Method and system for performing a financial transaction in a mobile communications system

• US 20040243490A1
• Filed: 07/01/2004
• Published: 12/02/2004
• Est. Priority Date: 09/03/2001
• Status: Abandoned Application

• Current Assignee: Nokia Solutions and Networks US LLC (Nokia Corporation)
• Original Assignee: Nokia Solutions and Networks US LLC (Nokia Corporation)
• Inventors: Olkkonen, Mikko Juhani, Murto, Juhani
• Application Number:
  US10/487,356
• Publication Number:
  US 20040243490A1
• Time in Patent Office: Days
• US Class Current: 705/30
• 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 20/102 Bill distribution or payments
• 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 20/322 Aspects of commerce using mobile devices [M-devices]
• CPC Class Codes: G06Q 20/3223 Realising banking transactions through M-devices
• CPC Class Codes: G06Q 20/3255 using mobile network messaging services for payment, e.g. SMS
• CPC Class Codes: G06Q 20/326 Payment applications installed on the mobile devices
• CPC Class Codes: G06Q 40/12 Accounting
• CPC Class Codes: H04M 15/00 Arrangements for metering, time-control or time indication ; Metering, charging or billing arrangements for voice wireline or wireless communications, e.g. VoIP
• CPC Class Codes: H04M 15/68 Payment of value-added services
• CPC Class Codes: H04M 17/00 Prepayment of wireline communication systems, wireless communication systems or telephone systems using a coded card to authorise calls from a telephone set H04M1/675
• CPC Class Codes: H04M 2215/0196 Payment of value-added services, mainly when their charges are added on the telephone bill, e.g. payment of non-telecom services, e-commerce, on-line banking
• CPC Class Codes: H04M 2215/2026 Wireless network, e.g. GSM, PCS, TACS
• CPC Class Codes: H04M 2215/32 Involving wireless systems
• CPC Class Codes: H04W 4/24 Accounting or billing

Abstract

The present invention generally relates to a method and system for performing a financial transaction in a mobile communications system. To enable diversified financial transactions between the originator and the recipient of the transaction, a first transaction message is sent to a transaction server and then processed. In response to said processing, a second and a third transaction message are generated. The second transaction message includes information required for performing the transaction in respect of thc first mobile network subscriber, and thc third transaction message includes information required for performing the transaction in respect of the recipient of the transaction. Said second transaction message is sent to a first mobile network billing centre for settling the transaction with respect to said first mobile network subscriber, and said third transaction message is sent to a system receiving the transaction for settling the transaction with respect to said recipient.

Claims

1. A method for performing a transaction from a first mobile network subscriber to a recipient of the transaction, the method including the steps of

sending a first transaction message to a transaction server,

processing said first transaction message,

in response to said processing, generating a second and a third transaction message, said second transaction message including information required for performing the transaction in respect of the first mobile network subscriber, and the third transaction message including information required for performing the transaction in respect of the recipient of the transaction,

sending said second transaction message to a first mobile network billing centre for settling the transaction with respect to said first mobile network subscriber, and

sending said third transaction message to a system receiving the transaction for settling the transaction with respect to said recipient.

2. A method according to claim 1, further including the steps of

sending an enquiry to a mobile network subscriber database, the enquiry including an identifier identifying said first mobile network subscriber,

receiving a response from said database,

on the basis of the response, deciding whether the transaction is to be continued.

3. A method according to claim 1, further including the steps of

monitoring the transaction, and

in response to said monitoring, sending a notification to said first mobile network subscriber indicating the result of the transaction.

4. A method according to claim 1, further including the steps of

storing information about recipients of transactions in a database, and

generating a recipient identifier part for said third transaction message at said processing step using said stored information.

5. A method according to claim 1, wherein said recipient is a second mobile network subscriber and said third transaction message is sent to a mobile network billing centre.

6. A method according to claim 1, wherein the first transaction message is stored in a database.

7. A method according to claim 5, wherein said transaction involves the first mobile network subscriber lending money to the second mobile network subscriber.

8. A method according to claim 1, wherein said transaction involves the first mobile network subscriber recharging a prepaid phone account.

9. A method according to claim 1, wherein said transaction involves the first mobile network subscriber making a giro.

10. A method according to claim 1, wherein said first transaction message is a short message.

11. A system for performing a transaction from a first mobile network subscriber to a recipient of the transaction, the system comprising

first receiving means for receiving a first transaction message at a transaction server,

processing means for processing said transaction message,

first message generating means, responsive to said processing means, for generating a second transaction message, which includes information required for performing the transaction in respect of the first subscriber,

second message generating means, responsive to said processing means, for generating a third transaction message, which includes information required for performing the transaction in respect of the recipient of the transaction,

first sending means, for sending the second transaction message to a mobile network billing centre for settling the transaction with respect to said first mobile network subscriber,

second sending means, for sending the third transaction message to a system receiving transactions for settling the transaction with respect to said recipient.

12. A system according to claim 11, further comprising

third sending means, responsive to said first receiving means, for sending an enquiry to a mobile network subscriber database, the enquiry including an identifier identifying said first mobile network subscriber,

second receiving means, responsive to said third sending means, for receiving a response from said data base, and

selecting means, responsive to said second receiving means, for deciding whether the transaction is to be continued.

13. A system according to claim 11, further comprising

monitoring means for monitoring the transaction, and

third sending means, responsive to said monitoring means, for sending a notification to said first mobile network subscriber indicating the result of the transaction.

14. A system according to claim 11, further comprising

storing means for storing information about recipients of transactions, and

retrieving means, responsive to said storing means, for retrieving said information, and

generating means, responsive to said retrieving and processing means, for generating a recipient identifier for said third transaction message using said stored information.

15. A system according to claim 11, wherein said recipient is a second mobile network subscriber and said second sending means are adapted to send the third transaction message to a second mobile network billing centre.

16. A system according to claim 15, wherein said transaction involves the first mobile subscriber lending money to the second mobile subscriber.

17. A system according to claim 11, wherein said transaction involves the first mobile network subscriber recharging a prepaid phone account.

18. A system according to claim 11, wherein said transaction involves the first mobile network subscriber making a giro.

19. A system according to claim 11, wherein said first transaction message received by the first receiving means is a short message.