WO2015118506A2 - Procédé de distribution de fonds - Google Patents

Procédé de distribution de fonds Download PDF

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Publication number
WO2015118506A2
WO2015118506A2 PCT/IB2015/050962 IB2015050962W WO2015118506A2 WO 2015118506 A2 WO2015118506 A2 WO 2015118506A2 IB 2015050962 W IB2015050962 W IB 2015050962W WO 2015118506 A2 WO2015118506 A2 WO 2015118506A2
Authority
WO
WIPO (PCT)
Prior art keywords
account
user
funds
payment
electronic
Prior art date
Application number
PCT/IB2015/050962
Other languages
English (en)
Other versions
WO2015118506A3 (fr
Inventor
Suvan SINGH
Raffaele MCCREADIE
Richard Walter GAUGELER
Original Assignee
Singh Suvan
Mccreadie Raffaele
Gaugeler Richard Walter
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 Singh Suvan, Mccreadie Raffaele, Gaugeler Richard Walter filed Critical Singh Suvan
Publication of WO2015118506A2 publication Critical patent/WO2015118506A2/fr
Publication of WO2015118506A3 publication Critical patent/WO2015118506A3/fr

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
    • G06Q30/06—Buying, selling or leasing transactions
    • 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
    • G06Q20/108—Remote banking, e.g. home banking
    • G06Q20/1085—Remote banking, e.g. home banking involving automatic teller machines [ATMs]

Definitions

  • This invention relates to a method of distributing funds, and more particularly to distributing funds, inter-account, by a holder of the accounts, during a financial transaction.
  • the current invention attempts, at least to a degree, to address the aforementioned problems, in a convenient, simplified manner.
  • the invention provides a method for transferring funds between accounts held by an individual at a first bank, during a financial transaction wherein funds are transferred from a transactional account of the individual, to an account of a third party held by a second bank or to the individual itself, upon confirmation by the individual of a prompt generated by the first bank immediately following the transaction, which method includes the steps of: a) presenting legal tender to the third party for perfection, via a point of sale machine, of a transaction ; b) an encoded message being sent from the point of sale machine to a server of the bank, at which the individuals account is held, via electronic communication means, requesting authorisation for the release of funds from the individual's account; c) an encoded message being returned from the bank server to the point of sale machines prompting authorisation, from the individual, to direct funds between accounts held by the individual; d) upon confirmation of prompt, an encoded message being sent to the bank server authorising funds to be directed between accounts, and an encoded message being returned to the point of sale from the bank server confirming that settlement of
  • the encoded message may be an electronic message transmitted via telecommunications or any other means for transmitting of the message, such means including a hard-line, GSM or 3G network, between point of sale machines, banks or the like.
  • the request for the release of funds may be in the form of entering a transaction in a point of sale machine and the individual confirming the transaction by entering a secret pin, belonging to the individual, when prompted to do so, on the point of sale machine, correctly.
  • the request may be at when the user is prompted to confirm permission for the release of funds.
  • the amount of funds to be directed between accounts held by the individual may be a percentage of the value of each transactional amount entered into by the individual, or alternatively a fixed legal tender amount, predetermined by the individual at the time of entering into an agreement with the bank at which the accounts are held.
  • the amount to be directed between accounts may be an additional amount over and above the amount of funds requested to be released.
  • the amount to be directed between accounts may form a portion of the amount of funds requested to be released.
  • the individual may request that funds be directed between accounts free of any other transaction. Such request may be in the form of a communication by a mobile device through interaction with the bank, or any other means wherein the prompt to direct funds is initiated solely by the individual.
  • the account to which funds are directed may be an interest bearing account held by the individual at the individual's bank, however this is non - limiting and the funds may be directed to any one or a number of accounts held by the user.
  • the account to which the funds are directed may be a fund pool held by the bank, contributed to by multiple individuals, being managed on behalf of the bank.
  • the first bank and the second bank involved in the financial transaction may be the same financial institution. Alternatively the first and the second bank may be different financial institutions.
  • a method of encouraging investment comprising providing an electronic payment facility to a user which includes a first account and a second account, sending an electronic message to the user on initiation by the user of a transaction for payment to a third party account, the message requiring that the user exercise an option to transfer funds from the first account to the second account, receiving instructions from the user, via an electronic reply message, and on receipt of instructions from the user to transfer the funds, transferring the funds from the first account to the second account, in addition to effecting the payment to the third party account.
  • a method of investment as claimed in claim 1 wherein the electronic payment facility is selected from one or more of the following; a point of sale machine, an internet website, a mobile device website, a mobile device application, an automated teller machine (ATM) or any other electronic platform for transferring funds.
  • a point of sale machine an internet website
  • a mobile device website a mobile device application
  • ATM automated teller machine
  • a method of investment as claimed in claim 1 or 2 wherein the electronic message sent to the user is in the form of one or more of the following; an electronic mail (email), a short-message-service (SMS), an in-app notification to a mobile device, a push notification to a mobile device, an on screen confirmation window in an ATM, a pop-up window in a website, a pop-up window in a mobile device website, a link from a website, through a point of sale notification, or window in an internet based application.
  • an electronic mail email
  • SMS short-message-service
  • e-mail electronic mail
  • SMS short- message-service
  • the second account is not an account belonging to the user.
  • a banking system for facilitated investment comprising; an electronic payment facility for a user which includes a first account and a second account, with linked means for effecting electronic payments; a payment platform which includes third party accounts for receiving payments and a server configured on initiation by the user of a transaction for payment to a third party account, to send an electronic message to the user requiring that the user exercise an option to transfer funds from the first account to the second account, to receive an electronic reply message from the user, and on receipt of instructions from the user to transfer the funds, to transfer the funds from the first account to the second account and effect the payment to the third party account.
  • Figure 1 is a flow diagram illustrating the steps which take place during a transaction between two parties;
  • Figure 2 is a flow diagram illustrating the steps which take place when an auxiliary account has been created in accordance with the current invention and a transaction is entered into between two parties;
  • Figure 3 is a flow diagram illustrating the steps which take place in accordance with those set out in Figure 2 and illustrates the steps which take place when more than one financial institution is involved in the transaction.
  • FIG. 1 of the accompanying drawings illustrates a transactional path 10 which sets out the steps, in a simplified manner, involved in an offer to purchase and purchasing goods or services from a merchant.
  • the goods or services to be purchased, and for the sake of convenience, denominated as items 12, are costed at a certain monetary value or price, to the merchant.
  • a customer who has agreed to pay the asking price presents legal tender 14 in exchange for the items.
  • a bank card which represents the availability of legal tender, as held by the financial institution on behalf of the customer, and which is workable with a point of sale ('POS') machine 16, is presented to pay for the items.
  • the bank card 14 is inserted into the POS machine 16 and a request, shown by arrow 18, is sent to the customer's financial institution for the release of an amount of funds from the customer's account 20 and that such funds be directed to the merchant's account 22, for payment of the asking price, shown by arrow 24.
  • An authorisation message is then sent by the financial institution and as denoted by arrow 26, back to the POS machine, informing the parties that the funds have been transferred from the customer's account 20 to the merchant's account 22, shown by arrow 28.
  • the transactional route highlighted in dotted box 30 is a common offer to purchase and subsequent purchasing goods or services from a merchant, and for this reason will not be expanded on further in the description.
  • the transactional processes highlighted by dotted box 32 i.e. at the point when the bank card 14 is inserted into the POS machine 16 for the purpose of payment, is focussed on in the description of the invention as it is the transaction steps which follow this step where the invention is implemented. Referring now to Figure 2, in which the transactional process is at the payment point 32 and where an auxiliary account 40 has been created as between the customer and the customer's financial institution 20. In this scenario the customer's account 20 and the merchant's account 22 is held at the same bank.
  • the same request 18 is sent from the POS machine 16 to the customer's financial institution for the release of the amount of funds from the customer's account 20, for payment of the asking price, shown by arrow 24, to be directed to the merchant's account 22.
  • the request then activates a prompt 42, directed to the customer, as denoted by dotted arrow 34 and referred to as a Trigger.
  • the prompt asks the customer to confirm whether or not an additional amount, referred to as savings funds 44, is to be transferred from the customer's account 20 to the auxiliary account 40.
  • the amount is predetermined to be a percentage of the transaction or alternatively a fixed monetary value, as predetermined by the customer when opening the auxiliary account with the financial institution.
  • the customer can then either confirm the prompt 42, in which case a confirmation 36 is sent from the POS machine 16 to the customer's financial institution, wherein funds are directed from the customer's account 20 to the merchant's account 22, as shown by arrow 28, for payment of the purchase price, and congruently the savings funds 44 are directed to the auxiliary account
  • FIG 2 sets out the scenario wherein the customer's account 20 and the merchant's account 22 are held at the same bank, denoted 'Bank A', referring to Figure 3 however, the process described is different as the accounts of each the customer and the merchant are held at separate banks respectively.
  • customer's account 20 is held at 'Bank A' and the merchant's account 22 is held at 'Bank B'.
  • POS machine 16 must be allocated to a bank, and is preferably the same bank at which the merchant's account is held.
  • the process begins at payment point 32 and follows the similar steps set out in Figure 2, however, additional steps are necessary with differing financial institutions, as set out in dotted box 46.
  • a bank card 14A as issued by Bank A is inserted into POS machine 16B, which POS machine is held by Bank B.
  • the request to Bank A for the transfer of funds, ultimately to be directed to Bank B must now be processed through an intermediary 48.
  • the intermediary commonly referred to as a 'switching agent', may be a separate banking type entity which serves to convert confirmations, authorisations, settlements, and the like between the differing financial institutions.
  • a commonly known such institution in South Africa is 'Bankserv', while additional other such entities referred to as payment service providers or PSP's are also know, both of which are to be included in the common term 'intermediary'.
  • the transaction processes set out in Figures 1 and 2 are carried out by the financial institution, without the need of intermediary 48, and are referred to as 'on-us' transactions.
  • the financial institutions differ and the transaction is required to be processed through the intermediary, the transactions are referred to as 'off-us' transactions.
  • POS machine 16B receives the request to transfer funds from bank card 14A, the request is then required to be sent to Bank A, but because this type of transaction will be classified as an 'off-us' transaction the request cannot be directed straight to the customer's financial institution, Bank A.
  • the request as shown by arrow 18 is broken into two stages, arrow 18A shows the request being made to the intermediary 48, the request is then channelled by the intermediary to the relevant bank, denoted by arrow 18B, such that the bank receiving the request is the same bank from which bank card 14A has been issued, and where the customer's account 20 is held.
  • the request is such that funds be directed to the merchant's account 22, for payment of the asking price, shown by arrow 24.
  • the request 18 then activates the prompt 42, directed to the customer, denoted by dotted line 34, the Trigger, wherein the prompt will ask the customer to confirm whether or not savings funds 44, is to be transferred from the customer's account 20 to the auxiliary account 40.
  • the customer then either accepts or declines prompt 42, where acceptance leads to the confirmation being sent, as shown by dotted line 36 to the customer's financial institution, in this case Bank A, to direct savings funds 44 from the customer's account 20 to the auxiliary account 40. Conversely if no acceptance is made, confirmation 36 does not take place, and the transfer of funds to the auxiliary account does not take place.
  • the transactional path created by the customer's acceptance of prompt 42 and subsequent confirmation 36 being sent, is dependant on authorisation 26 for payment as between the customer and the merchant. If a request for funds is declined by the customer's financial institution the transfer of saving funds does not take place. Therefore, provided funds are available in the customer's account 20, the authorisation is passed from Bank A, shown by arrow 26A, to the intermediary 48 is channelled and thereafter the second step of the authorisation process, denoted by arrow 26B is sent back POS machine 16B, as held by Bank B. At this stage the intermediary 48, send a message to Bank B, via arrow 50 that funds are available.
  • bi-directional arrow 52 shows that either the POS machine 16B can receive authorisation to allow goods to be released as payment via arrow 28 has taken place, or Bank B can authorise the POS machine that funds have been received and that the goods may be released, i.e. print a receipt confirming that the transaction has been perfected.
  • Trigger 34 has either been initiated by the financial institution or Bank A or the POS machine 16 or 16A.
  • the invention is not deemed to be limited in this respect and the trigger, giving rise to prompt 42, may be initiated in various different methods, some of the methods may include that the intermediary initiates, the customer initiates independent of a transaction, i.e. by calling the bank or a form of mobile communication with the bank, alternatively the trigger may also be initiated on a timer process wherein the customer may select a time period between triggers, which triggers are independent of a transaction first having to take place, or the trigger may be inititead by a withdrawal of cash, i.e. at an ATM or a cash register. In each of these additional trigger techniques the customer may still be able to accept or not accept the prompt.

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  • Business, Economics & Management (AREA)
  • Accounting & Taxation (AREA)
  • Finance (AREA)
  • Development Economics (AREA)
  • Economics (AREA)
  • Strategic Management (AREA)
  • Physics & Mathematics (AREA)
  • General Business, Economics & Management (AREA)
  • General Physics & Mathematics (AREA)
  • Engineering & Computer Science (AREA)
  • Theoretical Computer Science (AREA)
  • Marketing (AREA)
  • Financial Or Insurance-Related Operations Such As Payment And Settlement (AREA)

Abstract

L'invention concerne un procédé pour encourager l'investissement ou l'épargne. Dans ce procédé, un individu transfère une quantité de fonds entre des comptes tenus soit par la personne effectuant la transaction, soit entre des comptes tenus par plusieurs individus, pendant l'exécution d'une transaction financière.
PCT/IB2015/050962 2014-02-08 2015-02-09 Procédé de distribution de fonds WO2015118506A2 (fr)

Applications Claiming Priority (2)

Application Number Priority Date Filing Date Title
ZA201305960 2014-02-08
ZA2013/05960 2014-02-08

Publications (2)

Publication Number Publication Date
WO2015118506A2 true WO2015118506A2 (fr) 2015-08-13
WO2015118506A3 WO2015118506A3 (fr) 2016-01-14

Family

ID=53778569

Family Applications (1)

Application Number Title Priority Date Filing Date
PCT/IB2015/050962 WO2015118506A2 (fr) 2014-02-08 2015-02-09 Procédé de distribution de fonds

Country Status (1)

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WO (1) WO2015118506A2 (fr)

Cited By (1)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
CN107886323A (zh) * 2017-01-11 2018-04-06 张凯 一种移动支付现场监控提示系统及其实现方法

Family Cites Families (3)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
NZ335926A (en) * 1995-04-25 2001-02-23 Every Penny Counts Inc Point of sale system allowing consumers to save or donate when a transaction takes place
US10395484B2 (en) * 2002-08-20 2019-08-27 The Western Union Company Multi-purpose kiosk and methods
US20090119207A1 (en) * 2007-11-04 2009-05-07 William Grecia Point of sale payment system for multiple recipients using a digital payment service

Cited By (1)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
CN107886323A (zh) * 2017-01-11 2018-04-06 张凯 一种移动支付现场监控提示系统及其实现方法

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Publication number Publication date
WO2015118506A3 (fr) 2016-01-14

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