WO2007029123A3 - System and method for processing transactions - Google Patents

System and method for processing transactions Download PDF

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Publication number
WO2007029123A3
WO2007029123A3 PCT/IB2006/003499 IB2006003499W WO2007029123A3 WO 2007029123 A3 WO2007029123 A3 WO 2007029123A3 IB 2006003499 W IB2006003499 W IB 2006003499W WO 2007029123 A3 WO2007029123 A3 WO 2007029123A3
Authority
WO
WIPO (PCT)
Prior art keywords
monetary value
data
authorisation
processing
validating
Prior art date
Application number
PCT/IB2006/003499
Other languages
French (fr)
Other versions
WO2007029123A2 (en
Inventor
Felix Grovit
Original Assignee
Secoren Ltd
Felix Grovit
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
Priority claimed from US11/178,237 external-priority patent/US20070007329A1/en
Priority claimed from GB0513990A external-priority patent/GB2428126B/en
Priority claimed from US11/384,223 external-priority patent/US8336763B2/en
Application filed by Secoren Ltd, Felix Grovit filed Critical Secoren Ltd
Publication of WO2007029123A2 publication Critical patent/WO2007029123A2/en
Publication of WO2007029123A3 publication Critical patent/WO2007029123A3/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
    • G06Q20/22—Payment schemes or models
    • G06Q20/28—Pre-payment schemes, e.g. "pay before"
    • 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
    • G06Q20/02—Payment architectures, schemes or protocols involving a neutral party, e.g. certification authority, notary or trusted third party [TTP]
    • 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
    • G06Q20/381—Currency conversion

Landscapes

  • Business, Economics & Management (AREA)
  • Accounting & Taxation (AREA)
  • Engineering & Computer Science (AREA)
  • Physics & Mathematics (AREA)
  • Finance (AREA)
  • Strategic Management (AREA)
  • General Business, Economics & Management (AREA)
  • General Physics & Mathematics (AREA)
  • Theoretical Computer Science (AREA)
  • Economics (AREA)
  • Development Economics (AREA)
  • Computer Security & Cryptography (AREA)
  • Financial Or Insurance-Related Operations Such As Payment And Settlement (AREA)

Abstract

There is disclosed a transaction processing server (300), comprising: means (304) for receiving a request (224) to initiate a transaction, the request including user identification data (220) and monetary value authorisation data; validating means (302) for validating the monetary value authorisation data; processing means (302) for processing the monetary value authorisation data to select monetary value data (210) corresponding to the monetary value authorisation data; storing means (306) for storing data representing an association between the user identification data (220) and the monetary value data (210); and output means (302) for outputting a monetary value identifier (228) associated with the monetary value data (210). The invention finds particular application in the field of transferring monetary value from a sender to a recipient.
PCT/IB2006/003499 2005-07-08 2006-07-10 System and method for processing transactions WO2007029123A2 (en)

Applications Claiming Priority (6)

Application Number Priority Date Filing Date Title
US11/178,237 2005-07-08
US11/178,237 US20070007329A1 (en) 2005-07-08 2005-07-08 System and method for processing transactions
GB0513990A GB2428126B (en) 2005-07-08 2005-07-08 System and method for processing transactions
GB0513990.2 2005-07-08
US11/384,223 US8336763B2 (en) 2005-07-08 2006-03-17 System and method for processing transactions
US11/384,223 2006-03-17

Publications (2)

Publication Number Publication Date
WO2007029123A2 WO2007029123A2 (en) 2007-03-15
WO2007029123A3 true WO2007029123A3 (en) 2007-07-12

Family

ID=37829678

Family Applications (1)

Application Number Title Priority Date Filing Date
PCT/IB2006/003499 WO2007029123A2 (en) 2005-07-08 2006-07-10 System and method for processing transactions

Country Status (1)

Country Link
WO (1) WO2007029123A2 (en)

Families Citing this family (3)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US8336763B2 (en) 2005-07-08 2012-12-25 Secoren Limited System and method for processing transactions
WO2012142315A2 (en) 2011-04-13 2012-10-18 Visa International Service Association Message routing using logically independent recipient identifiers
US8712914B2 (en) * 2012-02-23 2014-04-29 Mastercard International Incorporated Method and system for facilitating micropayments in a financial transaction system

Citations (4)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
GB2361571A (en) * 2000-04-17 2001-10-24 Aspect Internet Holdings Ltd Payment method
US20020026412A1 (en) * 2000-01-23 2002-02-28 Kabin Dan Moshe Virtual cash limited money card for purchasing, to be used mostly through the internet and communication systems
WO2002039402A1 (en) * 2000-11-08 2002-05-16 Nowcard International Limited Financial transaction method
US20020087462A1 (en) * 2000-12-28 2002-07-04 First Data Corporation Method and system for electronic transfer of funds implementing an automated teller machine in conjunction with a manned kiosk

Patent Citations (4)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US20020026412A1 (en) * 2000-01-23 2002-02-28 Kabin Dan Moshe Virtual cash limited money card for purchasing, to be used mostly through the internet and communication systems
GB2361571A (en) * 2000-04-17 2001-10-24 Aspect Internet Holdings Ltd Payment method
WO2002039402A1 (en) * 2000-11-08 2002-05-16 Nowcard International Limited Financial transaction method
US20020087462A1 (en) * 2000-12-28 2002-07-04 First Data Corporation Method and system for electronic transfer of funds implementing an automated teller machine in conjunction with a manned kiosk

Also Published As

Publication number Publication date
WO2007029123A2 (en) 2007-03-15

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