System and method for financial transactions

• US 20030220884A1
• Filed: 09/19/2002
• Published: 11/27/2003
• Est. Priority Date: 05/23/2002
• Status: Abandoned Application

• Current Assignee: SK Planet Co., Ltd. (SK Telecom Co., Ltd.)
• Original Assignee: SK Planet Co., Ltd. (SK Telecom Co., Ltd.)
• Inventors: Choi, Seung-Jin, Shin, Sang-Hee, Ahn, Sahng-Kyoo, Min, Byung-Wook, Lee, Kyung-Bae, Lim, Dong-Phil, Kim, Jae-Kwang
• Application Number:
  US10/251,478
• Publication Number:
  US 20030220884A1
• Time in Patent Office: Days
• US Class Current: 705/64
• CPC Class Codes: G06Q 20/04 Payment circuits
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/223 based on the use of peer-to-peer networks
• CPC Class Codes: G06Q 20/28 Pre-payment schemes, e.g. "pay before"
• CPC Class Codes: G06Q 20/3223 Realising banking transactions through M-devices
• CPC Class Codes: G06Q 20/326 Payment applications installed on the mobile devices
• CPC Class Codes: G06Q 20/382 insuring higher security of transaction

Abstract

The present invention discloses a system and method for financial transactions. The system for financial transactions includes: a database for storing information of a mobile terminal subscriber; a subscriber service interface for interfacing a service for the subscriber through a communication network; and a service control unit for processing the financial transactions according to the message from the subscriber service interface, and transmitting a result message to the interface. In accordance with the present invention, the B to P or the P to P commerce employs various settlement methods through a portable terminal. Moreover, a virtual account is issued to the mobile terminal subscriber, and money is freely transferred between the virtual account and a real bank account. The financial transactions are executed through the portable terminal, thereby improving security and easily settling an account.

Claims

1. A system for financial transactions which issues virtual mobile accounts to mobile terminal subscribers to use the financial transaction through the mobile accounts, comprising:

a database for storing information of the mobile terminal subscriber who intends to use the financial transaction;

a subscriber service interface for providing a service menu to the subscriber through a communication network, and outputting a corresponding message when the subscriber selects an item of the menu; and

a service control unit for processing the financial transaction of the mobile account according to the message from the subscriber service interface, and transmitting a result message to the service interface.

2. The system according to claim 1, further comprising a service/banking interface for interfacing to transfer money between the mobile account of the database and a bank account.

3. The system according to claim 1, further comprising a financial settlement system for processing transfer between a bank account of the subscriber and an intermediate account upon the request of the service control unit, and transmitting the result.

4. The system according to claim 1, further comprising a messaging unit for transmitting a financial transaction request and processing result to a receiver through an E-mail or SMS.

5. The system according to claim 1, wherein the service control unit comprises a code issuing service unit for issuing at least one of an authentication code for authenticating the subscriber, a billing code for discriminating transactions, an escrow code and a subscription collection code.

6. The system according to claim 1, wherein the service control unit comprises a realization service unit for performing a transfer service when the subscriber intends to realize money from the mobile account to the bank account.

7. The system according to claim 1, wherein the service control unit comprises a remittance service unit for performing a transfer service when the subscriber intends to remit money from the mobile account to the mobile account of another subscriber.

8. The system according to claim 1, wherein the service control unit comprises a member store settlement service unit for temporarily settling settlement money from the mobile account of the subscriber who intends to settle an account upon the request of a member store which demands the settlement, and completing the settlement after a predetermined setup period by transferring settlement money to the mobile account of the subscriber who requests the settlement.

9. The system according to claim 1, wherein the service control unit comprises a member store direct payment settlement service unit for directly transferring settlement money from the mobile account of the subscriber who intends to settle an account to the mobile account of the subscriber who requests the settlement upon the request of a member store which demands the settlement.

10. The system according to claim 1, wherein the service control unit comprises an escrow service unit for temporarily settling settlement money from the mobile account of the subscriber who intends to settle an account upon the request of the subscriber who intends to settle the account, and completing the settlement by transferring settlement money to the mobile account of the subscriber who requests the settlement, when the subscriber who intends to settle the account notifies reception of goods.

11. The system according to claim 1, wherein the service control unit comprises a billing service unit for issuing a settlement code to the subscriber who requests settlement, storing billing contents corresponding to the settlement code, transmitting the billing contents to the subscriber who intends to settle an account, and transferring settlement money from the mobile account of the subscriber who intends to settle the account to the mobile account of the subscriber who requests the settlement upon the request of the subscriber who intends to settle the account.

12. The system according to claim 1, wherein the service control unit comprises a subscription service unit for issuing a subscription collection code to the subscriber who intends to collect subscriptions, storing subscription collection contents corresponding to the subscription collection code, and transferring money from the mobile account of the subscriber who intends to purchase subscriptions to the mobile account of the subscriber who intends to collect subscriptions.

13. A method for financial transaction which issues virtual mobile accounts to mobile terminal subscribers to use the financial transaction through the mobile accounts, comprising the steps of:

discriminating a charging request message from the subscriber who intends to deposit a predetermined amount of money to the mobile account;

extracting bank account information of the subscriber who requests charging;

demanding depositing to an intermediate account; and

depositing money to the mobile account of the subscriber requesting the charging, when money is deposited to the intermediate account.

14. The method according to claim 13, wherein the step for depositing money to the mobile account of the subscriber comprises a step for transmitting a deposit result message to the subscriber.

15. A method for financial transactions which issues virtual mobile accounts to mobile terminal subscribers to use the financial transaction through the mobile accounts, comprising the steps of:

discriminating a realization request message from the subscriber who intends to transfer a predetermined amount of money from the mobile account to a bank account;

confirming whether realization request money exists in the mobile account of the subscriber;

transferring realization request money from an intermediate account to the bank account of the subscriber, when realization request money exists in the mobile account of the subscriber; and

withdrawing realization request money from the mobile account of the subscriber, and depositing it to the intermediate account, when realization request money is transferred to the bank account of the subscriber.

16. The method according to claim 15, wherein the step for depositing money to the intermediate account comprises a step for transmitting a realization result message to the subscriber.

17. A method for financial transaction which issues virtual mobile accounts to mobile terminal subscribers to use the financial transaction through the mobile accounts, comprising the steps of:

discriminating a remittance request message from the subscriber who intends to remit a predetermined amount of money from the mobile account to a mobile account of another subscriber;

confirming whether remittance request money exists in the mobile account of the subscriber requesting remittance; and

withdrawing remittance request money from the mobile account of the subscriber requesting the remittance, and depositing it to the mobile account of the subscriber receiving money, when remittance request money exists in the mobile account of the subscriber.

18. The method according to claim 17, wherein the step for depositing money to the mobile account of the subscriber comprises a step for transferring remittance request money from a bank account of the subscriber requesting the remittance to the mobile account thereof, when remittance request money does not exist in the mobile account of the subscriber.

19. The method according to claim 17, wherein the step for depositing money to the mobile account of the subscriber who receives money comprises a step for transmitting a remittance result message to the subscriber who intends to remit money and the subscriber who receives money.

20. A method for financial transaction which issues virtual mobile accounts to mobile terminal subscribers to use the financial transaction through the mobile accounts, comprising the steps of:

discriminating a billing settlement message from the subscriber who intends to settle an account according to billing contents corresponding to an issued billing code;

extracting the billing contents on the basis of the billing code discriminated from the billing settlement message;

confirming the balance of the mobile account of the subscriber who intends to settle the account according to the billing contents; and

withdrawing billing money from the mobile account of the subscriber who intends to settle the account, and depositing it to the mobile account of the subscriber requesting the settlement, when billing money exists in the mobile account of the subscriber.

21. The method according to claim 20, further comprising a step for previously issuing the billing code to the subscriber who requests settlement, and storing the billing contents corresponding to the billing code.

22. The method according to claim 21, further comprising a step for transmitting the billing code and billing contents to the subscriber who settles an account.

23. The method according to claim 20, wherein the step for depositing money to the mobile account of the subscriber comprises a step for transferring settlement money from a bank account of the subscriber who intends to settle the account to the mobile account thereof, when the balance of the mobile account of the subscriber is deficient.

24. The method according to claim 20, wherein the step for depositing money to the mobile account of the subscriber comprises a step for transmitting a billing settlement result message to the subscriber who intends to settle an account and the subscriber who requests the settlement.

25. A method for financial transaction which issues virtual mobile accounts to mobile terminal subscribers to use the financial transaction through the mobile accounts, comprising the steps of:

discriminating a member store settlement request message from a member store which intends to request settlement;

confirming an authentication code included in the member store settlement request message of the subscriber who intends to settle an account;

confirming whether settlement money exists in the mobile account of the subscriber who intends to settle the account, when the authentication code is valid; and

withdrawing settlement money from the mobile account of the subscriber who intends to settle the account, and depositing settlement money to a settlement account of the member store, when settlement money exists in the mobile account of the subscriber.

26. The method according to claim 25, further comprising a step for previously issuing the authentication code to the subscriber who intends to settle an account, and storing the authentication code.

27. The method according to claim 25, further comprising a step for setting up the authentication code to be used one time.

28. The method according to claim 25, further comprising a step for withdrawing money from the member store settlement account, and depositing it to the mobile account of the member store subscriber after a predetermined setup period.

29. The method according to claim 25, wherein the step for depositing settlement money to a settlement account of the member store comprises a step for transferring settlement money from a bank account of the subscriber who intends to settle the account to the mobile account thereof, when the balance of the mobile account of the subscriber is deficient.

30. The method according to claim 28, wherein the step for depositing money to the mobile account of the member store subscriber comprises a step for transmitting a depositing result message to the subscriber who requests the settlement.

31. A method for financial transaction which issues virtual mobile accounts to mobile terminal subscribers to use the financial transaction through the mobile accounts, comprising the steps of:

discriminating a member store direct payment settlement request message from a member store which intends to request settlement;

confirming authentication information included in the member store direct payment settlement request message of the subscriber who intends to settle an account;

confirming whether settlement money exists in the mobile account of the subscriber who intends to settle the account, when the authentication information is valid, and

withdrawing settlement money from the mobile account of the subscriber who intends to settle the account, and depositing settlement money to the mobile account of the member store subscriber, when settlement money exists in the mobile account of the subscriber.

32. The method according to claim 31, further comprising a step for previously issuing the authentication code to the subscriber who intends to settle an account, and storing the authentication code.

33. The method according to claim 32, further comprising a step for setting up the authentication code to be used one time.

34. The method according to claim 31, wherein the step for depositing settlement money to the mobile account of the member store subscriber comprises a step for transferring settlement money from a bank account of the subscriber who intends to settle the account to the mobile account thereof, when the balance of the mobile account of the subscriber is deficient.

35. The method according to claim 31, wherein the step for depositing money to the mobile account of the member store subscriber comprises a step for transmitting a depositing result message to the subscriber who requests the settlement.

36. A method for financial transaction which issues virtual mobile accounts to mobile terminal subscribers to use the financial transaction through the mobile accounts, comprising the steps of:

discriminating an escrow settlement request message from the subscriber who intends to settle an account according to escrow contents corresponding to an escrow code issued between the subscribers who intend to perform conditional transaction;

extracting the escrow contents on the basis of the escrow code included in the escrow settlement request message;

confirming whether settlement money exists in the mobile account of the subscriber who intends to settle the account according to the escrow contents; and

withdrawing settlement money, and depositing settlement money to an escrow account, when settlement money exists in the mobile account of the subscriber.

37. The method according to claim 36, further comprising a step for previously issuing the escrow code to the subscriber who requests settlement, and storing the escrow contents corresponding to the escrow code.

38. The method according to claim 37, wherein the step for storing the escrow contents comprises a step for transmitting the escrow code and escrow contents to the subscriber who settles an account.

39. The method according to claim 36, wherein the step for depositing settlement money to an escrow account comprises a step for transferring settlement money from a bank account of the subscriber who intends to settle the account to the mobile account thereof, when the balance of the mobile account of the subscriber is deficient.

40. The method according to claim 36, further comprising the steps of:

confirming whether an escrow acquisition request message is received from the subscriber who intends to settle an account;

extracting escrow contents on the basis of an escrow code included in the escrow acquisition request message; and

withdrawing settlement money kept in the escrow account on the basis of the escrow contents, and depositing it to the mobile account of the subscriber who requests settlement.

41. The method according to claim 40, wherein the step for depositing money to the mobile account of the subscriber who requests settlement comprises a step for transmitting a deposit result message to the subscriber who requests the settlement.

42. A method for financial transaction which issues virtual mobile accounts to mobile terminal subscribers to use the financial transaction through the mobile accounts, comprising the steps of:

discriminating a subscription settlement request message from the subscriber who intends to purchase subscriptions according to subscription collection contents corresponding to a subscription collection code issued to the subscriber who intends to collect subscriptions;

extracting the subscription collection contents on the basis of the subscription collection code included in the subscription settlement request message;

confirming whether subscription money exists in the mobile account of the subscriber who intends to subscribe money according to the subscription collection contents; and

withdrawing subscription money, and depositing subscription money to the mobile account of the subscriber who collects subscriptions, when subscription money exists in the mobile account of the subscriber.

43. The method according to claim 42, further comprising a step for previously issuing the subscription collection code to the subscriber who intends to collect subscriptions, and storing the subscription collection contents corresponding to the subscription collection code.

44. The method according to claim 42, wherein the step for depositing subscription money to the mobile account of the subscriber comprises a step for transferring settlement money from a bank account of the subscriber who intends to settle the account to the mobile account thereof, when the balance of the mobile account of the subscriber is deficient.

45. The method according to claim 42, wherein the step for depositing money to the mobile account of the subscriber comprises a step for transmitting a deposit message to the subscriber who collects subscriptions.

46. A method for financial transactions which issues virtual mobile accounts to mobile terminal subscribers to use the financial transaction through the mobile accounts, comprising the steps of:

discriminating a remittance request message from the subscriber who intends to remit a predetermined amount of money from the mobile account of the subscriber to a bank account of another subscriber;

confirming whether remittance request money exists in the mobile account of the subscriber requesting remittance;

withdrawing remittance request money from the mobile account of the subscriber requesting the remittance, and depositing remittance request money to an intermediate account, when remittance request money exists in the mobile account of the subscriber; and

transferring remittance money from the intermediate account opened in a bank of the subscriber receiving money to the bank account of the subscriber.

47. The method according to claim 46, wherein the step for depositing remittance request money to an intermediate account comprises a step for transferring settlement money from a bank account of the subscriber who intends to settle the account to the mobile account thereof, when the balance of the mobile account of the subscriber is deficient.

48. A method for financial transaction which issues virtual mobile accounts to mobile terminal subscribers to use the financial transaction through the mobile accounts, comprising the steps of:

discriminating a remittance request message from the subscriber who intends to remit a predetermined amount of money from a bank account of the subscriber to a bank account of another subscriber;

requesting deposit from the bank account of the subscriber who intends to remit money to an intermediate account opened in a bank of the subscriber; and

requesting deposit from an intermediate account opened in a bank of the subscriber who intends to receive money to the bank account of the subscriber, when remittance money is deposited to the intermediate account.