GB2460663A - Internet payment device - Google Patents

Internet payment device Download PDF

Info

Publication number
GB2460663A
GB2460663A GB0810163A GB0810163A GB2460663A GB 2460663 A GB2460663 A GB 2460663A GB 0810163 A GB0810163 A GB 0810163A GB 0810163 A GB0810163 A GB 0810163A GB 2460663 A GB2460663 A GB 2460663A
Authority
GB
United Kingdom
Prior art keywords
purchaser
vendor
authoriser
financial organization
internet
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Withdrawn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
GB0810163A
Other versions
GB0810163D0 (en
Inventor
John Charles Thomas Spottiswoode
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.)
HTEC Ltd
Original Assignee
HTEC 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 HTEC Ltd filed Critical HTEC Ltd
Priority to GB0810163A priority Critical patent/GB2460663A/en
Publication of GB0810163D0 publication Critical patent/GB0810163D0/en
Publication of GB2460663A publication Critical patent/GB2460663A/en
Withdrawn legal-status Critical Current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
    • G06Q20/08—Payment architectures
    • G06Q20/12—Payment architectures specially adapted for electronic shopping systems

Abstract

The Internet payment entry device securely sends data from a small device, separate from the World Wide Web, to a financial organization (the authorizer or authorizer's intermediary) for authorization of an internet purchase from a vendor. The ip enabled Internet payment device uses secure data encryption and only communicates between the purchaser and the financial organization. The device uses the purchaser's card (e.g. credit or debit card) and their personal identification number (PIN) to link the purchaser to the financial organization. It is then up to the financial organization to separately notify the vendor whether the purchase is authorized or not.

Description

Internet PED Characteristics The Internet Payment Entry Device (Internet PED or IPED) securely sends data from a small device, separate from the World Wide Web, directly to a financial organisation (Authoriser or Authoriser' s intermediary) for authorisation of a purchase from a Vendor.
The ip enabled Internet Payment Device uses secure data encryption and only communicates between the Purchaser and the Authoriser (or Authoriser' s intermediary).
The device uses the Purchaser's card (e.g. credit or debit card) and their Personal Identification Number (PIN) to link the Purchaser to the Authoriser (or Authoriser's intermediary).
It is then up to the Autboriser (or Authoriser's intermediary) to separately notify the Vendor that the purchase is authorised or not.
Process When a Purchaser wishes to buy an item from a web site the Vendor provides key identifying data such as vendor code, transaction code and transaction amount. The Purchaser puts the vendor code, transaction code, their PIN number and their card into the JPED. The IPED sends the data securely so it cannot be intercepted to the Authoriser (or Authoriser's intermediary) who can read the data. The Authoriser can then authorise (or not) the payment and it sends this authorisation to the Vendor. If so authorised then the Vendor can complete the purchase transaction and the goods are given or sent to the Purchaser.
In this way the Purchaser does not give the Vendor any financial information.
As part of the process the IPED may have to be authenticated by the Authoriser (or Authoriser's intermediary) so that the Purchaser could be sure that the device was a valid device and was set up to send only secure data to the financial organisation. This would need to involve the Authoriser (or Authoriser' s intermediary) sending a code to a separate place (e.g. email or mobile text message) for the Purchaser to enter as authorisation.
GB0810163A 2008-06-04 2008-06-04 Internet payment device Withdrawn GB2460663A (en)

Priority Applications (1)

Application Number Priority Date Filing Date Title
GB0810163A GB2460663A (en) 2008-06-04 2008-06-04 Internet payment device

Applications Claiming Priority (1)

Application Number Priority Date Filing Date Title
GB0810163A GB2460663A (en) 2008-06-04 2008-06-04 Internet payment device

Publications (2)

Publication Number Publication Date
GB0810163D0 GB0810163D0 (en) 2008-07-09
GB2460663A true GB2460663A (en) 2009-12-09

Family

ID=39638123

Family Applications (1)

Application Number Title Priority Date Filing Date
GB0810163A Withdrawn GB2460663A (en) 2008-06-04 2008-06-04 Internet payment device

Country Status (1)

Country Link
GB (1) GB2460663A (en)

Citations (3)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US6282522B1 (en) * 1997-04-30 2001-08-28 Visa International Service Association Internet payment system using smart card
US20020038286A1 (en) * 2000-09-05 2002-03-28 Lea Koren System and method for secure e-commerce
EP1209639A2 (en) * 2000-11-22 2002-05-29 Fujitsu Limited Net shopping method, system therefor, and automatic payment transfer device

Patent Citations (3)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US6282522B1 (en) * 1997-04-30 2001-08-28 Visa International Service Association Internet payment system using smart card
US20020038286A1 (en) * 2000-09-05 2002-03-28 Lea Koren System and method for secure e-commerce
EP1209639A2 (en) * 2000-11-22 2002-05-29 Fujitsu Limited Net shopping method, system therefor, and automatic payment transfer device

Also Published As

Publication number Publication date
GB0810163D0 (en) 2008-07-09

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Legal Events

Date Code Title Description
WAP Application withdrawn, taken to be withdrawn or refused ** after publication under section 16(1)