GB2592917A - Close proximity smartphone to smartphone credit transfer - Google Patents

Close proximity smartphone to smartphone credit transfer Download PDF

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Publication number
GB2592917A
GB2592917A GB2003375.9A GB202003375A GB2592917A GB 2592917 A GB2592917 A GB 2592917A GB 202003375 A GB202003375 A GB 202003375A GB 2592917 A GB2592917 A GB 2592917A
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GB
United Kingdom
Prior art keywords
bank
smartphone
credit
user
account
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.)
Pending
Application number
GB2003375.9A
Other versions
GB202003375D0 (en
Inventor
Oluwaseun Bamidele Michael
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.)
Individual
Original Assignee
Individual
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 Individual filed Critical Individual
Priority to GB2003375.9A priority Critical patent/GB2592917A/en
Publication of GB202003375D0 publication Critical patent/GB202003375D0/en
Publication of GB2592917A publication Critical patent/GB2592917A/en
Pending legal-status Critical Current

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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
    • G06Q20/32—Payment architectures, schemes or protocols characterised by the use of specific devices or networks using wireless 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
    • G06Q20/38—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
    • G06Q20/40145—Biometric identity checks
    • 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
    • G06Q20/223—Payment schemes or models based on the use of peer-to-peer 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
    • G06Q20/32—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
    • G06Q20/326—Payment applications installed on the mobile 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
    • G06Q20/326—Payment applications installed on the mobile devices
    • G06Q20/3267—In-app payments
    • 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
    • G06Q20/327—Short range or proximity payments by means of 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
    • G06Q20/327—Short range or proximity payments by means of M-devices
    • G06Q20/3278—RFID or NFC payments by means of 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
    • G06Q20/38—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

Abstract

The real time wireless transfer of money/credit from one smart phone to another whereby the transaction is biometrically authenticated by DNA scanning. The system uses smart phones having 2-way transceivers, and a multi-bank mobile app that provides an interface to the users’ bank accounts. The mobile app allows a user to choose the account they wish to make the payment from, preferably by digital user account profiles, and facilitates the smart phone’s bi-directional wireless connection to the user’s banking account/system servers and third party’s smartphone. The bi-directional connections are biometric authentication by DNA scanning that is facilitated by the app. Preferably the multi bank app integrates all global bank accounts. Bi-directional connection between multi bank app and banking system, allows real time credit transfer and real time update of the account balance on the bank’s internal information systems.

Description

Close Proximity Smartphone to Smartphone Credit Transfer
Field of the Invention
The disclosed invention relates to the field of wireless communications between smart phones, particularly the invention focuses on a DNA scanning authenticated wireless connection between smart phones for the purpose of transferring credit between the smart phones.
Background of the Invention
A method for the real time wireless transfer of credit from one smart phone to another, such credit transfer being biometrically authenticated (by DNA scanning) on both smart phones. A system for enabling the above method employing SSCT Transceivers (smart phone to smart phone credit transfer transceivers), multi bank apps, online bank accounts and banking system servers.
The invention is both real time and wireless in its transfer of credit between the smart phones and is very secure as each user's DNA is unique to the user and cannot be copied by intruders. Certain technologies exist in the domain of wireless transfers between smart phones, but none are DNA scanning based. Furthermore certain technologies exist in the domain of credit transfers from smart phones to EPOS terminals, but none exist between a pair of smart phones in close proximity.
The invention facilitates a fast way of transferring credit from smart phone to smart phone; it also integrates with the internal information systems and servers of the banks in question. The invention provides a way for all global bank accounts to be integrated with the multi bank app disclosed in the invention. Digital user account profiles comprising of user sort code, user account number and other relevant account details will be available on the multi bank app.
The invention facilitates a way for bank customers to transfer credit to other bank accounts in a secure, fast, real time, wireless and integrated system without having to log on to the online bank accounts. The invention facilitates a way for bank customers to receive credit from other bank accounts without having to log on to the online bank accounts. The invention achieves this through a DNA authenticated pair between smart phones and a DNA authenticated wireless bi-directional channel between smart phones and the underlying banking assets.
SSCT Transceiver (Smartphone to Smartphone Credit Transfer) There is an SSCT Transceiver on each smart phone which establishes the wireless connection for the credit transfer, such SSCT transceiver being biometrically authenticated by DNA scanning and connecting bi-directionally to the multi bank apps. The SSCT transceiver receives wireless communications from the multi bank apps and also transmits wireless communications to the multi bank apps.
The SSCT Transceiver forms the first point of wireless contact between the smart phones and provides a biometric pair (DNA authenticated pair) between the smart phones. This ensures that any wireless credit transfer between the smart phones cannot be intercepted by intruders.
The "DNA authenticated pair" nature of the wireless connection between the paying and receiving smart phone ensures that the security and integrity of the connected banking assets are not compromised. A DNA scan will be required on each smart phone to establish the wireless connection between both smart phones.
Multi Bank Apo A multi bank app will be installed on each smart phone which provides the interface for all types of bank accounts available, enables the user to select the amount to be transferred, enables the user to select an account profile, facilitates biometric authentication by DNA scanning and connects bi-directionally to the online bank accounts.
The multi bank app also connects bi-directionally to the SSCT transceiver to facilitate a biometrically secure wireless connection between the smart phones and the online bank accounts. The digital user account profile comprising of user sort code, user account number and other user account details will reside on the multi bank app. Each user will create a user account profile for each of their bank accounts.
The multi bank app connects bi-directionally with the online bank accounts to facilitate a real time update of the account balance following a successful transfer of credit between paying and receiving smart phones.
Online Bank Accounts Online bank accounts will connect bi-directionally to the multi bank app. Online bank accounts will also connect bi-directionally to banking system servers. The online bank accounts connect bi-directionally to the multi bank app to ensure a real time transfer of credit from the relevant bank accounts to the multi bank app and through the SSCT transceiver to the receiving smart phone.
The online bank accounts also connect bi-directionally to the multi bank app to ensure a real time update of the account balance is made available on the multi bank app. The invention eliminates the need to log onto the online bank account for an account balance following a credit transfer between paying and receiving smart phones.
Banking System Servers Banking system servers connect bi-directionally with online bank accounts to ensure that the banks' internal information systems and databases reflect the real time account balance. The banking system servers also connect bi-directionally with the online bank accounts to ensure the real time account balance and updates are fed through to the multi bank apps.
Additionally, the various embodiments set forth herein are described in terms of exemplary block diagrams, flow charts and other illustrations. As will become apparent to one of ordinary skill in the art after reading this document, the illustrated embodiments and their various alternatives can be implemented without confinement to the illustrated examples or applications. For example, block diagrams and their accompanying description should not be construed as mandating a particular architecture, configuration or application.

Claims (1)

  1. Claims What is claimed is: 1. A method for the real time wireless transfer of credit from one smartphone to another, such credit transfer being biometrically authenticated (by DNA scanning) on both smartphones. A system for enabling the above method employing SSCT Transceivers (smartphone to smartphone credit transfer transceivers), multi bank apps, online bank accounts and banking system servers 2. An SSCT Transceiver on each smartphone which establishes the wireless connection for the credit transfer, such SSCT transceiver being biometrically authenticated by DNA scanning and connecting bi-directionally to the multi bank apps 3. A multi bank app on each smartphone which provides the interface for all types of bank accounts available, enables the user to select the amount to be transferred, enables the user to select an account profile, facilitates biometric authentication by DNA scanning and connects bi-directionally to the online bank accounts 4. Online bank accounts which connect bi-directionally to the multi bank apps to facilitate the real time transfer of credit from the bank account to the multi bank apps S. Banking system servers which connect bi-directionally to the online bank accounts to provide a real time update of the account balance and to update the bank's internal information systems 6. Software executable on a processor to facilitate the method of claim 1 7. Software executable on a processor to facilitate the system of claim 1 8. DNA scanning authenticated wireless connection between a pair of smartphones for implementing the method of claim 1 9. Digital account profile comprising the user sort code, user account number and user account details resident on the multi bank apps 10. DNA scanning authenticated wireless connection between a pair of smartphones for implementing the system of claim 1
GB2003375.9A 2020-03-09 2020-03-09 Close proximity smartphone to smartphone credit transfer Pending GB2592917A (en)

Priority Applications (1)

Application Number Priority Date Filing Date Title
GB2003375.9A GB2592917A (en) 2020-03-09 2020-03-09 Close proximity smartphone to smartphone credit transfer

Applications Claiming Priority (1)

Application Number Priority Date Filing Date Title
GB2003375.9A GB2592917A (en) 2020-03-09 2020-03-09 Close proximity smartphone to smartphone credit transfer

Publications (2)

Publication Number Publication Date
GB202003375D0 GB202003375D0 (en) 2020-04-22
GB2592917A true GB2592917A (en) 2021-09-15

Family

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Family Applications (1)

Application Number Title Priority Date Filing Date
GB2003375.9A Pending GB2592917A (en) 2020-03-09 2020-03-09 Close proximity smartphone to smartphone credit transfer

Country Status (1)

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GB (1) GB2592917A (en)

Citations (1)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
WO2010039337A2 (en) * 2008-09-30 2010-04-08 Apple Inc. Peer-to-peer financial transaction devices and methods

Patent Citations (1)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
WO2010039337A2 (en) * 2008-09-30 2010-04-08 Apple Inc. Peer-to-peer financial transaction devices and methods

Non-Patent Citations (3)

* Cited by examiner, † Cited by third party
Title
"About Apple Pay", available on or before 26.03.2019. Available on: https://support.apple.com/en-gb/HT201469 *
"PayPal Announces Phone-To-Phone NFC Payment Support For Android", available on or before 13.07.2011. Available from: https://techcrunch.com/2011/07/13/paypal-announces-phone-to-phone-nfc-payment-support-for-android *
"Voice, DNA, fingerprint and others: How 5 biometric security solutions compare", available on or before 18.03.2016. Available on: https://www.cbronline.com/cybersecurity/voice-dna-fingerprint-and-others-how-5-biometric-security-solutions-compare-4842316/ *

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Publication number Publication date
GB202003375D0 (en) 2020-04-22

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