WO2009073900A3 - A method of conducting financial transactions - Google Patents
A method of conducting financial transactions Download PDFInfo
- 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
- WIPO (PCT)
- Prior art keywords
- authentication
- user
- handset
- transmitting
- answers
- 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
- G06Q30/00—Commerce
- G06Q30/02—Marketing; Price estimation or determination; Fundraising
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.
Applications Claiming Priority (2)
Application Number | Priority Date | Filing Date | Title |
---|---|---|---|
ZA200710445 | 2007-12-03 | ||
ZA2007/10445 | 2007-12-03 |
Publications (2)
Publication Number | Publication Date |
---|---|
WO2009073900A2 WO2009073900A2 (en) | 2009-06-11 |
WO2009073900A3 true WO2009073900A3 (en) | 2010-04-15 |
Family
ID=40718506
Family Applications (1)
Application Number | Title | Priority Date | Filing Date |
---|---|---|---|
PCT/ZA2008/000120 WO2009073900A2 (en) | 2007-12-03 | 2008-12-02 | A method of conducting financial transactions |
Country Status (2)
Country | Link |
---|---|
WO (1) | WO2009073900A2 (en) |
ZA (1) | ZA200810215B (en) |
Families Citing this family (2)
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 |
US10607224B2 (en) | 2016-04-04 | 2020-03-31 | Mastercard International Incorporated | Systems and methods for secure authentication of transactions initiated at a client device |
Citations (4)
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 |
-
2008
- 2008-12-02 WO PCT/ZA2008/000120 patent/WO2009073900A2/en active Application Filing
- 2008-12-02 ZA ZA200810215A patent/ZA200810215B/en unknown
Patent Citations (4)
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 |
---|---|
ZA200810215B (en) | 2009-11-25 |
WO2009073900A2 (en) | 2009-06-11 |
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