WO1999028872A8 - Method and apparatus for money transfers - Google Patents

Method and apparatus for money transfers

Info

Publication number
WO1999028872A8
WO1999028872A8 PCT/GB1998/003537 GB9803537W WO9928872A8 WO 1999028872 A8 WO1999028872 A8 WO 1999028872A8 GB 9803537 W GB9803537 W GB 9803537W WO 9928872 A8 WO9928872 A8 WO 9928872A8
Authority
WO
WIPO (PCT)
Prior art keywords
pic
transferor
utc
money
transferee
Prior art date
Application number
PCT/GB1998/003537
Other languages
French (fr)
Other versions
WO1999028872A2 (en
WO1999028872A1 (en
Inventor
Henry Wodehouse
Stuart Mcdonald
Jon Francis
Original Assignee
Global Money Transfer Holdings
Henry Wodehouse
Stuart Mcdonald
Jon Francis
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 Global Money Transfer Holdings, Henry Wodehouse, Stuart Mcdonald, Jon Francis filed Critical Global Money Transfer Holdings
Priority to AU12515/99A priority Critical patent/AU742367B2/en
Priority to EP98955790A priority patent/EP1036381A1/en
Publication of WO1999028872A2 publication Critical patent/WO1999028872A2/en
Publication of WO1999028872A1 publication Critical patent/WO1999028872A1/en
Publication of WO1999028872A8 publication Critical patent/WO1999028872A8/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
    • G06Q20/04—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
    • G06Q20/10—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
    • G06Q20/30—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
    • G06Q20/409—Device specific authentication in transaction processing
    • G06Q20/4093—Monitoring of device authentication
    • 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
    • G06Q20/42—Confirmation, e.g. check or permission by the legal debtor of payment
    • G06Q20/425—Confirmation, e.g. check or permission by the legal debtor of payment using two different networks, one for transaction and one for security confirmation

Landscapes

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

Abstract

A money transfer system comprises remote terminals (10) for receiving transfer request information from a transferor (14). If the transferor is a new customer, a central server (12) generates a new party identifier code (PIC) using a secure postal printer (16), to send the PIC to the transferor independently of the communication with the terminal (10). The PIC will be re-used for subsequent transfers from the transferor. For each transaction, the server (12) allocates a unique transaction code (UTC) which is outputted to the transferor at the terminal (10). The server also generates money transfer instructions (22) communicated to the remote money handling authorities (28). The instructions include the existing or newly allocated PIC, verification code (TVC) related to the UTC, but insufficient to enable the UTC to be deduced therefrom. It is the transferor's responsibility to communicate the UTC and the PIC to the transferee (18), preferably by separate routes for security. If the parties have taken place in a previous transfer, then the transferee will already know the PIC from the previous transfer. The transferee can pick up the money from the bank upon presentation of the correct PIC and PIN matching the information in the money transfer instructions.
PCT/GB1998/003537 1997-12-01 1998-11-26 Method and apparatus for money transfers WO1999028872A1 (en)

Priority Applications (2)

Application Number Priority Date Filing Date Title
AU12515/99A AU742367B2 (en) 1997-12-01 1998-11-26 Method and apparatus for money transfers
EP98955790A EP1036381A1 (en) 1997-12-01 1998-11-26 Method and apparatus for money transfers

Applications Claiming Priority (2)

Application Number Priority Date Filing Date Title
GB9725430A GB2331822B (en) 1997-12-01 1997-12-01 Method and apparatus for money transfers
GB9725430.4 1997-12-01

Publications (3)

Publication Number Publication Date
WO1999028872A2 WO1999028872A2 (en) 1999-06-10
WO1999028872A1 WO1999028872A1 (en) 1999-06-10
WO1999028872A8 true WO1999028872A8 (en) 1999-07-29

Family

ID=

Also Published As

Publication number Publication date
GB2331822B (en) 2002-04-17
AU1251599A (en) 1999-06-16
GB0121971D0 (en) 2001-10-31
WO1999028872A2 (en) 1999-06-10
AU742367B2 (en) 2002-01-03
HK1042390A1 (en) 2002-08-09
GB2331822A (en) 1999-06-02
EP1036381A1 (en) 2000-09-20
GB2363664A (en) 2002-01-02
GB9725430D0 (en) 1998-01-28
GB2363664B (en) 2002-04-17
GB2331822A9 (en)
HK1042390B (en) 2003-01-10

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