SG10201805351SA - Electronic system and computerized method for processing recurring payment transactions - Google Patents

Electronic system and computerized method for processing recurring payment transactions

Info

Publication number
SG10201805351SA
SG10201805351SA SG10201805351SA SG10201805351SA SG10201805351SA SG 10201805351S A SG10201805351S A SG 10201805351SA SG 10201805351S A SG10201805351S A SG 10201805351SA SG 10201805351S A SG10201805351S A SG 10201805351SA SG 10201805351S A SG10201805351S A SG 10201805351SA
Authority
SG
Singapore
Prior art keywords
electronic system
payment transactions
computerized method
recurring payment
processing recurring
Prior art date
Application number
SG10201805351SA
Inventor
Piparsaniya Harsh
Gupta Sudhir
Agrawal Rahul
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 SG10201805351SA priority Critical patent/SG10201805351SA/en
Priority to US16/416,475 priority patent/US11392956B2/en
Publication of SG10201805351SA publication Critical patent/SG10201805351SA/en
Priority to US17/844,511 priority patent/US11790373B2/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
    • G06Q20/40—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
    • G06Q20/08—Payment architectures
    • G06Q20/14—Payment architectures specially adapted for billing 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
    • 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
    • G06Q20/351—Virtual 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
    • G06Q20/385—Payment protocols; Details thereof using an alias or single-use codes

Landscapes

  • Business, Economics & Management (AREA)
  • Engineering & Computer Science (AREA)
  • Accounting & Taxation (AREA)
  • Physics & Mathematics (AREA)
  • Strategic Management (AREA)
  • General Business, Economics & Management (AREA)
  • General Physics & Mathematics (AREA)
  • Theoretical Computer Science (AREA)
  • Finance (AREA)
  • Computer Networks & Wireless Communication (AREA)
  • Microelectronics & Electronic Packaging (AREA)
  • Development Economics (AREA)
  • Economics (AREA)
  • Computer Security & Cryptography (AREA)
  • Financial Or Insurance-Related Operations Such As Payment And Settlement (AREA)
SG10201805351SA 2018-06-21 2018-06-21 Electronic system and computerized method for processing recurring payment transactions SG10201805351SA (en)

Priority Applications (3)

Application Number Priority Date Filing Date Title
SG10201805351SA SG10201805351SA (en) 2018-06-21 2018-06-21 Electronic system and computerized method for processing recurring payment transactions
US16/416,475 US11392956B2 (en) 2018-06-21 2019-05-20 Electronic system and computerized method for processing recurring payment transactions
US17/844,511 US11790373B2 (en) 2018-06-21 2022-06-20 Electronic system and computerized method for processing recurring payment transactions

Applications Claiming Priority (1)

Application Number Priority Date Filing Date Title
SG10201805351SA SG10201805351SA (en) 2018-06-21 2018-06-21 Electronic system and computerized method for processing recurring payment transactions

Publications (1)

Publication Number Publication Date
SG10201805351SA true SG10201805351SA (en) 2020-01-30

Family

ID=68981726

Family Applications (1)

Application Number Title Priority Date Filing Date
SG10201805351SA SG10201805351SA (en) 2018-06-21 2018-06-21 Electronic system and computerized method for processing recurring payment transactions

Country Status (2)

Country Link
US (2) US11392956B2 (en)
SG (1) SG10201805351SA (en)

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* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US20100114768A1 (en) 2008-10-31 2010-05-06 Wachovia Corporation Payment vehicle with on and off function
US10867298B1 (en) 2008-10-31 2020-12-15 Wells Fargo Bank, N.A. Payment vehicle with on and off function
US20210133698A1 (en) * 2012-06-19 2021-05-06 Ondot Systems Inc. Injecting user control for card-on-file merchant data and implicitly-identified recurring payment transaction parameters between acquirer processors and issuer processors over data communication networks
US11899711B2 (en) 2012-06-19 2024-02-13 Ondot Systems Inc. Merchant logo detection artificial intelligence (AI) for injecting user control to ISO back-end transaction approvals between acquirer processors and issuer processors over data communication networks
US11429975B1 (en) 2015-03-27 2022-08-30 Wells Fargo Bank, N.A. Token management system
US11170364B1 (en) 2015-07-31 2021-11-09 Wells Fargo Bank, N.A. Connected payment card systems and methods
US11886611B1 (en) 2016-07-01 2024-01-30 Wells Fargo Bank, N.A. Control tower for virtual rewards currency
US11935020B1 (en) * 2016-07-01 2024-03-19 Wells Fargo Bank, N.A. Control tower for prospective transactions
US11615402B1 (en) 2016-07-01 2023-03-28 Wells Fargo Bank, N.A. Access control tower
US10992679B1 (en) 2016-07-01 2021-04-27 Wells Fargo Bank, N.A. Access control tower
US11386223B1 (en) 2016-07-01 2022-07-12 Wells Fargo Bank, N.A. Access control tower
US10915899B2 (en) * 2017-03-17 2021-02-09 Visa International Service Association Replacing token on a multi-token user device
US11556936B1 (en) 2017-04-25 2023-01-17 Wells Fargo Bank, N.A. System and method for card control
US11062388B1 (en) 2017-07-06 2021-07-13 Wells Fargo Bank, N.A Data control tower
US11188887B1 (en) 2017-11-20 2021-11-30 Wells Fargo Bank, N.A. Systems and methods for payment information access management
WO2020061434A1 (en) * 2018-09-21 2020-03-26 Jpmorgan Chase Bank, N.A. Systems and methods for conducting account tokenized transactions
US11176543B2 (en) * 2018-09-22 2021-11-16 Mastercard International Incorporated Voice currency token based electronic payment transactions
US11853997B2 (en) * 2019-02-27 2023-12-26 International Business Machines Corporation Using quick response (QR) codes to collect recurring payments
WO2021040243A1 (en) * 2019-08-30 2021-03-04 주식회사 센스톤 Virtual card number-based financial transaction device, virtual card number-based financial transaction provision method, and virtual card number-based financial transaction provision program
US20210334805A1 (en) * 2020-04-27 2021-10-28 Capital One Services, Llc System and method for detecting events
US10992606B1 (en) 2020-09-04 2021-04-27 Wells Fargo Bank, N.A. Synchronous interfacing with unaffiliated networked systems to alter functionality of sets of electronic assets
US11546338B1 (en) 2021-01-05 2023-01-03 Wells Fargo Bank, N.A. Digital account controls portal and protocols for federated and non-federated systems and devices
US20230052860A1 (en) * 2021-08-10 2023-02-16 Jpmorgan Chase Bank , N.A. Systems and methods for smart contracts using multiple distributed ledgers
US20240094960A1 (en) * 2022-09-19 2024-03-21 The Toronto-Dominion Bank Systems and methods for real time access to external resource
US20240144211A1 (en) * 2022-11-01 2024-05-02 Capital One Services, Llc One Click Cancel
US20240211928A1 (en) * 2022-12-23 2024-06-27 Capital One Services, Llc Method to ping virtual card numbers to check if active
US20240249256A1 (en) * 2023-01-24 2024-07-25 American Express Travel Related Services Company, Inc. Payment network transaction scheduler

Family Cites Families (17)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US7487126B2 (en) * 2001-04-09 2009-02-03 Khai Hee Kwan Computer network method for conducting payment over a network by debiting and crediting utilities accounts
US8095464B2 (en) 2009-05-21 2012-01-10 Vista International Service Association Recurring transaction processing
US9704155B2 (en) 2011-07-29 2017-07-11 Visa International Service Association Passing payment tokens through an hop/sop
KR101465549B1 (en) 2013-01-16 2014-11-26 김지영 Recurring payment process using virtual credit card
WO2015010083A1 (en) * 2013-07-18 2015-01-22 Paulsen Gaige Bradley Payment collection, aggregation and realization apparatuses, methods and systems
US9424574B2 (en) * 2014-05-16 2016-08-23 Bank Of America Corporation Tokenization of user accounts for direct payment authorization channel
US20170132633A1 (en) * 2014-06-27 2017-05-11 Psi Systems, Inc. Systems and methods providing payment transactions
US20160180302A1 (en) 2014-12-22 2016-06-23 Drew N. Bagot, JR. System and method for processing multiple recurring payments
WO2016145436A1 (en) * 2015-03-12 2016-09-15 Mastercard International Incorporated Payment card storing tokenized information
US10600039B2 (en) * 2015-05-20 2020-03-24 Mastercard International Incorporated Systems and methods for managing financial payments between parties
US20170221066A1 (en) * 2015-07-01 2017-08-03 The Clearing House Payments Company, L.L.C. Real-time payment system, method, apparatus, and computer program
US11501288B2 (en) * 2016-02-09 2022-11-15 Visa International Service Association Resource provider account token provisioning and processing
WO2017218479A1 (en) * 2016-06-15 2017-12-21 Mastercard International Incorporated System and method of tokenizing deposit account numbers for use at payment card acceptance point
US20180232720A1 (en) * 2017-02-10 2018-08-16 Mastercard International Incorporated System and method for processing a multi-account transaction
US10915899B2 (en) * 2017-03-17 2021-02-09 Visa International Service Association Replacing token on a multi-token user device
US11188887B1 (en) * 2017-11-20 2021-11-30 Wells Fargo Bank, N.A. Systems and methods for payment information access management
US20190197501A1 (en) * 2017-12-21 2019-06-27 Mastercard International Incorporated Systems and Methods for Use in Facilitating Network Transactions

Also Published As

Publication number Publication date
US20190392443A1 (en) 2019-12-26
US11392956B2 (en) 2022-07-19
US20220327539A1 (en) 2022-10-13
US11790373B2 (en) 2023-10-17

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