WO1998030985A3 - Computerized money transfer system - Google Patents

Computerized money transfer system Download PDF

Info

Publication number
WO1998030985A3
WO1998030985A3 PCT/IL1998/000005 IL9800005W WO9830985A3 WO 1998030985 A3 WO1998030985 A3 WO 1998030985A3 IL 9800005 W IL9800005 W IL 9800005W WO 9830985 A3 WO9830985 A3 WO 9830985A3
Authority
WO
WIPO (PCT)
Prior art keywords
money
vendor
pin
mdti
shopper
Prior art date
Application number
PCT/IL1998/000005
Other languages
French (fr)
Other versions
WO1998030985A2 (en
Inventor
Zvi Kamil
Eli Nhaissi
Original Assignee
Aerotel Ltd
Zvi Kamil
Eli Nhaissi
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 Aerotel Ltd, Zvi Kamil, Eli Nhaissi filed Critical Aerotel Ltd
Priority to JP53070598A priority Critical patent/JP2001508569A/en
Priority to EP98900151A priority patent/EP0988623A2/en
Publication of WO1998030985A2 publication Critical patent/WO1998030985A2/en
Publication of WO1998030985A3 publication Critical patent/WO1998030985A3/en

Links

Classifications

    • G—PHYSICS
    • G07—CHECKING-DEVICES
    • G07F—COIN-FREED OR LIKE APPARATUS
    • G07F7/00—Mechanisms actuated by objects other than coins to free or to actuate vending, hiring, coin or paper currency dispensing or refunding apparatus
    • G07F7/08—Mechanisms actuated by objects other than coins to free or to actuate vending, hiring, coin or paper currency dispensing or refunding apparatus by coded identity card or credit card or other personal identification means
    • G07F7/10—Mechanisms actuated by objects other than coins to free or to actuate vending, hiring, coin or paper currency dispensing or refunding apparatus by coded identity card or credit card or other personal identification means together with a coded signal, e.g. in the form of personal identification information, like personal identification number [PIN] or biometric data
    • G07F7/1008—Active credit-cards provided with means to personalise their use, e.g. with PIN-introduction/comparison system
    • 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
    • G06Q20/02—Payment architectures, schemes or protocols involving a neutral party, e.g. certification authority, notary or trusted third party [TTP]
    • 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
    • G06Q20/04—Payment circuits
    • 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
    • G06Q20/12—Payment architectures specially adapted for electronic shopping 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
    • G06Q20/22—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
    • G06Q20/30—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
    • G06Q20/341—Active cards, i.e. cards including their own processing means, e.g. including an IC or chip
    • 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
    • G06Q20/405—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
    • 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
    • G06Q20/4093—Monitoring of device authentication

Landscapes

  • Business, Economics & Management (AREA)
  • Accounting & Taxation (AREA)
  • Engineering & Computer Science (AREA)
  • General Physics & Mathematics (AREA)
  • Physics & Mathematics (AREA)
  • Strategic Management (AREA)
  • General Business, Economics & Management (AREA)
  • Theoretical Computer Science (AREA)
  • Finance (AREA)
  • Computer Security & Cryptography (AREA)
  • Microelectronics & Electronic Packaging (AREA)
  • Computer Networks & Wireless Communication (AREA)
  • Development Economics (AREA)
  • Economics (AREA)
  • Financial Or Insurance-Related Operations Such As Payment And Settlement (AREA)

Abstract

A system for electronically transferring money from a shopper's account located in a Money Deposit and Transfer Institution (MDTI) to a designated account belonging to a vendor, said system comprising: a money designator which sets aside a specific sum of money at the MDTI responsive to a request by the shopper to pay for purchases from a vendor; a number generator at said MDTI which issues an account number and a first personal identification number (PIN) to said shopper, and a second PIN to the shopper to be supplied to the vendor; a comparator in said MDTI comparing said issued second PIN and the second PIN supplied by the vendor to verify a requested transfer of the specific sum of money to the vendor; and a money transferor transferring the specific sum of money to said vendor responsive to the verification of the second PIN number.
PCT/IL1998/000005 1997-01-06 1998-01-05 Computerized money transfer system WO1998030985A2 (en)

Priority Applications (2)

Application Number Priority Date Filing Date Title
JP53070598A JP2001508569A (en) 1997-01-06 1998-01-05 Money transfer system by computer
EP98900151A EP0988623A2 (en) 1997-01-06 1998-01-05 Computerized money transfer system

Applications Claiming Priority (2)

Application Number Priority Date Filing Date Title
IL11996597A IL119965A0 (en) 1997-01-06 1997-01-06 Computerized money transfer system
IL119965 1997-01-06

Publications (2)

Publication Number Publication Date
WO1998030985A2 WO1998030985A2 (en) 1998-07-16
WO1998030985A3 true WO1998030985A3 (en) 1998-09-11

Family

ID=11069663

Family Applications (1)

Application Number Title Priority Date Filing Date
PCT/IL1998/000005 WO1998030985A2 (en) 1997-01-06 1998-01-05 Computerized money transfer system

Country Status (4)

Country Link
EP (1) EP0988623A2 (en)
JP (1) JP2001508569A (en)
IL (1) IL119965A0 (en)
WO (1) WO1998030985A2 (en)

Cited By (2)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US7433845B1 (en) 1999-04-13 2008-10-07 Orbis Patents Limited Data structure, method and system for generating person-to-person, person-to-business, business-to-person, and business-to-business financial transactions
US8676707B2 (en) 1998-03-25 2014-03-18 Orbis Patents Ltd. Credit cards system and method having additional features

Families Citing this family (28)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US8468089B1 (en) 1998-09-21 2013-06-18 International Business Machines Corporation Method of improving security in electronic transactions
PT1153375E (en) * 1999-02-18 2003-06-30 Orbis Patents Ltd SYSTEM AND METHOD FOR CREDIT CARDS
GB2352861A (en) * 1999-08-04 2001-02-07 Int Computers Ltd Payment transaction system
EP1077436A3 (en) 1999-08-19 2005-06-22 Citicorp Development Center, Inc. System and method for performing an on-line transaction using a single-use payment instrument
JP2003507824A (en) * 1999-08-25 2003-02-25 インレット アイピー ホールディングス エルエルシー Guarantee system for performing electronic commerce and method used therefor
WO2001043084A2 (en) * 1999-12-06 2001-06-14 Pielemeier Ted A Method of masking the identity of a purchaser during a credit transaction
GB2366007B (en) * 2000-02-09 2004-07-07 Roy William Buckland Credit and charge security technology and mechanism for e-commerce
GB2359652A (en) * 2000-02-24 2001-08-29 Menachem Mendel Sudak Electronic payment system
EP1132878A3 (en) * 2000-03-03 2004-04-14 Dietrich Heinicke Method for payment administration in electronic networks which are at least partially public access
GB0005392D0 (en) * 2000-03-06 2000-04-26 Innovation Venture Ltd Transaction processing system and method of operation thereof
JP2001344545A (en) * 2000-03-29 2001-12-14 Ibm Japan Ltd Processing system, server, processing terminal, communication terminal, processing method, data managing method, processing performing method and program
DE10023251A1 (en) * 2000-05-12 2001-12-20 Logo Hardware & Internet Servi Payment card and method of payment using a payment card
AU2001264179A1 (en) * 2000-05-26 2001-12-03 Nilo Vilela Cardoso Secure payment process for on-line transactions
DE10066375A1 (en) * 2000-08-09 2007-10-25 Vodafone Holding Gmbh Procedure for payment at any sales or service points with mobile phone
US7716129B1 (en) 2000-08-22 2010-05-11 Beng Teck Alvin Tan Electronic payment methods
JP2002123779A (en) * 2000-10-12 2002-04-26 Hitachi Ltd Method and system for processing settlement and recording medium with stored program
RU2174707C1 (en) * 2000-10-31 2001-10-10 Закрытое акционерное общество "Дженерал Текнолоджис" Method for carrying on trade operations using clearing transactions through communication network
RU2174708C1 (en) * 2000-11-15 2001-10-10 Закрытое акционерное общество "Дженерал Текнолоджис" Method for carrying on trade operations using clearing transactions through communication network
RU2174709C1 (en) * 2000-12-09 2001-10-10 Закрытое акционерное общество "Дженерал Текнолоджис" Method for paying for goods (works, services) through bankomate
EP1265202A1 (en) 2001-06-04 2002-12-11 Orbis Patents Limited Business-to-business commerce using financial transaction numbers
ATE347154T1 (en) * 2001-07-16 2006-12-15 Francotyp Postalia Gmbh SECURITY MODULE FOR AN ACCOUNT MANAGEMENT SYSTEM
FR2837952B1 (en) * 2002-03-29 2004-10-22 Michel Mestrallet ONLINE PAYMENT PROCESS
EA007365B1 (en) 2002-11-27 2006-10-27 Генрик Кулаковски Method of accounting electronic transactions and method of effecting electronic transactions via phone
WO2006018709A1 (en) * 2004-08-20 2006-02-23 Gary John Kamp Improved security for bank card payments
NL1030506C2 (en) * 2005-11-24 2007-05-25 Paydutch Holding B V System for setting up a transaction between at least two parties via a network of computers and a method.
US20090043696A1 (en) * 2007-08-08 2009-02-12 Electronic Payment Exchange Payment Processor Hosted Account Information
AT10546U3 (en) * 2008-07-21 2009-11-15 Andreas Traint ABUSE FREE, ANONYMOUS PAYMENT SYSTEM
SE540948C2 (en) * 2015-09-29 2019-01-08 Jan Vestlund Payment system for a buyer and a seller

Citations (7)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
WO1986007647A1 (en) * 1985-06-18 1986-12-31 Ventronic Venture Electronics Ab An arrangement for making payments by credit card
US5163098A (en) * 1990-09-06 1992-11-10 Dahbura Abbud S System for preventing fraudulent use of credit card
EP0590861A2 (en) * 1992-09-29 1994-04-06 AT&T Corp. Secure credit/debit card authorization
WO1995012169A1 (en) * 1993-10-25 1995-05-04 Visa International Service Association A method and apparatus for disbributing currency
US5479510A (en) * 1994-11-15 1995-12-26 Olsen; Kurt B. Automated data card payment verification method
WO1996026508A1 (en) * 1995-02-22 1996-08-29 Electronic Data Systems Corporation System and method for electronic transfer of funds using an automated teller machine to dispense the transferred funds
US5590197A (en) * 1995-04-04 1996-12-31 V-One Corporation Electronic payment system and method

Patent Citations (7)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
WO1986007647A1 (en) * 1985-06-18 1986-12-31 Ventronic Venture Electronics Ab An arrangement for making payments by credit card
US5163098A (en) * 1990-09-06 1992-11-10 Dahbura Abbud S System for preventing fraudulent use of credit card
EP0590861A2 (en) * 1992-09-29 1994-04-06 AT&T Corp. Secure credit/debit card authorization
WO1995012169A1 (en) * 1993-10-25 1995-05-04 Visa International Service Association A method and apparatus for disbributing currency
US5479510A (en) * 1994-11-15 1995-12-26 Olsen; Kurt B. Automated data card payment verification method
WO1996026508A1 (en) * 1995-02-22 1996-08-29 Electronic Data Systems Corporation System and method for electronic transfer of funds using an automated teller machine to dispense the transferred funds
US5590197A (en) * 1995-04-04 1996-12-31 V-One Corporation Electronic payment system and method

Cited By (4)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US8676707B2 (en) 1998-03-25 2014-03-18 Orbis Patents Ltd. Credit cards system and method having additional features
US8756150B2 (en) 1998-03-25 2014-06-17 Orbis Patents Limited Credit card system and method
US7433845B1 (en) 1999-04-13 2008-10-07 Orbis Patents Limited Data structure, method and system for generating person-to-person, person-to-business, business-to-person, and business-to-business financial transactions
US7895122B2 (en) 1999-04-13 2011-02-22 Orbis Patents Limited Person-to-person, person-to business and business-to-business financial transaction system

Also Published As

Publication number Publication date
JP2001508569A (en) 2001-06-26
EP0988623A2 (en) 2000-03-29
WO1998030985A2 (en) 1998-07-16
IL119965A0 (en) 1997-04-15

Similar Documents

Publication Publication Date Title
WO1998030985A3 (en) Computerized money transfer system
EP1729267A3 (en) Credit card system and method
MX9800699A (en) Customer-directed, automated system for transferring funds between accounts.
WO1998026376A3 (en) Postpaid traveler's checks
US6014646A (en) Process for making a payment using an account manager
US8321347B2 (en) Integrated technology money transfer system
CA2215543A1 (en) Cashless card revalue system
MX9801523A (en) System and method for commercial payments using trusted agents.
US8286861B2 (en) Cash payment for remote transactions
AU2087099A (en) System and method for controlling financial transactions over a wireless network
WO2004044822A3 (en) Time-of-transaction foreign currency conversion
WO2000054122A3 (en) System and methods for shared electronic purchasing
MY125020A (en) Dynamic currency conversion for card payment systems
BR9809106A (en) Third party debit card
JP2705964B2 (en) Postage meter recharge system
WO2005089227B1 (en) Geographic area multiple service card system
BR9815555A (en) Automated biometric identification and billing system for charging usage fees upon user entry into a fee-for-access area
AU5130698A (en) Method and system of transferring currency between atms
WO2007005997A3 (en) Method and system for automatically issuing digital merchant based online payment card
WO2004051394A3 (en) System and method for financing commercial transactions
EP0907154A3 (en) Electronic purse system having a double-structured purse, ic card applicable to the electronic purse system, ic card transaction apparatus having a double-structured purse, ic card transaction system having a double-structured purse, and ic card applicable to the ic card system
WO2004031892A3 (en) Processing partial payments using debit cards
WO2001073698A3 (en) Payment system
WO2001009782A3 (en) System and method of transaction settlement using trade credit
US20030015589A1 (en) Combination bank/phone card and method

Legal Events

Date Code Title Description
AK Designated states

Kind code of ref document: A2

Designated state(s): JP US

AL Designated countries for regional patents

Kind code of ref document: A2

Designated state(s): AT BE CH DE DK ES FI FR GB GR IE IT LU MC NL PT SE

AK Designated states

Kind code of ref document: A3

Designated state(s): JP US

AL Designated countries for regional patents

Kind code of ref document: A3

Designated state(s): AT BE CH DE DK ES FI FR GB GR IE IT LU MC NL PT SE

121 Ep: the epo has been informed by wipo that ep was designated in this application
ENP Entry into the national phase

Ref country code: JP

Ref document number: 1998 530705

Kind code of ref document: A

Format of ref document f/p: F

WWE Wipo information: entry into national phase

Ref document number: 09341329

Country of ref document: US

WWE Wipo information: entry into national phase

Ref document number: 1998900151

Country of ref document: EP

WWP Wipo information: published in national office

Ref document number: 1998900151

Country of ref document: EP

WWW Wipo information: withdrawn in national office

Ref document number: 1998900151

Country of ref document: EP