Method of implementing digital payments

• US 20030126078A1
• Filed: 11/05/2002
• Published: 07/03/2003
• Est. Priority Date: 05/05/2000
• Status: Active Grant

• Current Assignee: Fintegraph, LLC (Ascend Innovation Management, LLC)
• Original Assignee: Sonera Oyj
• Inventors: Vihinen, Seppo
• Granted Patent: US 8,484,128 B2
• Time in Patent Office: Days
• US Class Current: 705/40
• CPC Class Codes: G06Q 20/04 Payment circuits
• CPC Class Codes: G06Q 20/0425 the cheque being electronic only
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/102 Bill distribution or payments
• CPC Class Codes: G06Q 20/108 Remote banking, e.g. home banking

Abstract

A method for transferring a digital payment order from a first terminal device to a second terminal device, and for saving the payment order on a payment order server. A payment order request is sent from the first terminal device to the payment order server and, in response, the requested payment order is sent from the payment order server to the first terminal device. The payment order is thereafter transmitted from the first terminal device to the second terminal device, and the payment order is then transferred from the second terminal device to the payment order server to be honored. A message confirming the honoring of the payment order is sent to the second terminal device.

Claims

1. A method for transferring a digital payment order from a first terminal device to a second terminal device and for saving the payment order on a payment order server, comprising the steps of:

sending a request for the payment order from the first terminal device to the payment order server;

sending the payment order from the payment order server to the first terminal device in response to the payment order request from the first terminal device;

transmitting, from the first terminal device to the second terminal device, the payment order received by the first terminal device from the payment order server;

transferring, from the second terminal device to the payment order server, the payment order transmitted from the first terminal device to the second terminal device; and

sending, to the second terminal device, a confirmation message informing the second terminal device that the payment order has been honored.

2. A method in accordance with claim 1, further comprising the steps of:

sending, from the payment order server to the first terminal device prior to said transmitting of the payment order from the first terminal device to the second terminal device, a checking message; and

if a confirmatory response to the checking message is received by the payment order server from the first terminal device, transmitting the payment order to the second terminal device.

3. A method in accordance with claim 1, further comprising the step of sending, to the first terminal device after said sending of the payment order to the first terminal device, an account transaction informational message.

4. A method in accordance with claim 1, further comprising the step of sending, to the first terminal device after receipt by the second terminal device of the payment order transmitted from the first terminal device to the second terminal device, a confirmation message.

5. A method in accordance with claim 1, further comprising the step of sending, to the first terminal device after the second terminal device has honored the payment order, a confirmation message.

6. A method in accordance with claim 1, further comprising the step of sending to the second terminal device from the payment order server, if the second terminal device has not honored the payment order within a predetermined time period and a period of validity of the payment order is terminating, a reminder.

7. A method in accordance with claim 1, further comprising the step of canceling the payment order if the second terminal device sends the payment order to a third terminal device.

8. A method in accordance with claim 1, further comprising the step of canceling the payment order if the payment order has not been honored within a predetermined time period.

9. A method in accordance with claim 1, further comprising the step of sending a cancellation notification message to the first terminal device if the payment order has not been honored within a predetermined time period.

10. A method in accordance with claim 1, further comprising the step of sending a cancellation notification message to the second terminal device if the payment order has not been honored within a predetermined time period.

11. A method in accordance with claim 1, wherein the payment order comprises a digital message.

12. A method in accordance with claim 1, wherein the payment order defines a payment procedure in which currency of a value designated by the payment order is transferred from a sender to a recipient.

13. A method in accordance with claim 1, wherein the payment order comprises a message that specifies a currency value of the payment order, a sender name, a sender mobile station number, instructions for honoring the payment order, and an identifier.

14. A method in accordance with claim 1, wherein the payment order comprises a message that specifies a transmission time, a number of confirmation messages to be sent, a period of validity, a method of destruction if the payment order is not honored within the period of validity, and a mobile number of the recipient.