System for providing banking services by use of mobile communication

• US 20040267665A1
• Filed: 06/22/2004
• Published: 12/30/2004
• Est. Priority Date: 06/24/2003
• Status: Active Grant

• Current Assignee: LG Uplus Corporation (LG Corporation)
• Original Assignee: LG Telecom Incorporated (LG Corporation)
• Inventors: Kim, Jun-Hyung, Nam, Deok-Young, Kim, Hyung-Seok, Park, Hee-Jin
• Granted Patent: US 7,885,870 B2
• Time in Patent Office: Days
• US Class Current: 705/41
• 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 20/105 involving programming of a portable memory device, e.g. IC cards, "electronic purses"
• CPC Class Codes: G06Q 20/3223 Realising banking transactions through M-devices
• CPC Class Codes: G06Q 20/3265 characterised by personalisation for use
• CPC Class Codes: G06Q 20/341 Active cards, i.e. cards including their own processing means, e.g. including an IC or chip
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03
• CPC Class Codes: G07F 7/0886 the card reader being portable for interacting with a POS or ECR in realizing a payment transaction
• CPC Class Codes: G07F 7/1008 Active credit-cards provided with means to personalise their use, e.g. with PIN-introduction/comparison system

Abstract

A system for providing banking services by use of a mobile communication system, in which a variety of financial transactions including inquiry of at least one financial account of at least one financial institution, transfer and remittance, and loan and its interest payment are processed by the mobile communication system. The system includes: the mobile communication system, provided with an integrated circuit (IC) card and a memory device to which a banking application is installed, for transmitting and receiving data by wireless, the IC card being stored with information on a personal identification number (PIN) and information related to financial accounts including a loan account. The banking application processing the financial transactions including the financial account inquiry, the transfer and remittance, and the loan and its interest payment by mobile banking; a base station transceiver system (BTS) for executing a wireless interface with the mobile communication system and a base station controller (BSC) for performing call processing and for providing a core network interface with the BTS. A packet data switching network (PDSN) for providing a packet data transfer service using a transmission control protocol/Internet protocol (TCP/IP); and at least one banking server for, when being requested to process the financial transactions including the financial transactions including the financial account inquiry, the transfer and remittance, and the loan and its interest payment by the banking application of the mobile communication system.

Claims

1. A system for providing banking services by use of a mobile communication system, in which a variety of financial transactions of at least one financial institution are processed by the mobile communication system, the system comprising:

the mobile communication system, having an integrated circuit (IC) card and a memory device to which a banking application is installed, that transmits and receives data by wireless, the IC card being stored with information on a personal identification number (PIN) and information related to financial accounts, the banking application processing the financial transactions by mobile banking;

a base station transceiver system (BTS) executes a wireless interface with the mobile communication system and a base station controller (BSC) for performing call processing and for providing a core network interface with the BTS;

a packet data switching network (PDSN) that provides a packet data transfer service using a transmission control protocol/Internet protocol (TCP/IP); and

at least one banking server that provides information processing the request and information on a response to the request when being requested to process the financial transactions by the banking application of the mobile communication system,

wherein, when a key signal related to the financial transactions is inputted in the mobile communication system, the banking application installed to the mobile communication system is executed, the PIN information for completing a login to the IC card is inputted, authentication is performed in the mobile communication system, a list of the financial accounts stored in the IC card is extracted and displayed in a display window of the mobile communication system, any one of financial accounts is selected from the list of the financial accounts, a request message of the financial transactions is formed using various kinds of information on the selected financial account and transmitted to the banking server, the banking server processes the financial transactions in response to the financial transaction request message and transmits a result of processing the financial transactions to the mobile communication system, and the result of processing the financial transactions is displayed through the display window of the mobile communication system.

2. The system set forth in claim 1, further comprising:

a dedicated key for performing only the financial transactions.

3. The system set forth in claim 1, wherein:

the mobile communication system is any one of a mobile phone, a smart phone and a personal digital assistant (PDA) which have a communication function; and

a hierarchical structure of software (S/W) built in the mobile communication system has an IC card driver for managing data of the IC card and system S/W for managing basic functions of the mobile communication system, which are established as a lower structure, and the banking application and an IC card application programming interface (IC card API), which are established as an upper structure, and a Java virtual machine (Java VM) as an intermediate code for executing the banking application between the lower and upper structures.

4. The system set forth in claim 1, wherein the IC card is removable from the mobile communication system.

5. The system set forth in claim 3, wherein the IC card is removable from the mobile communication system.

6. The system set forth in claim 1, wherein the IC card performs any one of modification of the information related to the financial accounts stored in the IC card, and addition of new information on the financial accounts, after permitting the login through authentication of the PIN information.

7. The system set forth in claim 3, wherein the IC card performs any one of modification of the information related to the financial accounts stored in the IC card, and addition of new information on the financial accounts, after permitting the login through authentication of the PIN information.

8. The system set forth in claim 1, wherein the IC card stores the financial account information including an account number and password, a corresponding financial institution code, a kind of the account, and customer information with regard to each financial account of a user.

9. The system set forth in claim 3, wherein the IC card stores the financial account information including an account number and password, a corresponding financial institution code, a kind of the account, and customer information with regard to each financial account of a user.

10. The system set forth in claim 1, wherein the IC card has a function for resetting the financial account information so as to allow the financial account information stored in the IC card and that managed by the banking server to be matched with each other.

11. The system set forth in claim 3, wherein the IC card has a function for resetting the financial account information so as to allow the financial account information stored in the IC card 11 ant that managed by the banking server 40 to be matched with each other.

12. The system set forth in claim 1, wherein the PIN information stored in the IC card is inputted by providing a short message service to the mobile communication system of the user with which the IC card is equipped, and by manipulating the IC card.

13. The system set forth in claim 3, wherein the PIN information stored in the IC card is inputted by providing a short message service to the mobile communication system of the user with which the IC card is equipped, and by manipulating the IC card.

14. The system set forth in claim 3, wherein the mobile communication system and the banking server make use of any one of encryption solutions including E2E (end to end) and WPKI (wireless public key infrastructure) for security of data and financial information.

15. The system set forth in claim 1, wherein the financial transactions are at least one of financial account inquiry, transfer and remittance, and loan and its interest payment.