SG10201806191RA - Electronic systems and computerized methods for processing payment of transactions at a merchant using a prefunded payment token - Google Patents

Electronic systems and computerized methods for processing payment of transactions at a merchant using a prefunded payment token

Info

Publication number
SG10201806191RA
SG10201806191RA SG10201806191RA SG10201806191RA SG10201806191RA SG 10201806191R A SG10201806191R A SG 10201806191RA SG 10201806191R A SG10201806191R A SG 10201806191RA SG 10201806191R A SG10201806191R A SG 10201806191RA SG 10201806191R A SG10201806191R A SG 10201806191RA
Authority
SG
Singapore
Prior art keywords
payment
prefunded
merchant
transactions
electronic systems
Prior art date
Application number
SG10201806191RA
Inventor
Dharmaiah Kallugudde Manu
Venugopalan Vijin
Bhardwaj Saket
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 SG10201806191RA priority Critical patent/SG10201806191RA/en
Priority to US16/507,755 priority patent/US20200027078A1/en
Publication of SG10201806191RA publication Critical patent/SG10201806191RA/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
    • G06Q20/30—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
    • G06Q20/3672—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 initialising or reloading thereof
    • 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
    • G06Q20/3674—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 involving authentication
    • 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
    • G06Q20/28—Pre-payment schemes, e.g. "pay before"
    • 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
    • G06Q20/322—Aspects of commerce using mobile devices [M-devices]
    • G06Q20/3223—Realising banking transactions through 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
    • G06Q20/38—Payment protocols; Details thereof
    • G06Q20/385—Payment protocols; Details thereof using an alias or single-use codes
    • 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
    • G06Q20/403—Solvency checks
    • G06Q20/4037—Remote solvency checks
SG10201806191RA 2018-07-19 2018-07-19 Electronic systems and computerized methods for processing payment of transactions at a merchant using a prefunded payment token SG10201806191RA (en)

Priority Applications (2)

Application Number Priority Date Filing Date Title
SG10201806191RA SG10201806191RA (en) 2018-07-19 2018-07-19 Electronic systems and computerized methods for processing payment of transactions at a merchant using a prefunded payment token
US16/507,755 US20200027078A1 (en) 2018-07-19 2019-07-10 Electronic systems and computerized methods for processing payment of transactions at a merchant using a prefunded payment token

Applications Claiming Priority (1)

Application Number Priority Date Filing Date Title
SG10201806191RA SG10201806191RA (en) 2018-07-19 2018-07-19 Electronic systems and computerized methods for processing payment of transactions at a merchant using a prefunded payment token

Publications (1)

Publication Number Publication Date
SG10201806191RA true SG10201806191RA (en) 2020-02-27

Family

ID=69161990

Family Applications (1)

Application Number Title Priority Date Filing Date
SG10201806191RA SG10201806191RA (en) 2018-07-19 2018-07-19 Electronic systems and computerized methods for processing payment of transactions at a merchant using a prefunded payment token

Country Status (2)

Country Link
US (1) US20200027078A1 (en)
SG (1) SG10201806191RA (en)

Families Citing this family (3)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
EP3889863A1 (en) * 2020-03-30 2021-10-06 Mastercard International Incorporated Merchant identification and secure data transfer
US11868990B2 (en) * 2020-08-26 2024-01-09 Paypal, Inc. Multi-tenants payment refresh tokens
US20220270168A1 (en) * 2021-02-23 2022-08-25 Block, Inc. Systems and methods for intelligent electronic record management

Family Cites Families (7)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US6938019B1 (en) * 2000-08-29 2005-08-30 Uzo Chijioke Chukwuemeka Method and apparatus for making secure electronic payments
US20130054470A1 (en) * 2010-01-08 2013-02-28 Blackhawk Network, Inc. System for Payment via Electronic Wallet
US20140025581A1 (en) * 2012-07-19 2014-01-23 Bank Of America Corporation Mobile transactions using authorized tokens
US11210648B2 (en) * 2012-10-17 2021-12-28 Royal Bank Of Canada Systems, methods, and devices for secure generation and processing of data sets representing pre-funded payments
WO2014162296A1 (en) * 2013-04-04 2014-10-09 Visa International Service Association Method and system for conducting pre-authorized financial transactions
SG10201507758QA (en) * 2015-09-17 2017-04-27 Mastercard Asia Pacific Pte Ltd A method for passively closing a pre-authorized tab with an associated payment token
CA2944306C (en) * 2015-10-30 2023-11-14 The Toronto-Dominion Bank Validating encrypted data from a multi-layer token

Also Published As

Publication number Publication date
US20200027078A1 (en) 2020-01-23

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