Payment System

What is PayLive?

PayLive is a new payment system using your smartphone. Goodbye blue, silver, and gold plastic credit cards in your pocket. Hello PayLive, a new digital alternative for in-person purchases. PayLive is disruptive because it challenges all other methodologies that have not found the universal solution for all smartphones in the market today.

Here's the Big Deal - PayLive uses the smartphone you now have in your pocket!

This is a true MVP solution. PayLive securely communicates credit card information with the seller’s current POS System for payment processing. The seller may continue to use their same Credit Card Provider or Gateway. No changes required for PayLive transactions. PayLive is an elegant solution supporting all the smartphones in the market today!

Why Use PayLive?

PayLive is more secure than plastic. PayLive is an easier, safer, and faster way to make payments. And because PayLive is smartphone agnostic, all buyers using any smartphone in the market today can make cardless credit card purchases using their current phone. This is what you have been waiting for.

PayLive is in the pre-startup stage. The PayLive product is fully specified, ready for product build. A prototype is in development. I am looking for a business development co-founder, based in the San Francisco Bay Area, with strong personal contacts in the financial community.

Click the button to download our one page PayLive Executive Summary

Click the button to download the more detailed Product Summary

Have a question?

The PayLive Product Overview contains more product details, revenue projections, and addresses market questions. If you have further interest following your review of the Executive Summary please make your request below, including information about yourself.

A Buyer's View

For the buyer, PayLive is a smartphone alternative to using physical credit cards for in-person purchases. It is a digital payment solution that is more secure, safer, and easier than using traditional credit cards.

PayLive is smartphone agnostic! Using our PayLive App, all buyers using any smartphone in the market today can make cardless credit card purchases. It works with the smartphone you own today.

The buyer stands at the sales counter with a product or service they wish to pay with a credit card. They start the PayLive App on their smartphone. The Smartphone App displays a graphical wallet of available credit cards that they have previously loaded on. The buyer selects the one to use for this purchase. A green LED light goes on at the VeriFone credit card reader, the same credit card reader you have been using for years. This tell you to hold your phone over the reader. In a moment the phone vibrates and the LED light goes out. This is your indicator to pull your phone back to you. That's it.

The PayLive App completely manages the processing of the buyer’s credit card transaction on their smartphone.

The buyer confirms the purchase amount on their smartphone. For small purchases that's the end, the transaction is complete. For larger amounts the buyer may be asked to sign their signature or enter their debit card PIN on their phone to complete the purchase. The transaction ends with a summary of the sale displayed on their phone, and optionally, a purchase receipt sent to their email address.

The Smartphone

PayLive is unique. It is the only universal cardless solution for all smartphones in the market today. It replaces the use of the physical credit card for in-person purchases using any smart device or smartphone a buyer has with them.

Many new startup products in the market today, such as social media products, require the startup to educate their prospective user or client as to what this new product does, why it is important, why they need it, and how it will be of use in their life. This is not the case with PayLive. People today are already buyers. They are already using credit cards to make purchases. They are very familiar with the agony of losing their cards and the cost of having them stolen. And very importantly, people are also already using their smartphones for uses other than telephone calls. Using their smartphone to pay for purchases is a natural evolution in the lives of people today.

PayLive is an elegant solution for these buyers who already enjoy consolidating daily tasks into their personal computer, their smartphone. PayLive is in a unique market position in supporting all smartphones. This strategic design provides us the opportunity for very fast customer acceptance and rapid growth into the consumer digital payment space.

The Seller's View

The retail seller is the PayLive customer. They are the big beneficiaries of the PayLive product. PayLive makes it possible for the seller to make more unit sales as they move more Buyers through the purchase process in less time, providing happy buyers and gaining increased revenue.

PayLive is different by design. It is more universal than other payment systems because it is literally a bolt-on, drop-in solution to the seller's existing POS software. Seller's will embrace and adopt PayLive because no changes to their existing Credit Card Provider or Gateway are required- they simply gain a more convenient option for payment. With virtually no startup hurdles, sellers can focus on the benefits- faster payment processing, more buyers per POS location, a great buyer experience- all resulting in repeat buyers and increased re-occurring revenue. Of course PayLive maintains full support for the legacy credit cards when that is the buyer's choice.

PayLive provides to the seller’s customers, their buyers, what they truly value:
- Easier and faster credit card purchases.
- Security by reducing the chance and occurrence of lost or stolen credit cards.
- Protection from fraudulent use of the buyer’s credit card.

Using their smartphone for purchases the buyer feels more protected, more in control, more effective in their busy day. This is a positive buying experience. The PayLive purchase experience motivates the buyer to return to shop here again. The result is a direct increase in reoccurring revenue for the seller, our customer.

About PayLive

The Team

I am Richard Fink, the original founder, visionary, and inventor of the PayLive Payment System. I have designed the functional processes of the product idea, envisioned how the product fits into the market place, and how it will be implemented operationally in the wild. My background is in the technical area of system design, software development, and project management. I can and do program and am the lead in any technical aspect of the PayLive design, implementation, and operation. Our team will be comprised of two co-founders. The second co-founder is a business development and financial person of noteworthy experience. They must have an established record in forming and managing outside partnerships and co-managing a new company that will exhibit tremendous challenges as it moves along to product delivery, expansion, and success.

Richard Fink, Founder

I have many years in the computer field, both in the technical area of systems design and programming, and senior management. I co-wrote an early Disk Operating System for the IBM 1401, which was eventually sold to IBM for integration into their computer sales in India. I ran East African Airways’ Data Center in Nairobi Kenya and co-authored their online reservations system (AIRS) based on IBM’s CPSIM-E. During the transition from MSDOS to Windows I authored the retail software product PrintStream, providing multi-tasking capabilities to those early environments. In 1994 I founded WorldPassage, one of the first regional ISP’s in the San Francisco Bay Area, delivering Internet connectivity to early users. Recently I have had an iPhone app "InEmergency" in Apple’s App Store.



PayLive is seeking one co-founder to round out the founding team to proceed from product specification to product delivery in the marketplace. That individual will have a strong background in startup management from the business development and financial side. It is important that they have personal contacts in the financial industry, as these will be needed in building strategic alliances in the build-out of PayLive. An important contribution would be a co-founder who already has senior management or founder experience at a previous startup and had an exit. PayLive is proposing that this co-founder be an equal partner in the founder team. This person must be based in the San Francisco Bay Area.

PayLive Overview

PayLive a new process invention, a digital payment system based around credit and debit card payments that are made through the use of a smart device such as a smartphone. The smartphone is one example of any smart device that could be used in a PayLive payment transaction. The PayLive process is smartphone agnostic. It does not care what smart device or smartphone the buyer uses. The reference to credit cards on this site always means credit, debit, prepaid, and gift cards.

The buyer stands at the sales counter with a product or service to pay with a credit card. They start the PayLive App on their smartphone. The PayLive App displays a graphical wallet of available credit cards. The buyer selects the one to use for this purchase. The PayLive App then facilitates the processing of the buyer’s credit card transaction on their smartphone.

The buyer’s PayLive App manages the communication of credit card data with the seller’s Point of Sales (POS) System via the seller’s PayLive Device and other services.

Once the buyer has confirmed the small purchase amount on their smartphone the transaction is often completed. For larger purchase amounts the buyer may be asked to provide their signature or enter their debit card PIN on the phone. The transaction ends with a summary of the sale displayed on the buyer’s phone, and optionally, a purchase receipt sent to the buyer’s email address.


The objective of this invention is the creation of a new credit card transaction process that works on all smartphones today and integrates into existing credit card processing systems without any change between the seller’s existing POS System and their Credit Card Provider or Gateway.

What is a PayLive Device?

A PayLive Device is the same hardware as the credit card readers we all use in supermarkets and bookstores today when we make purchases. It is simply a software upgraded version of the modern VeriFone credit card reader used for our everyday purchases. The difference is that the updated PayLive Device version can communicate with the buyer’s smartphone to facilitate the credit card purchase process. However, if the buyer does need or prefers to use a physical credit card, the PayLive Device is capable of accepting those credit cards as well. The buyer swipes their credit card in the traditional manner to make their payment.

Contact PayLive

Our Address

1160 Mission St, Suite 2108

San Francisco CA, 94103

Telephone Number


Email Address

Founder's Address




PayLive Invention

The Smartphone, PayLive Device, and other components are used in this website and in the PayLive Product Overview document to describe the PayLive payment process. They are one protected implementation of the PayLive invention. Other devices and sub-systems can be used in place of these components, within the scope of the invention. The components used here are one descriptive implementation to clearly demonstrate the invention so that it can be easily visualized in a real world scenario. This description is not meant to limit the technical scope of the invention’s definition.