SG11202101601VA - Method, system, and computer program product for providing installment payment options for a payment transaction - Google Patents

Method, system, and computer program product for providing installment payment options for a payment transaction

Info

Publication number
SG11202101601VA
SG11202101601VA SG11202101601VA SG11202101601VA SG11202101601VA SG 11202101601V A SG11202101601V A SG 11202101601VA SG 11202101601V A SG11202101601V A SG 11202101601VA SG 11202101601V A SG11202101601V A SG 11202101601VA SG 11202101601V A SG11202101601V A SG 11202101601VA
Authority
SG
Singapore
Prior art keywords
computer program
program product
payment
payment transaction
options
Prior art date
Application number
SG11202101601VA
Inventor
Yuexi Chen
Eduardo Vaena
Xiaodong Jiang
Sarthak Basak
Mathieu Altwegg
Hamish Moline
Madhur Singhal
Liza Agresta
Geir Forde
Original Assignee
Visa Int Service Ass
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 Visa Int Service Ass filed Critical Visa Int Service Ass
Publication of SG11202101601VA publication Critical patent/SG11202101601VA/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
    • G06Q20/24—Credit schemes, i.e. "pay after"
    • 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
    • G06Q20/102—Bill distribution or payments
    • 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
    • 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
    • G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
    • G06Q40/03—Credit; Loans; Processing thereof

Landscapes

  • Business, Economics & Management (AREA)
  • Accounting & Taxation (AREA)
  • Engineering & Computer Science (AREA)
  • Finance (AREA)
  • Physics & Mathematics (AREA)
  • Theoretical Computer Science (AREA)
  • General Physics & Mathematics (AREA)
  • Strategic Management (AREA)
  • General Business, Economics & Management (AREA)
  • Development Economics (AREA)
  • Economics (AREA)
  • Computer Security & Cryptography (AREA)
  • Technology Law (AREA)
  • Marketing (AREA)
  • Computer Networks & Wireless Communication (AREA)
  • Financial Or Insurance-Related Operations Such As Payment And Settlement (AREA)
SG11202101601VA 2018-08-31 2019-09-03 Method, system, and computer program product for providing installment payment options for a payment transaction SG11202101601VA (en)

Applications Claiming Priority (2)

Application Number Priority Date Filing Date Title
US201862725553P 2018-08-31 2018-08-31
PCT/US2019/049296 WO2020047534A1 (en) 2018-08-31 2019-09-03 Method, system, and computer program product for providing installment payment options for a payment transaction

Publications (1)

Publication Number Publication Date
SG11202101601VA true SG11202101601VA (en) 2021-03-30

Family

ID=69639950

Family Applications (1)

Application Number Title Priority Date Filing Date
SG11202101601VA SG11202101601VA (en) 2018-08-31 2019-09-03 Method, system, and computer program product for providing installment payment options for a payment transaction

Country Status (3)

Country Link
US (2) US11250407B2 (en)
SG (1) SG11202101601VA (en)
WO (1) WO2020047534A1 (en)

Families Citing this family (9)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US11636473B2 (en) * 2018-11-08 2023-04-25 International Business Machines Corporation Altering account numbers into invalid account numbers for secure transmission and storage
US20210326894A1 (en) * 2020-04-21 2021-10-21 Mastercard International Incorporated Computer-implemented system and method for isolating payment messages having deficient standard data elements
CN115427999A (en) * 2020-06-12 2022-12-02 维萨国际服务协会 Multifunctional user device
US20220051316A1 (en) * 2020-08-12 2022-02-17 The Toronto-Dominion Bank Credit-Based Installment Financing
US20220164868A1 (en) * 2020-11-24 2022-05-26 Fidelity Information Services, Llc Real-time online transactional processing systems and methods
US20230410080A1 (en) * 2022-06-17 2023-12-21 Mastercard International Incorporated System and method for securing information in a network
US20240104647A1 (en) * 2022-09-26 2024-03-28 Affirm, Inc. Method and apparatus for mapping of planned purchases with pre-approved financing terms to financial transactions
US20240112249A1 (en) * 2022-10-03 2024-04-04 Affirm, Inc. Integration of financing into a customer self-checkout involving scanning products with a user device
US12002055B1 (en) 2023-09-13 2024-06-04 Progressive Casualty Insurance Company Adaptable processing framework

Family Cites Families (13)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US20060155639A1 (en) * 2000-06-03 2006-07-13 Joan Lynch System and method for automated process of deal structuring
WO2008027621A1 (en) * 2006-03-30 2008-03-06 Obopay Inc. Mobile person-to-person payment system
US20150278949A1 (en) * 2007-12-27 2015-10-01 Pay It Simple Ltd. Methods, Systems, Devices and Associated Computer Executable Code for Facilitating Securitized Funding of Up-front Payments
CA2722933A1 (en) * 2008-04-29 2009-11-05 Visa U.S.A. Inc. Device including form factor indicator
WO2011109479A1 (en) * 2010-03-02 2011-09-09 Zeringue Steven J Method and system for reduced-risk extension of credit
US10740731B2 (en) * 2013-01-02 2020-08-11 Visa International Service Association Third party settlement
US10489754B2 (en) * 2013-11-11 2019-11-26 Visa International Service Association Systems and methods to facilitate the redemption of offer benefits in a form of third party statement credits
US10963875B2 (en) * 2014-09-08 2021-03-30 Vyze, Inc. Processing financial products
US10402806B2 (en) * 2015-04-29 2019-09-03 Mastercard International Incorporated Method and system for POS enabled installments with eligibility check requirements
SG10201510737QA (en) * 2015-12-29 2017-07-28 Mastercard International Inc A Method For Authorizing A Transaction Request For A Payment Card
US10529016B2 (en) * 2016-03-18 2020-01-07 Mastercard International Incorporated Method and system for pre-transaction installment payment solution and simulation of installment
US10540645B2 (en) * 2016-05-05 2020-01-21 Mastercard International Incorporated Method and system for facilitating installments in an electronic transaction
US20190188789A1 (en) * 2017-12-19 2019-06-20 Mastercard International Incorporated Method and system for servicing and cofunding of installments

Also Published As

Publication number Publication date
US20220138719A1 (en) 2022-05-05
US11250407B2 (en) 2022-02-15
WO2020047534A1 (en) 2020-03-05
US20200074434A1 (en) 2020-03-05

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