WO2009073900A3 - A method of conducting financial transactions - Google Patents

A method of conducting financial transactions Download PDF

Info

Publication number
WO2009073900A3
WO2009073900A3 PCT/ZA2008/000120 ZA2008000120W WO2009073900A3 WO 2009073900 A3 WO2009073900 A3 WO 2009073900A3 ZA 2008000120 W ZA2008000120 W ZA 2008000120W WO 2009073900 A3 WO2009073900 A3 WO 2009073900A3
Authority
WO
Grant status
Application
Patent type
Prior art keywords
method
authentication
user
handset
transmitting
Prior art date
Application number
PCT/ZA2008/000120
Other languages
French (fr)
Other versions
WO2009073900A2 (en )
Inventor
Jason Smit
Elsabe Van Vuuren
Original Assignee
Swap Cellphone Payment System (Pty) Ltd.
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

Links

Classifications

    • GPHYSICS
    • G06COMPUTING; CALCULATING; COUNTING
    • G06QDATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q30/00Commerce, e.g. shopping or e-commerce
    • G06Q30/02Marketing, e.g. market research and analysis, surveying, promotions, advertising, buyer profiling, customer management or rewards; Price estimation or determination

Abstract

The invention provides a method of authenticating a user in a method of conducting real time transactions, said authentication method including requesting authentication by a user transmitting a USSD code from a handset to a server, transmitting one or more questions to the handset of the requester, transmitting answers provided by the user through the handset to an authentication server over a mobile communications network, weighting the questions, evaluating the answers, and determining whether the weighted score of the answers is above a minimum passmark before the authentication server authenticates the user for the transaction or rejects the request for authentication. The invention extends to a method of conducting on-line real time transactions using the above authentication method and to a payment system.
PCT/ZA2008/000120 2007-12-03 2008-12-02 A method of conducting financial transactions WO2009073900A3 (en)

Priority Applications (2)

Application Number Priority Date Filing Date Title
ZA2007/10445 2007-12-03
ZA200710445 2007-12-03

Publications (2)

Publication Number Publication Date
WO2009073900A2 true WO2009073900A2 (en) 2009-06-11
WO2009073900A3 true true WO2009073900A3 (en) 2010-04-15

Family

ID=40718506

Family Applications (1)

Application Number Title Priority Date Filing Date
PCT/ZA2008/000120 WO2009073900A3 (en) 2007-12-03 2008-12-02 A method of conducting financial transactions

Country Status (1)

Country Link
WO (1) WO2009073900A3 (en)

Families Citing this family (1)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US10091007B2 (en) 2016-04-04 2018-10-02 Mastercard International Incorporated Systems and methods for device to device authentication

Citations (4)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US20040123162A1 (en) * 2002-12-11 2004-06-24 Lightbridge, Inc. Methods and systems for authentication
US20050086535A1 (en) * 2003-10-21 2005-04-21 Siemens Aktiengesellschaft Method for authenticating a user for the purposes of establishing a connection from a mobile terminal to a WLAN network
US20060271629A1 (en) * 2005-05-26 2006-11-30 Macdowell Alexander D Distributed Challenge and Response Recognition System
US20070136128A1 (en) * 2005-12-12 2007-06-14 Thomas Andrew Janacek Method and system to provide electronic parking validation for drivers using a pay by cell parking system

Patent Citations (4)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US20040123162A1 (en) * 2002-12-11 2004-06-24 Lightbridge, Inc. Methods and systems for authentication
US20050086535A1 (en) * 2003-10-21 2005-04-21 Siemens Aktiengesellschaft Method for authenticating a user for the purposes of establishing a connection from a mobile terminal to a WLAN network
US20060271629A1 (en) * 2005-05-26 2006-11-30 Macdowell Alexander D Distributed Challenge and Response Recognition System
US20070136128A1 (en) * 2005-12-12 2007-06-14 Thomas Andrew Janacek Method and system to provide electronic parking validation for drivers using a pay by cell parking system

Also Published As

Publication number Publication date Type
WO2009073900A2 (en) 2009-06-11 application

Similar Documents

Publication Publication Date Title
US8159328B2 (en) Biometric authentication and verification
US8572391B2 (en) System and method for risk based authentication
US7766223B1 (en) Method and system for mobile services
US20080098225A1 (en) System and method for authenticating remote server access
US20090292642A1 (en) Method and system for automatically issuing digital merchant based online payment card
US20060100951A1 (en) System and method for implementing push technology in a wireless financial transaction
US20090313165A1 (en) Transaction authorisation system & method
US8583498B2 (en) System and method for biometrics-based fraud prevention
US20130227700A1 (en) Dynamic Trust Score for Evaulating Ongoing Online Relationships
US7174323B1 (en) System and method for multi-modal authentication using speaker verification
US20110191200A1 (en) Method and system for authenticating online transactions
US20080120507A1 (en) Methods and systems for authentication of a user
CN102347929A (en) Verification method of user identity and apparatus thereof
US20100262542A1 (en) Method And System For Controlling Risk In A Payment Transaction
CN102880959A (en) Quick internet payment method and system
US20090157549A1 (en) Using a mobile phone as a remote pin entry terminal for cnp credit card transactions
US20100020946A1 (en) Secure payment service and system for interactive voice response (ivr) systems
JP2007060172A (en) Authenticating device, authenticating method and authenticating program
WO2008098004A2 (en) Methods and systems for delivering sponsored out-of-band passwords
CN102202300A (en) System and method for dynamic password authentication based on dual channels
CN1416073A (en) Method for authenticating self idetification
Shim et al. Analyzing China’s fintech industry from the perspective of actor–network theory
JP2005078325A (en) Authentication system and computer program
CN1387361A (en) Remote choosing and selling method for lottery tickets
CN103078862A (en) Two-dimensional code dual-factor authentication system and method, terminal equipment and server

Legal Events

Date Code Title Description
121 Ep: the epo has been informed by wipo that ep was designated in this application

Ref document number: 08856717

Country of ref document: EP

Kind code of ref document: A2

NENP Non-entry into the national phase in:

Ref country code: DE

122 Ep: pct app. not ent. europ. phase

Ref document number: 08856717

Country of ref document: EP

Kind code of ref document: A2