PERSONAL POINT OF SALE (PPOS) WITH DYNAMIC PAYMENT KERNEL CONFIGURATION FOR CARD PRESENT E-COMMERCE AND IN VEHICLE TRANSACTION

PERSONAL POINT OF SALE (PPOS) WITH DYNAMIC PAYMENT KERNEL CONFIGURATION FOR CARD PRESENT E-COMMERCE AND IN VEHICLE TRANSACTION

Today, merchant Point of Sale (POS) systems can be certified by the merchant acquirers for Level 3 with a certified EMV Level 1 contact and contactless reader. The EMV Level 2 payment kernel is configured to meet the merchant's requirements based on the rules the merchant sets in the payment ke...

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Bibliographische Detailangaben
Hauptverfasser: Ocasio, Eric Michael, Nuzum, Todd Raymond, Dow, Michael
Format: Patent
Sprache:eng
Schlagworte:
CALCULATING
COMPUTING
COUNTING
DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES
ELECTRIC DIGITAL DATA PROCESSING
PHYSICS
SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR
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Beschreibung
Zusammenfassung:Today, merchant Point of Sale (POS) systems can be certified by the merchant acquirers for Level 3 with a certified EMV Level 1 contact and contactless reader. The EMV Level 2 payment kernel is configured to meet the merchant's requirements based on the rules the merchant sets in the payment kernel. These rules and parameters are static. The present specification discloses a personal POS (pPOS) device and method, where different merchants can use the same customer pPOS hardware by changing the configuration of the payment kernel to their rules prior to processing the payment. Therefore, the present specification discloses devices and methods that can process payment transactions using a payment kernel that is dynamically configurable.