WO2002041111A2 - Conversion dynamique de devises - Google Patents
Conversion dynamique de devises Download PDFInfo
- Publication number
- WO2002041111A2 WO2002041111A2 PCT/US2001/045647 US0145647W WO0241111A2 WO 2002041111 A2 WO2002041111 A2 WO 2002041111A2 US 0145647 W US0145647 W US 0145647W WO 0241111 A2 WO0241111 A2 WO 0241111A2
- Authority
- WO
- WIPO (PCT)
- Prior art keywords
- conversion rate
- currency conversion
- realtime
- currency
- information
- Prior art date
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
- G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
- G06Q40/02—Banking, e.g. interest calculation or account maintenance
Definitions
- the present invention relates to the field of international currency. More specifically, the present invention relates to the dynamic conversion from one currency to another for computer applications.
- Dynamic currency conversion may be accomplished using a currency conversion rate server.
- the server intermittently sends requests to one or more financial institutions to return current realtime currency conversion rate information, the requests spaced apart by a short period of time. It then receives the current realtime currency conversion rate information from the one or more financial institutions and stores them in a currency conversion rate database.
- the server retrieves one or more records from the currency conversion rate database indicating the near-realtime currency conversion rate and forwards them to the subscriber.
- Various manipulation schemes may be applied to the records such as weighted averages in order to provide the best possible real-time currency conversion information available.
- FIG. 1 is a block diagram illustrating a web-based auction system according to a specific embodiment of the present invention.
- FIG. 2 is a flow diagram illustrating a method for providing near-realtime currency conversion rates to a subscriber in accordance with a specific embodiment of the present invention.
- FIG. 3 is a block diagram illustrating an apparatus for providing near-realtime currency conversion rates to a subscriber in accordance with a specific embodiment of the present invention.
- DETAILED DESCRIPTION OF THE INVENTION In the following description, a preferred embodiment of the invention is described with regard to preferred process steps and data structures. However, those skilled in the art will recognize, after perusal of this application, that embodiments of the invention may be implemented using at least one general purpose computer operating under program control, and that modification of the general purpose computer to implement the components, process steps, and/or data structures described herein would not require undue invention.
- the present invention utilizes a centralized server along with batch processing to provide near-real-time updates on currency conversion rates in an Internet environment.
- the invention has specific application for use in an auction web site, however the following disclosure should be read to limit the invention to use in an auction web site.
- FIG. 1 is a block diagram illustrating a web-based auction system according to a specific embodiment of the present invention.
- the Auction engine 2 executes rules stored in a rules database 4.
- the rules indicate how the auction is to be run. Examples of rules that may be defined in the rules database include the length of the auction, the type of the auction, and how the winner is determined.
- the auction engine 2 may require a real time currency conversion rate. It then passes a currency conversion request to a currency conversion server 6.
- the currency conversion server 6 has an attached database 8 storing near-real-time currency conversion rates. The rate needed may be looked up in this database 8 and then returned to the auction engine 2 for use in the auction. Communications between the auction engine 2 and the currency conversion server 6 may be accomplished using Extensible Markup Language (XML).
- XML Extensible Markup Language
- the currency conversion server 6 may send batch currency conversion rate requests to different financial institutions or rate reporting services (show as Bank A 10, Bank B 12, Bank C 14, and Bank D 16) periodically.
- the period at which the batch processes are sent is 1-3 seconds.
- the financial institutions or rate reporting services then report the rates back to the currency conversion server.
- all the currency conversion data available to the financial institutions or rate reporting services may be forwarded in each batch.
- the auction engine may register with the currency conversion server and indicate that, since the auction web site is only available in England and the United States, that it only need currency conversion rates regarding pounds to dollars and dollars to pounds.
- the currency conversion server is designed to provide an average or weighted average of numerous rates received from the financial institutions or rate reporting services.
- FIG. 2 is a flow diagram illustrating a method for providing near-realtime currency conversion rates to a subscriber in accordance with a specific embodiment of the present invention.
- the method will likely be performed by a currency conversion rate server.
- requests may be sent intermittently to one or more financial institutions to return current realtime currency conversion rate information, the requests being spaced apart by a fixed period of time. The preferred period is 1-3 seconds.
- current realtime currency conversion rate information is received from the one or more financial institutions.
- the current realtime currency conversion rate mformation received from the one or more financial institutions is stored in a database.
- a request is received from the subscriber for a near-realtime currency conversion rate.
- This request may contain a first and second currency, indicating that the subscriber wishes to find the rate on converting from the first currency to the second currency.
- information is retrieved from the database indicating the near-realtime currency conversion rate. Retrieving may involve examining the first and second currencies provided by the subscriber's request and finding any record in the database containing the conversion rate between the first and second currencies. It may also involve manipulating the information retrieved to provide filtered information to the subscriber, including applying a manipulation scheme as provided by the subscriber. The manipulation scheme may be subscriber specific, stored in the database, and may specify aspects such as weighting information from certain sources according to a predefined weighted average.
- the near-realtime currency conversion rate is forwarded to the subscriber.
- FIG. 3 is a block diagram illustrating an apparatus for providing near-realtime currency conversion rates to a subscriber in accordance with a specific embodiment of the present invention.
- An intermittent request sender 100 coupled to one or more financial institutions sends requests intermittently to the one or more financial institutions to return current realtime currency conversion rate information, the requests being spaced apart by a fixed period of time. The preferred period is 1-3 seconds.
- a current realtime currency conversion rate information requester 102 coupled to said intermittent request sender 100 and coupled to said one or more financial institutions receives current realtime currency conversion rate information is received from the one or more financial institutions.
- a current realtime currency conversion rate information storer 104 coupled to a database 106 and to said current realtime currency conversion rate information receiver 102 stores the current realtime currency conversion rate information received from the one or more financial institutions in the database 106.
- a near-realtime currency conversion rate request receiver 108 receives a request from the subscriber for a near-realtime currency conversion rate. This request may contain a first and second currency, indicating that the subscriber wishes to find the rate on converting from the first currency to the second currency.
- a near-realtime currency conversion rate retriever 110 coupled to said database 106 and coupled to said near- realtime currency conversion rate requester 108 retrieves information from the database 106 indicating the near-realtime currency conversion rate. Retrieving may involve examining the first and second currencies provided by the subscriber's request and finding any record in the database containing the conversion rate between the first and second currencies.
- the manipulation scheme may be stored in the database and may specify subscriber-specific manipulation aspects using a subscriber specific manipulation scheme implementer 114 such as weighting information from certain sources according to a predefined weighted average using a realtime currency conversion rate information weighter 116.
- a near-realtime currency conversion rate forwarder 118 coupled to said near-realtime currency conversion rate retriever 110 and coupled to the subscriber forwards the near-realtime currency conversion rate to the subscriber.
Landscapes
- Business, Economics & Management (AREA)
- Accounting & Taxation (AREA)
- Finance (AREA)
- Engineering & Computer Science (AREA)
- Development Economics (AREA)
- Economics (AREA)
- Marketing (AREA)
- Strategic Management (AREA)
- Technology Law (AREA)
- Physics & Mathematics (AREA)
- General Business, Economics & Management (AREA)
- General Physics & Mathematics (AREA)
- Theoretical Computer Science (AREA)
- Financial Or Insurance-Related Operations Such As Payment And Settlement (AREA)
- Management, Administration, Business Operations System, And Electronic Commerce (AREA)
Abstract
Priority Applications (1)
Application Number | Priority Date | Filing Date | Title |
---|---|---|---|
AU2002236548A AU2002236548A1 (en) | 2000-11-17 | 2001-11-14 | Dynamic currency conversion |
Applications Claiming Priority (2)
Application Number | Priority Date | Filing Date | Title |
---|---|---|---|
US24967000P | 2000-11-17 | 2000-11-17 | |
US60/249,670 | 2000-11-17 |
Publications (3)
Publication Number | Publication Date |
---|---|
WO2002041111A2 true WO2002041111A2 (fr) | 2002-05-23 |
WO2002041111A3 WO2002041111A3 (fr) | 2003-01-30 |
WO2002041111A9 WO2002041111A9 (fr) | 2003-04-17 |
Family
ID=22944485
Family Applications (1)
Application Number | Title | Priority Date | Filing Date |
---|---|---|---|
PCT/US2001/045647 WO2002041111A2 (fr) | 2000-11-17 | 2001-11-14 | Conversion dynamique de devises |
Country Status (2)
Country | Link |
---|---|
AU (1) | AU2002236548A1 (fr) |
WO (1) | WO2002041111A2 (fr) |
Cited By (1)
Publication number | Priority date | Publication date | Assignee | Title |
---|---|---|---|---|
US9043225B2 (en) | 2012-11-30 | 2015-05-26 | Wal-Mart Stores, Inc. | Approximating alternate currency equivalents in digital receipts |
Citations (3)
Publication number | Priority date | Publication date | Assignee | Title |
---|---|---|---|---|
US6199046B1 (en) * | 1997-07-29 | 2001-03-06 | Adsura Pty Ltd. | Method system and article of manufacture for performing real time currency conversion |
US6269345B1 (en) * | 1996-12-03 | 2001-07-31 | Jacques Riboud | Transfer system and method for transferring amounts in different local currencies between a plurality of local banking organization |
US20020023053A1 (en) * | 2000-04-05 | 2002-02-21 | Szoc Ronald Z. | System, method and apparatus for international financial transactions |
-
2001
- 2001-11-14 AU AU2002236548A patent/AU2002236548A1/en not_active Abandoned
- 2001-11-14 WO PCT/US2001/045647 patent/WO2002041111A2/fr not_active Application Discontinuation
Patent Citations (3)
Publication number | Priority date | Publication date | Assignee | Title |
---|---|---|---|---|
US6269345B1 (en) * | 1996-12-03 | 2001-07-31 | Jacques Riboud | Transfer system and method for transferring amounts in different local currencies between a plurality of local banking organization |
US6199046B1 (en) * | 1997-07-29 | 2001-03-06 | Adsura Pty Ltd. | Method system and article of manufacture for performing real time currency conversion |
US20020023053A1 (en) * | 2000-04-05 | 2002-02-21 | Szoc Ronald Z. | System, method and apparatus for international financial transactions |
Cited By (1)
Publication number | Priority date | Publication date | Assignee | Title |
---|---|---|---|---|
US9043225B2 (en) | 2012-11-30 | 2015-05-26 | Wal-Mart Stores, Inc. | Approximating alternate currency equivalents in digital receipts |
Also Published As
Publication number | Publication date |
---|---|
WO2002041111A9 (fr) | 2003-04-17 |
WO2002041111A3 (fr) | 2003-01-30 |
AU2002236548A1 (en) | 2002-05-27 |
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