Method and system for operating a banking service

• US 20050038744A1
• Filed: 06/01/2004
• Published: 02/17/2005
• Est. Priority Date: 11/29/2001
• Status: Abandoned Application

• Current Assignee: Niel Eben Viijoen
• Original Assignee: Niel Eben Viijoen
• Inventors: Viijoen, Niel Eben
• Application Number:
  US10/497,473
• Publication Number:
  US 20050038744A1
• Time in Patent Office: Days
• US Class Current: 705/42
• 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 20/108 Remote banking, e.g. home banking
• CPC Class Codes: G06Q 20/1085 involving automatic teller machines [ATMs]
• CPC Class Codes: G06Q 20/3221 Access to banking information through M-devices
• CPC Class Codes: G06Q 20/3255 using mobile network messaging services for payment, e.g. SMS
• CPC Class Codes: G06Q 20/3265 characterised by personalisation for use
• CPC Class Codes: G06Q 20/3272 using an audio code
• CPC Class Codes: G06Q 20/425 using two different networks, one for transaction and one for security confirmation
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03

Abstract

A method and system for operating a banking service are included. The system includes a database (12) for storing client registration data and a unique number, which is preferably the MSISDN or mobile telephone number of the client. This number is used as the client'"'"'s account number. A call center (14) receives calls from clients and verifies their identity from data transmitted by their mobile telephones. The system allows clients to conduct various banking transactions including balance, statement and payment transactions. A database stores details of balances and/or transactions in each user'"'"'s account. The system serves for clients to be notified by an SMS transmitted to their mobile telephone of transactions, such as changes to their bank balances or the crediting or debiting of their account. The system can also interface with conventional banking services.

Claims

1. A method of operating a banking service, the method comprising:

registering a plurality of clients with the banking service, including recording a unique number associated with a mobile telephone of each client;

allocating an account number to each client which comprises at least a part of said unique number;

receiving, from time to time, calls from a client via the mobile telephone;

verifying the client'"'"'s identity from data transmitted from the mobile telephone corresponding to said unique number; and

conducting at least one banking transaction relating to the account corresponding to said unique number.

2. A method according to claim 1 wherein the account number allocated to each client corresponds to the unique network number of the mobile telephone.

3. A method according to claim 2 wherein the account number corresponds exactly to the Mobile Station Integrated Services Digital Network (MSISDN) number of the mobile telephone.

4. A method according to claim 1 further comprising providing an Interactive Voice Response (IVR) interface responsive to selective data transmissions from the mobile telephone to select and configure at least one of a plurality of banking service options.

5. A method according to claim 4 wherein the plurality of banking service options comprises a bank balance service, a bank statement service and a payment service.

6. A method according to claim 5 wherein the bank balance service comprises transmitting bank balance data to the client at intervals specified previously by the client, or on request.

7. A method according to claim 6 wherein the bank balance data is transmitted in SMS format to the mobile telephone of the client.

8. A method according to claim 6 wherein the bank balance data is transmitted to the mobile telephone of the client in an audible format.

9. A method according to claim 5 wherein the bank statement service comprises transmitting statement data to a facsimile number stipulated by the client in a request made by the client to the IVR interface.

10. A method according to claim 5 wherein the payment service comprises the steps of receiving a payment instruction from a payer who is a registered client of the banking service, the payment request comprising the amount to be paid and a unique network number of a mobile telephone of the payee, and transferring funds from the payer'"'"'s account to the payee'"'"'s account.

11. A method according to claim 10 wherein both the payer and the payee are registered clients of the banking service, each having an account number which corresponds exactly to the unique MSISDN number of their respective mobile telephones.

12. A method according to claim 5 wherein the payment service comprises the steps of recording at least one account number of an external account held with a conventional banking service, and receiving an instruction from a registered client of the banking service to transfer funds to or from said external accounts, from or to the registered client'"'"'s account.

13. A method according to claim 10 further comprising transmitting payment confirmation data to the mobile telephones of the payer and the payee.

14. A method according to claim 13 wherein the payment confirmation data is transmitted to SMS format.

15. A system for operating a banking service, the system comprising:

a database for storing client registration data of a plurality of clients including a unique number associated with a mobile telephone of each client and a bank account number which comprises at least a part of said unique number;

a call center for receiving calls from clients via their mobile telephones, for verifying a client'"'"'s identity from data transmitted from the client'"'"'s mobile telephone corresponding to said unique number, and for enabling the conducting of at least one banking transaction relating to the account corresponding to said unique number; and

a bank account database for storing details of balances and transactions in each client'"'"'s account.

16. A system according to claim 15 wherein the account number allocated to each client corresponds to the unique network number of the mobile telephone.

17. A system according to claim 16 wherein the account number corresponds exactly to the Mobile Station Integrated Services Digital Network (MSISDN) number of the mobile telephone.

18. A system according to claim 15 wherein the call center is an Interactive Voice Response (IVR) interface responsive to selective data transmissions from the mobile telephone to select and configure at least one of a plurality of banking service options.

19. A system according to claim 15 including Short Message Service Center (SMS-C) arranged to serve as a gateway between the mobile telephones of clients and the system and to transmit bank balance data and payment confirmation data from the system to the mobile telephones of clients.

20. A system according to claim 15 wherein the bank account database is a secure database operated by a value added service provider in conjunction with a cellular network operator.