SG10201609847PA - System And Method For Processing Payment - Google Patents

System And Method For Processing Payment

Info

Publication number
SG10201609847PA
SG10201609847PA SG10201609847PA SG10201609847PA SG10201609847PA SG 10201609847P A SG10201609847P A SG 10201609847PA SG 10201609847P A SG10201609847P A SG 10201609847PA SG 10201609847P A SG10201609847P A SG 10201609847PA SG 10201609847P A SG10201609847P A SG 10201609847PA
Authority
SG
Singapore
Prior art keywords
account
fund
payment
characters
account number
Prior art date
Application number
SG10201609847PA
Inventor
Navneet Jain
Arunmurthy Gurunathan
Original Assignee
Mastercard International Inc
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 Mastercard International Inc filed Critical Mastercard International Inc
Priority to SG10201609847PA priority Critical patent/SG10201609847PA/en
Priority to US15/795,483 priority patent/US20180144323A1/en
Publication of SG10201609847PA publication Critical patent/SG10201609847PA/en

Links

Classifications

    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/08—Payment architectures
    • G06Q20/20—Point-of-sale [POS] network systems
    • G06Q20/202—Interconnection or interaction of plural electronic cash registers [ECR] or to host computer, e.g. network details, transfer of information from host to ECR or from ECR to ECR
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/08—Payment architectures
    • G06Q20/20—Point-of-sale [POS] network systems
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06F—ELECTRIC DIGITAL DATA PROCESSING
    • G06F16/00—Information retrieval; Database structures therefor; File system structures therefor
    • G06F16/90—Details of database functions independent of the retrieved data types
    • G06F16/95—Retrieval from the web
    • G06F16/951—Indexing; Web crawling techniques
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/08—Payment architectures
    • G06Q20/10—Payment architectures specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/38—Payment protocols; Details thereof
    • G06Q20/385—Payment protocols; Details thereof using an alias or single-use codes
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/38—Payment protocols; Details thereof
    • G06Q20/40—Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
    • G06Q20/401—Transaction verification
    • G06Q20/4012—Verifying personal identification numbers [PIN]
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/38—Payment protocols; Details thereof
    • G06Q20/40—Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
    • G06Q20/405—Establishing or using transaction specific rules
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/38—Payment protocols; Details thereof
    • G06Q20/40—Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
    • G06Q20/401—Transaction verification
    • G06Q20/4014—Identity check for transactions

Landscapes

  • Business, Economics & Management (AREA)
  • Accounting & Taxation (AREA)
  • Engineering & Computer Science (AREA)
  • Finance (AREA)
  • Theoretical Computer Science (AREA)
  • General Physics & Mathematics (AREA)
  • Physics & Mathematics (AREA)
  • General Business, Economics & Management (AREA)
  • Strategic Management (AREA)
  • Development Economics (AREA)
  • Economics (AREA)
  • Computer Security & Cryptography (AREA)
  • Databases & Information Systems (AREA)
  • Data Mining & Analysis (AREA)
  • General Engineering & Computer Science (AREA)
  • Financial Or Insurance-Related Operations Such As Payment And Settlement (AREA)
  • Cash Registers Or Receiving Machines (AREA)

Abstract

SYSTEM AND METHOD FOR PROCESSING PAYMENT A system for processing payment, comprising: a processor module in communication with a point-of-sale (POS) terminal and a payment module, wherein the processor module is configured to: (i) receive, from the POS terminal: a first set of characters that is a proxy for a first account number associated with a fund recipient's account; a second set of characters that is a proxy for a second account number associated with a fund sender's account; and an amount of funds requested by the fund recipient from the fund sender for payment; (ii) convert: the first set of characters into the first account number; the second set of characters into the second account number; and (iii) transmit, to the payment module: the first and second account numbers; and an instruction to deduct the amount of funds requested by the fund recipient from the fund sender's account that is associated with the second account number. Figure 1
SG10201609847PA 2016-11-23 2016-11-23 System And Method For Processing Payment SG10201609847PA (en)

Priority Applications (2)

Application Number Priority Date Filing Date Title
SG10201609847PA SG10201609847PA (en) 2016-11-23 2016-11-23 System And Method For Processing Payment
US15/795,483 US20180144323A1 (en) 2016-11-23 2017-10-27 System and method for processing payment

Applications Claiming Priority (1)

Application Number Priority Date Filing Date Title
SG10201609847PA SG10201609847PA (en) 2016-11-23 2016-11-23 System And Method For Processing Payment

Publications (1)

Publication Number Publication Date
SG10201609847PA true SG10201609847PA (en) 2018-06-28

Family

ID=62143747

Family Applications (1)

Application Number Title Priority Date Filing Date
SG10201609847PA SG10201609847PA (en) 2016-11-23 2016-11-23 System And Method For Processing Payment

Country Status (2)

Country Link
US (1) US20180144323A1 (en)
SG (1) SG10201609847PA (en)

Families Citing this family (3)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
CN109035636A (en) * 2018-06-04 2018-12-18 阿里巴巴集团控股有限公司 A kind of Cash collecting equipment, a kind of cashing method and device
CN109615354B (en) * 2018-10-30 2024-04-16 顺丰科技有限公司 Moon account settlement method and device
CN110458537B (en) * 2019-07-01 2022-08-30 网联清算有限公司 Method and device for processing cash-out transaction

Family Cites Families (5)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US7543738B1 (en) * 2001-07-10 2009-06-09 American Express Travel Related Services Company, Inc. System and method for secure transactions manageable by a transaction account provider
US7225156B2 (en) * 2001-07-11 2007-05-29 Fisher Douglas C Persistent dynamic payment service
US20070291995A1 (en) * 2006-06-09 2007-12-20 Rivera Paul G System, Method, and Apparatus for Preventing Identity Fraud Associated With Payment and Identity Cards
US20120016799A1 (en) * 2010-07-16 2012-01-19 Patrick Killian Money transfer system gateway service
US20140244514A1 (en) * 2013-02-26 2014-08-28 Digimarc Corporation Methods and arrangements for smartphone payments and transactions

Also Published As

Publication number Publication date
US20180144323A1 (en) 2018-05-24

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