System and method of facilitating contactless payment transactions across different payment systems using a common mobile device acting as a stored value device

作者: Thierry Renard , James Helm , Philippe Staib

DOI:

关键词: Data exchangePaymentPayment systemMobile deviceEmbedded systemMobile paymentComputer networkSettlement (finance)Payment service providerService (business)Business

摘要: A system for facilitating contactless payment transactions across different systems using a common mobile device that acts as stored value is provided. combination of application and communication module allows the device, which associated with one system, to emulate various transmission standards data exchange formats are used in order perform merchants systems. service running operator computer communicates facilitate settlement amount owed by device.

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