MY154480A - Fraud-free payment for internet purchases - Google Patents

Fraud-free payment for internet purchases

Info

Publication number
MY154480A
MY154480A MYPI20071640A MYPI20071640A MY154480A MY 154480 A MY154480 A MY 154480A MY PI20071640 A MYPI20071640 A MY PI20071640A MY PI20071640 A MYPI20071640 A MY PI20071640A MY 154480 A MY154480 A MY 154480A
Authority
MY
Malaysia
Prior art keywords
merchant
payment
customers
customer
bank
Prior art date
Application number
MYPI20071640A
Inventor
Choy Heng Kah
Original Assignee
Choy Heng Kah
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 Choy Heng Kah filed Critical Choy Heng Kah
Priority to MYPI20071640A priority Critical patent/MY154480A/en
Publication of MY154480A publication Critical patent/MY154480A/en

Links

Landscapes

  • Financial Or Insurance-Related Operations Such As Payment And Settlement (AREA)

Abstract

A simple, non-intrusive, fraud free payment system (1) and method for customers to make internet purchases without using credit cards or revealing personal information. Customers can purchase any specific dollar amount of pay codes via on-line purchase by logging into their financial institution and purchasing the codes, via phone banking (using mobile phone or fixed telephone line) or via Automated Teller Machine (ATM). There is no need for the customer to first open an account with the payment service. The easy and fast set-up of a secure payment gateway for website merchants to receive payments for their goods purchased at their websites (60, 62), eliminates the need of setting up a merchant account, chargeback and being penalized by banks for chargeback on sales. The amount due to the web merchant from the Internet transaction is credited directly into the merchant's bank account when the transaction and payment is approved by the customer's bank. Various communications links and processors facilitate the transactions. The invention is also directed to programmed computers for use by the customers, the merchant, the customer's bank and a pay code payment gateway system.
MYPI20071640A 2007-09-27 2007-09-27 Fraud-free payment for internet purchases MY154480A (en)

Priority Applications (1)

Application Number Priority Date Filing Date Title
MYPI20071640A MY154480A (en) 2007-09-27 2007-09-27 Fraud-free payment for internet purchases

Applications Claiming Priority (1)

Application Number Priority Date Filing Date Title
MYPI20071640A MY154480A (en) 2007-09-27 2007-09-27 Fraud-free payment for internet purchases

Publications (1)

Publication Number Publication Date
MY154480A true MY154480A (en) 2015-06-30

Family

ID=54150084

Family Applications (1)

Application Number Title Priority Date Filing Date
MYPI20071640A MY154480A (en) 2007-09-27 2007-09-27 Fraud-free payment for internet purchases

Country Status (1)

Country Link
MY (1) MY154480A (en)

Similar Documents

Publication Publication Date Title
WO2006117695A3 (en) Fraud-free payment for internet purchases
WO2006133140A3 (en) Payment system and method for on-line commerce operations
US7290704B1 (en) Method and system relating to a multi-lateral trade engine for payment transactions
US8447693B2 (en) Methods and systems for routing payment transactions
US10922671B2 (en) Systems, devices, and methods for managing a payment transaction
Yakean Advantages and Disadvantages of a Cashless System in Thailand during the COVID-19 Pandemic
US20130268431A1 (en) Systems, devices, and methods for managing a payment transaction
WO2006121541B1 (en) Automated rebate system and method
WO2004114168A8 (en) A system and method for facilitating on-line payment
MX2013014559A (en) A transaction reward system.
US20090164371A1 (en) Mobile Financial Transaction Method
US20090099947A1 (en) System and method for electronic funds payment
US20150186885A1 (en) Method and a system for facilitating credit based transactions
Sherman An introduction to mobile payments: market drivers, applications, and inhibitors
US20150025956A1 (en) Systems and Methods for Transaction Processing Using Various Value Types
Ozuru et al. The use of traditional payments and electronic payment systems in Nigeria: A discourse
Vijai Mobile wallet and its future in India
Vâlcu Brief Considerations on the “Behaviour” of Professional Traders and Consumers in the Context of the Shift from Brick-And-Mortar to E-commerce. Union and Transposition Regulations
US8799089B1 (en) Virtual payment system for the physical world
Jimoh Effect of electronic banking on the profitability of deposit money banks in Nigeria
AGABONIFO et al. An Assessment of the Role of ICT in the Readiness of Nigerian Bank Customers for the Introduction of Cashless Transactions.
Hilili Overview of electronic payment systems in Nigeria: Strategic and technical issues.
Stankic et al. Digital transformation trends in payment systems
Udhayaraj et al. A Study on Electronic Payment System-E-Wallet
MY154480A (en) Fraud-free payment for internet purchases