SG11201807812PA - Method and system for point to point transaction processing - Google Patents

Abstract

INTERNATIONAL APPLICATION PUBLISHED UNDER THE PATENT COOPERATION TREATY (PCT) (19) World Intellectual Property -, Organization MD 1111101110101011111 HO 11111011101111101110101011011111111011 III International Bureau 0.. .... .. ..... ..or::,„, (10) International Publication Number (43) International Publication Date WO 2017/156204 Al 14 September 2017 (14.09.2017) WIP0 I PCT (51) International Patent Classification: (81) Designated States (unless otherwise indicated, for every G06Q 20/02 (2012.01) G06Q 20/10 (2012.01) kind of national protection available): AE, AG, AL, AM, AO, AT, AU, AZ, BA, BB, BG, BH, BN, BR, BW, BY, (21) International Application Number: BZ, CA, CH, CL, CN, CO, CR, CU, CZ, DE, DJ, DK, DM, PCT/US2017/021473 DO, DZ, EC, EE, EG, ES, FI, GB, GD, GE, GH, GM, GT, (22) International Filing Date: HN, HR, HU, ID, IL, IN, IR, IS, JP, KE, KG, KH, KN, 9 March 2017 (09.03.2017) KP, KR, KW, KZ, LA, LC, LK, LR, LS, LU, LY, MA, MD, ME, MG, MK, MN, MW, MX, MY, MZ, NA, NG, (25) Filing Language: English NI, NO, NZ, OM, PA, PE, PG, PH, PL, PT, QA, RO, RS, (26) Publication Language: English RU, RW, SA, SC, SD, SE, SG, SK, SL, SM, ST, SV, SY, TH, TJ, TM, TN, TR, TT, TZ, UA, UG, US, UZ, VC, VN, (30) Priority Data: ZA, ZM, ZW. 62/307,017 11 March 2016 (11.03.2016) US (84) Designated States (unless otherwise indicated, for every (71) Applicant: MASTERCARD INTERNATIONAL IN- kind of regional protection available): ARIPO (BW, GH, CORPORATED [US/US]; 2000 Purchase Street, Pur- GM, KE, LR, LS, MW, MZ, NA, RW, SD, SL, ST, SZ, chase, NY 10577 (US). TZ, UG, ZM, ZW), Eurasian (AM, AZ, BY, KG, KZ, RU, (72) Inventors: MATTINGLY, Timothy, Warren; 14055 TJ, TM), European (AL, AT, BE, BG, CH, CY, CZ, DE, Baywood Village Drive, Chesterfield, MO 63017 (US). DK, EE, ES, FI, FR, GB, GR, HR, HU, IE, IS, IT, LT, LU, MEHTA, Saurabh; 25 Bank Street, Apt. 220E, White LV, MC, MK, MT, NL, NO, PL, PT, RO, RS, SE, SI, SK, SM, TR), OAPI (BF, BJ, CF, CG, CI, CM, GA, GN, GQ, Plains, NY 10606 (US). RETHORN, Mike; 2633 Wyn- GW, KM, ML, MR, NE, SN, TD, TG). _ ncrest Ridge Drive, Wildwood, MO 63005 (US). Published: (74) Agent: DOBBYN, Colm J.; Mastercard International In- = corporated, 2000 Purchase Street, Purchase, NY 10577 — with international search report (Art. 21(3)) = (US). = = (54) Title: METHOD AND SYSTEM = - Sender = 112 - = = _ = = =System li 114. 0 N ill n (57) : A method for processing 1-1 ---- to a payment transaction including I r ----- second transaction message related to the payment I-1 mining the second transaction message el ceipt of a currency amount equivalent en. ) sage related to the payment transaction amount; and transmitting the third ber. 71' Sender Institution FOR POINT TO POINT TRANSACTION Network Sendor a point a transaction to a first to the payment including transaction message to 109 to point amount, primary account number, transaction fmancial the recipient amount First 104 i.. payment a second Computing institution from Device . Siwond FIG. Computkig including account, number 106 1 transaction includes: receiving a the first fmancial institution; fmancial, associated 110 payment amount based with the and a settlement institution PROCESSING Recipient System Recipient and recipient primary account, Recipient associated il il a Network Institution generating 118 1 6 first transaction message related account number; generating a on the transaction amount; trans - number; determining re- a third transaction mes - amount based on the transaction with the recipient account num-