System and method for transaction payments using a mobile device

Abstract

A system and method for performing a financial transaction may include processing a purchase transaction for products for purchase by a customer to determine a transaction amount. A communication with a mobile device of the customer may include communicating a store identifier, POS identifier, and the transaction amount. In response to receiving an approval number for the purchase transaction from a financial institution of the customer, completing the purchase transaction for the purchase of the products by the customer.

1 . A system for approving a financial transaction comprising:
 a mobile device;   a telecommunications server;   a point-of-sale (POS) system selectively in communication with the mobile device, the POS system configured to:   process a purchase transaction for products for purchase by a customer to determine a transaction amount;   request permission to communicate with a mobile device of the customer;   in response to receiving acceptance to the permission, communicate with the mobile device to communicate a store identifier, POS identifier, and the transaction amount to the mobile device;   prevent the mobile device from communicating information other than the acceptance to the permission, to allow for communicating to the mobile device to route the store identifier, POS identifier, and transaction amount to a financial institution of the customer for approval of the transaction amount for the customer; and   in response to receiving an approval number for the purchase transaction from a financial institution of the customer based on the transaction amount and a customer id, complete the purchase transaction for the purchase of the products by the customer,   wherein the telecommunications server determines the customer id based on a mobile identifier.   
     
     
         2 . The system according to  claim 1 , wherein receiving the approval number is via a different communications path from the communications path with the mobile device. 
     
     
         3 . The system according to  claim 2 , wherein the POS system is configured to communicate a request to the mobile telephone to enable the customer to accept communications. 
     
     
         4 . The system according to  claim 3 , wherein in response to receiving an acceptance to the request from the mobile device, the POS system is configured to communicate the store identifier, POS identifier, and transaction amount to the mobile device. 
     
     
         5 . A mobile device comprising:
 a display;   wherein the mobile device is configured to execute an application, the application when executed configured to:   receive a first request to communicate with a POS system;   render a graphical user interface (GUI) on the display including selections for accepting or denying the first request;   in response to receiving input associated with a selection for accepting the first request, transmit the selection for accepting the first request to the POS system;   in response to transmitting the selection for accepting the first request, being prevented from communicating information other than the selection for accepting the first request, to the POS system;   receive a second request for payment of a transaction processed by the POS system, the second request including a store ID, POS ID, and transaction amount;   render a selection of payment options on the GUI, each selection associated with a network address of a financial institution server; and   forward the second request including store ID, POS ID, and transaction amount to a network address of a financial institution server corresponding a received selection of a payment option.   
     
     
         6 . The mobile device of  claim 5 , wherein the second request is forwarded to a telecommunications server prior to being forwarded to the financial institution. 
     
     
         7 . The mobile device of  claim 6 , wherein the mobile device transmits a mobile identifier along with the second request. 
     
     
         8 . The mobile device of  claim 7 , wherein the telecommunications server determines a customer id using the mobile identifier. 
     
     
         9 . The mobile device of  claim 8 , wherein the telecommunications server transmits the customer id along with the store ID, POS ID, and transaction amount to the financial institution server. 
     
     
         10 . The mobile device of  claim 9 , wherein the financial institution server determines an account number correlated to the customer id. 
     
     
         11 . The mobile device of  claim 10 , wherein the financial institution server authorizes the transaction using the account number, store ID, POS ID, and transaction amount.