WO2010035224A3 - A transaction method and system - Google Patents

A transaction method and system Download PDF

Info

Publication number
WO2010035224A3
WO2010035224A3 PCT/IB2009/054163 IB2009054163W WO2010035224A3 WO 2010035224 A3 WO2010035224 A3 WO 2010035224A3 IB 2009054163 W IB2009054163 W IB 2009054163W WO 2010035224 A3 WO2010035224 A3 WO 2010035224A3
Authority
WO
WIPO (PCT)
Prior art keywords
customer
linked
msisdn
mobile device
transaction
Prior art date
Application number
PCT/IB2009/054163
Other languages
French (fr)
Other versions
WO2010035224A2 (en
Inventor
Stefano Nello Arturo Brachini
Original Assignee
Virtual Payment Solutions (Pty) Ltd
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 Virtual Payment Solutions (Pty) Ltd filed Critical Virtual Payment Solutions (Pty) Ltd
Publication of WO2010035224A2 publication Critical patent/WO2010035224A2/en
Publication of WO2010035224A3 publication Critical patent/WO2010035224A3/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
    • G06Q20/40—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
    • 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
    • G06Q20/30—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
    • G06Q20/322—Aspects of commerce using mobile devices [M-devices]
    • G06Q20/3223—Realising banking transactions through 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
    • G06Q20/30—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
    • G06Q20/325—Payment architectures, schemes or protocols characterised by the use of specific devices or networks using wireless devices using wireless networks
    • 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
    • G06Q20/36—Payment architectures, schemes or protocols characterised by the use of specific devices or networks using electronic wallets or electronic money safes
    • G06Q20/363—Payment architectures, schemes or protocols characterised by the use of specific devices or networks using electronic wallets or electronic money safes with the personal data of a user
    • 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
    • G06Q20/4014—Identity check for transactions
    • 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
    • G06Q20/326—Payment applications installed on the mobile devices

Abstract

A method of and a system (1 ) for effecting a financial transaction. A customer (2.1 ) is registered using a mobile device with a SIM card having a specific MSISDN (3.1 ). A customer profile is then created and linked to the mobile device MSISDN. The customer is provided with a virtual purse (6.1 ) linked to the customer profile and enabled to use the mobile device with the linked MSISDN to transact against a balance associated with the virtual purse. The mobile phone IMEI and SIM card IMSI are stored against the customer profile on the transaction system and the MSISDN, IMEI and IMSI will be verified against a mobile phone network database before a transaction is allowed. The database is selected from a Home Location Register (HLR), Visitor Location Register (VLR) and/or Equipment Identity Register (EIR). The virtual purse may be linked to a bank account (4) of the customer.
PCT/IB2009/054163 2008-09-23 2009-09-23 A transaction method and system WO2010035224A2 (en)

Applications Claiming Priority (2)

Application Number Priority Date Filing Date Title
NGNG/C/2008/551 2008-09-23
NG55108 2008-09-23

Publications (2)

Publication Number Publication Date
WO2010035224A2 WO2010035224A2 (en) 2010-04-01
WO2010035224A3 true WO2010035224A3 (en) 2010-07-15

Family

ID=42060187

Family Applications (1)

Application Number Title Priority Date Filing Date
PCT/IB2009/054163 WO2010035224A2 (en) 2008-09-23 2009-09-23 A transaction method and system

Country Status (1)

Country Link
WO (1) WO2010035224A2 (en)

Families Citing this family (17)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US11887105B2 (en) 2010-04-09 2024-01-30 Paypal, Inc. Transaction token issuing authorities
US10134031B2 (en) 2010-04-09 2018-11-20 Paypal, Inc. Transaction token issuing authorities
US10304051B2 (en) 2010-04-09 2019-05-28 Paypal, Inc. NFC mobile wallet processing systems and methods
US9400978B2 (en) 2010-04-09 2016-07-26 Paypal, Inc. Methods and systems for selecting accounts and offers in payment transactions
US10445723B2 (en) 2010-04-09 2019-10-15 Paypal, Inc. NFC-transaction processing systems and methods
US8380177B2 (en) 2010-04-09 2013-02-19 Paydiant, Inc. Mobile phone payment processing methods and systems
US9208482B2 (en) 2010-04-09 2015-12-08 Paypal, Inc. Transaction token issuing authorities
JP5791128B2 (en) * 2010-05-27 2015-10-07 グローバル ブルー エス．エー． Method and application for location based services
GB2480662A (en) * 2010-05-27 2011-11-30 Global Blue Holdings Ab Service eligibility and validation using mobile communications device identifier
CN103282929B (en) 2010-12-23 2020-04-10 贝宝公司 Method and system for operating mobile device to complete ATM transaction of account holder
AU2013266099A1 (en) 2012-05-24 2015-01-22 Paypal, Inc. Method and systems for wallet enrollment
WO2015123691A1 (en) * 2014-02-14 2015-08-20 Boemi Andrew A Mobile device payment system and method
GB2517276B (en) * 2014-06-18 2015-09-30 Validsoft Uk Ltd Detecting porting or redirection of a mobile telephone number
WO2016001867A2 (en) * 2014-07-03 2016-01-07 Tracopay Limited Electronic wallet and online payments
WO2016108783A1 (en) * 2014-12-31 2016-07-07 Turkcell Teknoloji Arastirma Ve Gelistirme A. S. A payment system and method
US11049096B2 (en) 2015-12-31 2021-06-29 Paypal, Inc. Fault tolerant token based transaction systems
CN111182521B (en) * 2018-11-12 2022-07-01 中移（杭州）信息技术有限公司 Internet of things terminal machine card binding, network access authentication and service authentication method and device

Citations (5)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
EP0950968A1 (en) * 1997-08-13 1999-10-20 Matsushita Electric Industrial Co., Ltd Mobile electronic commerce system
EP1136961A1 (en) * 2000-03-24 2001-09-26 Banco Bilbao Vizcaya Argentaria S.A. System and process for remote payments and transactions in real time by mobile telephone
WO2003009243A1 (en) * 2001-07-19 2003-01-30 W3 Infocomm Group Pte Ltd Mobile electronic funds transfer system and method
US6976011B1 (en) * 1998-06-15 2005-12-13 Societe Francaise Du Radiotelephone Process for making remote payments for the purchase of goods and/or a service through a mobile radiotelephone, and the corresponding system and mobile radiotelephone
EP1906349A1 (en) * 2003-07-02 2008-04-02 Mobipay International, S.A. Payment and transaction system using digital mobile telephones

Patent Citations (5)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
EP0950968A1 (en) * 1997-08-13 1999-10-20 Matsushita Electric Industrial Co., Ltd Mobile electronic commerce system
US6976011B1 (en) * 1998-06-15 2005-12-13 Societe Francaise Du Radiotelephone Process for making remote payments for the purchase of goods and/or a service through a mobile radiotelephone, and the corresponding system and mobile radiotelephone
EP1136961A1 (en) * 2000-03-24 2001-09-26 Banco Bilbao Vizcaya Argentaria S.A. System and process for remote payments and transactions in real time by mobile telephone
WO2003009243A1 (en) * 2001-07-19 2003-01-30 W3 Infocomm Group Pte Ltd Mobile electronic funds transfer system and method
EP1906349A1 (en) * 2003-07-02 2008-04-02 Mobipay International, S.A. Payment and transaction system using digital mobile telephones

Also Published As

Publication number Publication date
WO2010035224A2 (en) 2010-04-01

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