SG10201803421QA - Electronic system and method for splitting a transaction cost between multiple parties - Google Patents

Electronic system and method for splitting a transaction cost between multiple parties

Info

Publication number
SG10201803421QA
SG10201803421QA SG10201803421QA SG10201803421QA SG10201803421QA SG 10201803421Q A SG10201803421Q A SG 10201803421QA SG 10201803421Q A SG10201803421Q A SG 10201803421QA SG 10201803421Q A SG10201803421Q A SG 10201803421QA SG 10201803421Q A SG10201803421Q A SG 10201803421QA
Authority
SG
Singapore
Prior art keywords
user
transaction
payment
splitting
electronic system
Prior art date
Application number
SG10201803421QA
Inventor
Fabiano Vergari
Ashutosh Sharan
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
Publication of SG10201803421QA publication Critical patent/SG10201803421QA/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
    • G06Q20/22—Payment schemes or models
    • G06Q20/29—Payment schemes or models characterised by micropayments
    • 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
    • G06Q20/3278—RFID or NFC payments by means of M-devices
    • 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
    • G06Q20/34—Payment architectures, schemes or protocols characterised by the use of specific devices or networks using cards, e.g. integrated circuit [IC] cards or magnetic cards
    • 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
    • G06Q20/425—Confirmation, e.g. check or permission by the legal debtor of payment using two different networks, one for transaction and one for security confirmation

Landscapes

  • Business, Economics & Management (AREA)
  • Engineering & Computer Science (AREA)
  • Accounting & Taxation (AREA)
  • General Business, Economics & Management (AREA)
  • Strategic Management (AREA)
  • Physics & Mathematics (AREA)
  • General Physics & Mathematics (AREA)
  • Theoretical Computer Science (AREA)
  • Computer Networks & Wireless Communication (AREA)
  • Microelectronics & Electronic Packaging (AREA)
  • Computer Security & Cryptography (AREA)
  • Finance (AREA)
  • Financial Or Insurance-Related Operations Such As Payment And Settlement (AREA)
  • Devices For Checking Fares Or Tickets At Control Points (AREA)

Abstract

Electronic System and Method for Splitting a Transaction Cost between Multiple Parties An electronic system for splitting a transaction cost between multiple parties. The system comprises a processor configured to: receive transaction data from a payment card server, the transaction data relating to transactions performed using a payment card associated with a first user; on instruction by the first user, associate one or more other users with a group transaction identified from the transaction data along with an indication of a respective portion of the group transaction to be paid by each other user; transmit a payment authorization request to each other user for payment of the other user's respective portion of the group transaction; and upon authorization, receive confirmation of a transfer of funds equal to the other user's respective portion from a payment vehicle associated with the other user to a payment account associated with the first user. [Figure to print with the abstract: Fig. ] 20
SG10201803421QA 2017-06-12 2018-04-24 Electronic system and method for splitting a transaction cost between multiple parties SG10201803421QA (en)

Applications Claiming Priority (1)

Application Number Priority Date Filing Date Title
IN201741020430 2017-06-12

Publications (1)

Publication Number Publication Date
SG10201803421QA true SG10201803421QA (en) 2019-01-30

Family

ID=64563541

Family Applications (1)

Application Number Title Priority Date Filing Date
SG10201803421QA SG10201803421QA (en) 2017-06-12 2018-04-24 Electronic system and method for splitting a transaction cost between multiple parties

Country Status (2)

Country Link
US (1) US20180357628A1 (en)
SG (1) SG10201803421QA (en)

Families Citing this family (4)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US11720983B2 (en) 2016-03-02 2023-08-08 Up N' Go System to text a payment link
US11315098B2 (en) * 2019-06-04 2022-04-26 Paypal, Inc. System and method for group payments
US20210192477A1 (en) * 2019-12-24 2021-06-24 Up N' Go App-less restaurant processing system using mobile devices and offering check splitting
CA3178740A1 (en) * 2020-05-14 2021-11-18 Jeffrey Neto System and method for group transactions

Family Cites Families (9)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US8275704B2 (en) * 1999-11-05 2012-09-25 Lead Core Fund, L.L.C. Systems and methods for authorizing an allocation of an amount between transaction accounts
US20140258055A1 (en) * 2008-03-13 2014-09-11 Giftya Llc System and method for a gift tracker
US20140207662A1 (en) * 2008-03-13 2014-07-24 Giftya Llc System and method for managing gifts
US10489776B2 (en) * 2008-03-13 2019-11-26 Giftya Llc System and method for managing gift credits
US20140207612A1 (en) * 2008-03-13 2014-07-24 Giftya Llc System and method for managing gifts
US20120130750A1 (en) * 2010-11-18 2012-05-24 Davidshield L.I.A. (2000) Ltd. Automated insurer insured interactions
US20130117057A1 (en) * 2011-10-28 2013-05-09 Peter Van Moltke Systems, Methods and Devices for Generating Alternate Itineraries
US20150213431A1 (en) * 2013-11-25 2015-07-30 Wonder Technologies, Inc. Electronic Gifting System
US20150324937A1 (en) * 2014-04-01 2015-11-12 Michael Callahan Food and beverage preparation and retailing

Also Published As

Publication number Publication date
US20180357628A1 (en) 2018-12-13

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