EP1082689A4 - Paiement electronique et procede de commerce electronique - Google Patents

Paiement electronique et procede de commerce electronique

Info

Publication number
EP1082689A4
EP1082689A4 EP99967185A EP99967185A EP1082689A4 EP 1082689 A4 EP1082689 A4 EP 1082689A4 EP 99967185 A EP99967185 A EP 99967185A EP 99967185 A EP99967185 A EP 99967185A EP 1082689 A4 EP1082689 A4 EP 1082689A4
Authority
EP
European Patent Office
Prior art keywords
optical disc
buyer
monetary value
data
operator
Prior art date
Legal status (The legal status 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 status listed.)
Withdrawn
Application number
EP99967185A
Other languages
German (de)
English (en)
Other versions
EP1082689A1 (fr
Inventor
Michael J P Mooney
Brian O'neill
Ivan Macdonald
Current Assignee (The listed assignees may be inaccurate. Google has not performed a legal analysis and makes no representation or warranty as to the accuracy of the list.)
CD-CASH (USA) LLC
CD CASH USA LLC
Original Assignee
CD-CASH (USA) LLC
CD CASH USA LLC
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 CD-CASH (USA) LLC, CD CASH USA LLC filed Critical CD-CASH (USA) LLC
Publication of EP1082689A1 publication Critical patent/EP1082689A1/fr
Publication of EP1082689A4 publication Critical patent/EP1082689A4/fr
Withdrawn legal-status Critical Current

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
    • G06Q20/30—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
    • 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
    • G06Q30/00—Commerce
    • G06Q30/06—Buying, selling or leasing transactions

Definitions

  • This invention relates generally to the field of electronic commerce, and more particularly to the field of media of exchange for use in electronic commerce, and specifically to a method and media of exchange for use in conducting commercial transactions via the Internet
  • Tokens are available m a limited number of denominations and they are cumbersome when utilized m large numbers, therefore notational money was developed
  • Notational money such as modern paper money or a bank check may assume any monetary value without a change m its physical geometry.
  • Notational money was originally linked directly to an intrinsic value located elsewhere, such as the gold m Fort Knox that backed the United States dollar for many years. With the demise of the gold standard, our modern notational money is now ⁇ backed by the faith and credit given by the user of the money to the issuer of the money
  • Electronic accounts include both debit and credit accounts. Physical implements such as bank checks, debit cards and credit cards sometimes represent these electronic balances. Credit and debit accounts l ⁇ have functioned well for decades, however, they have certain shortcomings that are becoming increasingly detrimental to the full development of the economic potential of the digital economy.
  • United States patent ⁇ , 816, 917 issued to Kelmer on October 6, 1998 discloses a gambling device which utilizes a ⁇ floppy disc or smart card that is purchased from a vendor and which has been assigned a predetermined credit balance for use in a gambling game device. This device is limited to the use predetermined by the vendor. Furthermore, there is a high risk of fraud with such a device because the economic value associated with the device is encoded onto the device itself which is in the possession of the user.
  • a medium of exchange comprising an optical disc and data ⁇ encoded on the optical disc representing a monetary value.
  • the objects of the invention are further accomplished by a method of conducting a transaction via the Internet, the method having the steps of: an operator associating a first monetary value with an optical disc; a buyer obtaining the optical disc; the buyer
  • the buyer communicating data representing a price and the optical disc to the operator via the Internet; the operator providing a confirmation to the buyer via the Internet; the buyer transmitting the confirmation to the seller via the Internet: the l ⁇ seller confirming the authenticity of the confirmation with the operator via the Internet; the seller providing the item to the buyer.
  • Figure 1 illustrates a compact disc used as a medium of exchange in accordance with this invention.
  • Figure 2 illustrates the steps of a method of electronic commerce in accordance with this invention.
  • Figures 3-9 illustrate the computer screen of a buyer as it would appear during an electronic transaction in accordance with this invention.
  • Figures 10-12 illustrate the computer screen of a buyer as it would appear as the buyer checks the value of the compact disc 0 of Figure 1.
  • Figure 13 illustrates the computer screen of a buyer as it would appear as the buyer displays the historical value of the compact disc of Figure 1.
  • the inventors have developed a novel method of conducting a commercial transaction via the Internet by utilizing a medium of exchange that is unique and yet familiar to the digital environment.
  • the medium of exchange of this invention of this invention
  • FIG 1 an optical data storage medium such as compact disc 10 encoded with data representing a monetary value.
  • the method of recording data on the optical disc 10 and the method of retrieving data from the optical disc 10 are known m the art of optical data storage media.
  • Optical disc 10 is l ⁇ illustrated in Figure 1 as bearing the name CD CASH, an unregistered mark used by the assignee of this invention to identify certain aspects of this invention.
  • FIG 2 illustrates a series of communications that may be accomplished among a seller 20. a buyer 30, and an operator 40.
  • the seller 20 may be any person or ⁇ organization desiring to provide an item such as a product or service.
  • the buyer 30 may be any person or organization desiring to obtain an item from a seller via a network transaction.
  • the operator 40 functions as a third-party facilitator to the transaction between the seller 20 and the buyer 0 30.
  • a first step 1 m this method of commerce has the operator 40 providing an optical disc 10 encoded with data representing a monetary value to buyer 30 in exchange for the transfer 2 of money from the buyer 30 to the operator 40
  • This transaction ⁇ may occur via a postal system or preferably as a cash transaction conducted between the buyer 30 and an agent/outlet of the operator 40 Since this is a cash transaction, the identity of the buyer does not have to be revealed.
  • the optical disc 10 is encoded with computer readable data representing this monetary value and/or an identification code for the optical disc 10.
  • the operator 40 may include a data processing machine such as computer 12 l ⁇ wherein information is stored associating the data encoded on the optical disc 10 with the monetary value.
  • the optical disc 10 is preferably marked to include an indication of this initial monetary value, for example $20 as illustrated in FIGl
  • the optical disc 10 may also include a visible identification number
  • the identification number 14 may be hidden initially under the packaging of the optical disc 10, or hidden by a removable scratch-and-read coating as is known in the art of games of chance.
  • the initial buyer 30 of the optical disc ⁇ 10 can be assured that the value of the optical disc 10 is equal to the initial value marked on the face of the optical disc 10 Should the identification number 14 be visible at the time of sale a buyer 30 is alerted to the possibility that the current value of the optical disc 10 may be less than the initial value marked on its 0 face
  • the buyer 30 in step 3 of Figure 2 may obtain information regarding an item from a seller 20 by communicating via the network.
  • the seller 20 may transmit in step 4 an on-screen order form to the ⁇ buyer 30.
  • the order form may identify an item available for purchase and a price associated with that item.
  • Step 4 may also include the transmittal of a software component (not shown) provided by the operator 40 to the seller 20. This software component is used to conduct the commercial exchange process.
  • the buyer 30 is prompted by the software component to insert optical disc 10 into a CD drive connected to the buyer ' s computer and to enter the identification number 14 from the optical disc 10.
  • a software component on the computer of the buyer 30 is then used to perform a preliminary check to insure that the l ⁇ optical disc 10 is an optical disc supplied by operator 40 and that the identification number 14 entered by buyer 30 is in the correct format.
  • the software component on the computer of the buyer 30 may be provided to the buyer 30 on the optical disc 10.
  • step ⁇ the software component on the buyer's computer
  • the seller 20 in 0 step 8 may send the confirmation and additional encrypted information unique to the compact disc 10 to the operator 40 for final confirmation.
  • the operator 40 then credits an account identified to the seller 20 and debits an account associated with the compact disc 10.
  • step 9 sends a confirmation to seller ⁇ 20.
  • Seller 20 then provides the item to the buyer 30 to complete the transaction
  • a network such as the Internet.
  • This system may be utilized for transaction having a large or small value.
  • a further advantage of utilizing an optical storage medium ⁇ as a medium of exchange is that additional data may be encoded onto the optical disc 10. Such data may, for example, represent marketing information. The buyer 30 may view this marketing information when the optical disc 10 is used m the computer of the buyer 30. As an incentive for the buyer 30 to view the optical disc 10.
  • the optical disc 10 may be encoded with data representing a second monetary value that can be accessed by the buyer 30.
  • a second value or item may be provided to the buyer 30 when the buyer l ⁇ accesses the marketing information.
  • a second monetary value m the form of a discount or rebate may be provided to the buyer 30 whenever the buyer 30 executes certain computer readable code on the optical disc 10.
  • the data stored on optical disc 10 may include a list of advertisers willing to 0 provide a discount or award to a buyer 30 utilizing optical disc 10. The value of such advertising will serve to facilitate the introduction of this form of electronic commerce into the market place
  • a buyer 30 or other person who obtains possession of ⁇ optical disc 10 may utilize the Internet to determine the current value of the optical disc 10
  • a software component encoded on optical disc 10 may be utilized to communicate with operator 40 over the Internet to display the current monetary value of optical disc 10 on the computer of the buyer 30 This is an important 0 process since the initial monetary value assigned to optical disc 10 may be changed by the operator 40 as a result of previous transactions.
  • Operator 40 may assign a revised monetary value to optical disc 10 following a commercial transaction.
  • the revised monetary value may be a function of the initial monetary value ⁇ and the price of an item purchased in the earlier transaction.
  • the second monetary value may be simply the first monetary value minus the price.
  • the operator 40 may further reduce the monetary value to reflect a user fee charged against the value of optical disc 10 to cover the cost of the
  • the relationship between the initial monetary value and the second monetary value may be an additive function, i.e. the second monetary value may be higher than the first monetary value as a result of the recharging of the optical disc 10 by the buyer 30.
  • the buyer 30 providing credit l ⁇ card account information to operator 40 may conduct such recharging over the Internet.
  • the value of optical disc 10 may be increased as a result of the use of marketing information encoded on optical disc 10 by buyer 30.
  • the operator 40 may provide a web site to provide other 0 services to the buyer 30 and seller 20.
  • buyer 30 may obtain a history of spending for a particular optical disc 10. Alternatively, this information may be stored locally on the computer of the buyer 30. The buyer 30 would be advised ⁇ when the optical disc 10 had been utihzed in more than one computer with the result that the locally stored information may not be accurate.
  • the web site of the operator 40 may include links to other sellers 20 that accept payment using this form of electronic commerce.
  • Optical disc 10 may include data representing other types of information, for instance music or software.
  • the implementation of this form of ⁇ electronic commerce may be accomplished with a reduced initial cost.
  • the monetary value included on the optical disc 10 with other consumer products may represent a rebate on the price of the consumer product. This is the electronic equivalent of a rebate coupon for a consumer product.
  • the optical disc 10 may include encrypted information duplicated in many parts of the disc to mitigate the chances of the disc being rendered useless by physical damage. If the information can not be read from the disc in its primary location, the software component controlling the approval process will l ⁇ attempt to read the data from other segments of the disc. To prevent users from guessing passwords, a limited number of retries in a specified time period may be allowed. Other protection schemes may be utihzed to prevent the misuse of the system disclosed in FIG.2, however the maximum incentive for a
  • optical disc 10 would-be thief is limited to the initial value of optical disc 10. Since the initial value of optical disc 10 may be as low as twenty dollars or less, there is little incentive for would-be thieves to develop fraudulent derivatives of the inventive process. Because of the inherent security of the system, and because the buyer 30 ⁇ has prepaid for optical disc 10. vendors 20 may be encouraged to accept such a form of payment. Many forms of information are currently being provided across the Internet at no charge since the economic value of such information is very small on a per- transaction basis. The medium of exchanged described herein is 0 inherently efficient and may be utilized for such micro- transactions, thereby enabling a large market which has heretofore been uneconomical to cultivate.
  • Optical disc 10 may be valid for a ⁇ limited period, for example six months, to simplify the financial record keeping required by the operator 40, and further to ensure that advertising information encoded onto optical disc 10 remains current. Further a buyer 30 may elect to restrict the use of optical disc 10. For example buyer 30 may communicate with
  • operator 40 to implement a password restriction on a particular optical disc 10.
  • buyer 30 may instruct operator 40 to limit the classes of Internet sites to which payments may be forwarded, for example, preventing an optical disc 10 given to a child from being used to purchase products or services from an l ⁇ adult-oriented Internet site.
  • the cost of operating the Internet commerce system described in FIG. 2 is preferably born by vendor 20. This may be accomplished by the operator 40 deducting a commission or usage charge from the amount of any payment credited to the account
  • compact disc 10 is prepaid and has the economic advantages described above, any such commission or use charge is likely to be much smaller for the vendor than current credit card based transactions. Furthermore the time value of money available to the operator 40 from unused and lost ⁇ optical discs 10 further reduces the amount of expense that must be recovered from the vendor 20.
  • FIG's 3-9 illustrate the appearance of the screen of the computer of buyer 30 during an Internet transaction in accordance with the method of FIG. 2.
  • FIG. 3 shows buyer 30 0 visiting a web page where a method of payment in accordance with the present invention is accepted as indicated by the CD- CASH logo displayed on the screen.
  • the seller 20 makes available to buyer 30 the screen illustrated in FIG. 4, here indicating a listing of games that may be purchased ⁇ through the Internet. This screen allows the buyer 30 to select a game, the number of plays, and a method of payment including CD-CASH.
  • the software component received from seller 20 asks buyer 30 to confirm the method of payment and the price as indicated in FIG. ⁇ . After this
  • the buyer 30 is prompted to enter the identification code 14 from the optical disc 10 as illustrated in FIG. 6, and to insert the optical disc 10 into the computer.
  • the identification code 14 and other data from optical disc 10 are transmitted to operator 40.
  • the operator 40 confirms that the l ⁇ current value of optical disc 10 is greater than the price identified for the item to be purchased, and the buyer 30 is requested to confirm the purchase as illustrated in FIG. 7.
  • the buyer 30 is forwarding to the seller 20 a confirmation provided by the operator 40 as discussed
  • FIG. 10 illustrates how the buyer 30 may confirm the current monetary value of an optical disc 10.
  • FIG. 10 illustrates ⁇ the web page provided by operator 40 allowing buyer 30 to select several options, including checking the value of the optical disc 10, recharging the optical disc 10, inquiring for more information, and being linked to other web pages provided by sellers 20 who accept this form of payment.
  • FIG. 11 illustrates the screen 0 available to the buyer 30 for checking the value of optical disc 10. This screen requires the buyer 30 to enter the identification number 14 associated with the optical disc 10 and to insert the optical disc 10 into the disc drive of the computer.
  • FIG. 12 illustrates the response screen provided by the operator 40 showing the current value of the optical disc 10.
  • FIG. 13 illustrates the way operator 40 may display spending data for a particular optical disc 10 on the computer of buyer 30.

Landscapes

  • Business, Economics & Management (AREA)
  • Accounting & Taxation (AREA)
  • Finance (AREA)
  • Engineering & Computer Science (AREA)
  • General Physics & Mathematics (AREA)
  • Theoretical Computer Science (AREA)
  • Strategic Management (AREA)
  • Physics & Mathematics (AREA)
  • General Business, Economics & Management (AREA)
  • Economics (AREA)
  • Marketing (AREA)
  • Development Economics (AREA)
  • Computer Networks & Wireless Communication (AREA)
  • Management, Administration, Business Operations System, And Electronic Commerce (AREA)
  • Financial Or Insurance-Related Operations Such As Payment And Settlement (AREA)
  • Storage Device Security (AREA)

Abstract

L'invention concerne un procédé de commerce électronique dans lequel un disque optique (10) tient lieu de support de transaction. Le disque optique (10) est codé par des données qui représentent une valeur monétaire, laquelle est réduite par un opérateur intervenant dans une transaction électronique entre un acheteur (30) et un vendeur (20). En outre, le disque optique (10) peut être codé par des données qui représentent une seconde valeur monétaire correspondant à une réduction ou à une incitation. Enfin, le disque optique (10) peut comprendre des données représentant un produit de consommation (musique, logiciel, etc.).
EP99967185A 1999-04-05 1999-12-03 Paiement electronique et procede de commerce electronique Withdrawn EP1082689A4 (fr)

Applications Claiming Priority (5)

Application Number Priority Date Filing Date Title
US12775699P 1999-04-05 1999-04-05
US127756P 1999-04-05
US42734999A 1999-10-26 1999-10-26
US427349 1999-10-26
PCT/US1999/028674 WO2000060512A1 (fr) 1999-04-05 1999-12-03 Paiement electronique et procede de commerce electronique

Publications (2)

Publication Number Publication Date
EP1082689A1 EP1082689A1 (fr) 2001-03-14
EP1082689A4 true EP1082689A4 (fr) 2001-09-05

Family

ID=26825942

Family Applications (1)

Application Number Title Priority Date Filing Date
EP99967185A Withdrawn EP1082689A4 (fr) 1999-04-05 1999-12-03 Paiement electronique et procede de commerce electronique

Country Status (18)

Country Link
EP (1) EP1082689A4 (fr)
JP (1) JP2002541562A (fr)
KR (1) KR20010078728A (fr)
CN (1) CN1304513A (fr)
AU (1) AU2352000A (fr)
BR (1) BR9911189A (fr)
CA (1) CA2333733A1 (fr)
EE (1) EE200000722A (fr)
IL (1) IL140050A0 (fr)
IS (1) IS5750A (fr)
LT (1) LT4811B (fr)
LV (1) LV12651B (fr)
NO (1) NO20006158L (fr)
PL (1) PL344639A1 (fr)
SI (1) SI20558A (fr)
SK (1) SK18532000A3 (fr)
TR (1) TR200003627T1 (fr)
WO (1) WO2000060512A1 (fr)

Families Citing this family (2)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
HU221217B1 (en) * 2000-01-27 2002-08-28 Lajtner Tamas Dr Record carrier usable as means of payment
US7640432B2 (en) * 2000-12-11 2009-12-29 International Business Machines Corporation Electronic cash controlled by non-homomorphic signatures

Family Cites Families (14)

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Publication number Priority date Publication date Assignee Title
US5753899A (en) 1993-10-06 1998-05-19 Gomm; R. Greg Cash alternative transaction system
US5748737A (en) * 1994-11-14 1998-05-05 Daggar; Robert N. Multimedia electronic wallet with generic card
US5857079A (en) 1994-12-23 1999-01-05 Lucent Technologies Inc. Smart card for automatic financial records
US5590197A (en) 1995-04-04 1996-12-31 V-One Corporation Electronic payment system and method
US5832089A (en) * 1995-06-07 1998-11-03 Sandia Corporation Off-line compatible electronic cash method and system
US5710886A (en) 1995-06-16 1998-01-20 Sellectsoft, L.C. Electric couponing method and apparatus
US5802497A (en) 1995-07-10 1998-09-01 Digital Equipment Corporation Method and apparatus for conducting computerized commerce
JPH0944576A (ja) * 1995-08-02 1997-02-14 Hitachi Ltd 電子財布貸付システム
US5816917A (en) 1995-08-11 1998-10-06 Kelmer; Aaron Floppy-disk entertainment and gambling system for personal computers
US5815657A (en) 1996-04-26 1998-09-29 Verifone, Inc. System, method and article of manufacture for network electronic authorization utilizing an authorization instrument
JP3329432B2 (ja) * 1996-05-29 2002-09-30 日本電信電話株式会社 階層型電子現金実施方法およびこれに用いられる装置
US5704046A (en) * 1996-05-30 1997-12-30 Mastercard International Inc. System and method for conducting cashless transactions
US5903880A (en) * 1996-07-19 1999-05-11 Biffar; Peter C. Self-contained payment system with circulating digital vouchers
US6016476A (en) * 1997-08-11 2000-01-18 International Business Machines Corporation Portable information and transaction processing system and method utilizing biometric authorization and digital certificate security

Non-Patent Citations (1)

* Cited by examiner, † Cited by third party
Title
No Search *

Also Published As

Publication number Publication date
KR20010078728A (ko) 2001-08-21
LT2000112A (en) 2001-03-26
NO20006158L (no) 2001-01-29
IL140050A0 (en) 2002-02-10
WO2000060512A9 (fr) 2002-08-29
PL344639A1 (en) 2001-11-19
JP2002541562A (ja) 2002-12-03
IS5750A (is) 2000-12-04
SI20558A (sl) 2001-10-31
SK18532000A3 (sk) 2001-10-08
AU2352000A (en) 2000-10-23
TR200003627T1 (tr) 2001-07-23
BR9911189A (pt) 2005-01-04
EE200000722A (et) 2002-04-15
WO2000060512A1 (fr) 2000-10-12
NO20006158D0 (no) 2000-12-04
CA2333733A1 (fr) 2000-10-12
LT4811B (lt) 2001-06-25
LV12651B (lv) 2001-09-20
CN1304513A (zh) 2001-07-18
LV12651A (lv) 2001-04-20
EP1082689A1 (fr) 2001-03-14

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