KR20010000962A - Online Escrow Payment System and its Operating Methods through Bank Account Transfer for B2B e-Commerce - Google Patents

Abstract

PURPOSE: An online investment payment system of a bank account remittance in B2B EC(electronic commerce) and the method for operating the system, are provided to increase the reliability and the stability of the EC, by guaranteeing the delivery of a product and the payment for the product to the persons concerned with the EC. CONSTITUTION: A payment agent bank(10) is connected to allied banks(20,30,40) and an allied web site(50) via a network. The bank(10) establishes trust accounts(10a,10b,10c), and connects them real transaction accounts(20,30,40). The information of a seller(60), a buyer(60) and a service provider(80), included in a server for the allied web site(50), is supplied to the server for the bank(10), and thereby used for setting the trust accounts(10a,10b,10c). The signal transmission for the payment of products is possible only via the online network between the bank(10) and the allied web site(50).

Description

Online Escrow Payment System and its Operating Methods through Bank Account Transfer for B2B e-Commerce}

Conventional payment method of electronic commerce between companies is generally made in the following two forms. The first method is to pay outside the e-commerce network, and the second method is to pay with a credit or purchase card on an affiliate site.

The payment method outside the e-commerce network means that the commerce is performed on the affiliated site and the payment is made offline by the draft or non-bank account. In particular, bill payment methods have been used most frequently in Korea. This method is a payment method in which the seller knows the buyer's credit status and the seller accepts the payment terms at his own risk. This billing method cannot be adopted in electronic commerce that does not know the credit status of the buyer.

The payment method by credit card and purchase card on the affiliated site is frequently used when the product price is mainly small. Purchase card is a kind of corporate card, which has the advantage of simplifying the complex micro-purchasing business, but it is limited to the purchase of general small consumables or office supplies due to constraints such as corporate credit limit, number of transactions and restriction of merchants. .

The problem with the conventional payment method is that the first payment is required before delivery of goods. When the transaction is completed, the seller requires the buyer to pay online or offline before the delivery of the goods. Buyer will always be at a disadvantage in the exchange of goods, returns and refunds if the goods received after payment differ from the specifications presented online, or if they are defective or damaged in transit. Second, a small amount can be paid on the e-commerce site, but a large amount cannot be paid on the e-commerce site. Since e-commerce between companies is large, payments cannot be made with a small credit or purchase card. The same holds true for e-commerce of high value goods between businesses and individuals (B2C) and between individuals and individuals (C2C). Nevertheless, most e-commerce sites fail to provide e-commerce parties with institutional mechanisms for reliable and efficient delivery of goods and payment guarantees.

The most important of the terms of trade is delivery of goods and payment. These two conditions are correlated with each other. These two conditions are becoming more important when it comes to electronic commerce between companies that do not know each other's credit status and have to make high value transactions. The seller does not attempt to deliver the goods without guaranteeing that the payment can be securely received, whereas the buyer does not attempt to prepay the purchase without guaranteeing that the goods can be safely taken over. This problem is one of the biggest obstacles to the development of e-commerce.

The present invention solves this problem and provides an institutional apparatus that guarantees a safe and secure delivery of goods and payments to buyers and sellers. If the terms of the agreement are agreed between the seller and the buyer, the online trust payment system transfers the purchase price from the affiliate bank's buyer account to the escrow bank's buyer trust account based on the electronic signal of the affiliated site. The affiliated site instructs the seller to deliver the goods, and the online trust payment system transfers the purchase price from the escrow bank's buyer trust account to the seller's account of the affiliated bank through the seller's trust account. .

E-commerce is not activated even though it is a new commerce technique that can overcome the constraints of time and space, maximize the efficiency of commerce, and enhance the competitiveness by dramatically reducing transaction costs. Currently, most electronic commerce between companies is in the process of getting information or negotiating terms and conditions through the site. This is because related services such as quality assurance, transportation and payment, which are essential for electronic commerce, are not provided satisfactorily online.

The present invention allows all activities related to commerce to be carried out online on an affiliated site, thereby maximizing the efficiency of electronic commerce between companies and minimizing transaction costs, thereby enhancing the competitiveness of the company. Escrow Bank establishes a network with affiliated banks and affiliated sites to conduct all transactions for commerce such as acquiring product information, negotiating terms of trade, delivery of goods, and payment in real time by electronic signals indicated by the online trust payment system on the online network. To lose.

The offline billing method cannot be adopted in electronic commerce. The buyer does not have to go bankrupt because he has to make purchases within the cash balance. However, this may be fatal to the company's management due to problems with the purchase of necessary goods for companies that are familiar with the paper system and lack cash flow. Therefore, affiliated banks can assign credit limits to customers according to their credit ratings according to their own regulations. As a result, even a buyer who does not have sufficient cash balance in the current bank account can make a normal purchase within the credit limit provided by the partner bank, and the seller can sell the product without knowing the credit status of the buyer. Payments within the credit limit are secured because the affiliate bank is responsible for payment of the purchase price transferred to the escrow bank's buyer trust account, regardless of the buyer's credit. The credit limit provided by affiliated banks acts as an electronic bill that replaces the offline billing system, thereby activating credit-based e-commerce and minimizing the billing cost.

Escrow Bank assists traders by providing their trading partners with information about their transactions, deposit plans and results, payment plans and results, and delivery of goods through their respective trust accounts. Payments made to the escrow bank's buyer trust account may be transferred to the partner bank account only through escrow banks in the escrow bank of the trading partners, who have been previously set up as payment keys by electronic signals transmitted from the affiliate site. . In the case of reverse commerce, such as the termination, return or refund of contracts, Escrow Bank shall carry out electronic signals transmitted on the affiliated sites in accordance with the terms and conditions agreed upon by the trading partners.

Figure 1 shows that the settlement agency financial institution ('Escrow Bank'), which operates the online trust payment system, is connected to other financial institutions ('affiliate banks') and inter-business (B2B) e-commerce sites ('affiliate sites') Block diagram constituting the network

2 is a process of registering an e-commerce site user as a user of an online trust payment system on an affiliate site.

3 is a procedure for the online trust payment system to direct and confirm the transfer of funds to the escrow bank's buyer trust account, to instruct and confirm the delivery of goods to sellers and service providers, and to transfer and confirm the payment to the seller and service provider accounts of partner banks. .

In order to achieve the above object, the present invention provides the steps of: (1) Escrow Bank establishes an online network with various affiliated banks and affiliated sites, and the affiliated site user joins as an online trust payment system user on the affiliated site; The trust payment system consists of the steps of delivering the goods and making payments and providing the transaction information to the users according to the terms and conditions agreed between the users.

Referring to the step-by-step embodiment of the online trust payment system according to the present invention in detail as follows.

1 shows that the escrow bank 10 forms an online network with affiliated banks 20, 30, 40 and affiliated sites 50. The escrow bank 10 first establishes an online network in which interbank bank transfers can be made between affiliated banks 20, 30 and 40 in real time, and then trust accounts of sellers, buyers and service providers in escrow banks (10a, 10b and 10c). Set and connect it with the actual trading account (20, 30, 40) of the seller, buyer, service provider of the affiliate bank. The trust accounts of sellers, buyers, and service providers each have a debit and a credit.The credit of the buyer's trust account is the buyer's account of the affiliate bank, and the debit of the buyer's trust account is the credit of the seller's and service provider's trust accounts. The debit of the seller's and service provider's trust accounts is linked to the merchant's and service provider's accounts. The escrow bank then forms an alliance with an affiliate site 50 that wants to use the online trust payment system and connects the server. The escrow bank 10 assigns a unique number and an e-commerce serial number recognizable by the network for each affiliate site. The information of the seller 60, the buyer 70, and the service provider 80, which are built on the server of the affiliate site 50, is connected to the server of the escrow bank to set up the trust accounts of the seller, buyer, and service provider 10a, 10b. , 10c). If the company has an internal payment system for payment, it also connects to this system. Signaling for payment is possible only through an online network between Escrow Bank 10 and its affiliate site 50.

2 illustrates a procedure for registering an affiliated site user as an online trust payment system user. The user of the affiliated site inputs information necessary for subscribing (S02) on the screen provided by the affiliated site (S01). Since the company's information is already provided in the commerce system as an affiliated site user, enter the information (corporate ID and password for trust account, contact person ID and password) required for bank account transfer in accordance with Escrow Bank's regulations. The escrow bank establishes a customer-specific database (S04) and inquires the customer's credit to the partner bank (S05). The partner bank confirms the customer's credit (S06) and notifies escrow bank (S07). Escrow Bank notified of the results of the credit inquiry will assign an escrow bank trust account number to customers who do not have credit problems, and notify the applicant and affiliate banks through affiliate sites and e-mail (09). Applicants who are notified of credit failures from affiliated banks are notified of refusal to register (S08). The affiliated site establishes a customer database for online payment on the server (S10).

3 illustrates a procedure in which payment is made online after the terms of the transaction are agreed between the seller and the buyer. If the terms of the transaction are agreed (P01), the buyer opens the payment screen on the affiliated site, enters an escrow bank trust account number, ID and password, and requests payment for each transaction number (P02).

When the payment request signal is sent from the affiliate site, Escrow Bank recognizes the trader's ID and password, establishes a database of transaction details and payment terms in the seller's and buyer's trust accounts (P03), and transfers the funds to the buyer's affiliate bank. Instruction (P04). The affiliated bank recognizes the buyer's ID and password and checks the account balance (P05). If the ID and password match and there is a balance, the bank transfers from the buyer account of the partner bank to the escrow bank buyer's trust account according to the rules prescribed by escrow bank (P08). When the transfer is made, Escrow Bank notifies the partner site after depositing the debit and credit of the trust account of each trading party (P09). The affiliate site notifies the trading partners in real time of the deposit via the affiliate site and e-mail (P10). If bank transfer is not possible from the buyer's affiliate bank, the affiliate bank will notify the escrow bank and the escrow bank will notify the affiliate site (P06). This process takes place simultaneously in real time, and the trading party notified that online payment is not possible should modify the terms of the transaction.

Once the deposit is confirmed in the escrow bank's buyer trust account, the affiliate site directs the seller and the carrier to deliver and transport the goods (P11) and informs the buyer about the transport. The transport service provider delivers the goods safely and enters the information into the affiliate site (P12).

After confirming the delivery of the product (P13), the affiliated site instructs Escrow Bank to make a payment (P14). Escrow Bank transfers the settlement payments on the credit and debit side of the buyer and seller trust accounts. At the same time, the fees to be paid to service providers, affiliated sites, and escrow banks are transferred to partner bank accounts through their respective trust accounts in escrow banks (P15) and the results are notified to affiliated sites and affiliated banks (P16).

The affiliate site notifies the trading partners in real time through the site and e-mail and confirms the completion of the transaction (P17). The e-commerce site confirming the completion of the transaction from the trading partners in accordance with the transaction agreement completes the transaction by building information in the customer database (P18).

The online trust payment system improves the reliability and safety of electronic commerce by systematically guaranteeing a reliable and safe delivery of goods and payments to all e-commerce parties. There are cases where a payment guarantee system is put in place to charge payments to third parties offline and payments are made after the contract terms have been fulfilled. However, there are no systemic implementations online for electronic commerce. Under the terms of e-commerce, the buyer has the right to request the delivery of the purchased product to the seller by depositing the purchase price in his or her own trust account of the escrow bank, and the purchase price is transferred to the seller until the purchased product is delivered safely. Rest assured that safety devices are not paid. It also has the advantage of safety devices that may refuse to take over goods if they are different, defective, damaged or lost in transit. On the contrary, the seller may deliver the goods to the buyer after confirming that the payout has been deposited in the escrow bank's buyer trust account.

The present invention can maximize the commerce efficiency by using the online trust payment system on the e-commerce site, not offline, and can also minimize the payment cost for payment through bank account transfer. In addition, this online trust payment system provides an online system to various service providers involved in electronic commerce to save time and money, thereby maximizing profits for all affiliate site operators, commerce parties, and service providers.

In addition, this online trust payment system is a database of transaction information such as commerce site, transaction serial number, trading party, transaction product, deposit plan and results, payment plan and results for all e-commerce transactions that users have made using various affiliate sites. By providing it in real time, users can't purchase in order to reach a state where payment is impossible. This will allow the system to help buyers develop a reasonable and transparent purchasing plan that meets their ability to pay.

Claims (3)

Escrow Bank establishes an online network through the Internet with affiliated banks and affiliated sites to establish a user trust account of the affiliated site in the Escrow Bank, and connects and recognizes the user's real trading account of the affiliated bank. An online trust payment system using a bank account transfer method for efficient inter-corporate electronic commerce, characterized in that the product delivery and payment are made electronically on the online network from the point of time. The method of claim 1, wherein the escrow bank establishes an online network through affiliated banks and affiliated sites and establishes a user trust account of the affiliated site in the escrow bank, and connects and recognizes the user's real transaction account of the affiliated bank. In other words, Escrow Bank establishes a user trust account of an affiliated site in Escrow Bank and links it to a user's real trading account of an affiliate bank.Escrow Bank's trust accounts all have credit (DEBIT) and credit (CREDIT) and buyer's credit The bank's buyer account and debit of the buyer's trust account are credited to the seller's and service provider's trust accounts, and the seller's and service provider's debit accounts are linked to the partner bank's seller and service provider's transaction account, respectively. The ID and password for using the trust account in Escrow Bank are the same as those used in the e-commerce site. The ID and password for the interbank transfer are the same as those used for the real trading account of the affiliate bank. Access to escrow bank trust accounts on the bank and transfer payments from various affiliated banks with which the buyer transacts. According to claim 1, when the transaction is concluded on the affiliated site and the buyer requests the payment to Escrow Bank, only the information necessary for payment is transferred to the server of the Escrow Bank, and the online trust payment system goes through the identification process of the transaction party. In accordance with the terms of the transaction, the transfer payment of the payment, the debit and debit of the trust account of the trading party, the transfer site notification to the affiliate site, the delivery guidance of the affiliate site and the confirmation of the delivery of the product, the trust payment system received the notification Complete the transfer of the amount already indicated in the credit and debit of the account, and provide the user with information such as the e-commerce site, date, transaction party, transaction history, deposit plan and performance, payment plan and performance Way.