KR20120006200A

KR20120006200A - A method and device to reduce the cost and time for international fund transfer and withdrawal

Info

Publication number: KR20120006200A
Application number: KR1020100066809A
Authority: KR
Inventors: 조현준
Original assignee: 조현준
Priority date: 2010-07-12
Filing date: 2010-07-12
Publication date: 2012-01-18

Abstract

PURPOSE: An apparatus and method for reducing international remittance and withdrawal necessary expense are provided to withdraw money in an ATM through a domestic card in case a module is not installed in the ATM of oversea. CONSTITUTION: More than one domestic currency display account is registered in the account management DB of a bank system. A virtual current account is written in virtual account management DB. One or more international currency display virtual account is matched with the specific international currency display account in the virtual account management DB. One or more international currency is matched with the specific international currency virtual account.

Description

A method and device to reduce the cost and time for international fund transfer and withdrawal}

The present invention relates to an apparatus and a method for reducing international remittance and withdrawal costs and time.

When overseas workers transfer their income to their home country, they go to their bank (remittance bank) and apply for remittance by designating an account (receipt account) opened in their home bank (recipient bank). In this case, the remittance bank prepares a specified remittance letter and transmits the remittance letter to the overseas recipient bank, which is the mother bank of the worker, through a specialized relay agency, and the receiving bank periodically checks the received letter. Deposit to This approach is expensive when the full text of the transaction must be completed, and the beneficiary bank is not the respondent bank of the remittance bank, and must be financed by another bank (inconvenience A1), There is a tendency to batch process every time, and the working hours tend to be different, resulting in a long time difference between remittance and deposit. (Convenience A2)

If overseas workers or travelers wish to withdraw or remit local currency using a cash or credit card issued in their home country, they must use an internationally recognized ATM at a local location. However, internationally recognized ATMs have to be equipped with a security module designed specifically for security between ATM and international network (visa, master, etc.) system, which is expensive. (Convenience B1). In addition, it is difficult to find an ATM that can withdraw cash because it is difficult to use with existing ATMs that are not equipped with a security module. (Convenience B2)

The present invention is to improve the inconvenience A1, inconvenience A2, inconvenience B1, and inconvenience B2 at the same time by using the international payment server, virtual account and OTP.

When a mother bank opens a real account and a virtual account in a working bank that is a correspondent bank, a local currency labeled working bank account and an international currency (e.g. USD) working bank account is listed in the account management DB of the working bank system. In the virtual account management DB of the banking system, a plurality of mother country open working bank virtual accounts matched with the actual currency of the local currency marked working bank's bank and a plurality of mother country open working bank virtual accounts matched with a real account of the international currency displaying working bank. Accounts are listed, and matching one or more of the local currency opening home office bank virtual accounts to a specific international currency display home office banking virtual account. At this stage, if the local currency is an international currency, only the working bank real account and the home office working bank virtual accounts may be registered without distinguishing between the local currency mark and the international currency mark.

In Example 1, when the foreign workers remitted their earned income to their home countries, the bank's remittance costs were lowered, enabling remittance services at a lower fee (improvement of inconvenience A1), and the system of the home bank was transferred to the foreign bank. If you shorten the inquiry period for your own virtual account (home bank office virtual account), it will be shorter between the time of remittance and the time of depositing your home account. (Improve discomfort A2)

In Embodiment 2, even if an internationally recognized module is not installed in an overseas ATM, an overseas worker or an overseas traveler can be withdrawn from the ATM with a card issued in his / her country, thereby reducing the cost of the module. (Improve discomfort B1) In addition, a card issued by a foreign worker or an overseas traveler from his / her home country allows local currency to be withdrawn from ATMs equipped with internationally recognized security lines, as well as from ATMs in other countries. Call withdrawal becomes convenient. (Improve discomfort B2).

Definition of term

Foreign workers: those who work outside their home country

Home Bank: A bank where foreign workers open accounts in their home countries.

Home bank system: Includes one or more of the home bank's systems, account management and remittance / collection collection.

Home Bank Accounts: Accounts for foreign workers in the home bank

Working Bank: A bank operating in an area where foreign workers are working or where foreign travelers are staying.

Working Bank System: The working bank system. It includes one or more of the account management department and the remittance / collection collection.

Working Bank Real Account: Account in the name of the mother bank opened in the working bank

Home bank opening virtual account: A virtual account owned by the home bank opened in the working bank.

World Card: A card matched with a bank account, credit card account, prepaid card account, etc., which can be used to withdraw cash in exchange for payment by deducting the balance from the matched account when read at an ATM. It can be mounted on a variety of media such as plastic plates and mobile phones, and can interface with ATM in various ways, such as by using a stripe swipe, NFC chip short range display, and IC chip contact.

(World Card) Presentation: The act of reading a World Card to an ATM. Examples include swiping of the magnetic stripe, part of the world card, NFC chip near field presentation, and contact of the IC chip.

World Card ID: ID of the World Card. The card number is one embodiment. A separate ID matched with a card number is another embodiment. One time card ID generated by substituting a card number and a time value is another embodiment.

Issuer ID: ID of the organization that issued the World Card.

OTP: Foreign Worker in One Time Pass rd. Password that changes with time of use. OTP varies depending on the use, but the agency that issued the OTP medium can authenticate the presented OTP by matching it with a specific OTP medium.

OTP Generator: The module that generates OTP. It may be mounted on a dedicated medium or may be mounted on a plastic card or mobile phone for a purpose other than OTP.

Working Bank ATM: An ATM that is linked to the working banking system and can withdraw cash using a World Card issued by the working banking system. It is not limited to ATM which is accepted internationally.

Withdrawal of money: The concept encompassing cash withdrawals and transfers.

Example 1

A foreign worker who is scheduled to work abroad opens an account in the bank 1 of the home country (mother bank) and registers the mother bank real account in the account management DB of the bank system (mother bank system);

The mother bank system matches one of a plurality of overseas local currency indication mother bank opening accounts in the home bank and a working bank bank account opened in the home bank, and registers them in the account management DB. Outputting an ID (eg, an account number) and presenting it to a foreign worker;

In order to deposit some of the income earned by foreign workers leaving the country and working in the working area, the bank visits the branch office of the working bank, which is the correspondent bank of the home bank, and opens the branch bank at the working bank. Enter the ID of the virtual account (domestic opening business bank virtual account) and the local currency indication amount of the virtual account granted to him, and fill out the application for the depositless payment and submit the application, the deposit amount and the predetermined fee to the sales counter. If you submit,

Inputting the ID and the deposit amount of the virtual account (the opening office of the home office bank virtual account) into a sales window terminal (A deposit step); And

In order to deposit some of the income earned by foreign workers leaving the country and working in the working area to their home bank accounts opened in the home bank of their home country, they may use internet banking or ATM to transfer their home bank accounts to their local bank accounts. It includes the step of the transfer operation to the virtual account (own bank opening working bank virtual account) granted to one of the virtual accounts of the mother country bank opened in the working bank which is a correspondent bank (B deposit step).

In this case, the A deposit step and the B deposit step may be selectively included in only one of the two steps, both of which is a passbook deposit using the local online network, the real-time deposit is usually possible, and the cost is also low.

In accordance with the deposit A or deposit B, the deposit of the local currency display home office opening bank virtual account account in the account management system of the working bank system (local currency deposit registration step); And

According to the deposit registration, the withdrawal process is registered in the local currency display working country bank virtual account as much as the deposit amount of the local currency display working country bank virtual account in the account management system of the working bank system, and the predetermined amount is specified in the withdrawal amount. Depositing the international currency indication amount calculated by applying the exchange rate to the local currency indication working bank bank virtual account matched with the local currency indication working bank bank virtual account (international currency exchange registration step); . At this time, if the local currency coincides with the international currency, the international currency exchange step may be omitted.

It includes the step of inquiring the deposit history of each of the international currency-marking working branch bank virtual accounts by the home bank system periodically or aperiodically connected to the Internet banking or other inquiry network provided by the working bank system. At this time, the step of downloading the inquiry deposit history: may further include.

From the deposit details, the mother bank system selects the deposit details except the deposit contents which have been recently registered in the account management system, and deducts a predetermined fee for the selected deposit contents. It may further include the step of adding to the account balance of the home account bank real account matched to the existing home office opening bank virtual account.

Example 2

Prior to the departure of a specific person (foreign worker) who is planning to stay abroad for work, travel, or study, he opens an account at Bank 1 (the home bank) in his home country and goes to the account management DB of the Bank 1 system (home bank system). It includes the step of listing the home currency display account (domestic bank real account) owned by a specific customer (foreign workers). In the present embodiment, the opening of a bank account is exemplified, but a foreign worker may open a card account at a card company, and the present invention includes all cases of opening an account for storing a cash value of a mother's currency in a specific institution, including the above cases. Include.

In response to an application of a foreign worker, by the account management system of the home bank system, matching a specific card (world card) and a specific OTP generator to the home currency display account;

The foreign workers who have received the matched world card and OTP generator are sent to the ATM (Working Bank ATM), which is linked with the system of the Bank 2 (Working Bank), which is in operation overseas after departure, and online. Presenting the card;

Reading an ID (eg, a card number) of a world card from the world card presented by the working bank ATM;

When the foreign worker selects a cash withdrawal menu in the working bank ATM, a 'withdrawal amount input guide message' is output to the output of the working bank ATM, and the foreign worker inputs the local currency withdrawal application amount according to the guide. In this case, instead of this step, the foreign worker selects the account transfer menu instead of the cash withdrawal menu in the working bank ATM, and the 'transfer amount input message' is output to the output of the working bank ATM. Inputting a transfer request amount; may be included.

A 'password input guide message' is output to the output of the working bank ATM, and the foreign worker generates the OTP using the OTP generation line provided from the mother bank according to the guidance;

And a foreign worker inputting the generated OTP to the foreign worker ATM. In this case, when the number of OTP digits is larger than the password input digits of the working bank ATM, the OTP digits may be input except a part of the number of OTP digits in a predetermined manner. (For example, if the number of OTP digits is 6 digits and the password entry digits of the work bank ATM are 4 digits, only the first 4 digits of the OTP can be entered.) In addition, if the OTP digits are smaller than the password input digits of the work bank ATM, The remaining digits may be filled in addition to the OTP in a predetermined manner. (For example, if the number of OTP digits is 4 digits and the password input digits of the working bank ATM are 6 digits, you can enter '0' in the last 2 digits of the password.)

And transmitting, to the working banking system, a predetermined bank withdrawal application for approval including the 'readed World Card ID' and the input 'local currency fund withdrawal amount' and 'OTP'. In this case, the full text may be encrypted in a 'decryptable manner', but the present invention is not limited to the case of encrypting as described above. OTP, which is essential information, may be exposed to change with each withdrawal of funds.

ID of the institution that issued the World Card from the ID of the World Card included in the document for application for withdrawal of funds received from the working bank ATM by the system of the Bank 2 (Working Bank) operating overseas Extracting;

The working bank system adds a 'World Card ID' extracted from the fund withdrawal approval application text, and a sum of a predetermined fee to the money withdrawal application amount extracted from the fund withdrawal approval application text (fund withdrawal application amount 2) and the funds. And creating a predetermined withdrawal approval application text including the OTP 'extracted from the withdrawal approval application text and transmitting it to the institution system matching the issuer ID, that is, the home bank system. In this case, the working branch bank system may directly transmit the money withdrawal application for approval to the home bank system, or may be transmitted through a predetermined relay system.

Receiving the fund withdrawal approval application text from the home bank system, and verifying (first verifying) the OTP included in the text;

In the mother bank system, an account in which the sum of the amount of the withdrawal application fee 2 included in the preamble application for the withdrawal of funds is added to the ID of the World Card included in the preamble. Verifying whether the withdrawal amount of the bank real account) is within a second amount;

When it is determined that the OTP matches the ID of the World Card in the first verification, and is within the available amount of the withdrawal amount of the account (the home bank account) matching the ID of the World Card in the second verification,

The mother bank system transmits a predetermined approval message to the foreign bank 2 system (working branch bank system) as a reply that matches the money withdrawal approval application text. At this time, the transmission of the approval message may be made directly between the home bank system and the working bank system, or may be made by relaying a predetermined relay system between both systems.

Receiving, by the working banking system, the approval reply message, and transmitting a predetermined money withdrawal approval message to the working bank ATM; And

The office bank ATM further proceeds with the cash payment or transfer process for the local currency withdrawal after receiving the full text.

Claims

Listing at least one domestic currency display account and at least one specific international currency display account as an account of a 'specific institution operating abroad' in an account management DB of a banking system;
Listing at least one domestic currency display virtual account matched with a domestic currency display account of the specific institution in the virtual account management DB of the banking system;
Listing at least one international currency display virtual account matched with a specific international currency display account of the specific institution in the virtual account management DB;
And in the virtual account management database, at least one domestic currency presentation virtual account of the specific organization is matched with a specific international currency presentation virtual account of the specific organization.

The method of claim 1,
And depositing a predetermined deposit of at least one of the virtual accounts of the specific institution listed in the virtual account management DB.

The method of claim 2,
The deposited virtual account is a domestic currency display virtual account,
The virtual currency management DB registers the withdrawal from the domestic currency display virtual account as much as the amount of money deposited in the domestic currency display virtual account, and displays the international currency display amount calculated by applying a predetermined exchange rate to the withdrawal amount. And depositing a specific international currency denominated virtual account matched to the virtual account.

The method according to claim 2 or 3,
And performing a predetermined inquiry authority authentication for a predetermined inquiry application for the deposit registered virtual account.

Registering an account owned by a specific customer in the account management DB of the bank 1 system;
In the account management DB of the bank 1 system, 'The customer owned the account' and 'Specific virtual account owned by the bank 1 opened in a foreign material specific bank (bank 2)' is matched and the matching relationship is stored; How to.

The method of claim 5,
Outputting, by a bank 1 system, an ID of 'the specific virtual account owned by the bank 1 opened in the foreign material bank 2' matched to the account owned by the specific customer in a predetermined manner that the specific customer can recognize; How to include more.

The method according to claim 5 or 6,
The bank 1 system accesses the bank 2 system in a predetermined automated manner to view or download one or more 'deposit history of the bank 1 owned virtual account'.

The method of claim 7, wherein
The bank 1 system extracts deposit details that have not yet been reflected from the deposit details of the bank 1-owned virtual account opened in the bank 2, which the bank 1 system inquires or downloads, and collects a predetermined fee from each deposit amount of the deposit details. Adding the deducted amount to the cash balance of a 'customer-owned account listed in the account management DB of the bank1 system' matching the 'virtual account owned by the bank1 opened in the bank2'; Way.

Registering an account owned by a specific customer in the account management DB of the bank 1 system;
In the account management DB of the system, matching the 'owner's own account', 'ID of a specific card' and 'ID of a specific OTP generator' and storing the matching relationship;
The bank 1 system includes a predetermined amount including the 'ID of the specific card' and the 'local currency amount to be paid by ATM' and 'OTP' from the system of a specific overseas bank (bank 2). Receiving a full application for approval of withdrawal of funds;
Verifying, by the bank 1 system, that the OTP included in the full text is an OTP matching the 'ID of a specific card' included in the full text (first verification);

10. The method of claim 9,
Wherein the (first verification),
Querying, by the bank 1 system, an OTP generator ID matched with an ID of a specific card included in the preamble in its account management DB;
Calculating an OTP that can be generated from the inquired OTP generator ID and comparing the calculated OTP with an OTP included in the full text.

10. The method of claim 9,
Wherein the (first verification),
Querying, by the bank 1 system, an OTP generator ID matched with an ID of a specific card included in the preamble in its account management DB;
Transmitting the inquired OTP generator ID to an OTP authentication system;
Receiving an authentication result of the OTP as a reply to the transmission from the OTP authentication system.

10. The method of claim 9,
The Bank 1 system adds a predetermined fee to the local currency amount to be paid by ATM, which is included in the preamble, and adds a predetermined fee to be received by Bank 1. Verifying (ie, verifying) whether the amount within the allowable amount of the 'owned by the customer' matches the ID ';
In the first verification of claim 9, it is determined as 'OTP matching the ID of the specific card', and in the second verification, it is determined to be within the withdrawable amount of the 'owned account of the customer' that matches the 'ID of the specific card'. If it is,
And transmitting, by the bank 1 system, a predetermined approval message to the system of the foreign bank 2 as a reply that matches the money withdrawal approval application message.

Receiving, by the system of the foreign bank 2, a predetermined payment request message including an 'ID of a specific card', 'amount to be paid by ATM' and 'OTP' from a foreign ATM;
Reading, by the system of the foreign bank 2, the ID of the institution that issued the specific card from the ID of the specific card;
The system of the overseas bank 2 indicates the specific card withdrawal application for a predetermined withdrawal approval application including the 'ID of the specific card' and 'the amount to be paid by ATM,' and 'OTP'. Transmitting to an institution system matching 'ID' of the issuing institution.

The method of claim 13,
Receiving, by the system of the foreign bank 2, an approval reply message matching the money withdrawal application;
And sending, by the system of the foreign bank 2, a predetermined approval message as a reply to the payment request message to the foreign specific ATM.