Transaction processing system

• US 20050246277A1
• Filed: 09/22/2003
• Published: 11/03/2005
• Est. Priority Date: 10/23/2002
• Status: Abandoned Application

• Current Assignee: MS2 Online Limited
• Original Assignee: MS2 Online Limited
• Inventors: Bloem, Nicolaas Cornelis, Smith, Eugene Francois, Hanekom, Eric Henry, Smit, Andries Burger, Marais, Matthys Johannes, Schoeman, Andre
• Application Number:
  US10/508,354
• Publication Number:
  US 20050246277A1
• 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 20/32 using wireless devices
• CPC Class Codes: G06Q 20/3223 Realising banking transactions through M-devices

Abstract

This invention provides a transaction processing system (10) which includes a first network interface (12) connectable to a mobile communications network (20). The interface (12) is configured to receive a data message request originating from a telecommunications data message sent by a requester from a mobile telephone (28). The data message request contains transaction information uniquely identifying the requester. The system (10) also includes a host database (14) containing confidential information of requesters. The confidential information of each requester is indexed with at least some of the information contained in a data message request. The system further includes a processor (18) operable to receive the data message request via the interface (12); to retrieve confidential information of the requester by use of the uniquely identifiable requester information: to obtain verification that a monetary transfer between the requester and a recipient of the monetary transfer will he or has been carried out in relation to the transaction: and to transmit a confirmation of transaction message via the interface (12).

Claims

1-25. -25. (canceled)

26. A method of processing a transaction which method includes the following steps:

receiving a data message request which originates from a telecommunications data message sent by a requester requesting a monetary transfer to a recipient, wherein the telecommunications data message is sent from a telecommunications device of the requester via a telecommunications network without being relayed through the recipient, in which said data message request contains transaction information capable of uniquely identifying, on at least one host database, the requester;

accessing electronically the at least one host data base to which confidential information of a plurality of requesters have been entrusted;

obtaining verification that a monetary transfer between the requester and the recipient of the monetary transfer will be or has been carried out in relation to the transaction; and

transmitting an electronic transaction verification message confirming that a monetary transfer between the requester and the recipient will be or has been carried out.

27. A method as claimed in claim 26, wherein the telecommunications network includes a non-mobile telephone network.

28. A method as claimed in claim 26, wherein the telecommunications network includes a mobile telephone network.

29. A method as claimed in claim 26, wherein the telecommunications network includes an e-mail network.

30. A method as claimed in claim 26, wherein the transaction information capable of uniquely identifying the requester is added to the telecommunications data message by the telecommunications network.

31. A method as claimed in claim 30, wherein the transaction information capable of uniquely identifying the requester includes a telephone number associated with a cellular telephone.

32. A method as claimed in claim 30, wherein the transaction information capable of uniquely identifying the requester includes an e-mail address of the requester.

33. A method as claimed in claim 26, which includes, prior to the step of obtaining verification, the step of matching the requester and the recipient from the data message request.

34. A method as claimed in claim 26, wherein the step of receiving a data message request includes receiving a compound data message which contains multiple mobile originating data messages manipulated by a gateway into a format enabling the host database to identify the requester in each of the mobile originating data messages.

35. A method as claimed in claim 26, wherein the telecommunications data message contains information uniquely identifying the requester which is matched to information on the at least one host database thereby to retrieve the confidential information of a requester.

36. A method as claimed in claim 26, wherein the telecommunications data message contains information uniquely identifying the recipient which is matched to information on the at least one host database thereby to retrieve the banking information of a recipient.

37. A method as claimed in claim 26, which also includes, prior to the step of receiving a data message request, the step of designating, on the at least one host database, a particular recipient for each transaction related to a particular data message request such that the telecommunications data message does not require any information specifically identifying the recipient as the recipient can be obtained from the host database.

38. A method as claimed in claim 26, wherein the telecommunications data message contains transaction information regarding the amount of the monetary transfer of the transaction.

39. A method as claimed in claim 26, wherein the telecommunications data message contains transaction information regarding a specific account of the requester from which the money is to be obtained.

40. A method as claimed in claim 26, wherein the telecommunications data message contains transaction information regarding a specific account of the recipient to which the money is to be transferred.

41. A method as claimed in claim 26, wherein the telecommunications data message contains transaction information uniquely identifying details of goods or services.

42. A method as claimed in claim 26, which also includes, prior to the step of receiving a data message request, the step of receiving money from the requester for subsequent payment to a recipient.

43. A method as claimed in claim 26, wherein the verification message includes a unique code that the requester may present to the recipient confirming verification of the monetary transfer.

44. A transaction processing system which includes

a first network interface connectable to a telecommunication network, the first network interface being configured to receive a data message request originating from a telecommunications data message sent by a requester requesting a monetary transfer to a recipient, wherein the telecommunications data message is sent from a telecommunication device of the requester via the telecommunications network without being relayed through the recipient, wherein the data message request contains transaction information uniquely identifying the requester, and the first network interface is configured to transmit a data message;

a host database containing confidential information of requesters wherein the confidential information of each requester is indexed with at least some of the information contained in a data message request; and

a processor operable to receive the data message request via the first network interface;

to retrieve confidential information of the requester by use of the uniquely identifiable requester information;

to obtain verification that a monetary transfer between the requester and the recipient of the monetary transfer will be or has been carried out in relation to the transaction; and

to transmit a confirmation of transaction message via the first network interface.

45. A system as claimed in claim 44, which includes a second network interface connectable to a secure data network, the second network interface being configured to transmit monetary transfer requests and to receive monetary transfer verifications;

and

wherein the processor is operable to transmit a monetary transfer request containing confidential information of the requester and banking information of the recipient, via the second network interface;

to initiate a transfer of monetary value from the requester to the recipient; and

, in response to the monetary transfer request, to receive a monetary transfer confirmation via the second network interface.