PAYMENT PROCESSING

Abstract: apparatuses, methods, computer program products, and systems are disclosed for payment processing. an apparatus includes one or more processors and one or more memories that store code executable by the one or more processors to exchange payment information for a transaction wirelessly between a mobile hardware computing device of a user and a hardware payment terminal for a merchant, to validate an availability of funds for the transaction using an electronic interface for an account for the user at a third-party institution, and to electronically transfer the funds directly from the account for the user to an account for the merchant to complete the transaction.

Inventor(s): JOHN RYAN CALDWELL

CPC Classification: G06Q20/3223 ({Realising banking transactions through M-devices})

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