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Operating Company

Chizaizukan is a creative media platform designed to connect people with 'amazing intellectual property' that drives global progress, fostering co-creation. By leveraging creative thinking, we visualize conceptual projects and support co-creative initiatives through prototyping. Through workshops, idea visualization, advanced AI utilization, and information dissemination, we examine cutting-edge technologies and future challenges across various industries, helping create new business opportunities.

https://chizaizukan.com

Commercial Transactions Act

SLO

Universal Checkout for Mobile Payments

US20170262828A1

Mobile Payments Interchange LLC

Patent overview

This patent provides a system for facilitating quick and secure payments by scanning QR codes with a mobile payment app to retrieve data including merchant ID and transaction amount. The payment system verifies that the merchant ID and POS terminal ID match, integrating the transaction request for submission to the payment gateway. This improves convenience for both merchants and customers.

Unique aspects of the patent

Simplification of payments using QR codes
Verification of matching merchant ID and POS terminal ID
Integrated processing of payment requests

Traditional issues

Traditional payment systems often complicate transactions between merchants and customers, leading to cumbersome procedures. Particularly when using different payment platforms or applications, transaction approvals and processing can take time, diminishing customer convenience. Additionally, merchants face the challenge of managing multiple systems, leading to increased operational costs.

Solution

This patent simplifies the traditional complex payment process by introducing a payment method using QR codes. Customers can scan QR codes using mobile devices to quickly retrieve data including merchant ID and transaction amount. The payment system verifies that the merchant ID and POS terminal ID match, integrating the transaction request for submission to the payment gateway. This enhances the speed and security of transactions.