WO2001086450A1

WO2001086450A1 - Prepaid codes payment system cow - cash on web

Info

Publication number: WO2001086450A1
Application number: PCT/BR2001/000036
Authority: WO
Inventors: Dario Marcondes Dos Santos; Lucia Regina De C. Marcondes Dos Santos
Original assignee: Dario Marcondes Dos Santos; Santos Lucia Regina De C Marco
Priority date: 2000-05-05
Filing date: 2001-04-06
Publication date: 2001-11-15
Also published as: AU4397201A

Abstract

The objective of the invention is to eliminate the deficiencies of the state of the technique regarding electronic commercial transactions made through the Internet, networks, and over the phone. This is now possible in accordance with the invention, through the user's interaction with the Prepaid Codes system manager. This computer-servers system will be hosted inside a multiple transactional Cash On Web server, receiving and sending credits and controls, between customers-buyers, vendor's Call Centers and the electronic trade network (e-commerce), making it possible to send customer buyer's money directly to the user merchant's bank account, if desired. The system controls the distribution and use of prepaid codes on cards or cardboards on values from US $10.00 and US$100.00. The system also issues on-line the exact amount of any value of prepaid code, targeted to the front-end terminal printers as bill collectors. ATMs, Bank Tellers and other networks (interlinked to the Cash On Web servers).

Description

Prepaid Codes Payment System COW - Cash On Web Technical Field

New Utility Financial Electronic System, using a New Way of Pay Technology layered on logical predefined off-line procedures, specific new forms, and electronic forms, in conjunction with front-end collectors as ATM's, Authorized Agents networks, and off-line resellers. Cash On Web prepaid code encoder/decoder servers will be hosted at several different geographical data centers connected to the Internet backbones and other wide networks.

Background Art

The system works in part, on the same concepts of prepaid disposable cards for cellular phones and long distance calls. The two main differences are:

- The improvement of the disposable prepaid codes into a new encrypted currency to buy goods and services over the Internet, over the phone, and wide networks and as an alternative currency to settle internetworking electronic business transactions;

- The improvement of the double form into an Electronic Voucher form (MU8003011-4 INPI Brazil) to allow the printouts of on-line prepaid codes according any exact amount related value requested by costumers. The Electronic Voucher keeps on secret the prepaid code printout.

(Disclosure of Invention)

Description

Integrated Way of Electronic Payments System through Prepaid

Codes, which Allows People without Credit Card or Bank Account and Concerned Ones to Make Purchases of Goods and Services, Transfers Cash Money: On the Internet, Over the phone and over other networks. (Mode for Carrying out the Invention)

1 - Prepaid Codes Generation. a) Off-line printing - Disposable Cards

The CashOnWeb Administrator System's company, contracts and sends to a safety Printing Company in magnetic media, or optic media, the electronic encrypted file with the secret codes and their respective amounted values, for printing the cards or forms (plastic, cardboard or chemical double form), in agreement with visual project previously contracted by both parties. The printing company sends back to the CashOnWeb System's

Administrator, the ready lot of cards of prepaid codes for electronic availability on the Prepaid Code's Database, managed by the Management Module and Code Validation inside CashOnWeb servers. Afterward this lot of disposable prepaid cards, goes to distributors. Each off-iine agent, (newsstand, stores, supermarket or bank) acknowledges (sign) the receipt of each lot of prepaid code disposable cards received by the distributor, and pays cash, the corresponding value to the sum of the suitable values, minus a percentile (or fixed table) discount, that will be the reseiler net profit. On the other way, trustable resellers can receive the cards in consignment and deposit aii the money collected from soid CashOnWeb cards, on the next possible day, to one target bank account and receive all profits together on the end of the week or month, according the rulers on each contracted case.

b) On-line Printing - Also On-line Displaying. The CashOnWeb System will have many servers connected to the

Internet to respond prepaid codes requests from many different contracted networks. Financial service networks, Bill Collectors Agents Networks, ATMs Networks, some private networks and Banks. The authorized agent will access the CashOnWeb Agent's Internet page, and will type the value upon the customer request. The CashOnWeb system will also request the Agent, to type a customer's name or nickname plus the customer's birth date. The veracity of this information does not matter, but will protect the customer in the case that he/she looses the printed prepaid code's Electronic Voucher or plane form. If it happens, the customer could contact 800-COWHELP, and ask for the cancellation of the loosed prepaid code, and ask a new one, with no costs. The Electronic Voucher is a special form to receive the printing of the on-line prepaid code and keep it on secret, for use on many front-end small dot printers (as cashiers, points of sales). The Electronic Voucher is useful on towns where the pizza shop or Chinese to go can also be a Cow On-line Authorized agent. Besides a meal order, the customer also can order over the phone, the exact amount Cow prepaid codes Electronic Voucher.

After many secret checks, the contacted CashOnWeb server will send over the Internet Connection, the exact amount prepaid code to print on the printer connected to the Authorized Agent's computer. The encrypted prepaid database codes will keep it in standby until the time the customer accesses it to use to make electronic transactions, on the Internet, 800 advertisers or contracted wide network.

From any ATM the end-consumer will request CashOnWeb prepaid codes, using a conversational user-friendly engine (to be develop) that will access CashOnWeb servers either by other different network path, or by the Internet. Some ATM will not accept cash money as an input. In these ATM, the operation will be restricted to the fact that the customer should transfer money from his/her bank or credit card account into the CashOnWeb System. The ATM will print or display the CashOnWeb server Prepaid Code response.

2 - Purchases a) Internet Purchase

A person, getting interested in purchasing a good or service announced on an Internet visited site or advertisement, goes to a news stand (or other off-line reseller), and purchases so many prepaid disposable cards, until their combined values reaches more approximately (equal or larger) the value of the good or service that he/she is interested to buy on the advertised Internet page. Alternatively, he/she goes to an authorized on-line dealer (Bill collector agent, ATMs) and informs to the teller, the amount of prepaid credits to buy. After the payment, he/she will receive a receipt, and inside this receipt, through authentication of the terminal, the CashOnWeb secret code will be printed either on the Electronic Voucher or plane form. Seconds later, he/she gets a connection (wireless palm, laptop, desktop or cellular phone) to the Internet site where the offer is, and makes the desired purchase. The vendor's system asks his/her credit card numbers. Instead of informing the regular credit card code, he/she informs the CashOnWeb already prepaid code(s). At this point, the system of the site that is doing the sale, transfers the control to the COW Prepaid Codes System manager, which will make the validation of the typed, prepaid code(s). Alternatively, the vendor site will have the icon link showing that the COW customer can click and goes directly to CashOnWeb encoding/decoding servers. The customer can be a beginner user or experienced user. As experienced user, the system will verify if he/she has some residue (change) of the previous purchase, and will add it to the sum (customer prepaid codes account) of the values now introduced in the system. As the transaction is approved, the Prepaid Codes System Manager, sends the electronic credit and controls to the vendors' bank account, minus the percentile of the total purchased (commission pays to CashOnWeb) together with electronic controls, making the purchase, and returning the control of the session to the vendors' site. The vendor takes the procedure steps in order to deliver the merchandise or provide the bought service.

b) Over the Phone Purchases The customer calls the proper 800 number from where the advertisement says the desired product is available. At this point, the customer must follow all the instructions directed by the operator. The CashOnWeb system or the 800 operator asks his/her credit card code. Instead of informing the regular credit card code, he/she answer that this purchase is to be accomplish with CashOnWeb prepaid code(s). Then, the system of the site (or 800 call center) that is doing the sale, transfers the control to the COW Prepaid Codes System manager, which will make the validation the typed prepaid code(s). For security purposes, the customer directly on the telephone pad, will type the prepaid code(s), according the (800) teller instructions. Initially, for purchases over the phone the COW system only will accept exact change prepaid codes. Beyond this point, the system performs the same steps as described on item ^wa" above.

3 - Deposits in Cash

3.1 Description.

Urgent deposits in cash become viable the any hour in any day for any bill in any country where the Web exists. The sender have to buy the amount of prepaid codes to be deposited, plus the value of the transfer tax, to be introduced together with the value to be deposited, The encoder/decoder CashOnWeb servers, will convert the prepaid codes into cash and deposit it in the Bank checking account informed by the sender-customer.

4 - Instant Cash Remittance between On-line Agents

4.1 Description

The authorized on-line agents will also be able to enroll into CashOnWeb net of remittances. The prerequisites are a contract with CashOnWeb, common Bank checking account in connected bank to the Web for common deposits, a telephone and an interlinked PC computer to the WEB with printer.

The customer consults the CashOnWeb authorized Agents listings on each place, and search for the closest agent from the person that will receive the remittance. The customer introduces the prepaid codes into the CashOnWeb Internet page, plus the value of the transfer tax, included to remittance value. In the same operation, the sender informs the agent code, the name, ID number, of the person able to receive the money. On this moment, the CashOnWeb system will create and display a unique password to be informed over the phone to the person who the money is targeted. This way, the Agent who will pay the remittance, will have a double check way before make the payment. Brief Description of Drawings

The model will be more understandable being made reference to the enclosed drawings which: Fig. 1 is a flowchart of the logical sequence of the procedures on the beginning of the process, also illustrating the customer option of buying over the phone;

Fig. 2 is a flowchart of the logical sequence of an Internet purchase; Fig. 3 is a flowchart of the logical sequence of a purchase being accomplished with introduction of credits on the act of the purchase where the customers eventuality prefers to buy upon exact value prepaid code; Fig. 4 is a continued flowchart of fig. 3;

Fig.5 is a flowchart of the logical sequence of a purchase being accomplished with prepaid codes deposited previously; Fig. 6 is a draw of Electronic Voucher form.

Claims

(1) What I claim as my new utility model is the Prepaid Codes Payment System COW - Cash On Web, characterized by the use of the disposable prepaid codes into a new encrypted currency to purchase goods and services over the telephone, on the Internet, and across broadband networks, and as an alternative way to settle internetworking business transactions;

(2) What I claim as my new utility model, is the Electronic Voucher" (double form) to print secret data on authentication printers (financial terminals and/or point-of- sale terminals) from utility model MU8003011-4 INPI Brazil, in agreement with the claim (1), characterized by the on-line generation of disposable prepaid codes from any exact amount value, requested by consumers. The prepaid secret code is only legible on the sealed second page. In addition, on-line information can be printed on legible area of the first page. According to Fig. 6: It is a double form, with the same dimensions on the first page (1) as on the second attached page (2). The dimensions are 6 cm (3) or more by 11 cm (4) or more, masked in the printable area of the first page, with disconnected drawings in black or navy blue to camouflage the legibility of any alphanumeric characters that could be printed over this mask (5). All edges of the form are sealed (6) and cannot be opened until the perforated border of the form is torn off and detached. (7). The print copy on the second page will be made from dot impact upon carbon paper or chemical copy paper. In order to ensure efficient and reliable transfer of the codified value, the form will accommodate preprinted information on the second page (8). Preprinted control information on the second page (outside of the printable masked area) will help system decoder programs to identify and validate the transaction when that preprinted information is requested. The area free from on-line printing (on the first page) can contain corporate logos, (9), the name of the company, bank, and an advertisement. The printed characters from the financial terminal, over the masked area, will only be legible on the second page (10).

(3) What I claim as my new utility model is the Prepaid Codes Payment System COW - Cash On Web in accordance with claims (1) and (2) characterized by:

(a) A consumer encounters an advertisement for goods and/or services on an Internet site or in general advertisement media; (b) this consumer, using any device connected to the Internet, opens up the vendor's site page on which the advertised product is available for sale;

(c) the consumer chooses the preferred model and price, notes the merchandise price (plus tax and delivery cost) and model, or simply prints this Internet page if a printer is available; (d) subsequently, this consumer goes to an authorized vendor and purchases a quantity of Cash-On-Web off-line prepaid codes (instant-lottery type cards or an electronic voucher wrapped in a sealed package), which combined, reaches a value larger or equal to the value of the chosen service or product to be purchased on the Internet. The consumer would recall the annotated or printed details of price and purchase conditions; and

(e) using a device connected to the Internet, the consumer removes the cover layer (for cards or cardboard) or tears off the edges of the Electronic Voucher to reveal the Prepaid Code(s). Eventually, the Cow Agent (if qualified for it) would effectuate the purchase upon consumer's request.

(4) What I claim as my new utility model is the Prepaid Codes Payment System COW - Cash On Web in accordance with claims (1) , (2) and (3) characterized by: The entry of Prepaid Codes before the act of the purchase, where, the consumer using a device connected to the Internet, accesses the COW (Cash-on-web) page at its ^WURL" address. There;

(a) The consumer reaches the Prepaid Codes System Manager following the instructions printed on cards, card backs and Electronic Voucher Packs and enters the sequence of purchased card code until the system notifies the user and displays one new prepaid code termed a prepaid buffer code; (b) remains connected and completes the purchase or;

(c) adds the related prepaid code value to his prepaid COW account or; (d) disconnects and completes the purchase later.

(5) What I claim as my new utility model is the Prepaid Codes Payment System COW - Cash On Web in accordance with claims (1) and (2) characterized by:

(a) A consumer encounters an advertisement of goods and/or services on an Internet site or in general advertisement media;

(b) This consumer, using any device connected to the Internet, opens up the vendor's site page where the advertised product is for sale;

(c) The consumer selects the model and price of his preference, notes the price (plus tax and delivery cost) and model, or simply prints this Internet page if printer is available;

(d) The vendor's sites are programmed to request the code of the purchaser's credit card

(e) AH Cash On Web consumers will also have the Similar option to the way many credit cards function, the COW system will search for the value of the corresponding credit inside the prepaid code COW account.

(f) The COW system assumes control of the operation, interacting directly with the vendor's site.

(6) What I claim as my new utility model is the Prepaid Codes Payment System COW - Cash On Web in accordance with claims (1), (2) and (3) characterized by:

(a) The consumer is connected to the Internet and enters the electronic address of the page corresponding to the product for purchase;

(b) The offer is displayed on the screen;

(c) The consumer selects the desired product for purchase, notes relevant details about the purchase, or prints the Internet page of the product and enters the COW interaction page;

(d) Card by card, validated, credits will be introduced and the sum of their values is accumulated in a temporary accumulator. Then the Cow integrator system module will request all information about the desired product or service, store name, brand, size and the COW integrator module will entirely take care of the purchase.

(e) In the case that the sum of the entered credits exceed, the value of the merchandise, the system will offer the consumer the option of donating the resulting change, if less than a dollar, for one of several charitable institutions listed (hospitals, research centers, etc..)

(f) In the event that the consumer reconsiders, (because also any mistake happened) and decides at the last moment not to complete the transaction aii operations can be cancelled, and the acquired cards remain valid until that consumer has interest in resuming the purchase process.

(7) What I claim as my new utility model is the Prepaid Codes Payment System COW - Cash On Web in accordance with claims (1), (2), (3) and (6) characterized by:

(a) The value of the transaction is subtracted from the consumer's prepaid code balance;

(b) The value of the transaction is electronically sent to who is due; (c) The COW consumer is notified of how much remains in his/her

COW prepaid code account for use in future transactions and;

(d) The system notifies the COW consumer of the successful transaction suggests printing a receipt of the completed transaction codes (recursive codes, on the event of the transaction have to be traced in the future)

(8) What I claim as my new utility model is the Prepaid Codes Payment System COW - Cash On Web in accordance with claims (1) and (2) characterized by:

(a) A consumer is interested in merchandise/service announced on the Internet, or in general advertisement media; (b) later, the consumer finds an authorized on-line Agent, (which can be an ATM, bill collectors or bank) and purchases the amount of prepaid printed codes or the amount of equivalent credits larger or equal to the value of the chosen product to purchased over the phone;

(c) then the consumer or the Cow Agent calls the 800-number (or any number) indicated in the product advertisement;

(d) at this point, the consumer (or Agent) must follow all the instructions of the operator. The CashOnWeb system or the 800-operator asks for the consumer's credit card code. Instead of presenting a regular credit card code, the consumer (or Agent) informs the operator that this purchase will be made with CashOnWeb prepaid code(s). Then, the call center operator or automated system that is doing the sale, transfers the control to the COW Prepaid Codes System manager, which will validate the typed prepaid code(s). For security purposes, the consumer will punch-in the prepaid code(s) directly onto the telephone pad, according to the instructions of the 800-operator. Initially, the COW system only will accept exact change prepaid codes for purchases made over the phone.

(9) What I claim as my new utility model is the Prepaid Codes Payment System COW - Cash On Web in accordance with claims (1) and (2) characterized by:

(a) A consumer shows interest in goods or services announced on the Internet or in general media advertisements;

(b) later, the consumer finds an authorized on-line Agent, (which can be an ATM, bill collector or bank) and purchases a quantity of COW prepaid printed codes or an amount of equivalent credits larger or equal to the value of the chosen product to be purchased over the Internet. Alternatively, the consumer may simply order the Electronic Voucher with desired Cow Prepaid Codes value over the phone with the local on-line Agent. Take, as an example, a side order (home delivery) from a pizza restaurant;

(c) the consumer enters the CashOnWeb (web) page, types the prepaid code, and completes the purchase. Alternatively, the on-line Agent (if qualified) would take the steps to complete the purchase upon consumer's request.

(10) What I claim as my new utility model is the Prepaid Codes Payment System COW - Cash On Web in accordance with claims (1), (2) characterized by instant Cash Money remittance between On-line prepaid COW codes Authorized agents:

(a)The customer consults the CashOnWeb authorized Agents listings (at Cash On Web internet page) on each geographical place; (b) and search for the closest agent from the person that will receive the remittance. The customer introduces the prepaid codes into the CashOnWeb

>, Internet a$fe for remittances (c) plus the value of the transfer tax, included. In the same operation, the sender informs the agent code, the name and ID number, of the person able to receive the money. On this moment, the CashOnWeb system will create and display a unique password to say over the phone to the person who the money is going. This way, the Agent who will pay the remittance, will have a double check way before make the payment, when the receiver appear claiming the remittance.

(11) What I claim as my new utility model is the Prepaid Codes Payment System COW - Cash On Web in accordance with claims (1), (2), (3), (4), (5), (6), (7), (8), (9) and (10) characterized by:

If change values remains after purchases, the system will performs the customer's option on which among others can be: a) Open a snap customer prepaid CashOnWeb account and keep the change, or add the change to existing customer prepaid Cash On

Web account or; b) Cash On Web servers, displays or prints a prepaid code-chage voucher, to be used (add) on the next purchase on the Internet/800 vendors; c) To pay or help to pay purchases (as cash money) on any authorized on-line Cash On Web Agent stores