SG10201708405XA - A foreign currency transaction system and method - Google Patents

A foreign currency transaction system and method

Info

Publication number
SG10201708405XA
SG10201708405XA SG10201708405XA SG10201708405XA SG10201708405XA SG 10201708405X A SG10201708405X A SG 10201708405XA SG 10201708405X A SG10201708405X A SG 10201708405XA SG 10201708405X A SG10201708405X A SG 10201708405XA SG 10201708405X A SG10201708405X A SG 10201708405XA
Authority
SG
Singapore
Prior art keywords
foreign currency
foreign
currency transaction
allow
present
Prior art date
Application number
SG10201708405XA
Inventor
Tang Hao
Li Jiaming
Nanton Jason
Original Assignee
Mastercard Asia Pacific Pte Ltd
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 Asia Pacific Pte Ltd filed Critical Mastercard Asia Pacific Pte Ltd
Priority to SG10201708405XA priority Critical patent/SG10201708405XA/en
Priority to US16/155,204 priority patent/US11348100B2/en
Publication of SG10201708405XA publication Critical patent/SG10201708405XA/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
    • G06Q20/38—Payment protocols; Details thereof
    • G06Q20/381—Currency conversion
    • 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
    • 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
    • G06Q20/367—Payment architectures, schemes or protocols characterised by the use of specific devices or networks using electronic wallets or electronic money safes involving electronic purses or money safes
    • G06Q20/3678—Payment architectures, schemes or protocols characterised by the use of specific devices or networks using electronic wallets or electronic money safes involving electronic purses or money safes e-cash details, e.g. blinded, divisible or detecting double spending
    • 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

Abstract

A FOREIGN CURRENCY TRANSACTION SYSTEM AND METHOD Embodiments of the present invention can allow both users and merchants to carry out foreign currency transactions without using a point-of-sale (POS) device. In addition, embodiments of the present invention also allow users to carry out foreign currency transactions without knowing much of a foreign language in order to engage with a merchant in a foreign country. In addition, embodiments of the present invention also allow a user to lock-in a foreign currency exchange rate so that the user is able to have some certainty in relation to the foreign currency transaction, and can simplify the use of payment cards for foreign currency transactions by capturing an electronic image of a pricing indicator at a juncture of initiating a foreign currency transaction, and processing the electronic image to automatically determine required a payment amount represented on the pricing indicator. FIG 2
SG10201708405XA 2017-10-12 2017-10-12 A foreign currency transaction system and method SG10201708405XA (en)

Priority Applications (2)

Application Number Priority Date Filing Date Title
SG10201708405XA SG10201708405XA (en) 2017-10-12 2017-10-12 A foreign currency transaction system and method
US16/155,204 US11348100B2 (en) 2017-10-12 2018-10-09 Foreign currency transaction system and method

Applications Claiming Priority (1)

Application Number Priority Date Filing Date Title
SG10201708405XA SG10201708405XA (en) 2017-10-12 2017-10-12 A foreign currency transaction system and method

Publications (1)

Publication Number Publication Date
SG10201708405XA true SG10201708405XA (en) 2019-05-30

Family

ID=66096003

Family Applications (1)

Application Number Title Priority Date Filing Date
SG10201708405XA SG10201708405XA (en) 2017-10-12 2017-10-12 A foreign currency transaction system and method

Country Status (2)

Country Link
US (1) US11348100B2 (en)
SG (1) SG10201708405XA (en)

Families Citing this family (3)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
CN112561520B (en) * 2019-09-10 2023-09-08 腾讯科技（深圳）有限公司 Payment data processing method, device, equipment and storage medium
CN111445327A (en) * 2020-03-16 2020-07-24 腾讯科技（深圳）有限公司 Data resource processing method and device, computer storage medium and electronic equipment
KR102252859B1 (en) * 2020-05-04 2021-05-14 윤성민 Foreign currency exchange system and method thereof

Family Cites Families (7)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US8738518B2 (en) * 2007-08-28 2014-05-27 The Western Union Company Methods and systems for executing a plurality of money transfers having a fluctuating parameter
US20100250234A1 (en) * 2009-03-30 2010-09-30 Lsi Corporation Receipt Translation for Vouchering
US20140019317A1 (en) * 2012-04-05 2014-01-16 Lemon, Inc. Transaction managing system
US9311639B2 (en) * 2014-02-11 2016-04-12 Digimarc Corporation Methods, apparatus and arrangements for device to device communication
US20170091760A1 (en) * 2014-09-25 2017-03-30 Travelex Currency Services Inc. Device and method for currency conversion
US9864980B2 (en) * 2015-02-25 2018-01-09 Ncr Corporation Automatic processing of foreign currency tenderings
US10586270B2 (en) * 2016-04-14 2020-03-10 Ebay Inc. Network site cart user interface having multiple user-specified currency formats

Also Published As

Publication number Publication date
US20190114627A1 (en) 2019-04-18
US11348100B2 (en) 2022-05-31

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