X2InfinityTM

Virtual Mobile Transact

VMT

This concept is formulated to enable mobile purchase transactions via one time password and QR barcode for alias authentication.

US Patent Publication 20120191556

SYSTEMS AND METHODS FOR VIRTUAL MOBILE TRANSACTIONS

Inventors:  Kelly, Nicholas /  Forbes, Rick / Rolinson, Stuart / Tristan, Ricky T. / Tune, James J.

Application Published:  Jul 26, 2012

Application Number: 13 / 011,643 Status: Patent Pending

US Patent Publication 20120191613

SYSTEMS AND METHODS FOR VIRTUAL MOBILE TRANSACTIONS

Inventors:  Kelly, Nicholas /  Forbes, Rick / Rolinson, Stuart / Tristan, Ricky T. / Tune, James J.

Application Published:  Jul 26, 2012

Application Number: 13 / 011,999 Status: Patent Pending

ABSTRACT

Disclosed is a computer based method including receiving a request, by a virtual mobile transaction computer, from a user device or from an application running on the user device. The user and the user device are verified and authenticated based on one or more parameters. A transaction account is determined, where the transaction account is associated with the user. A bar code is sent to the user device and the bar code is used to initiate a payment for a purchase transaction associated with the request.