WO2005094442A2 - Transaction system with special handling of micropayment transaction requests - Google Patents
Transaction system with special handling of micropayment transaction requests Download PDFInfo
- Publication number
- WO2005094442A2 WO2005094442A2 PCT/US2005/009008 US2005009008W WO2005094442A2 WO 2005094442 A2 WO2005094442 A2 WO 2005094442A2 US 2005009008 W US2005009008 W US 2005009008W WO 2005094442 A2 WO2005094442 A2 WO 2005094442A2
- Authority
- WO
- WIPO (PCT)
- Prior art keywords
- transaction
- account
- merchant
- routed
- debit
- Prior art date
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
- G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
- G06Q40/02—Banking, e.g. interest calculation or account maintenance
-
- 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
- G06Q20/20—Point-of-sale [POS] network 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
- G06Q20/22—Payment schemes or models
- G06Q20/29—Payment schemes or models characterised by micropayments
-
- 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
- G06Q20/30—Payment architectures, schemes or protocols characterised by the use of specific devices or networks
- G06Q20/32—Payment architectures, schemes or protocols characterised by the use of specific devices or networks using wireless devices
- G06Q20/327—Short range or proximity payments by means of M-devices
-
- 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
- G06Q20/40—Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
- G06Q20/401—Transaction verification
-
- 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
- G06Q20/40—Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
- G06Q20/405—Establishing or using transaction specific rules
Definitions
- Contactless smart cards and associated payment systems are well-known. These cards typically include RFID components for contactless communication, a chip, and a magnetic stripe to allow the card to be used in a conventional card reader. The information communicated via the RFID components is typically similar or identical to the information in the magnetic stripe.
- VISA has deployed different types of contactless smart card throughout the world. MasterCard provides a contactless smart card called the PayPass ® card. The payment systems that use contactless cards typically provide only one payment channel. In the MasterCard system, all payment requests are routed through a conventional debit or credit authorization/payment network. In other systems, such as one VISA card scheme, all payment requests are processed offline by the card which includes a "stored value" account balance.
- the prior art also includes cards that are associated with a central/remote "stored value" account. These cards are typically not contactless. They are typically simple plastic cards with magnetic stripes, and are commonly sold as gift cards. The account is initially charged and can be replenished by the card holder or a third party. The card contains an account number which is used to access the central account when a purchase is requested. These cards also provide only one payment channel. That is, all payment requests are directed to the central account which stores the account balance.
- a scheme is provided to determine whether to require a user to enter a secret code into an electronic transaction device for completing selected merchant transactions.
- a user presents a form of account identification to an electronic transaction device to initiate a transaction and a transaction amount is inputted.
- a table is provided that includes a plurality of merchant categories and transaction threshold amounts for each merchant category. The merchant category is then obtained for each initiated transaction. The inputted transaction amount is compared to the transaction threshold associated with the merchant. The user is required to enter the secret code for the selected transaction if the inputted transaction amount exceeds the transaction threshold amount associated with the merchant.
- a routing engine for use in automatically routing debit-type merchant transactions to customer accounts for payment of the merchant transactions.
- Each customer account is associated with a respective card issuer. At least some of the card issuers have for selected customers a debit account and a stored value account associated with the same customer account number.
- the routing engine comprises individually specified routing rules for each of a plurality of different card issuers. The rules define when a transaction should be routed to the debit account and when a transaction should be routed to the stored value account.
- DDA Demand Deposit Account
- One example of a routing rule is that if the transaction amount is under a predetermined threshold set for a merchant category associated with the merchant conducting the transaction, and no secret code is requested, then the transaction is routed to the stored value account, otherwise the transaction is routed to the debit account.
- Figure 1 shows a schematic block diagram of system elements in accordance with one preferred embodiment of the present invention
- Figure 2 shows sample routing rules for use in the present invention
- Figure 3 shows a flowchart of the system of Figure 1.
- DETAILED DESCRIPTION OF THE INVENTION Certain terminology is used herein for convenience only and is not to be taken as a limitation on the present invention.
- the same reference letters are employed for designating the same elements throughout the several figures.
- SIC Code Standard Industrial Classification Code
- This is a four digit numerical code assigned by the U.S. government to business establishments to identify the primary business of the establishment.
- Each merchant has an SIC code (e.g., 5192 is for a merchant selling "Books, Periodicals, Newspapers"; 7521 is for “Automobile Parking”; 5713 is for "Floor Covering • Stores”).
- the merchant acquirer knows the SIC code for the merchants that it processes transactions for.
- MCC Merchant Category Code
- BIN Bank Identification Number
- the issuer assigned number to a grouping of credit or debit cards.
- the BIN number is the first six through ninth digits of a card number, but could use up to the first twelve digits.
- the BIN thus can be used to identify the card issuer.
- the BIN is used to determine where to route a transaction for transaction approval and any account crediting or debiting that must occur. The present process is very straightforward. For example, if the BIN is 425333, the card issuer is CHASE, and all such transactions are routed to a preset location designated by CHASE.
- PIN-based debit network also, referred to herein interchangeably as a "payment network”
- these networks include STAR/MAC and NYCE.
- the customer typically must enter a secret code, such as a personal identification number (PIN) for this payment channel.
- PIN personal identification number
- These transactions are typically low risk transactions that are made over the Internet or via voice (audio) response units (VRU's). For example, some payment locations allow a GlobalCash debit card to be used to make utility payments without entering a PIN.
- VRU's voice response units
- Combination credit/debit terminals It is known to designate a transaction as being either credit or debit. Typically, a customer makes this decision at the checkout station by selecting the appropriate button on merchant equipment. If "credit” is selected, no PIN is requested and the transaction is routed to a credit payment authorization and posting channel. If “debit” is selected, the user is prompted to enter a PIN, and the resultant transaction is routed through a debit network. The initial credit/debit decision is under control of the customer or may be dictated by store policy, or may be made automatically by the merchant equipment.
- Terminal driving software - A system that functions with the credit/debit hardware terminal that enables the hardware terminal to perform many payment card transaction processes.
- FIG. 1 shows a schematic block diagram of system elements and includes Table A which provides specific threshold amounts for different SIC/MCC Codes.
- Figure 2 shows Table B which provides one preferred embodiment of transaction routing rules.
- Figure 3 shows one preferred embodiment of a flowchart for a process that uses the system of Figure 1.
- a contactless card or key fob with RFID capability may be used with the present invention.
- a traditional magnetic stripe card may be used.
- a central "stored value" account is provided, similar to those used in gift card programs. Referring to Figure 1 and Figure 3, the process is implemented as follows:
- a transaction is received at merchant POS equipment ( Figure 1, Step 1 and Figure 3, Step 1).
- the POS equipment can be a contactless chip card reader or a traditional magnetic stripe reader ( Figure 1, Step 2).
- the merchant POS equipment or the terminal driving software identifies the SIC code or MCC for that merchant.
- the merchant POS equipment or terminal driving software consults Table A ( Figure 1, Step 3) to determine if the transaction amount is greater than a threshold amount for the merchant type ( Figure 3, Step 2). If so, then the customer is prompted to enter a PIN ( Figure 3, Step 3). Otherwise, no PIN is requested or entered.
- Table A in Figure 1 shows examples for three SIC codes or MCC's. This feature provides an added level of security because the thresholds for less secure PIN-less transactions may be adjusted based on typical payment amounts for the type of merchant.
- the acquirer processor receives the transaction. If no SIC/MCC interrogation was executed on the transaction by the merchant POS and/or terminal driving software, the acquirer processor may execute an edit against the transaction to ensure that PINless transactions are below the SIC/MCC threshold amount using Table A in Figure 1 ( Figure 1, Step 4 and Figure 3, Step 4).
- the payment network receives the transaction request, along with any PIN information, if entered, identifies the BIN, determines if the transaction is from a qualified micropayment merchant, and then consults Table B to automatically determine where to route the transaction.
- the payment network thus performs the function of a routine engine for implementing the routing rules in Table B.
- the payment network may also perform an edit to ensure that PINless micropayment transactions are under the SIC threshold ( Figure 1, Step 5 and Figure 3, Step 4). At least the following three inputs are needed to implement the rules: i. the BIN (this is extracted from the card number and is used to identify the card issuer) ( Figure 3, Step 5); ii.
- the BIN may be further used to route the transaction to the appropriate debit account for the card issuer, as is well-known in the prior art. Likewise, if the "stored value" account is identified, the BIN may be further used to route the transaction to the appropriate stored value account set up for that card issuer ( Figure 1, Step 6).
- a contactless transaction request where no PIN was requested or entered will be routed to a "stored value" account if a card issuer has a "stored value” account or a relationship with a generic entity to manage their customer's "stored value” accounts.
- a card issuer can have micropayments initiated via a customer's contactless component routed to "stored value” accounts, instead of flowing into the customer's debit account, such as a traditional Demand Deposit Account (DDA)/Checking account.
- DDA Demand Deposit Account
- a transaction request where a PIN is requested and entered (e.g., transactions that are above the predetermined threshold for the merchant type) will be routed to the debit channel.
- a PIN e.g., transactions that are above the predetermined threshold for the merchant type
- Some card issuers may have no stored value accounts set up and no arrangement with any other entity to provide for one, and thus all transactions are routed to their respective DD A Checking accounts. See the routing rule for card issuer Cl ⁇ .
- Card issuers may select additional variations of routing rules based on transaction tliresholds (either the same amount for all merchants, or merchant category-based thresholds that use Table A), whether the transaction is initiated with a contactless form of account identification, whether a PIN is entered, and the like.
- transaction tliresholds either the same amount for all merchants, or merchant category-based thresholds that use Table A
- there are a plurality of repositories of central "stored value” accounts For example, a large card issuer may wish to have its own repository for its customers.
- the stored value accounts may be reloaded/replenished with funds from the customer's respective financial institution/card issuer accounts, either automatically upon dropping below a predetermined amount, or by a user requesting reloading/replenishment by logging onto a web site or by other means. Reloading/replenishment may occur by communication directly with the customer's respective financial institution/card issuer (not shown), or through the payment network (shown in Figure 1).
- a key fob or similar contactless device such as a device similar to the ExxonMobil Speedpass ® , is used instead of a contactless card.
- Table A is an optional element of the POS equipment and the Acquirer Processor and/or Terminal Driver.
- Table A is omitted from one or both of these elements, additional communications occur with the debit network to query Table A located therein when the check of the threshold amount is made.
- merchant categories are preferably defined by SIC codes or MCC's which are already incorporated into existing merchant acquirer devices, other types of merchant category classifications may be used and are within the scope of the present invention.
- the form of account identification is described above as being a physical contactless device or a card device (a magnetic stripe card or a smart card with or without a magnetic stripe card). However, the form of account identification may also be biometric data, such as a customer's fingerprint, retina scan, voice print, facial geometry, or the like. This type of account identification is a form of contactless non-physical account identification.
- Table B shows one routing rule for each card issuer. However, there may be multiple routing rules for each card issuer, as well as rules of priority if multiple rules conflict with each other.
- the merchant POS equipment is shown in Figure 1 as being the electronic transaction device for interfacing with the merchant and customer in performing a transaction. However, the merchant POS equipment may be any form of electronic transaction device and need not be physically located at a merchant. For example, a user may conduct a merchant transaction via the Internet using a web browser on a personal computer or handheld computer device, or via a voice (audio) response units (VRU's). If these alternative electronic transaction devices are used, the transactions may be treated as being contactless transactions for purposes of applying the routing rules.
- VRU's voice response units
- each issuer may define the routing rules for these types of transactions which may be the same or different than the routing rules for device-based contactless transactions (e.g., key fobs, contactless smart card) or magnetic stripe transactions.
- the present invention may be implemented with any combination of hardware and software. If implemented as a computer-implemented apparatus, the present invention is implemented using means for performing all of the steps and functions described above.
- the present invention can be included in an article of manufacture (e.g., one or more computer program products) having, for instance, computer useable media.
- the media has embodied therein, for instance, computer readable program code means for providing and facilitating the mechanisms of the present invention.
Abstract
Description
Claims
Priority Applications (3)
Application Number | Priority Date | Filing Date | Title |
---|---|---|---|
AU2005227891A AU2005227891A1 (en) | 2004-03-23 | 2005-03-18 | Transaction system with special handling of micropayment transaction requests |
EP05725851A EP1730689A4 (en) | 2004-03-23 | 2005-03-18 | Transaction system with special handling of micropayment transaction requests |
CA002560854A CA2560854A1 (en) | 2004-03-23 | 2005-03-18 | Transaction system with special handling of micropayment transaction requests |
Applications Claiming Priority (2)
Application Number | Priority Date | Filing Date | Title |
---|---|---|---|
US10/807,431 | 2004-03-23 | ||
US10/807,431 US20050216424A1 (en) | 2004-03-23 | 2004-03-23 | Transaction system with special handling of micropayment transaction requests |
Publications (2)
Publication Number | Publication Date |
---|---|
WO2005094442A2 true WO2005094442A2 (en) | 2005-10-13 |
WO2005094442A3 WO2005094442A3 (en) | 2007-01-18 |
Family
ID=34991338
Family Applications (1)
Application Number | Title | Priority Date | Filing Date |
---|---|---|---|
PCT/US2005/009008 WO2005094442A2 (en) | 2004-03-23 | 2005-03-18 | Transaction system with special handling of micropayment transaction requests |
Country Status (6)
Country | Link |
---|---|
US (1) | US20050216424A1 (en) |
EP (1) | EP1730689A4 (en) |
CN (1) | CN101124596A (en) |
AU (1) | AU2005227891A1 (en) |
CA (1) | CA2560854A1 (en) |
WO (1) | WO2005094442A2 (en) |
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2004
- 2004-03-23 US US10/807,431 patent/US20050216424A1/en not_active Abandoned
-
2005
- 2005-03-18 CN CNA200580009252XA patent/CN101124596A/en active Pending
- 2005-03-18 EP EP05725851A patent/EP1730689A4/en not_active Withdrawn
- 2005-03-18 WO PCT/US2005/009008 patent/WO2005094442A2/en not_active Application Discontinuation
- 2005-03-18 AU AU2005227891A patent/AU2005227891A1/en not_active Abandoned
- 2005-03-18 CA CA002560854A patent/CA2560854A1/en not_active Abandoned
Non-Patent Citations (1)
Title |
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See references of EP1730689A4 * |
Cited By (3)
Publication number | Priority date | Publication date | Assignee | Title |
---|---|---|---|---|
US8521650B2 (en) | 2007-02-26 | 2013-08-27 | Zepfrog Corp. | Method and service for providing access to premium content and dispersing payment therefore |
US9076174B2 (en) | 2007-02-26 | 2015-07-07 | Zepfrog Corp. | Method and service for providing access to premium content and dispersing payment therefore |
US11080711B2 (en) * | 2014-11-24 | 2021-08-03 | Zooz Mobile Ltd. | Computerized transaction routing system and methods useful in conjunction therewith |
Also Published As
Publication number | Publication date |
---|---|
AU2005227891A1 (en) | 2005-10-13 |
EP1730689A2 (en) | 2006-12-13 |
CA2560854A1 (en) | 2005-10-13 |
CN101124596A (en) | 2008-02-13 |
US20050216424A1 (en) | 2005-09-29 |
EP1730689A4 (en) | 2011-01-19 |
WO2005094442A3 (en) | 2007-01-18 |
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