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1. WO2002086829 - METHOD AND SYSTEM FOR PERFORMING A TRANSACTION UTILISING A THIN PAYMENT NETWORK (MVENT)

Publication Number WO/2002/086829
Publication Date 31.10.2002
International Application No. PCT/SG2002/000059
International Filing Date 12.04.2002
IPC
G PHYSICS
06
COMPUTING; CALCULATING; COUNTING
Q
DATA 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
20
Payment architectures, schemes or protocols
02
involving a neutral third party, e.g. certification authority, notary or trusted third party [TTP]
G PHYSICS
06
COMPUTING; CALCULATING; COUNTING
Q
DATA 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
20
Payment architectures, schemes or protocols
04
Payment circuits
G PHYSICS
06
COMPUTING; CALCULATING; COUNTING
Q
DATA 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
20
Payment architectures, schemes or protocols
08
Payment architectures
10
specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
G PHYSICS
06
COMPUTING; CALCULATING; COUNTING
Q
DATA 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
20
Payment architectures, schemes or protocols
08
Payment architectures
12
specially adapted for electronic shopping systems
G PHYSICS
06
COMPUTING; CALCULATING; COUNTING
Q
DATA 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
30
Commerce, e.g. shopping or e-commerce
06
Buying, selling or leasing transactions
G06Q 20/02 (2012.01)
G06Q 20/04 (2012.01)
G06Q 20/10 (2012.01)
G06Q 20/12 (2012.01)
G06Q 30/06 (2012.01)
CPC
G06Q 20/02
G06Q 20/04
G06Q 20/10
G06Q 20/102
G06Q 20/12
G06Q 30/06
Applicants
  • MOBILE SOLUTIONS AND PAYMENT SERVICES PTE LTD [SG/SG]; 30 Beach Road #24-01 The Concourse Singapore 199555, SG (AllExceptUS)
  • MONAGHAN, Stephen [--/SG]; SG (UsOnly)
Inventors
  • MONAGHAN, Stephen; SG
Agents
  • ABRAHAMLOW LLC; 80 Raffles Place #18-20 UOB Plaza 2 Singapore 048624, SG
Priority Data
60/283,99316.04.2001US
Publication Language English (EN)
Filing Language English (EN)
Designated States
Title
(EN) METHOD AND SYSTEM FOR PERFORMING A TRANSACTION UTILISING A THIN PAYMENT NETWORK (MVENT)
(FR) PROCEDE ET SYSTEME POUR EFFECTUER UNE TRANSACTION AU MOYEN D'UN RESEAU DE PAIEMENT DEDIE
Abstract
(EN)
A method for performing a transaction to enable a consumer (1) to purchase a good or service from a merchant (2), the method including the steps of the consumer (1) providing identification to the merchant (2), the merchant (2) forwarding purchase details to a processing means (8), the purchase details including purchase value and consumer details indicated by the identification, the processing means (8) verifying the consumer details and forwarding the purchase details to a first financial institution (5), the consumer having an account with the first financial institution (5), the first financial institution (5) verifies the consumer details and forwards a message to the consumer (1) requesting authentication of the transaction, the consumer (1) replies to the first financial institution (5) authenticating the transaction, the first financial institution (5) forwards a message to the processing means (8) authorising the transaction and arranges transfer of funds to a second financial institution (7), the merchant (2) having an account with the second financial (7) institution and the processing means (8) advising the merchant that the transaction is authorised, as shown in Figure 2.
(FR)
La présente invention concerne un procédé permettant d'effectuer une transaction qui permet à un consommateur (1) d'acheter un bien ou service à partir d'un marchand (2), le procédé comportant les étapes suivantes: la fourniture par le consommateur (1) d'une identification au marchand (2); la transmission par le marchand (2) des détails d'achat vers un moyen de traitement (8), les détails d'achat comprenant la valeur d'achat et les détails concernant le consommateur indiqués par l'identification; la vérification par le moyen de traitement (8) des détails concernant le consommateur et la transmission des détails d'achat vers une première institution financière (5), le consommateur étant détenteur d'un compte auprès de la première institution financière (5) ; la vérification par la première institution financière (5) des détails concernant le consommateur et la transmission d'un message au consommateur (1) comportant une requête d'identification de la transaction; la réponse du consommateur (1) à la première institution financière (5) comprenant une authentification de la transaction; la transmission par la première institution financière (5) d'un message au moyen de traitement (8) autorisant la transaction et les dispositions de transfert de fonds vers une deuxième institution financière (7), le marchand étant détenteur d'un compte auprès de la deuxième institution financière (7) et la notification du marchand par le moyen de traitement (8) de l'autorisation de transaction.
Also published as
Latest bibliographic data on file with the International Bureau