WO2009057172A1 - System and method for remotely transferring sums of money or the like - Google Patents

System and method for remotely transferring sums of money or the like Download PDF

Info

Publication number
WO2009057172A1
WO2009057172A1 PCT/IT2007/000768 IT2007000768W WO2009057172A1 WO 2009057172 A1 WO2009057172 A1 WO 2009057172A1 IT 2007000768 W IT2007000768 W IT 2007000768W WO 2009057172 A1 WO2009057172 A1 WO 2009057172A1
Authority
WO
WIPO (PCT)
Prior art keywords
user
card
money
transfer
deposit account
Prior art date
Application number
PCT/IT2007/000768
Other languages
French (fr)
Other versions
WO2009057172A9 (en
WO2009057172A8 (en
Inventor
Valerio Conforti
Silvano Ventura
Sergio Taini
Ernesto Medeghini
Original Assignee
Erimus Srl
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 Erimus Srl filed Critical Erimus Srl
Priority to PCT/IT2007/000768 priority Critical patent/WO2009057172A1/en
Publication of WO2009057172A1 publication Critical patent/WO2009057172A1/en
Publication of WO2009057172A9 publication Critical patent/WO2009057172A9/en
Publication of WO2009057172A8 publication Critical patent/WO2009057172A8/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
    • G06Q20/08—Payment architectures
    • G06Q20/20—Point-of-sale [POS] network systems
    • 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
    • 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
    • G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
    • G06Q40/02—Banking, e.g. interest calculation or account maintenance

Definitions

  • the present invention relates to a system for. remotely transferring sums of money or. the like onto one's account. : .
  • the object of the present invention is to provide a system for transferring sums of money or the like which overcomes the drawbacks mentioned above.
  • the invention also concerns a system for transferring sums of money or the like in accordance with that stated in Claims 11 to 16.
  • the invention relates furthermore to an identification and transaction card for transferring sums of money or the like in accordance with that described in Claims 17 to 19.
  • the transfer is not limited by the amount which is to be transferred
  • the invention allows the proprietor of the card to make real savings which grow slowly, but continuously in relation to ordinary and extraordinary expenditure.
  • Recognised service suppliers and traders are able to manage advertising programmes and projects associated with the invention, increasing or promoting their own sales and increasing profits.
  • the institutes managing the card according to the invention have the possibility of accumulating a considerable amount of money at a low management cost and over a long period of time.
  • the method according to the invention allows the transfer of sums of money or the like in different ways.
  • a user visits a supplier of goods (for example, a shop, a supermarket, a bookshop or the like) or a supplier of services (such as direct consultancy services, etc.) and makes a purchase.
  • a supplier of goods for example, a shop, a supermarket, a bookshop or the like
  • a supplier of services such as direct consultancy services, etc.
  • the payment may be performed using any credit card/cashpoint card or the like; at the same time, a percentage amount of the sum paid may be credited onto a savings deposit account which is the name of the card owner. This is performed by showing a second card — referred to below as "identification and transaction card" - which identifies the user, and the savings deposit account in his/her name onto which sums of money may be transferred.
  • the identification and transaction card may also be used by persons other than the card owner, provided that the credit is made only onto the card owner's account.
  • the sum transferred may arise from a "discount” in respect of a purchase or may correspond to a sum which the user freely decides to pay, for example a percentage amount of the cost of the purchases.
  • the points accumulated on known "fidelity cards” may be converted into money and paid onto the user's savings deposit account, again by means of the identification and transaction card.
  • the identification and transaction card has an integrated circuit which contains information such as the code of the card, the date of issue, the details of the owner, etc., and is designed so that further information or applications may be added by the managing institute.
  • the card may be provided with a magnetic strip for containing the information indicated above.
  • the transaction may be performed using POS (Points of Sale) systems or the like which are known per se.
  • POS Points of Sale
  • the sum of money accumulated on the account may be managed by a controlling institute which guarantees the owner predefined conditions (for example a yield at least equivalent to inflation). Said management may be conducted in accordance with different policies: - inaccessibility of the account until a predefined age is reached (for example retirement age) whereupon foil repayment is made;
  • a predefined age for example retirement age
  • repayment is made on a monthly basis (in the form of a regular amount); . . . • .
  • Only the owner of the card may negotiate with the controlling institute the operating conditions and may, on the basis of the operating policy chosen, cash the sum of money saved. .
  • the owner of an account may credit cash onto the owner's account. This may be performed at any cashpoint or in any case at any location equipped with a POS system or the like.
  • the method as described in its different variations, is supported by a system for transferring sums of money or the like, where a card reading unit performs recognition of the card used; normally the unit in question is the known POS system.
  • the system reads the data contained on it and sends it to an information authentication unit.
  • the transfer is performed by means of conventional transmission means such- as, for example, a telephone network or via the Internet using fixed or wireless networks.
  • the protocols used are the known information transfer protocols with suitable and known encrypting and anti-intrusion systems. .
  • the authentication unit checks the data received.
  • Each credit institute which manages the credit cards and/or cashpoint cards is equipped with an authentication unit which has the function of recognising its own client requesting a transaction.
  • the authentication unit authorises the reading unit which activates the operation for transfer of the money, the data for which are transmitted by transmission means such as those mentioned.
  • a receiving unit in the case in question the server of the credit institute which manages the card, receives the data regarding the operation performed and records them.
  • the receiving unit transmits, via the usual transmission means, a confirmation that the operation has been successfully concluded.

Abstract

A method for transfer of sums of money or the like by a user is characterized in that envisages identifying the user by means of a special identification and transaction card and transferring money onto a savings deposit account in the name of the said user. Transfer may be performed independently of the purchase of a good or service. A system for transfer of sums of money or the like by a user is used to implement the method.

Description

Title: System and method for remotely transferring sums of money or the like
DESCRIPTION .
The present invention relates to a system for. remotely transferring sums of money or. the like onto one's account. : .
. . . Below reference will be made to bank or insurance accounts, although this must not be regarded in a limiting sense.
It is known that, in order to be able.to credit money onto one's own bank of insurance account, there exist two possibilities, namely:
- transfer by means of remittances performed by a payer different from the owner of the account and therefore from an account other than the receiving account;
- paying-in of cash, cheques or other credit bills at a bank counter by the owner of the account.
Therefore, the need for the owner of an account to be able to perform remotely the paying-in or crediting of cash onto his/her own account is completely disregarded.
This need assumes particular importance when it occurs at the same time as other operations such as, for example, purchases made using a credit card (as such or in the form of cashpoint card).
The object of the present invention is to provide a system for transferring sums of money or the like which overcomes the drawbacks mentioned above.
This object is achieved by a method for transferring sums of money or the like in accordance with that described in Claims 1 to 10.
The invention also concerns a system for transferring sums of money or the like in accordance with that stated in Claims 11 to 16.
The invention relates furthermore to an identification and transaction card for transferring sums of money or the like in accordance with that described in Claims 17 to 19.
The invention involves the following advantages:
- firstly it associates in a priority manner the transfer of money with discounts/savings obtained in respect of purchases made;
- the transfer of money is rapid and may be performed when required, telematically, without the need to go to a bank counter;
- the transfer is not limited by the amount which is to be transferred;
- the transfer is independent of the purchase of goods or services.
The invention allows the proprietor of the card to make real savings which grow slowly, but continuously in relation to ordinary and extraordinary expenditure.
Recognised service suppliers and traders are able to manage advertising programmes and projects associated with the invention, increasing or promoting their own sales and increasing profits.
The institutes managing the card according to the invention have the possibility of accumulating a considerable amount of money at a low management cost and over a long period of time.
The characteristic features and further advantages of the invention will emerge from the description, provided hereinbelow, of an example of embodiment thereof provided by way of a non-limiting example.
The method according to the invention allows the transfer of sums of money or the like in different ways.
According to a first procedure a user visits a supplier of goods (for example, a shop, a supermarket, a bookshop or the like) or a supplier of services (such as direct consultancy services, etc.) and makes a purchase.
The payment may be performed using any credit card/cashpoint card or the like; at the same time, a percentage amount of the sum paid may be credited onto a savings deposit account which is the name of the card owner. This is performed by showing a second card — referred to below as "identification and transaction card" - which identifies the user, and the savings deposit account in his/her name onto which sums of money may be transferred. The identification and transaction card may also be used by persons other than the card owner, provided that the credit is made only onto the card owner's account.
The sum transferred may arise from a "discount" in respect of a purchase or may correspond to a sum which the user freely decides to pay, for example a percentage amount of the cost of the purchases.
Alternatively, if so wished by the goods or services supplier, the points accumulated on known "fidelity cards" may be converted into money and paid onto the user's savings deposit account, again by means of the identification and transaction card.
The identification and transaction card has an integrated circuit which contains information such as the code of the card, the date of issue, the details of the owner, etc., and is designed so that further information or applications may be added by the managing institute.
Alternatively the card may be provided with a magnetic strip for containing the information indicated above.
The transaction may be performed using POS (Points of Sale) systems or the like which are known per se.
' hi a preferred embodiment of the invention, the sum of money accumulated on the account may be managed by a controlling institute which guarantees the owner predefined conditions (for example a yield at least equivalent to inflation). Said management may be conducted in accordance with different policies: - inaccessibility of the account until a predefined age is reached (for example retirement age) whereupon foil repayment is made;
- inaccessibility of the account until, a predefined age is reached (for example retirement age) whereupon repayment is made on a monthly basis (in the form of a regular amount); . . . • .
- repayment at predetermined time intervals in the case where the user has not yet reached the retirement age;
- use for the partial payment of mortgages or loans or the like also at an age prior to retirement age;
- a personalised scheme according to the user's requirements.
Only the owner of the card may negotiate with the controlling institute the operating conditions and may, on the basis of the operating policy chosen, cash the sum of money saved. .
Without affecting the policies for managing the money being saved or already saved, a variation of the method described envisages the possibility of making also a payment in cash following a purchase.
By means of the abovementioned identification and transaction card, it is possible to credit onto the purchaser's account a sum in accordance with the alternative solutions already described with reference to the first procedure.
By way of a further variant, also when not making a purchase and therefore when not effecting a payment for goods or services, the owner of an account, or anyone in possession of the identification and transaction card, may credit cash onto the owner's account. This may be performed at any cashpoint or in any case at any location equipped with a POS system or the like.
The method, as described in its different variations, is supported by a system for transferring sums of money or the like, where a card reading unit performs recognition of the card used; normally the unit in question is the known POS system.
. Once the card has been introduced and read, the system reads the data contained on it and sends it to an information authentication unit. The transfer, is performed by means of conventional transmission means such- as, for example, a telephone network or via the Internet using fixed or wireless networks. The protocols used are the known information transfer protocols with suitable and known encrypting and anti-intrusion systems. .
The authentication unit checks the data received. Each credit institute which manages the credit cards and/or cashpoint cards is equipped with an authentication unit which has the function of recognising its own client requesting a transaction.
If the outcome of authentication is successful, the authentication unit authorises the reading unit which activates the operation for transfer of the money, the data for which are transmitted by transmission means such as those mentioned.
A receiving unit, in the case in question the server of the credit institute which manages the card, receives the data regarding the operation performed and records them.
The receiving unit transmits, via the usual transmission means, a confirmation that the operation has been successfully concluded.

Claims

1. Method for transfer of sums of money or the like by a user, characterized in that it comprises the steps of:
- identifying said user by means of a special identification and transaction card;
- transferring money onto a savings account in the name of the user.
2. Method according to Claim 1, in which said identification and transfer operations are performed by means of POS apparatus or the like.
3. Method according to any one of the preceding claims, in which said transfer is performed onto a savings deposit account able to be used as a fond for subsequent repayment.
4. Method according to the preceding claim, in which said fond may be paid off at predetermined intervals.
5. Method for transfer of sums of money or the like by a user, comprising the following steps:
- purchase of a good or service by said user;
- payment of said good or service by said user; characterized in that it comprises the steps of:
- identifying said user by means of a special identification and transaction card;
- transferring money onto a savings deposit account in the name of said user.
6. Method according to Claim 5, in which'said payment of said good or service is performed by means of credit card or cashpoint card or other equivalent form.
7. Method according to Claim 5, in which said payment of said good or service is performed by means of cheque or cash or other equivalent form.
8. Method according to Claim 5 or 6, in which said transfer is performed by means of POS equipment or the like.
9. Method according to any one of Claims 5 to 8, in which said transfer is performed onto a savings deposit account able to be used as a supplementary pension fund. . . . • . '
10. Method according to the preceding claim, in which said fund may be paid off at predetermined intervals.
11. . System for transfer of sums of money by a user, comprising:
- a card reading unit able to recognise the card used;
- means for transmission of the data for transfer of said sum of money or. the like onto a savings deposit account in the name of the owner of said card;
- a receiving unit able to receive and record the transfer data.
12. System according to Claim 11, comprising furthermore an authentication unit able to check the data received from said card reading unit, in order to determine the authenticity of the user.
13. System according to Claim 11, in which said receiving unit comprises the server of the credit institute which manages the card.
14. System according to Claim 11, in which said reading unit is the POS system.
15. System according to any one of Claims 11 to 13, comprising furthermore transmission means able to transfer data from and to reading, authentication and receiving units.
16. System according to Claim 15, in which said transmission means comprise a fixed telephone network or the Internet.
17. Identification and transaction card for implementing the method for transferring sums of money onto one's own savings deposit account, able to be used in the system for transferring sums of money onto one's own savings deposit account.
18. Identification and transaction card according to Claim 17, in which an integrated circuit comprises information relating to the card, the user and the savings deposit account.
19. Identification and transaction card according to Claim 17, in which a magnetic strip comprises the information relating to the card, the user and the savings deposit account.
PCT/IT2007/000768 2007-10-31 2007-10-31 System and method for remotely transferring sums of money or the like WO2009057172A1 (en)

Priority Applications (1)

Application Number Priority Date Filing Date Title
PCT/IT2007/000768 WO2009057172A1 (en) 2007-10-31 2007-10-31 System and method for remotely transferring sums of money or the like

Applications Claiming Priority (1)

Application Number Priority Date Filing Date Title
PCT/IT2007/000768 WO2009057172A1 (en) 2007-10-31 2007-10-31 System and method for remotely transferring sums of money or the like

Publications (3)

Publication Number Publication Date
WO2009057172A1 true WO2009057172A1 (en) 2009-05-07
WO2009057172A9 WO2009057172A9 (en) 2009-07-02
WO2009057172A8 WO2009057172A8 (en) 2010-03-25

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Citations (4)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
WO2000025507A1 (en) * 1998-10-28 2000-05-04 Mastercard International Incorporated System and method for using a prepaid card
WO2003079159A2 (en) * 2002-03-14 2003-09-25 Euronet Worldwide, Inc. A system and method for purchasing goods and services through data network access points over a point of sale network
US7104443B1 (en) * 2001-04-23 2006-09-12 Debitman Card, Inc. Method and system for facilitating electronic funds transactions
US20070029376A1 (en) * 1999-08-09 2007-02-08 First Data Corporation Systems and methods for configuring a point-of-sale system

Patent Citations (4)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
WO2000025507A1 (en) * 1998-10-28 2000-05-04 Mastercard International Incorporated System and method for using a prepaid card
US20070029376A1 (en) * 1999-08-09 2007-02-08 First Data Corporation Systems and methods for configuring a point-of-sale system
US7104443B1 (en) * 2001-04-23 2006-09-12 Debitman Card, Inc. Method and system for facilitating electronic funds transactions
WO2003079159A2 (en) * 2002-03-14 2003-09-25 Euronet Worldwide, Inc. A system and method for purchasing goods and services through data network access points over a point of sale network

Also Published As

Publication number Publication date
WO2009057172A9 (en) 2009-07-02
WO2009057172A8 (en) 2010-03-25

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