SG10201800056QA - Computer system and computer-implemented method for using financial assets - Google Patents

Computer system and computer-implemented method for using financial assets

Info

Publication number
SG10201800056QA
SG10201800056QA SG10201800056QA SG10201800056QA SG10201800056QA SG 10201800056Q A SG10201800056Q A SG 10201800056QA SG 10201800056Q A SG10201800056Q A SG 10201800056QA SG 10201800056Q A SG10201800056Q A SG 10201800056QA SG 10201800056Q A SG10201800056Q A SG 10201800056QA
Authority
SG
Singapore
Prior art keywords
customer
transaction
authorisation
module
account
Prior art date
Application number
SG10201800056QA
Inventor
Gurunathan Arunmurthy
Shinde Ganesh
Shrikant Joshi Ketan
K Patni Gaurav
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 SG10201800056QA priority Critical patent/SG10201800056QA/en
Priority to US16/225,031 priority patent/US20190205983A1/en
Publication of SG10201800056QA publication Critical patent/SG10201800056QA/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
    • G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
    • G06Q40/04—Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
    • 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
    • G06Q20/02—Payment architectures, schemes or protocols involving a neutral party, e.g. certification authority, notary or trusted third party [TTP]
    • 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
    • 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
    • G06Q20/42—Confirmation, e.g. check or permission by the legal debtor of payment
    • 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
    • G06Q40/02—Banking, e.g. interest calculation or account maintenance
    • 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
    • G06Q40/06—Asset management; Financial planning or analysis

Abstract

Computer system and computer-implemented method for using financial assets A server for processing a payment transaction initiated by a customer using various financial assets is described. The server comprising a transaction module, an inquiry module and an authorisation module. The transaction module is configured to: (i) receive a transaction authorisation request comprising at least a payment amount and an account identifier associated with the customer; and (ii) transmit a transaction authorisation response indicating if the payment transaction is approved or refused. The inquiry module is configured to: (i) determine if an available balance of a primary account associated with the account identifier is less than the payment amount; and (ii) determine if the account identifier is associated with a secondary account if the available balance of the primary account is less than the payment amount, the secondary account being associated with a customer financial asset. The authorisation module is configured to: (i) transmit, to a customer electronic device, an authorisation request if it is determined that the customer is associated with the secondary account, the authentication request comprising a request to process the payment transaction using the customer financial asset; and (ii) receive, from the customer electronic device, an authorisation response indicating if the payment transaction is to be processed using the customer financial asset. [Figure to print with the abstract: Fig. ] 37
SG10201800056QA 2018-01-03 2018-01-03 Computer system and computer-implemented method for using financial assets SG10201800056QA (en)

Priority Applications (2)

Application Number Priority Date Filing Date Title
SG10201800056QA SG10201800056QA (en) 2018-01-03 2018-01-03 Computer system and computer-implemented method for using financial assets
US16/225,031 US20190205983A1 (en) 2018-01-03 2018-12-19 Computer system and computer-implemented method for using financial assets

Applications Claiming Priority (1)

Application Number Priority Date Filing Date Title
SG10201800056QA SG10201800056QA (en) 2018-01-03 2018-01-03 Computer system and computer-implemented method for using financial assets

Publications (1)

Publication Number Publication Date
SG10201800056QA true SG10201800056QA (en) 2019-08-27

Family

ID=67058404

Family Applications (1)

Application Number Title Priority Date Filing Date
SG10201800056QA SG10201800056QA (en) 2018-01-03 2018-01-03 Computer system and computer-implemented method for using financial assets

Country Status (2)

Country Link
US (1) US20190205983A1 (en)
SG (1) SG10201800056QA (en)

Families Citing this family (3)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
CN105450691B (en) * 2014-08-21 2019-08-16 阿里巴巴集团控股有限公司 Method for processing business, device and server
US20200242700A1 (en) * 2018-02-08 2020-07-30 2Bc Innovations, Llc Riving longevity-contingent instruments
CN111445232A (en) * 2020-03-23 2020-07-24 中国工商银行股份有限公司 Resource processing method, resource processing apparatus, electronic device, and medium

Family Cites Families (3)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US7720755B1 (en) * 2000-11-16 2010-05-18 First Data Corporation Card-based system and method for issuing negotiable instruments
US7860781B1 (en) * 2002-01-04 2010-12-28 Midland Loan Services, Inc. Methods and systems for asset/loan management and processing
US8620805B2 (en) * 2012-03-27 2013-12-31 Citicorp Credit Services, Inc. Methods and systems for processing payments globally over one of a plurality of processing paths

Also Published As

Publication number Publication date
US20190205983A1 (en) 2019-07-04

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