KR20010086884A - Method for Accounts Transfering, Using Database which relates Telecommunication Numbers with Financial Accounts - Google Patents

Abstract

PURPOSE: A method for transferring account is provided to overcome many weak points of the existing account transfer and to offer a more safe and convenient payment method. CONSTITUTION: After making a purchase, a buyer accesses a Pay-Tel D/B using a communication device(1010). The buyer identifies a password as a legal user to proceed with a payment procedure with the currently connected telephone number(1020). In case that it is confirmed that the buyer is a legal user, the buyer inputs a seller's telephone number, an amount of payment and the password of his financial institute to the Pay-Tel D/B(1030). The Pay-Tel D/B outputs a payment breakdown so that the buyer can confirm it(1040). The buyer makes a confirmation for the payment breakdown(1050). The Pay-Tel D/B converts the telephone numbers of the buyer and the seller respectively into account numbers(1060).

Description

Method for Accounts Transfering, Using Database which relates Telecommunication Numbers with Financial Accounts}

The present invention addresses techniques related to account transfers between financial accounts.

Existing bank transfer methods include unpaid deposits made at bank counters and telebanking using telephones.

Unpaid deposits require physical travel time to the bank, waiting time at the counter and confirmation time.

Existing telebanking has a lot of information to input such as bank code, account code, secret code, partner's bank code, account code, payment amount, and credit payments which are not debit are not universal. Face-to-face direct commerce has the disadvantage of being more complex than other payment methods.

The present invention aims to provide a safer and more convenient payment method by securing the disadvantages of the existing payment means.

The present invention aims to overcome various shortcomings of the existing account transfer payment method and to provide a more secure and convenient payment method.

In terms of safety, the present invention does not deal with electronic money. Therefore, it does not cause problems due to counterfeit of electronic money. In addition, by using various security devices, only legitimate users can implement transactions to maintain security that is equivalent to existing telebanking.

In terms of convenience, the present invention is simple to operate the account transfer because the role of Pay-Tel D / B to enter the phone number instead of the account number and do not have to enter the phone number of the party making the payment. In addition, Pay-Tel D / B notifies the buyer and seller of the result of the transfer, so there is no confirmation process.

TB (Terminal of Buyer); Buyer's Communication Device

Financail Company of Buyer (FB); Buyer's Financial Institution

DB; PAY-TEL D / B

Financial Company of Sellers (FS); Merchant's Financial Institution

Terminal of Seller (TS); Seller's Communication Device

Pay-Tel D / B refers to a database that links telecommunication phone numbers to financial account numbers.

Buyer-Driven-Payment refers to a payment method when the purchaser mainly shares the role of inputting information required for payment, such as payment amount.

Seller-Driven-Payment (Seller-Driven-Payment) refers to a payment method when the seller mainly shares the role of inputting information required for payment, such as payment amount.

As stated in the summary, the payment process differs depending on who enters important information such as amount and requests payment by Pay-Tel D / B. However, this is only a matter of order, and its core processing principle is no different.

First, let's look at the case where the buyer mainly shares the role of information input. The process is as follows. This method is hereinafter called Buyer-Driven-Payment. [See Figure 1, Buyer Drive Payment Method]

After the purchase decision is made, the purchaser accesses Pay-Tel D / B using his communication device. At this time, Pay-Tel D / B can know the buyer's phone number through caller tracking.

[1020] The purchaser confirms by using a password or voice that he is a legitimate user who can proceed with the payment process using the current phone number.

[1030] If confirmed as a legal person, the buyer enters the seller's phone number and payment amount and his / her financial institution's password in Pay-Tel D / B.

[1040] Pay-Tel D / B prints the payment history to the buyer and requests confirmation.

[1050] The buyer confirms this request.

[1060] Pay-Tel D / B converts the phone numbers of buyers and sellers into account numbers of financial institutions, respectively.

Due to this process, both the buyer and seller can express their financial account numbers only with their own communication phone numbers. This has the effect of singularization of the input operation. In addition, there is an effect of inputting information about where to notify the object of notification, that is, payment intention. In addition, the use of relatively simple and meaningful telephone numbers, rather than complex and meaningless account information, can increase efficiency at various stages of economic activity. This is the core function of Pay-Tel D / B, which links phone numbers to financial accounts. The structure of this database has a structure in which a telephone number points to a financial account. This data structure is constructed by setting the relationship between two items in Pay-Tel D / B. [See FIG. 3]

In case of debit, the telephone number refers to the general bank account number.

In credit transactions, the phone number refers to the code corresponding to the card number of the card financial company.

[1070] Pay-Tel D / B sends an account number, password, seller's account number, and payment amount to the buyer's financial institution to request a bank transfer.

[1080] The buyer financial institution performs the transfer.

[1090] The financial institution on the buyer side informs Pay-Tel D / B of the result of the transfer.

[1100] Pay-Tel D / B notifies the purchaser of payment details when a wire transfer is made.

If the balance is insufficient or the card payment limit is exceeded, the buyer is notified of the result.

[1110] Pay-Tel D / B asks the financial institution of the seller for notification of the result of the transfer and, if the transfer is made, notifies the seller of the account transfer confirmation.

Secondly, the seller mainly shares information input and applies for payment by Pay-Tel D / B. This method is hereinafter referred to as Seller-Driven-Payment. [See Fig. 2 Merchant Driving Payment Method]

[2010] When the seller expresses his intention to purchase, the seller uses his communication device to access Pay-Tel D / B. At this time, Pay-Tel D / B can know the buyer's phone number.

[2020] The seller confirms after entering the buyer's phone number and payment amount. At this time, the phone number information may be input by reading the barcode recorded on the phone of the buyer.

[2030] Pay-Tel D / B connects to the buyer.

[2040] Pay-Tel D / B verifies whether the person linked to the buyer's number is a legitimate user who can proceed with the payment process.

If it is confirmed as a legal person, since the payment processing is the same from the process of [1040], the payment proceeds according to the process.

If Pay-Tel D / B is more extended, it can also serve a shortcut number. In other words, it is to be able to manage a deposit number that is frequently traded separately. This will save you the trouble of remembering and entering the phone number where you'll need to remit your account repeatedly.

The communication device of this payment method does not necessarily need to be a telephone. Faxes, PDAs, etc. have telephone numbers, and communication devices that can send and receive voice and text in both directions can all work the same.

The process of notifying the result of the payment can be through the Internet. This enables instant payments in electronic commerce.

The present invention has the following security process.

Initially, the buyer's communication device is itself a physical security role.

Secondly, the process of confirming that the communication device is a legitimate user plays a security role.

Thirdly, passwords of financial institutions play a security role.

If you pass two of the above security processes, you will not be able to make a legal payment without passing one.

Debit commerce is activated by enabling simple bank account transfers based on stronger security.

As buyers and sellers are immediately notified of the settlement results without the problem of information leakage such as credit cards, the reliability of commerce is increased, especially in long-distance commerce including electronic commerce.

If the payment method of the present invention is widely used to replace the credit card payment method, which is difficult to replace the current currency completely due to the point of purchase and payment, or the electronic wallet, which is difficult to track transactions after charging, is widely used. Would be able to impose taxes on general commerce, including e-commerce, in a systematic and reasonable way.

Claims (5)

How to apply for and verify your account transfer using your phone number instead of your account number using Pay-Tel D / B (Communication Phone Number-Financial Account Interworking Database). The method of claim 1, wherein caller tracking is used to enter caller's telephone number information and to confirm the validity of the payment applicant. The method of claim 1, wherein Pay-Tel D / B requests the seller's financial institution to confirm the payment and notifies the seller of the result. The method of claim 1, wherein a telephone number for applying for payment is entered through a barcode. The method as claimed in claim 1, wherein the extended function of Pay-Tel D / B allows a user to apply for an account transfer by receiving a shortcut number of a telephone number.