WO2009070041A3 - Payment system and method of operation - Google Patents

Payment system and method of operation Download PDF

Info

Publication number
WO2009070041A3
WO2009070041A3 PCT/NZ2008/000322 NZ2008000322W WO2009070041A3 WO 2009070041 A3 WO2009070041 A3 WO 2009070041A3 NZ 2008000322 W NZ2008000322 W NZ 2008000322W WO 2009070041 A3 WO2009070041 A3 WO 2009070041A3
Authority
WO
WIPO (PCT)
Prior art keywords
pos terminal
switch
funds
payment system
purchaser
Prior art date
Application number
PCT/NZ2008/000322
Other languages
French (fr)
Other versions
WO2009070041A2 (en
Inventor
Jason Nigel Gill
Rajeshwar Dutt
Sanjay Magan Soma
Original Assignee
Electronic Transaction Service
Jason Nigel Gill
Rajeshwar Dutt
Sanjay Magan Soma
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 NZ563922A external-priority patent/NZ563922A/en
Priority claimed from AU2007237260A external-priority patent/AU2007237260A1/en
Application filed by Electronic Transaction Service, Jason Nigel Gill, Rajeshwar Dutt, Sanjay Magan Soma filed Critical Electronic Transaction Service
Publication of WO2009070041A2 publication Critical patent/WO2009070041A2/en
Publication of WO2009070041A3 publication Critical patent/WO2009070041A3/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
    • G06Q20/08—Payment architectures
    • G06Q20/20—Point-of-sale [POS] network systems

Landscapes

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

Abstract

The present invention relates to a method and system for transferring funds between a merchant and purchaser. The transaction is initiated using a POS terminal (3). An encrypted transaction message is sent between the POS terminal (3) and a switch (8) that arranges a transfer of funds. The POS terminal (3) obtains a master key from a web server (7) for encrypting further key exchanges. The POS terminal (3) also receives configuration data from the switch 8 for configuring operation of the POS terminal (3).
PCT/NZ2008/000322 2007-11-30 2008-11-28 Payment system and method of operation WO2009070041A2 (en)

Applications Claiming Priority (4)

Application Number Priority Date Filing Date Title
NZ563922 2007-11-30
AU2007237260 2007-11-30
NZ563922A NZ563922A (en) 2007-11-30 2007-11-30 Payment system
AU2007237260A AU2007237260A1 (en) 2007-11-30 2007-11-30 Payment system and method of operation

Publications (2)

Publication Number Publication Date
WO2009070041A2 WO2009070041A2 (en) 2009-06-04
WO2009070041A3 true WO2009070041A3 (en) 2009-08-06

Family

ID=40679180

Family Applications (1)

Application Number Title Priority Date Filing Date
PCT/NZ2008/000322 WO2009070041A2 (en) 2007-11-30 2008-11-28 Payment system and method of operation

Country Status (1)

Country Link
WO (1) WO2009070041A2 (en)

Families Citing this family (8)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
CN102647274B (en) * 2012-04-12 2014-10-08 福建联迪商用设备有限公司 POS (Point of Sale) terminal, terminal accessing device, main key managing system and method thereof
CN103714638B (en) * 2013-03-15 2015-09-30 福建联迪商用设备有限公司 A kind of method and system of quick position terminal master key failed download
US10679212B2 (en) 2014-05-26 2020-06-09 The Toronto-Dominion Bank Post-manufacture configuration of pin-pad terminals
CN106656488B (en) * 2016-12-07 2020-04-03 百富计算机技术（深圳）有限公司 Key downloading method and device for POS terminal
EP3616146B1 (en) * 2017-04-28 2023-09-13 Aptos, LLC Systems and methods for point of sale data synchronization
WO2019190345A1 (en) * 2018-03-30 2019-10-03 Публичное Акционерное Общество "Сбербанк России" System for controlling a network of point of sale terminals
EP4053771A1 (en) * 2019-02-19 2022-09-07 VR Payment GmbH Derivation of a token using a transaction-specific unique key
CN110430052B (en) * 2019-08-05 2023-01-31 中国工商银行股份有限公司 POS key online filling method and device

Citations (6)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
WO2001033522A1 (en) * 1999-11-05 2001-05-10 American Express Travel Related Services Company, Inc. Systems and methods for facilitating commercial transactions between parties residing at remote locations
US20020046185A1 (en) * 2000-08-30 2002-04-18 Jean-Marc Villart System and method conducting POS transactions
WO2005115074A2 (en) * 2004-05-25 2005-12-08 Alexandre Soares Pi Farias System for accessing a pos terminal, method for downloading and updating applications and method for performing electronic operation using such a system
US20060294378A1 (en) * 2005-06-23 2006-12-28 Lumsden Ian A Key loading systems and methods
US20070005685A1 (en) * 2002-09-16 2007-01-04 Wunchun Chau Browser-based payment system
US20070011066A1 (en) * 2005-07-08 2007-01-11 Microsoft Corporation Secure online transactions using a trusted digital identity

Patent Citations (6)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
WO2001033522A1 (en) * 1999-11-05 2001-05-10 American Express Travel Related Services Company, Inc. Systems and methods for facilitating commercial transactions between parties residing at remote locations
US20020046185A1 (en) * 2000-08-30 2002-04-18 Jean-Marc Villart System and method conducting POS transactions
US20070005685A1 (en) * 2002-09-16 2007-01-04 Wunchun Chau Browser-based payment system
WO2005115074A2 (en) * 2004-05-25 2005-12-08 Alexandre Soares Pi Farias System for accessing a pos terminal, method for downloading and updating applications and method for performing electronic operation using such a system
US20060294378A1 (en) * 2005-06-23 2006-12-28 Lumsden Ian A Key loading systems and methods
US20070011066A1 (en) * 2005-07-08 2007-01-11 Microsoft Corporation Secure online transactions using a trusted digital identity

Also Published As

Publication number Publication date
WO2009070041A2 (en) 2009-06-04

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