SYSTEM AND METHOD FOR CONTROLLING SETTLEMENT
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United States of America Patent
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app pub date -
Jul 28, 2017
filing date -
Aug 4, 2016
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Abstract
In a first aspect, a method is provided for controlling settlement, including receiving, at a merchant register, a settlement request for payment for at least one item and sending a transaction note from the merchant register to a transaction management server and to a mobile device of a user, the transaction note including: an identifier for each item; a transaction note value required to be settled; and a unique identifier. The method further includes receiving, at the mobile device, a confirmation confirming the transaction note is to be settled using a payment vehicle associated with the user; sending the confirmation and the unique identifier to a settlement server for affecting settlement of the transaction note value; upon successful settlement: sending a settlement confirmation from the settlement server to the transaction management server; updating the merchant register to reflect settlement of the transaction note; and producing a receipt confirming settlement.
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