Abstract: There is provided a method and system for carrying out two factor authentication, which renders an augmented reality environment or a virtual reality environment at the user device to depict an authentication object, and when a user interaction with the authentication object is detected, an authentication code received from an issuer server is displayed at the user device.

Abstract: System for performing a transaction between payer and payee, including a payee client device, a payer client device, and one or more payment processing devices, wherein a payer payment application executed by the payer client device: determines virtual payment card data indicative of a virtual payment card indicative of a payer account; determines encoded virtual payment card data by encoding the virtual payment card data at least in part using an audio encoding scheme; transmits an indication of the encoded virtual payment card data to the payee client device via an audio communications channel; a payee payment application executed by the payee client device: causes decoding of the encoded virtual payment card data to determine decoded virtual payment card data; causes the one or more payment processing devices to selectively perform the transaction using the payer account at least partially in accordance with the decoded virtual payment card data.

Abstract: There is provided a method and system for carrying out two factor authentication, which renders an augmented reality environment or a virtual reality environment at the user device to depict an authentication object, and when a user interaction with the authentication object is detected, an authentication code received from an issuer server is displayed at the user device.

Abstract: A computer system for issuing a deposit code as a substitute for cash is described. The computer system includes at least one merchant apparatus, a deposit code database, and a deposit server. Each merchant apparatus is being configured to receive, from a customer or a merchant, at least one of the cash deposit or a deposit amount indicating an equivalent monetary value of the cash deposit, and transmit, a deposit request, the deposit request including the deposit amount and a merchant identifier, the merchant identifier indicating at least a merchant account associated with the merchant apparatus. The deposit code database is configured to store deposit code information associated with multiple such deposit requests, the deposit code information including a deposit identifier, the deposit amount and the merchant identifier.

Abstract: Methods, systems and apparatus for conducting secure transactions using digital barcodes. In an embodiment, a consumer mobile device launches a mobile payment application and then receives selection of a payment card account and an instruction to pay via a digital barcode by a cardholder. The consumer mobile device then generates at least one of a dynamic quick response (QR) code and a barcode, displays the QR code and/or the barcode on a display component, receives a purchase transaction confirmation request including merchant identification data and a transaction amount, and displays a confirmation notification for approval by the cardholder. After receiving a confirmation response, the consumer mobile device transmits the confirmation response to a digital enablement system (DES) computer. In some implementations, after transaction authorization, the consumer mobile device may receive and display a transaction completed confirmation message.

Abstract: Disclosed is a writing implement for effecting an electronic transaction via a payment terminal. The writing implement includes a communications device comprising a payment vehicle identifier. The payment vehicle identifier is associated with a payment vehicle from which funds can be drawn for effecting the electronic transaction. The communications device is configured to send the payment vehicle identifier to the payment terminal. The writing implement also includes a writing member for producing an authenticating mark to authenticate use of the payment vehicle.

Abstract: System for performing a transaction between payer and payee, including a payee client device, a payer client device, and one or more payment processing devices, wherein a payer payment application executed by the payer client device: determines virtual payment card data indicative of a virtual payment card indicative of a payer account; determines encoded virtual payment card data by encoding the virtual payment card data at least in part using an audio encoding scheme; transmits an indication of the encoded virtual payment card data to the payee client device via an audio communications channel; a payee payment application executed by the payee client device: causes decoding of the encoded virtual payment card data to determine decoded virtual payment card data; causes the one or more payment processing devices to selectively perform the transaction using the payer account at least partially in accordance with the decoded virtual payment card data.

Abstract: There is provided a system and method for carrying out a transaction using augmented reality. The system and method allows users to obtain information for special offers for goods/services at a merchant establishment and subsequently pay for desired goods/services with the desired special offer.

Abstract: A computer-implemented method for payment status verification of one or more selected products, the method comprising the steps of: receiving a unique transaction code by a checkout module, the unique transaction code being associated with one or more paid products; retrieving, from a database, a product identifier of each of the one or more paid products based on the received unique transaction code; receiving, by the checkout module, at least one product identifier of the one or more selected products; and verifying, using a verification module which is in communication with the checkout module, the payment status of the one or more selected products based on a comparison of the at least one received product identifier of the one or more selected products with the retrieved product identifier of the one or more paid products.

Abstract: Disclosed is a writing implement for effecting an electronic transaction via a payment terminal. The writing implement includes a communications device comprising a payment vehicle identifier. The payment vehicle identifier is associated with a payment vehicle from which funds can be drawn for effecting the electronic transaction. The communications device is configured to send the payment vehicle identifier to the payment terminal. The writing implement also includes a writing member for producing an authenticating mark to authenticate use of the payment vehicle.