MY154480A - Fraud-free payment for internet purchases - Google Patents
Fraud-free payment for internet purchasesInfo
- 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
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.
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) |
-
2007
- 2007-09-27 MY MYPI20071640A patent/MY154480A/en unknown
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