GPay. Google patent application for SMS payment system

According to intoMobile, Google has just fpublished their patent application for an SMS text message-payment system, ostensibly called “GPay,” that would facilitate private transactions between a merchant and a customer for goos and services.

A computer-implemented method of effectuating an electronic on-line payment includes receiving at a computer server system a text message from a payor containing a payment request representing a payment amount sent by a payor device operating independently of the computer server system, determining a payment amount associated with the text message and debiting a payor account for an amount corresponding to the amount of the payment request, and crediting an account of a payee that is independent of the computer server system.

emily | 7:54 AM | SMS and Banking |
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