Method and system for dynamic funding

Abstract

A request to process a payment is received from a point of sale (POS) device. The request includes identify information corresponding to a device of a user that is used to pay for a purchase at the POS device. An authorization to process the request is received via the POS device. The request to process the payment is processed based on the receiving of the authorization.

What is claimed is: 
     
         1 . A method comprising:
 receiving, at an authorization system, a funding authorization request;   in response to receiving the funding authorization request, transmitting, by the authorization system, an account reference number to a mobile device of a user;   receiving, from a point-of-sale (POS) device by the authorization system, a request to process a payment and the account reference number, the POS device receiving the account reference number from the mobile device;   identifying, using a hardware processor of the authorization system, a payment account corresponding to the account reference number received from the POS device; and   processing the request to process the payment based on the account reference number.   
     
     
         2 . The method of  claim 1 , wherein the funding authorization request is transmitted by the mobile device of the user. 
     
     
         3 . The method of  claim 1 , further comprising generating, at the authorization system, the account reference number. 
     
     
         4 . The method of  claim 1 , wherein the funding authorization request is transmitted in response to the mobile device being in proximity to a point-of-sale (POS) device. 
     
     
         5 . The method of  claim 1 , further comprising transmitting, to the mobile device, a notification in response to the processing. 
     
     
         6 . The method of  claim 1 , further comprising determining whether funds are available in the payment account for an amount associated with the request. 
     
     
         7 . The method of  claim 1 , wherein the account reference number comprises a single use number. 
     
     
         8 . The method of  claim 1 , further comprising determining whether the account reference number is valid based on a time period. 
     
     
         9 . The method of  claim 8 , wherein the time period is based on a period of time between when the account reference number is transmitted to the mobile device and received from the POS device. 
     
     
         10 . The method of  claim 1 , further comprising:
 transmitting a confirmation request to the mobile device of the user; and   receiving a successful response to the confirmation request from the user,   wherein the processing is triggered in response to the receiving of the successful response.   
     
     
         11 . The method of  claim 1 , wherein the POS device receives the account reference number from the mobile device wirelessly. 
     
     
         12 . The method of  claim 1 , wherein the POS device receives the account reference number as a scannable pattern. 
     
     
         13 . The method of  claim 1 , wherein the account reference number is based on an identifier associated with the mobile device. 
     
     
         14 . A system comprising:
 one or more processors configured to at least:
 receive, at an authorization system, a funding authorization request; 
 in response to receiving the funding authorization request, transmit, by the authorization system, an account reference number to a mobile device of a user; 
 receive, from a point-of-sale (POS) device by the authorization system, a request to process a payment and the account reference number, the POS device receiving the account reference number from the mobile device; 
 identify a payment account corresponding to the account reference number received from the POS device; and 
 process the request to process the payment based on the account reference number. 
   
     
     
         15 . The system of  claim 14 , wherein the one or more processors are further configured to determine whether the account reference number is valid based on a time period, wherein the time period is based on a period of time between when the account reference number is transmitted to the mobile device and received from the POS device. 
     
     
         16 . The system of  claim 14 , wherein the account reference number is based on an identifier associated with the mobile device. 
     
     
         17 . A machine-readable medium having no transitory signals and storing instructions that, when executed by one or more processors of a machine, cause the machine to perform operations comprising:
 receiving, at an authorization system, a funding authorization request;   in response to receiving the funding authorization request, transmitting, by the authorization system, an account reference number to a mobile device of a user;   receiving, from a point-of-sale (POS) device by the authorization system, a request to process a payment and the account reference number, the POS device receiving the account reference number from the mobile device;   identifying a payment account corresponding to the account reference number received from the POS device; and   processing the request to process the payment based on the account reference number.   
     
     
         18 . The machine-readable medium of  claim 17 , wherein the funding authorization request is transmitted in response to the mobile device being in proximity to a point-of-sale (POS) device. 
     
     
         19 . The machine-readable medium of  claim 17 , wherein the POS device receives the account reference number from the mobile device wirelessly. 
     
     
         20 . The machine-readable medium of  claim 17 , wherein the POS device receives the account reference number from the mobile device as a scannable pattern.