SG11201804499XA - System and method for transacting via two-party model - Google Patents

System and method for transacting via two-party model

Info

Publication number
SG11201804499XA
SG11201804499XA SG11201804499XA SG11201804499XA SG11201804499XA SG 11201804499X A SG11201804499X A SG 11201804499XA SG 11201804499X A SG11201804499X A SG 11201804499XA SG 11201804499X A SG11201804499X A SG 11201804499XA SG 11201804499X A SG11201804499X A SG 11201804499XA
Authority
SG
Singapore
Prior art keywords
payment
international
merchant
purchase
pct
Prior art date
Application number
SG11201804499XA
Inventor
Amit Singh
Anshul Pandey
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 SG11201804499XA publication Critical patent/SG11201804499XA/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
    • G06Q20/08—Payment architectures
    • G06Q20/20—Point-of-sale [POS] network 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
    • G06Q20/08—Payment architectures
    • G06Q20/10—Payment architectures specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
    • G06Q20/105—Payment architectures specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems involving programming of a portable memory device, e.g. IC cards, "electronic purses"
    • 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
    • G06Q20/10—Payment architectures specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
    • G06Q20/108—Remote banking, e.g. home banking
    • G06Q20/1085—Remote banking, e.g. home banking involving automatic teller machines [ATMs]
    • 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
    • G06Q20/20—Point-of-sale [POS] network systems
    • G06Q20/204—Point-of-sale [POS] network systems comprising interface for record bearing medium or carrier for electronic funds transfer or payment credit
    • 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
    • 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
    • G06Q20/382—Payment protocols; Details thereof insuring higher security of transaction
    • 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
    • G06Q20/382—Payment protocols; Details thereof insuring higher security of transaction
    • G06Q20/3821—Electronic credentials
    • G06Q20/38215—Use of certificates or encrypted proofs of transaction rights
    • 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
    • G06Q20/389—Keeping log of transactions for guaranteeing non-repudiation of a transaction
    • 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
    • G06Q20/409—Device specific authentication in transaction processing
    • 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
    • G06Q2220/00—Business processing using cryptography

Abstract

INTERNATIONAL APPLICATION PUBLISHED UNDER THE PATENT COOPERATION TREATY (PCT) (19) World Intellectual Property Organization International Bureau IIIIII Hit II EH DID IIIII DEEM II III 11111111 Ell RIM It RID IIII r 208 ATM 7 214 (-204 MERCHANT DEVICE (10) International Publication Number WO 2017/095602 Al WIPO I PCT (43) International Publication Date 8 June 2017 (08.06.2017) (51) International Patent Classification: (81) Designated States (unless otherwise indicated, for every G06Q 20/40 (2012.01) kind of national protection available): AE, AG, AL, AM, (21) International Application Number: PCT/US2016/061329 AO, AT, AU, AZ, BA, BB, BG, BH, BN, BR, BW, BY, BZ, CA, CH, CL, CN, CO, CR, CU, CZ, DE, DJ, DK, DM, DO, DZ, EC, EE, EG, ES, FI, GB, GD, GE, GH, GM, GT, HN, HR, HU, ID, IL, IN, IR, IS, JP, KE, KG, KN, KP, KR, (22) International Filing Date: KW, KZ, LA, LC, LK, LR, LS, LU, LY, MA, MD, ME, 10 November 2016 (10.11.2016) MG, MK, MN, MW, MX, MY, MZ, NA, NG, NI, NO, NZ, Filing Language: English (25) OM, PA, PE, PG, PH, PL, PT, QA, RO, RS, RU, RW, SA, SC, SD, SE, SG, SK, SL, SM, ST, SV, SY, TH, TJ, TM, English (26) Publication Language: TN, TR, TT, TZ, UA, UG, US, UZ, VC, VN, ZA, ZM, (30) Priority Data: ZW. 14/956,929 2 December 2015 (02.12.2015) US (84) Designated States (unless otherwise indicated, for every (71) Applicant: MASTERCARD INTERNATIONALBIN- kind of regional protection available): ARIPO (BW, GH, CORPOATED [US/US]; 2000 Purchase Street, Purchase, GM, KE, LR, LS, MW, MZ, NA, RW, SD, SL, ST, SZ, NY 10577 (US). TZ, UG, ZM, ZW), Eurasian (AM, AZ, BY, KG, KZ, RU, TJ, TM), European (AL, AT, BE, BG, CH, CY, CZ, DE, (72) Inventors: SINGH, Amit, Kumar; 32 Kabir Enclave Day- DK, EE, ES, FI, FR, GB, GR, HR, HU, IE, IS, IT, LT, LU, albagh, Agra,uttar Pradesh 282005 (IN). PANDEY, LV, MC, MK, MT, NL, NO, PL, PT, RO, RS, SE, SI, SK, Anshul; H. No 496, 2nd Floor Sector 43, Gurgaon, Hary- SM, TR), OAPI (BF, BJ, CF, CG, CI, CM, GA, GN, GQ, ana 122002 (IN). GW, KM, ML, MR, NE, SN, TD, TG). (74) Agent: DOBBYN, Colm, J ; Mastercard International In- Published: corporated, 2000 Purchase Street, Purchase, NY 10577 — with international search report (Art 21(3)) (US). (54) Title: SYSTEM AND METHOD FOR TRANSACTING VIA TWO-PARTY MODEL (57) : A method of operating a payment device includes interfacing the payment device to a merchant device to perform a payment transaction, The pay- ment device may create and store a re- cord of the payment transaction. On an occasion later than the payment transac- tion, the payment device may be inter- faced to a network device. While the payment device is interfaced to the net- work device, at least a portion of the payment transaction record is transmit- ted from the payment device to the net- work device to cause the payment trans- action to be cleared from the payment device user's account to the account of the merchant that operated the merchant device. 7 200 7-216 /212 (-218 USER'S BANK CLEARING SYSTEM MERCHANT'S BANK (-210 NETWORK TERMINAL ( -202 /206 PAYMENT CARD/DEVICE C W O 20 17 /095 60 2 Al FIG. 2
SG11201804499XA 2015-12-02 2016-11-10 System and method for transacting via two-party model SG11201804499XA (en)

Applications Claiming Priority (2)

Application Number Priority Date Filing Date Title
US14/956,929 US20170161739A1 (en) 2015-12-02 2015-12-02 System and method for transacting via two-party model
PCT/US2016/061329 WO2017095602A1 (en) 2015-12-02 2016-11-10 System and method for transacting via two-party model

Publications (1)

Publication Number Publication Date
SG11201804499XA true SG11201804499XA (en) 2018-06-28

Family

ID=58797815

Family Applications (1)

Application Number Title Priority Date Filing Date
SG11201804499XA SG11201804499XA (en) 2015-12-02 2016-11-10 System and method for transacting via two-party model

Country Status (3)

Country Link
US (1) US20170161739A1 (en)
SG (1) SG11201804499XA (en)
WO (1) WO2017095602A1 (en)

Families Citing this family (5)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US8990121B1 (en) 2014-05-08 2015-03-24 Square, Inc. Establishment of a secure session between a card reader and a mobile device
US11593780B1 (en) 2015-12-10 2023-02-28 Block, Inc. Creation and validation of a secure list of security certificates
EP3520061A1 (en) * 2016-09-30 2019-08-07 Square, Inc. Fraud detection in portable payment readers
WO2018151953A1 (en) * 2017-02-15 2018-08-23 Mastercard International Incorporated Offline transaction system and method
US11003979B1 (en) * 2019-10-18 2021-05-11 Capital One Service, LLC Multi-faced payment card with partitioned dual smart chips and antennae

Family Cites Families (6)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US5434919A (en) * 1994-01-11 1995-07-18 Chaum; David Compact endorsement signature systems
JP3790032B2 (en) * 1998-01-12 2006-06-28 住友商事株式会社 Authentication settlement method using portable terminal device and portable terminal device
JP2001338239A (en) * 2000-05-26 2001-12-07 Matsushita Electric Ind Co Ltd Method and system for settlement
JP2001357464A (en) * 2000-06-13 2001-12-26 Akesesu:Kk Transaction terminal device
US20130054417A1 (en) * 2011-08-30 2013-02-28 Qualcomm Incorporated Methods and systems aggregating micropayments in a mobile device
US20150278795A1 (en) * 2014-03-26 2015-10-01 Google Inc. Secure offline payment system

Also Published As

Publication number Publication date
WO2017095602A1 (en) 2017-06-08
WO2017095602A8 (en) 2018-05-31
US20170161739A1 (en) 2017-06-08

Similar Documents

Publication Publication Date Title
SG11201804499XA (en) System and method for transacting via two-party model
SG11201808260TA (en) Method and system for instantaneous payment using recorded guarantees
SG11201807568QA (en) Systems and methods for use in transferring funds between payment accounts
SG11201803742YA (en) Method and system for processing of a blockchain transaction in a transaction processing network
SG11201806650VA (en) Systems and methods for providing a personal distributed ledger
SG11201803751VA (en) Method and system for use of a blockchain in a transaction processing network
SG11201805581WA (en) An electronic transaction method and apparatus
SG11201807706PA (en) Method and system for recording point to point transaction processing
SG11201901553RA (en) Method and system for net settlement by use of cryptographic promissory notes issued on a blockchain
SG11201903956PA (en) Systems and methods for expedited processing of authenticated computer messages
SG11201808474YA (en) Method and system for desychronization recovery for permissioned blockchains using bloom filters
SG11201808086QA (en) Method and system for an efficient consensus mechanism for permissioned blockchains using audit guarantees
SG11202000267WA (en) Method and system for transaction processing with complete cryptographic auditability
SG11201806709PA (en) Universal tokenisation system for blockchain-based cryptocurrencies
SG11201804190YA (en) Method and system for blockchain variant using digital signatures
SG11201809963XA (en) Application framework using blockchain-based asset ownership
SG11201900748QA (en) Method and system for cardless atm transaction via mobile device
SG11201908756SA (en) System and method for distributing data records using a blockchain
SG11201808737YA (en) Unique token authentication cryptogram
SG11201901068WA (en) Method for a prepaid, debit and credit card security code generation system
SG11201900052XA (en) Method and system for verification of identity attribute information
SG11201806630QA (en) Self-propelled personal transportation device
SG11201901577SA (en) Method and system for fast tracking navigation of blockchains via data manipulation
SG11201900147WA (en) Digital property management on a distributed transaction consensus network
SG11201900116RA (en) Communication flow for verification and identification check