SG10201701688PA - Electronic system and method for processing merchandise purchase transactions - Google Patents
Electronic system and method for processing merchandise purchase transactionsInfo
- Publication number
- SG10201701688PA SG10201701688PA SG10201701688PA SG10201701688PA SG10201701688PA SG 10201701688P A SG10201701688P A SG 10201701688PA SG 10201701688P A SG10201701688P A SG 10201701688PA SG 10201701688P A SG10201701688P A SG 10201701688PA SG 10201701688P A SG10201701688P A SG 10201701688PA
- Authority
- SG
- Singapore
- Prior art keywords
- merchant
- consumer
- merchandise
- transferring
- cost
- Prior art date
Links
Classifications
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- 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
- G06Q20/30—Payment architectures, schemes or protocols characterised by the use of specific devices or networks
- G06Q20/36—Payment architectures, schemes or protocols characterised by the use of specific devices or networks using electronic wallets or electronic money safes
-
- 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
- G06Q20/12—Payment architectures specially adapted for electronic shopping 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
- G06Q20/22—Payment schemes or models
- G06Q20/24—Credit schemes, i.e. "pay after"
-
- 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
- G06Q20/30—Payment architectures, schemes or protocols characterised by the use of specific devices or networks
- G06Q20/32—Payment architectures, schemes or protocols characterised by the use of specific devices or networks using wireless devices
- G06Q20/327—Short range or proximity payments by means of M-devices
- G06Q20/3276—Short range or proximity payments by means of M-devices using a pictured code, e.g. barcode or QR-code, being read by the M-device
-
- 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
- G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
- G06Q40/03—Credit; Loans; Processing thereof
Landscapes
- Business, Economics & Management (AREA)
- Accounting & Taxation (AREA)
- Engineering & Computer Science (AREA)
- General Business, Economics & Management (AREA)
- Theoretical Computer Science (AREA)
- Strategic Management (AREA)
- General Physics & Mathematics (AREA)
- Physics & Mathematics (AREA)
- Finance (AREA)
- Computer Networks & Wireless Communication (AREA)
- Development Economics (AREA)
- Economics (AREA)
- Technology Law (AREA)
- Marketing (AREA)
- Computer Security & Cryptography (AREA)
- Financial Or Insurance-Related Operations Such As Payment And Settlement (AREA)
Abstract
ELECTRONICSYSTEM AND METHOD FOR PROCESSING MERCHANDISE PURCHASE TRANSACTIONS The present disclosure generally relates to an electronic system and method for processing a merchandise purchase transaction between a merchant and a consumer. The system comprises a server communicatively linked to a payment network, the server configured for performing steps of the method, comprising: receiving, from a digital wallet of the consumer, transaction data comprising identification data of the merchant, data on cost of the merchandise, and details of a consumer payment instrument linked to the digital wallet; determining, from a consumer database, a purchase credit line availed to the consumer by a financial loan instrument linked to the server; determining a loan amount from the purchase credit line to offset the merchandise cost; retrieving, from a merchant database, details of a financial account of the merchant based on the merchant identification data; and transferring the merchandise cost via the payment network to the merchant financial account, comprising: transferring the merchandise cost less the loan amount from the consumer payment instrument; and transferring the loan amount from the financial loan instrument; and communicating a reservation message to the merchant to reserve the merchandise for the consumer for a predefined time period. FIG. 30
Priority Applications (2)
Application Number | Priority Date | Filing Date | Title |
---|---|---|---|
SG10201701688PA SG10201701688PA (en) | 2017-03-02 | 2017-03-02 | Electronic system and method for processing merchandise purchase transactions |
US15/899,944 US20180253722A1 (en) | 2017-03-02 | 2018-02-20 | Electronic System and Method for Processing Merchandise Purchase Transactions |
Applications Claiming Priority (1)
Application Number | Priority Date | Filing Date | Title |
---|---|---|---|
SG10201701688PA SG10201701688PA (en) | 2017-03-02 | 2017-03-02 | Electronic system and method for processing merchandise purchase transactions |
Publications (1)
Publication Number | Publication Date |
---|---|
SG10201701688PA true SG10201701688PA (en) | 2018-10-30 |
Family
ID=63355136
Family Applications (1)
Application Number | Title | Priority Date | Filing Date |
---|---|---|---|
SG10201701688PA SG10201701688PA (en) | 2017-03-02 | 2017-03-02 | Electronic system and method for processing merchandise purchase transactions |
Country Status (2)
Country | Link |
---|---|
US (1) | US20180253722A1 (en) |
SG (1) | SG10201701688PA (en) |
Cited By (1)
Publication number | Priority date | Publication date | Assignee | Title |
---|---|---|---|---|
IT202100005714A1 (en) * | 2021-03-11 | 2022-09-11 | Corner Banca Sa | METHOD AND SYSTEM FOR PROVIDING PURCHASE PROPOSALS AND PERSONALIZED AND/OR AUTOMATED PAYMENT SERVICES |
Families Citing this family (3)
Publication number | Priority date | Publication date | Assignee | Title |
---|---|---|---|---|
US11095456B2 (en) | 2019-05-24 | 2021-08-17 | Bank Of America Corporation | Distributed tiered data exchanges within a blockchain network |
CN111199484B (en) * | 2019-12-31 | 2023-09-26 | 东莞盟大集团有限公司 | Block chain technology-based settlement method and device, equipment and storage medium |
US20220207520A1 (en) * | 2020-12-28 | 2022-06-30 | Paypal, Inc. | Systems and methods for managing electronic transactions |
Family Cites Families (12)
Publication number | Priority date | Publication date | Assignee | Title |
---|---|---|---|---|
JP3660101B2 (en) * | 1996-11-14 | 2005-06-15 | 松下電器産業株式会社 | Personal electronic payment system |
WO1999009502A1 (en) * | 1997-08-13 | 1999-02-25 | Matsushita Electric Industrial Co., Ltd. | Mobile electronic commerce system |
WO2009124270A1 (en) * | 2008-04-04 | 2009-10-08 | Metabank | System, program product, and associated methods to autodraw for micro-credit attached to a prepaid card |
WO2011103520A1 (en) * | 2010-02-18 | 2011-08-25 | Bling Nation, Ltd. | Automated transaction system and settlement processes |
CA2821105A1 (en) * | 2010-12-10 | 2012-06-14 | Electronic Payment Exchange | Tokenized contactless payments for mobile devices |
WO2012167202A2 (en) * | 2011-06-03 | 2012-12-06 | Visa International Service Association | Virtual wallet card selection apparatuses, methods and systems |
US20140279469A1 (en) * | 2013-03-12 | 2014-09-18 | Carta Worldwide Inc. | System and method for mobile transaction payments |
WO2015039254A1 (en) * | 2013-09-20 | 2015-03-26 | Lucova Inc. | Systems and methods for facilitating mobile commerce interactions between customers and merchants |
US10664833B2 (en) * | 2014-03-05 | 2020-05-26 | Mastercard International Incorporated | Transactions utilizing multiple digital wallets |
US20160371771A1 (en) * | 2015-06-16 | 2016-12-22 | BitPagos, Inc. | Loan processing service utilizing a distributed ledger digital asset |
JP2017027498A (en) * | 2015-07-27 | 2017-02-02 | 東芝テック株式会社 | Settlement device, settlement system, and program |
US11170365B2 (en) * | 2016-10-19 | 2021-11-09 | Visa International Service Association | Digital wallet merchant-specific virtual payment accounts |
-
2017
- 2017-03-02 SG SG10201701688PA patent/SG10201701688PA/en unknown
-
2018
- 2018-02-20 US US15/899,944 patent/US20180253722A1/en not_active Abandoned
Cited By (1)
Publication number | Priority date | Publication date | Assignee | Title |
---|---|---|---|---|
IT202100005714A1 (en) * | 2021-03-11 | 2022-09-11 | Corner Banca Sa | METHOD AND SYSTEM FOR PROVIDING PURCHASE PROPOSALS AND PERSONALIZED AND/OR AUTOMATED PAYMENT SERVICES |
Also Published As
Publication number | Publication date |
---|---|
US20180253722A1 (en) | 2018-09-06 |
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