WO2019162879A3 - System, apparatus, and method for inhibiting payment frauds - Google Patents

System, apparatus, and method for inhibiting payment frauds Download PDF

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Publication number
WO2019162879A3
WO2019162879A3 PCT/IB2019/051429 IB2019051429W WO2019162879A3 WO 2019162879 A3 WO2019162879 A3 WO 2019162879A3 IB 2019051429 W IB2019051429 W IB 2019051429W WO 2019162879 A3 WO2019162879 A3 WO 2019162879A3
Authority
WO
WIPO (PCT)
Prior art keywords
users
frauds
payment
inhibiting
details
Prior art date
Application number
PCT/IB2019/051429
Other languages
French (fr)
Other versions
WO2019162879A2 (en
Inventor
Pankaj Arora
Alfia BARUCH
Yoram KUGEL
Avi Shaked
Original Assignee
Dizzi Pay Holdings 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
Application filed by Dizzi Pay Holdings Ltd. filed Critical Dizzi Pay Holdings Ltd.
Publication of WO2019162879A2 publication Critical patent/WO2019162879A2/en
Publication of WO2019162879A3 publication Critical patent/WO2019162879A3/en

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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
    • 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
    • G06Q20/401—Transaction verification
    • G06Q20/4016—Transaction verification involving fraud or risk level assessment in transaction processing
    • 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
    • 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
    • G06Q20/32—Payment architectures, schemes or protocols characterised by the use of specific devices or networks using wireless devices
    • G06Q20/322—Aspects of commerce using mobile devices [M-devices]
    • G06Q20/3223—Realising banking transactions through M-devices
    • 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
    • G06Q20/383—Anonymous user system

Landscapes

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

Abstract

Embodiments of the present disclosure provides a system for enabling users to perform secure anonymous payments over web portals or over merchant POS devices. The users are not required to share their identities or their payment card details. Embodiments of the present invention enables the users to pay securely to anyone without sharing any personal or banking details with third parties.
PCT/IB2019/051429 2018-02-22 2019-02-21 System, apparatus, and method for inhibiting payment frauds WO2019162879A2 (en)

Applications Claiming Priority (6)

Application Number Priority Date Filing Date Title
IN201811006836 2018-02-22
IN201811006836 2018-02-22
IN201811017690 2018-05-10
IN201811017690 2018-05-10
IN201811047475 2018-12-14
IN201811047475 2018-12-14

Publications (2)

Publication Number Publication Date
WO2019162879A2 WO2019162879A2 (en) 2019-08-29
WO2019162879A3 true WO2019162879A3 (en) 2019-10-03

Family

ID=67687539

Family Applications (1)

Application Number Title Priority Date Filing Date
PCT/IB2019/051429 WO2019162879A2 (en) 2018-02-22 2019-02-21 System, apparatus, and method for inhibiting payment frauds

Country Status (1)

Country Link
WO (1) WO2019162879A2 (en)

Citations (4)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US20090132815A1 (en) * 1995-02-13 2009-05-21 Intertrust Technologies Corp. Systems and methods for secure transaction management and electronic rights protection
US20120239565A1 (en) * 1999-07-22 2012-09-20 Visa International Service Association Internet Payment, Authentication and Loading System Using Virtual Smart Card
US20140089169A1 (en) * 2012-09-21 2014-03-27 Shashi Kapur System and Method of Processing Payment Transactions via Mobile Devices
US20140279469A1 (en) * 2013-03-12 2014-09-18 Carta Worldwide Inc. System and method for mobile transaction payments

Patent Citations (4)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US20090132815A1 (en) * 1995-02-13 2009-05-21 Intertrust Technologies Corp. Systems and methods for secure transaction management and electronic rights protection
US20120239565A1 (en) * 1999-07-22 2012-09-20 Visa International Service Association Internet Payment, Authentication and Loading System Using Virtual Smart Card
US20140089169A1 (en) * 2012-09-21 2014-03-27 Shashi Kapur System and Method of Processing Payment Transactions via Mobile Devices
US20140279469A1 (en) * 2013-03-12 2014-09-18 Carta Worldwide Inc. System and method for mobile transaction payments

Non-Patent Citations (1)

* Cited by examiner, † Cited by third party
Title
GEUSS: "How Apple Pay and Google Wallet actually work", ARS TECHNICA, 29 October 2014 (2014-10-29), XP055641882, Retrieved from the Internet <URL:https://arstechnica.com/gadgets/2014/10/how-mobile-payments-really-work> [retrieved on 20190723] *

Also Published As

Publication number Publication date
WO2019162879A2 (en) 2019-08-29

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