Electronic settlement payment method

• US 20010032191A1
• Filed: 12/05/2000
• Published: 10/18/2001
• Est. Priority Date: 04/17/2000
• Status: Abandoned Application

• Current Assignee: Korea Advanced Institute of Science and Technology
• Original Assignee: Korea Advanced Institute of Science and Technology
• Inventors: Choe, Kyoung-Whan, Choi, Key-Sun
• Application Number:
  US09/729,107
• Publication Number:
  US 20010032191A1
• Time in Patent Office: Days
• US Class Current: 705/64
• CPC Class Codes: G06Q 20/04 Payment circuits
• CPC Class Codes: G06Q 20/12 specially adapted for electronic shopping systems
• CPC Class Codes: G06Q 20/382 insuring higher security of transaction
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03

Abstract

Disclosed is a method of paying an electronic settlement in an electronic commerce by assigning a payment settlement agency between a payer and a payee. The method includes a first step of the payer obtaining an electronic catalog from the payee through Internet; a second step of the payer approving an access of a payer'"'"'s bank account by a payment settlement agency server; a third step of the payer ordering goods to a payee server and paying a settlement through of the payment settlement agency; a fourth step of the payment settlement agency server providing confirmation of an effect of transaction between the payer and the payee to concerned parties of the transaction; and a fifth step of transferring a deposit from the payer'"'"'s bank account to a payee'"'"'s bank account through a financial network.

Claims

1. A method of paying an electronic settlement in an electronic commerce, the method comprising the steps of:

a first step of a payer obtaining an electronic catalog from the payee through Internet;

a second step of the payer approving an access of a payer'"'"'s bank account by a payment settlement agency server;

a third step of the payer ordering goods to a payee server and paying a settlement through of the payment settlement agency;

a fourth step of the payment settlement agency server providing confirmation of an effect of transaction between the payer and the payee to concerned parties of the transaction; and

a fifth step of transferring a deposit from the payer'"'"'s bank account to a payee'"'"'s bank account through a financial network.

2. The method as claimed in

claim 1

, wherein the third step includes the steps of:

c-1) the payment settlement agency giving a business number regarding an interest business to the payer

c-2) the payment settlement agency receiving the business number and coded information from the payee, which includes order information, a payment amount, and information on a store;

c-3) sending information with the coded information and information regarding the payment settlement agency being sent to a server of the payee denoted in the coded information; and

c-4) the payee confirming the order of the payer from the information transmitted from the payment settlement agency, coding and executing the information necessary to the business, and sending the information to the payment settlement agency.

3. The method as claimed in

claim 2

, wherein the fourth step includes the steps of:

the payment settlement agency comparing a price received from the server with a price received from the payer to confirm an exact transfer of the order information; and

after the confirmation, the payment settlement agency certifying and sending to the payer the information, and certifying and sending to the payee the information with the business number and an amount of money to be paid.

4. The method as claimed in

claim 1

, wherein the catalog includes a classification code of goods, price of goods, business information of a store, connection information of the store, certification of the store, position of up-to-date information, and signature of a seller to determine a validity of the catalog.