WO2001055976A3 - Methods, devices and bank computers for consumers using communicators to wire funds to sellers and vending machines - Google Patents

Methods, devices and bank computers for consumers using communicators to wire funds to sellers and vending machines Download PDF

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Publication number
WO2001055976A3
WO2001055976A3 PCT/US2001/000144 US0100144W WO0155976A3 WO 2001055976 A3 WO2001055976 A3 WO 2001055976A3 US 0100144 W US0100144 W US 0100144W WO 0155976 A3 WO0155976 A3 WO 0155976A3
Authority
WO
WIPO (PCT)
Prior art keywords
bank
seller
consumers
methods
devices
Prior art date
Application number
PCT/US2001/000144
Other languages
French (fr)
Other versions
WO2001055976A2 (en
Inventor
Gregory T Kavounas
Original Assignee
Gregory T Kavounas
Priority date (The priority date is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the date listed.)
Filing date
Publication date
Application filed by Gregory T Kavounas filed Critical Gregory T Kavounas
Priority to AU2001227564A priority Critical patent/AU2001227564A1/en
Priority to US10/182,177 priority patent/US7720756B2/en
Publication of WO2001055976A2 publication Critical patent/WO2001055976A2/en
Publication of WO2001055976A3 publication Critical patent/WO2001055976A3/en
Priority to US12/753,728 priority patent/US8452701B2/en
Priority to US12/753,734 priority patent/US8458087B2/en
Priority to US13/898,104 priority patent/US8799156B2/en

Links

Classifications

    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/38—Payment protocols; Details thereof
    • G06Q20/42—Confirmation, e.g. check or permission by the legal debtor of payment
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/04—Payment circuits
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/08—Payment architectures
    • G06Q20/10—Payment architectures specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/38—Payment protocols; Details thereof
    • G06Q20/382—Payment protocols; Details thereof insuring higher security of transaction
    • G06Q20/3821—Electronic credentials
    • G06Q20/38215—Use of certificates or encrypted proofs of transaction rights
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/38—Payment protocols; Details thereof
    • G06Q20/385—Payment protocols; Details thereof using an alias or single-use codes
    • G—PHYSICS
    • G07—CHECKING-DEVICES
    • G07F—COIN-FREED OR LIKE APPARATUS
    • G07F19/00—Complete banking systems; Coded card-freed arrangements adapted for dispensing or receiving monies or the like and posting such transactions to existing accounts, e.g. automatic teller machines
    • G07F19/20—Automatic teller machines [ATMs]
    • G07F19/202—Depositing operations within ATMs

Abstract

Methods for consumers to pay at the point of sale by using a personal communicator (30) to wire transfer funds (1364) out of their bank (40) account. The communicator (30) is coupled to, and exchanges signals with a reciprocating communicator (1350) of the seller, which in turn is coupled (1356) to the seller's bank (60). This way the money is transferred as an EFT payment code (1364) directly from the buyer's bank (40) to the seller's bank (60), where it may be considered direct deposited, without processing delays. Devices also include vending machines that can receive payment this way. Bank computers are provided with systems and software for enabling the above. The bank computers are accessible by telephone lines, and work with cooperating banks by exchanging signals, for transferring the funds. The seller's bank (60) generates a payment confirmation code (1368) that is ultimately transmitted to the seller's satisfaction for releasing the goods at the point of sale.
PCT/US2001/000144 2000-01-25 2001-01-02 Methods, devices and bank computers for consumers using communicators to wire funds to sellers and vending machines WO2001055976A2 (en)

Priority Applications (5)

Application Number Priority Date Filing Date Title
AU2001227564A AU2001227564A1 (en) 2000-01-25 2001-01-02 Methods, devices and bank computers for consumers using communicators to wire funds to sellers and vending machines
US10/182,177 US7720756B2 (en) 2000-01-25 2001-01-02 Methods, devices and bank computers for consumers using communicators to wire funds to sellers and vending machines
US12/753,728 US8452701B2 (en) 2000-01-25 2010-04-02 Methods, devices and bank computers for consumers using communicators to wire funds to sellers and vending machines
US12/753,734 US8458087B2 (en) 2000-01-25 2010-04-02 Methods, devices and bank computers for consumers using communicators to wire funds to sellers and vending machines
US13/898,104 US8799156B2 (en) 2000-01-25 2013-05-20 Methods, devices and bank computers for consumers using communicators to wire funds to sellers and vending machines

Applications Claiming Priority (6)

Application Number Priority Date Filing Date Title
US17826200P 2000-01-25 2000-01-25
US60/178,262 2000-01-25
US52557500A 2000-03-15 2000-03-15
US09/525,575 2000-03-15
US22895100P 2000-08-28 2000-08-28
US60/228,951 2000-08-28

Related Parent Applications (1)

Application Number Title Priority Date Filing Date
US52557500A Continuation 2000-01-25 2000-03-15

Related Child Applications (3)

Application Number Title Priority Date Filing Date
US10182177 A-371-Of-International 2001-01-02
US12/753,728 Continuation US8452701B2 (en) 2000-01-25 2010-04-02 Methods, devices and bank computers for consumers using communicators to wire funds to sellers and vending machines
US12/753,734 Division US8458087B2 (en) 2000-01-25 2010-04-02 Methods, devices and bank computers for consumers using communicators to wire funds to sellers and vending machines

Publications (2)

Publication Number Publication Date
WO2001055976A2 WO2001055976A2 (en) 2001-08-02
WO2001055976A3 true WO2001055976A3 (en) 2002-01-03

Family

ID=27390955

Family Applications (1)

Application Number Title Priority Date Filing Date
PCT/US2001/000144 WO2001055976A2 (en) 2000-01-25 2001-01-02 Methods, devices and bank computers for consumers using communicators to wire funds to sellers and vending machines

Country Status (2)

Country Link
AU (1) AU2001227564A1 (en)
WO (1) WO2001055976A2 (en)

Citations (2)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US5604341A (en) * 1995-03-13 1997-02-18 At&T Global Information Solutions Company ATM as video conferencing station
US5774663A (en) * 1995-09-05 1998-06-30 Huntington Bancshares, Inc. Personal banker customer management system providing interactive video communication in real time concerning banking information

Patent Citations (2)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US5604341A (en) * 1995-03-13 1997-02-18 At&T Global Information Solutions Company ATM as video conferencing station
US5774663A (en) * 1995-09-05 1998-06-30 Huntington Bancshares, Inc. Personal banker customer management system providing interactive video communication in real time concerning banking information

Also Published As

Publication number Publication date
WO2001055976A2 (en) 2001-08-02
AU2001227564A1 (en) 2001-08-07

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