US20080169344A1 - Bank Transaction System Linking Accounts Via Common Accounts - Google Patents

Bank Transaction System Linking Accounts Via Common Accounts Download PDF

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US20080169344A1
US20080169344A1 US10/595,574 US59557404A US2008169344A1 US 20080169344 A1 US20080169344 A1 US 20080169344A1 US 59557404 A US59557404 A US 59557404A US 2008169344 A1 US2008169344 A1 US 2008169344A1
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Prior art keywords
account
transaction
accounts
linked
primary
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US10/595,574
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English (en)
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Inghoo Huh
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Individual
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    • G—PHYSICS
    • G07—CHECKING-DEVICES
    • G07F—COIN-FREED OR LIKE APPARATUS
    • G07F19/00—Complete banking systems; Coded card-freed arrangements adapted for dispensing or receiving monies or the like and posting such transactions to existing accounts, e.g. automatic teller machines
    • 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
    • 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
    • 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
    • G06Q20/227—Payment schemes or models characterised in that multiple accounts are available, e.g. to the payer
    • 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
    • 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
    • G06Q40/02—Banking, e.g. interest calculation or account maintenance

Definitions

  • KR2002-0097303 is on method and system to restrict and monitor the indiscreet use of cyber account (or debit card) in an internet website by minors; it describes that from the client (master) applying for issuance of cyber account (or debit card) receives the bank account number to be transferred to and data including personal information (name and resident number) of the third clients (slaves) to use the account; with reference to the received data.
  • KR2002-0031531 describes on plural number of affiliate organization server; and the virtual accounts relay system and methods which includes plural number of bank server managing virtual accounts and the primary account which virtual accounts belong to, the plural number of affiliate organization server, and relay organization server to manage banking process that opening of accounts and transactions can not be estimated as virtual accounts are assigned per every transaction, such virtual accounts are left existing following the termination of transaction which makes management difficult with increasing invalid virtual accounts, and in effect opening of virtual accounts are limited to only between organizations and not available to individuals.
  • KR 2001-0000616 describes a technique on network account transfer system using main transaction account(s) and plural number of sub-accounts as well as on the method of e-commerce business. Disadvantages involved here are that this technique is mainly on creating separate accounts for transactions at shopping malls, etc., which require both the user and bank to remember all concerned accounts' number to perform the transaction via sub-accounts, furthermore, user has to bear the complexity as the transaction is via plural number of accounts. As all the transaction are not performed in real banking system, the technology also needs additional transaction process at bank to keep balance and impossible to be done in real time.
  • the purpose of this invention is to allow a convenient transaction with a bank transaction system for linked accounts via common accounts, to compose a bank transaction system wherein the existing account holder's primary account(s) and/or newly opened other holders' secondary plural accounts to link arbitrarily as defined by the account holders, transactions between the said primary and secondary accounts are performed without using the concerned account numbers.
  • Another purpose of the present invention is to allow both on-line and off-line transactions through easy linking of a primary account to existing accounts as secondary accounts and/or newly issued plural secondary accounts by the primary account holder and through integrating newly issued secondary accounts by linking to a primary account, or differentiate to individual transaction account as the primary account holder requires.
  • Another purpose of the invention is to allow the holder of primary account to transact the linked secondary accounts in real time when making transaction(s) on the primary account simultaneously.
  • Another purpose of the invention is that the each account holder of secondary account is allowed for independent transactions on her/his account as an ordinary bank account, which is defined to be secondary account by the primary account holder.
  • the said primary account is subject for inquiry and transaction with corresponding account number and PIN; and at the same time the holder of the said primary account can open linked secondary account(s), wherein one among the secondary account(s) could be appointed as another holder's own account.
  • the primary account is with serviceability in opening and making transactions on plural number of secondary accounts.
  • the secondary accounts are linked for inquiry and transaction at the same time, thus not only saved from the trouble of inquiry and transaction by each linked accounts, it is not required for the primary account holder to remember all account numbers of the linked account since inquiry and transaction is processed by either account number or name given by the primary account holder.
  • the secondary account(s) which the primary account holder has appointed is one of the linked accounts, and the secondary account holder can be selectively restricted in inquiry and transaction on the appointed account(s) other than the specified account; the other account holder which the primary account holder has appointed can do transaction to the secondary account(s) of specified link account(s), furthermore, the primary account holder can select additional services offered such as transaction from another linked secondary account(s) by referring to account classification code given to the account by the bank depending on the transaction bank; the classification and management on the said primary account and linked secondary accounts could be achieved by the account number and account classification code given by the bank; thus while utilizing the existing transaction structure at banks, at the same time to process linked secondary accounts is possible.
  • Both the account holders and bank can benefit as use of existing data format keeping compatibility in transaction in external transaction network including payment gateway is allowed.
  • the present invention when an account holder makes transaction on one primary account, transactions are done in real time on both said primary account and linked secondary accounts. Also, the linked secondary account can be offered to other person's account thus having the effect of making each transaction identical to any other bank account.
  • a holder's account as the primary account may process inquiry and transaction on primary account with the corresponding account number and PIN, at the same time the primary account holder may open linked secondary accounts wherein one of this could be designated from other's account which the primary account defined, thus opening and transaction of plural number of other accounts through one account is possible.
  • secondary accounts are linked for real time inquiry and transaction thus not only solve the inconveniences but also when the said primary account holder is making inquiry and transaction, as inquiry and transaction are possible either with the account number of linked accounts or names the primary account holder has given, memorizing all account numbers is not necessary.
  • the account of the other person which the primary account holder specifies becomes one of the linked secondary account thus can be limited in use by the other person on inquiry and transaction to only specified account and not on the primary account and other linked secondary accounts, the other person which the primary account appoints make transaction by the account number of specified and linked secondary account number, however may selectively decided by the primary account holder on additional service functions such as transactions from other linked secondary account with reference to the merchant specific code given by the bank depending on the merchants.
  • Classification and management of the said primary account and linked accounts may be achieve by individual account number as well as account classification code given by the bank, may still utilize the existing transaction structure at banks while having a new effect of linked account application.
  • transaction is processed by existing data format to the external transaction network including payment gateway, outstanding work effect is generated as both account holders and bank's benefit can be maximized.
  • FIG. 1 Prior Art—conventional debit card transaction flow
  • FIG. 2 Prior Art—transaction flow of conventional debit card in use
  • FIG. 3 Prior Art—transaction sequence of debit card transaction
  • FIG. 4 Prior Art—transaction sequence of debit card in use
  • FIG. 5 Prior Art—example of a Bank Transaction System
  • FIG. 6 Prior Art—transaction sequence via external network connection hub
  • FIG. 7 Prior Art—transaction sequence via payment gateway
  • FIG. 8 Example of account structure for an account holder
  • FIG. 9 Example of account transaction structure
  • FIG. 10 Transaction system example
  • FIG. 11 Bank account number assignment example
  • FIG. 12 Secondary account definition example
  • FIG. 13 Example of account classification code
  • FIGS. 14 ⁇ 20 Flow of linked secondary account services via ARS messages
  • FIGS. 21 ⁇ 27 Flow of linked secondary account services by SMS and/or via internet
  • FIG. 28 System for linking accounts service
  • FIG. 29 Flow of transaction via external network connection hub
  • FIG. 30 Flow of transaction via payment gateway
  • FIG. 1 is conventional debit card transaction flow, and illustrates the transaction to the subject of payment by the card/account holder's bank and cards such as credit card, cash card, or debit card etc. Transaction could be in various types but illustrated in FIG. 1 is the case of transaction on recharging debit card.
  • FIG. 1 shows the transaction structure between a card/account holder, holder's bank, a merchant to be paid, and the merchant's bank, especially, wherein all transaction information between bank to bank or bank to the subject to be paid is exchanged via payment gateway.
  • FIG. 2 illustrates transaction flow of conventional debit card in use.
  • Transaction by card could be done by communication terminal, ATM, mobile terminal and terminals other than mentioned, and details of every transaction is notified through VAN to payment gateway and finally to the central bank, the card holder's bank and merchant's bank.
  • FIG. 3 is transaction sequence of debit card transaction to understand the conventional transaction structure in FIG. 1 .
  • a card/account holder sends transaction information to the merchant (S 1 ), the merchant transmits it to the payment gateway (S 2 ), payment gateway then transmit the withdraw order together with transaction information based on the received transaction information to the account holder's bank (S 3 ).
  • account holder's bank inquires the corresponding account for transaction information and transmits the withdraw report based on the inquiry to payment gateway (S 4 ), and this withdraw report is notified to the account holder by merchant (S 5 ) (S 6 ).
  • Payment gateway provides merchant's account information as well as information to update database on transaction to the merchant's bank (S 6 ′), and at the same time, orders deposit to the merchant (S 7 ) thus deposit is made either to account holder's account or card (S 8 ).
  • merchant transmit the card/account holder's order information in database form to the merchant's bank (S 8 ′), thus allowing the merchant's bank to compare and save the database from payment gateway (S 6 ′) with order information database (S 8 ′), confirming transaction.
  • FIG. 4 is the transaction sequence of debit card in use as a prior art example shown in FIG. 2 , illustrating the data flow on using a card, etc., via transaction terminal.
  • a certain value is charged to card through card/account holder's bank (S 10 )
  • purchase takes place using the card (S 11 )
  • transaction details are transmitted to the payment gateway by terminal (S 12 ).
  • payment gateway referring to the transaction, requests for transaction process at merchant's bank (S 13 ).
  • Payment gateway notifies fund transaction details to the card/account holder's and merchant's bank, respectively (S 14 ), (S 15 ), and requests for settlement of the transaction to the central bank (S 16 ).
  • the central bank upon receiving the request for settlement of the transaction (S 16 ), in return notifies settlement of the transaction to the card/account holder's and merchant's bank respectively (S 17 ) (S 18 ), and as a result, from the merchant's bank to the card/account holder's account the transaction amount is deposited (S 19 ) is processed at the terminal.
  • FIG. 5 represents the existing bank transaction system with focus on the card/account holder's bank.
  • a main computer system ( 700 ) in charge of all transaction an account database ( 800 ) is connected, and card/account holder's account information at this account database ( 800 ) is stored and managed by the main computer system.
  • the main computer system ( 700 ) is normally connected to 2 types of network; one is a route connected to the payment gateway ( 900 ) as described in FIGS. 1 to 4 , the other is external transaction equipments connected by external network connection hub ( 600 ). It is not shown in FIG. 5 , however, the external network connection hub ( 600 ) also can be combined with security functions such as firewalls, as well as added with other functions as necessary.
  • the payment gateway ( 900 ) is connected to computer systems at different banks ( 1000 ),( 1200 ) which carries out transactions between banks, and each computer at the banks ( 1000 ),( 1200 ) is connected to the database ( 1100 ),( 1300 ) storing each account holder's account information respectively.
  • FIG. 5 shows only the bank computer systems ( 1000 ),( 1200 ) connected to payment gateway ( 900 ), however, card transaction terminal, etc., via VAN, and other authorized financial business firms' computer network could also be connected.
  • FIG. 6 describes the flow of current (existing) transaction from bank transaction system via external network connection hub ( 600 ).
  • transaction request (S 701 ) is generated from the one of terminal ( 100 ) via internet server ( 200 ), wire & wireless telephone ( 300 ), ARS server ( 400 ), and ATM terminal ( 500 )
  • the main computer system ( 700 ) which received the request in return sends back the account data request (S 702 ) to the equipment that sent specific transaction request.
  • the equipment earlier requested for transaction sends accounts data such as account number and PIN(S 703 ) to the main computer system ( 700 ), and the main computer system ( 700 ) with reference to the information received retrieves the corresponding account data from account database ( 800 ) and connects (S 704 ) to the main computer system ( 700 ).
  • main computer system ( 700 ) transmits account transfer information (S 706 ) to payment gateway ( 900 ) and acquire authorization from corresponding bank prior to settle the account (S 707 ).
  • FIG. 7 represents the flow of conventional transaction system in bank transaction via payment gateway ( 900 ) in FIG. 5 .
  • the main computer system ( 700 ) which received the request in return sends account data request (S 712 ) via payment gateway to the computer system or the terminal where corresponding transaction request is received from.
  • the unit requested earlier for transaction sends account data such as account number (S 713 ) to the main computer system ( 700 ), and the main computer system ( 700 ) with reference to the information received searches for the corresponding account from account database ( 800 ) and connects (S 714 ).
  • account data such as account number (S 713 )
  • the main computer system ( 700 ) with reference to the information received searches for the corresponding account from account database ( 800 ) and connects (S 714 ).
  • the computer system of other bank ( 1000 ),( 1200 ), card transaction terminal connected via VAN, or computer network of other authorized financial business firms processes the transaction based on assumption that the card/account holder is verified through PIN, etc., and does not re-verify, however, may add another PIN for transactions such as withdraw as needed.
  • main computer system ( 700 ) transmits account transfer information (S 706 ) to payment gateway ( 900 ), acquire authorization from corresponding bank prior to settle the account (S 708 ).
  • account transfer information S 706
  • payment gateway 900
  • S 708 acquire authorization from corresponding bank prior to settle the account
  • program(s) may add program(s) to limit or selectively perform the transaction request via bank computer system, such as corresponding account's balance, limits per transaction, number of transaction per day, the transaction banks, etc.
  • a bank with a main computer system ( 700 ) must go through payment gateway for external transaction, and as any modification or improvement is practically impossible as it requires for overall changes.
  • today's bank customers i.e. account holders, mostly have plural number of accounts at more than one bank. Therefore, as current account holders must perform transaction per each bank, not only have to remember all account numbers and PIN per each bank, but to accept the limitations due to differences in service and work hours even if online transaction between banks is allowed.
  • the plural accounts of a customer could be organized to be merged into one account, nonetheless, this not only is practically meaningless in reality for the customer has to classify the accounts by expenditure but is also expected to increase inconvenience in management.
  • FIG. 8 As an illustration of an example showing conventional structure of bank accounts on the site of the holder. It represents an ordinary account holder of a household, having the holder's account A ( 801 ), holder's household member's account B ( 802 ), and/or holder's child A's account ( 803 ), holder's child B's account ( 804 ), etc., wherein each accounts have merchant subject of payment by means of either card or cash transaction.
  • FIG. 8 As an illustration of an example showing conventional structure of bank accounts on the site of the holder. It represents an ordinary account holder of a household, having the holder's account A ( 801 ), holder's household member's account B ( 802 ), and/or holder's child A's account ( 803 ), holder's child B's account ( 804 ), etc., wherein each accounts have merchant subject of payment by means of either card or cash transaction.
  • FIG. 801 holder's account A
  • 802 holder's household member
  • account holder's account has 3 merchants A, B, and C respectively; holder's household member's account B has 2 merchants D and E; and/or holder's child A's account has merchants F and G; and child B's account has merchants H, I, and J, respectively.
  • those merchants can be account holder's child A and B's tuition fee for school and other additional institute fee, and spouse's credit card bill. Tuition fee paying to schools of account holder's child A's and B's, despite that it is simply bringing the sum to the bank or school by children, it is very well known than quite a number of accidents occur in due process. These also can be paid through GIRO and bill paying counters at bank, however, it cause much trouble as the transaction structure between banks become so complicated thus requiring a long time until payment is actually deposited into the school's account, and furthermore, decentralized managing system requires quite long time until the transaction report, as known.
  • FIG. 8 To describe the detailed system of the present invention, transaction construction of account holder's child B's account D ( 804 ) has been taken out among the structure in FIG. 8 .
  • merchants I and J represent child B's own merchants directly paid from child B's account D ( 804 ) while merchant H is although charged to child B but is actually paid from the account holder's account A ( 801 ) such as tuition fee or fee for other institutions, as describe above.
  • FIGS. 8 and 9 plural number of merchants to be paid from existing account holder's account A ( 801 ) will exist, and most of them having specific payment deadlines, the account holder will have difficulties in managing money right in time.
  • FIG. 10 Construction by the invention as a solution is illustrated in FIG. 10 .
  • Structure in FIG. 10 is subject to the existing transaction structure in FIG. 9 described previously.
  • account holder's account is the account already open or newly open account which referred to as primary account ( 1500 ) in the invention.
  • the account in primary account holder's child B's name is the linked secondary account A ( 1600 ).
  • linked secondary account B ( 1700 ) and linked secondary account C ( 1800 ) are newly created and opened.
  • the core construction of the invention is, when the primary account holder makes transaction on primary account ( 1500 ), transaction made at linked secondary account A ( 1600 ), linked secondary account B ( 1700 ), and linked secondary account C ( 1800 ) should be processed in real time. Furthermore, primary account holder's child B is offered by his/her linked account A ( 1600 ), however, connections also should be made for individual transaction to linked account B ( 1700 ) or linked account C ( 1800 ) depending on the merchants concerned.
  • An universal account number is composed of a identification number called bank (branch) code, the number to represent the type of bank account (for example, savings account, checking account, deposit account, etc.), the serial number of the account, and error checking code such as CRC code in order to check for any computer error of the complete account number.
  • bank bank
  • Conventional account number assignment does not limit the digit numbers nor positioning of the assigned digits of each account, furthermore, may increase the number digits if necessary.
  • a description in the invention on classifying the accounts to process transaction, assigning of numbers that are not used in other account for classifying the account type is preferable as in FIG. 11 . In the FIG.
  • ‘ 77 ’ is assigned as an example.
  • the primary account number previously described may be assigned in various way, however, it is preferable to assign a number with ‘0’ as the last digit.
  • Primary account holder's child B's account number described previously is assigned by fixed rules. In the example in FIG. 11 , it shows that ‘1’ has been assigned as the last digit in account serial number. Therefore, a primary account number with the last digit as ‘0’ will have linked account with identical account number except the last digit being ‘1’.
  • total 99 accounts exists aside from one primary account, which all could be assigned as linked secondary accounts and linked to the primary account.
  • FIG. 11 shows an example of individual accounts with account classification codes in addition to their account number, wherein account classification code is ‘00’ for primary account number and account classification code ‘01’ for linked secondary account A.
  • the account classification code also can be extended more in digits to specify merchants or transaction management number by the bank.
  • FIG. 12 illustrates a sketch of individual account name. According to the description on the said bank account number assignment, if the primary account holder of the account serial number with the last digit as ‘0’ is James', the account of Jason who is a child of James becomes a linked secondary account with account serial number with the last digit ‘1’.
  • James who is the holder of primary account may make transactions to all linked secondary accounts including Jason's account by the structure to be described later, wherein each linked secondary accounts can be named, Jason's account as Jason's allowance and rest of the linked accounts can be named as described in FIG. 11 , be named as Jason's tuition fee, Jason's institution fee, etc., respectively.
  • FIG. 11 a large number of accounts also can be named as such through off-line subscription at the bank counter.
  • FIG. 13 illustrates an example of classifying the account classification code at the bank where the said accounts are opened. Since the account with account classification code ‘00’ is the primary account, it is the primary account of account group including secondary accounts as described in FIG. 11 and FIG. 12 .
  • the primary account as described in FIGS. 10 to 12 may process inquiry and transaction in real time on the primary account and all linked secondary accounts, not only used independently by each account's number, but also do inquiry and transaction by the name the primary account holder has assigned.
  • the account having account classification code ‘01’ is one of the linked secondary accounts and may be used as another account holder's independent account. Rest of the linked secondary accounts are merchant specified accounts defined by the primary account holder, i.e. only the specified merchant is allowed to connect.
  • ‘ 99 ’ represents school
  • ‘ 98 ’ the authorized institute
  • ‘ 97 ’ is for mobile communication bill
  • ‘ 96 ’ transportation fee wherein these merchant specified accounts will only pay to each of the predetermined merchant.
  • the person who has been assigned to account with account classification code ‘01’ (who is primary account holder's child B in the previous description) could only do inquiry or transaction on those with account classification code ‘01’.
  • the predetermined merchants such as schools, institutes, mobile communication, transportation card, etc., requests for other primary account holder's card transaction, etc.
  • the primary account holder's bank will compare it with the account classification code for transaction from the corresponding account.
  • each of the primary account number can have the number intervals of 100 or up to 1000 number steps, assigning 10 to 100 number steps to the respective linked secondary account groups, wherein each linked accounts are assigned last one digit between 1 ⁇ 9 in the 10 digits and expand to 01 ⁇ 99 in the 100 digit as necessary; could also serve same purpose by assigning the digits in front or middle of the complete account number at convenience and security.
  • the required digits of account number can be converted into binary numbers, i.e.
  • account number classification is described by any of number system, on the total account number of L digit in a number system N, from M-digit which is smaller than L digit a portion is taken, and one of them is assigned to the primary account, another one to the account which the primary account holder appoints; and among the account number groups expressed in M digits of a number system N which is smaller than digit numbers of L, could be assigned as linked secondary accounts except already mentioned two of primary and appointed accounts accomplishing the account allocation of the present invention.
  • the holder of the primary account can appoint other holder's account number in plural and assign numbers per each to possess linked secondary accounts respectively.
  • the account may process inquiry and transaction with it's account number and PIN.
  • the primary account holder can open linked secondary accounts, wherein one of those may be the account of another holder which the primary account holder appoints.
  • the secondary accounts are also linked to process inquiry and transaction real time.
  • the said primary account holder when the said primary account holder is processing inquiry and transaction on the linked secondary accounts, it could be done on each of the account with the account number of linked secondary accounts or with the account names defined by the primary account holder.
  • the other account holder's account the primary account holder appoints is one of the linked secondary accounts, and the other holder above can be limited on processing inquiry and transaction only to the said appointed account and not to the primary account and other linked secondary accounts.
  • the other account the primary account holder appoints can process transaction by the account number of the appointed linked account, however, the bank can process transaction from another linked secondary account depending on the merchant with reference to the merchant classification code.
  • the classification and management on the primary account and linked secondary accounts is achieved by the individual account number and account classification code given by the bank.
  • holder's bank must be able to offer data service such as the following in order to offer the services in the invention previously described in FIGS. 10 to 13 in addition to the existing account management data.
  • the banking system have to assign separate identification code (bank account type, etc.) to the primary account ( 1500 ) and linked secondary accounts ( 1600 ), ( 1700 ), ( 1800 ) for the service in the invention;
  • the primary account holder may have to submit needed information through applying at the primary account holder's bank counter by filling up the forms for the primary account and linked secondary accounts, and the desired names for each respective linked secondary accounts however, the more preferable way would be processing inquiry and transaction by possessing the accounts of invention through communication equipment or data terminals.
  • FIG. 14 illustrates the flow of message for the linked account service via ARS.
  • the primary account holder verified by account number and PIN, selects the services for linked accounts with key buttons of a telephone, which will be connected to corresponding service routine as ARS server decodes.
  • ARS service in FIG. 14 is achieved by the ARS server ( 400 ) connected to the wire & wireless telephone in FIG. 5
  • an identically structured service may be achieved by SMS via mobile communication and wireless internet, as well as via terminal ( 200 ) connected to internet server ( 200 ) in FIG. 5 , a construction with equal function.
  • FIG. 21 illustrates an example of providing the same service content via short message service or internet.
  • the service in FIG. 21 is very much alike in providing linked account services of the invention except that the primary account holder personally has to move curser, etc., to make selections in the displayed screen and the messages are in text form.
  • FIG. 15 is the ARS routing for applying and acquiring new linked accounts via ARS to a pre-opened primary account, wherein another linked account's holder appointed by the primary account holder is more than one and under presumption that information on above future account holder such as name and linked account name have been provided at the bank.
  • FIG. 22 illustrates the flow of identical service exemplified by SMS via mobile communication or wireless internet service or via terminal ( 100 ) connected to internet server ( 200 ) of FIG. 5 .
  • FIG. 16 shows service message to designate as linked accounts when both the primary account and the accounts to be designated as linked secondary accounts have already been opened;
  • FIG. 23 exemplifies the service through SMS via mobile communication or wireless internet service, or via terminal ( 100 ) connected to internet server ( 200 ) of FIG. 5 .
  • FIGS. 17 and 24 illustrate service message flow on guiding pre-opened primary account and linked secondary accounts in ARS as well as SMS and wireless internet.
  • FIGS. 18 and 25 illustrate balance summary inquiry service message flow on pre-opened linked secondary accounts.
  • FIGS. 19 and 20 illustrate message service to deposit and withdraw within the primary account and selected linked secondary accounts by ARS;
  • FIGS. 26 and 27 show the same message service by SMS via mobile communication or wireless internet service or via terminal ( 100 ) connected to internet server ( 200 ) of FIG. 5 .
  • ARS service is done by wire or mobile telephone ( 300 ) and the ARS server ( 400 ) connected to; identically structured service also may be done by SMS via mobile communication or wireless internet service or via terminal ( 100 ) connected to internet server ( 200 ) of FIG. 5 .
  • FIG. 28 The structure of the computer system in the present invention to offer link service within primary account and linked secondary accounts is illustrated in FIG. 28 .
  • an account database ( 800 ) is connected, and at this account database ( 800 ) the account holder's account information is saved and managed by the main computer system ( 700 ).
  • the main computer system ( 700 ), in general, is connected to two types of network; one is the route connected to the payment gateway ( 900 ) as previously described; and the other is to external transaction equipment connected to the external network connection hub ( 600 ). Security measures such as firewalls could be combined to the external network connection hub ( 600 ), and supplementary functions can be added as needed.
  • ARS server ( 400 ) which transmits transaction data created by DTMF measure, etc., at the terminal ( 100 ) connected via internet server ( 200 ), at wire & wireless telephone ( 300 ), to main computer system ( 700 ) via external network connection hub ( 600 ), and the ATM terminal ( 500 ), and in addition to mentioned equipments various other transaction equipments including counter terminals are used.
  • KTFC payment gateway ( 900 ) is connected to other bank's computer system ( 1000 ),( 1200 ) processing inter-bank transaction, and each holder's account information is driven to database ( 1100 ),( 1300 ) at their respective bank ( 1000 ),( 1200 ).
  • FIG. 28 illustrates as only the bank computer systems ( 1000 ),( 1200 ) connected to the payment gateway ( 900 ), however, as previously described not only the card transaction terminal, etc., could be connected via VAN, but other authorized merchant's computer network could also be connected.
  • a linked account translator ( 1400 ) is disclosed, and transactions at accounts are processed by main computer system ( 700 ) via above linked account translator ( 1400 ).
  • linked account translator ( 1400 ) To the linked account translator ( 1400 ) above, primary account ( 500 ), linked account A ( 1600 ), linked account B ( 1700 ), linked account C ( 1800 ), etc., are connected to process transaction according to main computer system ( 700 )'s requests.
  • a separate code bank account type, etc.
  • Such linked account translator ( 1400 ) function could be a separately constructed computer system aside from the main computer system ( 700 ), and when linked accounts' data volume is minimal may as well feature the function of linked secondary account translator ( 1400 ) as software.
  • the linked secondary accounts ( 1600 ), ( 1700 ), ( 1800 ) in FIG. 28 may be regard as a type of account wherein only the account number differing from the account database ( 800 ) at main computer system ( 700 ), the case has not been illustrated in the Figure, can manage the account database ( 800 ) with the primary account ( 1500 ), linked secondary account A ( 1600 ), linked secondary account B ( 1700 ), and linked secondary account C ( 1800 ).
  • a common account ( 1900 ) is connected to the main computer system ( 700 ), wherein the common account ( 1900 ) acting as a temporary account accessed to save while processing, meaning the account created by the main computer system ( 700 ) for transaction via above external network connection hub ( 600 ), account transaction of account database ( 800 ), linked account translator ( 1400 ) and linked accounts ( 1600 ), ( 1700 ), ( 1800 ), and/or inter-account transaction (or transaction within accounts) via payment gateway ( 900 ).
  • main computer system ( 700 ) may save the transaction details in batch process, transaction details transferred by the main computer system ( 700 ) from the saved common account ( 1900 ) to another merchant account respectively, and the actual structure can have construction identical to that of any other bank accounts.
  • FIG. 29 illustrates, as represented by FIG. 18 on the construction of the invention previously described, the data flow on creation of transaction data by DTMF measures, etc., at the terminal ( 100 ) connected via internet server ( 200 ) and wire & wireless telephone ( 300 ), and on transmission of transaction data from ARS server ( 400 ), ATM terminal ( 500 ), and counter terminals, etc., to main computer system ( 700 ) via external network connection hub ( 600 ).
  • a transaction request (S 701 ) is created from the terminal ( 100 ) connected via internet server ( 200 ), wire & wireless telephone ( 300 ) via ARS server ( 400 ), the ATM terminal ( 500 ), etc.
  • the main computer system ( 700 ) which received the request in return sends account data request (S 702 ) to the equipment which the respective transaction request is created and transferred. From the equipment which requested for transaction, account data such as account number and PIN(S 703 ) is sent to the main computer system ( 700 ).
  • main computer system decides if the account is a linked account by the previously described account number classification, then notifies (S 1401 ) to linked account translator ( 1400 ).
  • the linked account translator ( 1400 ) connects (S 1402 ), (S 1403 ), (S 1404 ), (S 1405 ) corresponding primary account as well as linked accounts to the main computer system ( 700 ) respectively at the request of main computer system ( 700 )'s request; with reference to it, the main computer system ( 700 ) selects linked account based on the data from the external network connection hub ( 600 ), upon receiving selected transaction (S 1407 ), transaction information, as well as transaction amount (S 705 ) from the main computer system ( 700 ), make settlements (S 708 ) in the common account with the information on transaction summary as well as transaction amount (S 705 ) with reference to above transaction detail.
  • the main computer system ( 700 ) make settlements (S 1408 ) on the primary account as well as linked account(s) by information on transaction summary and amount from the common account ( 1900 ), then the transactions (S 1409 ) ⁇ (S 1412 ) for each account actually takes place. If the result of transaction information happens to require transaction to bank other than the account opened bank such as the transfer to the account at bank other than account opened bank, the main computer system ( 700 ) transmits account transfer information (S 706 ) to payment gateway ( 900 ) for approval of the respective bank, be authorized, then make settlements (S 708 ) in the common account together with the transaction information and amount, etc., with reference to the said transaction details.
  • the main computer system ( 700 ) make settlements (S 1408 ) on primary account as well as the linked account based on information on the transaction statement and amount from the common account ( 1900 ), and transaction (S 1409 ) ⁇ (S 1412 ) for each account actually takes place.
  • FIG. 30 illustrates the flow of transaction via payment gateway ( 900 ).
  • a transaction request (S 711 ) is created by other bank's computer system ( 1000 ), ( 1200 ), card transaction terminal connected via VAN, and by the other authorized financial trade institute
  • the main computer system ( 700 ) send account data request (S 712 ) via payment gateway ( 900 ) to the computer system or terminal which created the respective transaction request.
  • the equipment that requested transaction sends account data such as account number (S 713 ) via payment gateway ( 900 ) to the main computer system ( 700 ), and the main computer system ( 700 ) in return by recognizing the account as a linked account by previously described account number classification, transmits (S 1420 ) account number to the linked secondary account translator ( 1400 ).
  • the linked account translator ( 1400 ) connects (S 1421 ), (S 1422 ), (S 1423 ), (S 1424 ) corresponding the primary account as well as linked accounts to the main computer system ( 700 ) respectively at the request of main computer system ( 700 ).
  • the linked account translator ( 1400 ) connects (S 1421 ), (S 1422 ), (S 1423 ), (S 1424 ) the corresponding primary account as well as linked account to the main computer system.
  • the account holder has been verified by PIN, etc., at the other bank computer system ( 1000 ), ( 1200 ), card transaction terminal connected via VAN, and at computer system of the other authorized financial trade institute, does not check for PIN, etc., however, may give additional PIN in case of transactions like withdraw.
  • the main computer system ( 700 ) transmits (S 1425 ) it to the linked account translator ( 1400 ).
  • the linked account translator ( 1400 ) decides by the transaction information from the linked account translator ( 1400 ) if the corresponding merchant is a pre-authorized organization, i.e. transaction information is identical to the respective merchant specified account.
  • the existing transaction information transmitted via payment gateway ( 900 ) includes transaction terminal ID number, or the identification code of the merchant where transaction terminal is installed, and therefore in which case the merchant is specified as the merchant in the invention, i.e. is among the linked accounts of account holder's account if it is the merchant specified for transaction, transaction could be made from the designated merchant specified account among the primary account holder's linked secondary accounts. If the primary account holder designated one of the linked accounts to one specific school, transaction could be made accordingly by the transaction terminal number and code and school's identification code from the transaction information transmitted via payment gateway ( 900 ).
  • the linked account translator ( 1400 ) transmits yes or no on authorization to the main computer system ( 700 ), and the main computer system ( 700 ) in return transmits authorization information (S 716 ) to the payment gateway ( 900 ), make settlement (S 717 ) in the common account together with the information on the transaction statement and amount, etc., by referring to the transaction details.
  • the main computer system ( 700 ) then make settlements (S 1427 ) in the primary account as well as linked account according to the information on the transaction information and amount, etc., from the common account ( 1900 ), followed by the actual transaction (S 1428 ) ⁇ (S 1431 ) on each corresponding accounts.
  • the transaction bank computer system requests may be processed selectively or limitedly.
  • this invention's construction has the advantage to perform the linked account service in this invention without modifying function of the conventional main computer system ( 700 ) substantially.
  • the primary account holder may appoint the other account holder's account number in plural and manage the linked accounts in group by assigning numbers to each of other account holder's account number to possess linked accounts respectively.

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US20070130062A1 (en) 2007-06-07
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EP1695274A4 (de) 2007-05-09
WO2005059794A1 (en) 2005-06-30
KR100439437B1 (ko) 2004-07-09
RU2006114681A (ru) 2008-01-27
WO2005059795A1 (en) 2005-06-30
KR20040011401A (ko) 2004-02-05
JP2007510217A (ja) 2007-04-19
EP1695275A4 (de) 2007-05-30
CN1902657A (zh) 2007-01-24
RU2336568C2 (ru) 2008-10-20
EP1695274A1 (de) 2006-08-30

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