WO2004031908A3 - Method and system for secure person to person payment - Google Patents

Method and system for secure person to person payment Download PDF

Info

Publication number
WO2004031908A3
WO2004031908A3 PCT/US2003/030900 US0330900W WO2004031908A3 WO 2004031908 A3 WO2004031908 A3 WO 2004031908A3 US 0330900 W US0330900 W US 0330900W WO 2004031908 A3 WO2004031908 A3 WO 2004031908A3
Authority
WO
WIPO (PCT)
Prior art keywords
payment
host computer
person
account
payee
Prior art date
Application number
PCT/US2003/030900
Other languages
French (fr)
Other versions
WO2004031908A2 (en
WO2004031908A9 (en
Inventor
David John Liu
Original Assignee
Epacific Inc
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 Epacific Inc filed Critical Epacific Inc
Priority to AU2003277132A priority Critical patent/AU2003277132A1/en
Publication of WO2004031908A2 publication Critical patent/WO2004031908A2/en
Publication of WO2004031908A3 publication Critical patent/WO2004031908A3/en
Publication of WO2004031908A9 publication Critical patent/WO2004031908A9/en

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
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/02—Payment architectures, schemes or protocols involving a neutral party, e.g. certification authority, notary or trusted third party [TTP]
    • 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
    • G06Q20/04—Payment circuits

Landscapes

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

Abstract

The invention relates to a method and system for enabling an interparty payment. A request for payment is sent by a payee, including an account number and personal identification number (PIN) for a credit account, to a host computer. In response, the host computer generates a transaction reference that indexes a payment amount and the credit account into which the payment amount is to be credited. The transaction reference is forwarded through the payee to a payer. The payer then provides the host computer with payment information comprising the transaction reference and a debit account with authentication token, such as a PIN, from which the payment amount is to be taken. The host computer, using a bank financial network, transfers the payment amount from the debit account to the credit account to complete the interparty payment. The payer and/or payee are then optionally sent payment receipts by the host computer.
PCT/US2003/030900 2002-10-01 2003-10-01 Method and system for secure person to person payment WO2004031908A2 (en)

Priority Applications (1)

Application Number Priority Date Filing Date Title
AU2003277132A AU2003277132A1 (en) 2002-10-01 2003-10-01 Method and system for secure person to person payment

Applications Claiming Priority (2)

Application Number Priority Date Filing Date Title
US26030402A 2002-10-01 2002-10-01
US10/260,304 2002-10-01

Publications (3)

Publication Number Publication Date
WO2004031908A2 WO2004031908A2 (en) 2004-04-15
WO2004031908A3 true WO2004031908A3 (en) 2004-06-03
WO2004031908A9 WO2004031908A9 (en) 2004-07-22

Family

ID=32068189

Family Applications (1)

Application Number Title Priority Date Filing Date
PCT/US2003/030900 WO2004031908A2 (en) 2002-10-01 2003-10-01 Method and system for secure person to person payment

Country Status (2)

Country Link
AU (1) AU2003277132A1 (en)
WO (1) WO2004031908A2 (en)

Families Citing this family (5)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US20110093397A1 (en) * 2009-10-16 2011-04-21 Mark Carlson Anti-phishing system and method including list with user data
US20150348033A1 (en) * 2012-12-21 2015-12-03 Leon Johannes Brits Secure Payments Using Portable Communication Devices and Two Dimensional Codes
US10600039B2 (en) 2015-05-20 2020-03-24 Mastercard International Incorporated Systems and methods for managing financial payments between parties
US10861042B2 (en) * 2016-04-19 2020-12-08 Mastercard International Incorporated Method and system for platform attribution using digitized tokens
US20220114581A1 (en) * 2020-10-09 2022-04-14 Mastercard International Incorporated Personally identifiable information secure person-to-person payment technology

Citations (2)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US6408284B1 (en) * 1993-11-01 2002-06-18 Visa International Service Association Electronic bill pay system for consumers to generate messages directing financial institutions to pay a biller's bill
US6629080B1 (en) * 1998-07-20 2003-09-30 Usa Technologies, Inc. Transaction processing method of fulfilling an electronic commerce transaction by an electronic commerce terminal system

Patent Citations (2)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US6408284B1 (en) * 1993-11-01 2002-06-18 Visa International Service Association Electronic bill pay system for consumers to generate messages directing financial institutions to pay a biller's bill
US6629080B1 (en) * 1998-07-20 2003-09-30 Usa Technologies, Inc. Transaction processing method of fulfilling an electronic commerce transaction by an electronic commerce terminal system

Also Published As

Publication number Publication date
AU2003277132A8 (en) 2004-04-23
AU2003277132A1 (en) 2004-04-23
WO2004031908A2 (en) 2004-04-15
WO2004031908A9 (en) 2004-07-22

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