System and method for securely making payments and deposits

• US 20070063017A1
• Filed: 09/21/2005
• Published: 03/22/2007
• Est. Priority Date: 09/21/2005
• Status: Abandoned Application

• Current Assignee: Chunqi Han, Yaofei Chen
• Original Assignee: Chunqi Han, Yaofei Chen
• Inventors: Han, Chunqi, Chen, Yaofei
• Application Number:
  US11/232,487
• Publication Number:
  US 20070063017A1
• Time in Patent Office: Days
• US Class Current: 235/379
• CPC Class Codes: G06Q 20/02 involving a neutral party, e.g. certification authority, notary or trusted third party [TTP]
• CPC Class Codes: G06Q 20/40 Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions

Abstract

A system and method for securely making payments and deposits is disclosed. A method for securely and synchronously making a payment includes the steps of submitting a transaction request to a transaction center, the transaction request including details of a transaction between a customer and a third party, confirming the transaction request with the customer by communicating with a customer securely identifiable device, submitting the transaction request for approval, and paying the third party. A method of securely and synchronously making a deposit includes the steps of submitting a deposit request from a depositor to a transaction center, confirming an authorization request with the depositor by communicating with a customer securely identifiable device, receiving an authorization from the depositor, and depositing a deposit amount in a third party receiver account. Secure and asynchronous systems and methods are also disclosed.

Claims

1. A method for securely and synchronously making a payment comprising the steps of:

submitting a transaction request to a transaction center, the transaction request including details of a transaction between a customer and a third party;

confirming the transaction request with the customer by communicating with the customer on a customer securely identifiable device;

submitting the transaction request for approval; and

paying the third party.

2. The method of claim 1, wherein the customer and the third party each have an agreement with the transaction center, the customer agreement associating a customer securely identifiable device identification number with a customer payment card.

3. The method of claim 2, wherein the customer securely identifiable device comprises a wireless telephone and the customer securely identifiable device identification number comprises a phone number associated with the wireless telephone.

4. The method of claim 2, wherein the customer securely identifiable device comprises a desktop computer and a wired telephone and the customer securely identifiable device identification number comprises a phone number associated with the wired telephone.

5. The method of claim 1, wherein the securely identifiable device comprises a device having a device identification that is hardware based, that cannot be fraudulently acquired and is controlled by an authority.

6. A method of securely and synchronously making a deposit comprising the steps of:

submitting a deposit request from a depositor to a transaction center;

confirming an deposit request with the depositor by communicating with the depositor on a depositor securely identifiable device;

receiving an authorization from the depositor; and

depositing a deposit amount in a third party receiver account.

7. The method of claim 6, wherein the depositor has an agreement with the transaction center, the depositor agreement associating a depositor securely identifiable device identification number with a depositor account.

8. The method of claim 7, wherein the depositor securely identifiable device comprises a wireless telephone and the depositor securely identifiable device identification number comprises a phone number associated with the wireless telephone.

9. The method of claim 7, wherein the depositor securely identifiable device comprises a desktop computer and a wired telephone and the depositor securely identifiable device identification number comprises a phone number associated with the wired telephone.

10. The method of claim 6, wherein the securely identifiable device comprises a device having a device identification that is hardware based, that cannot be fraudulently acquired and is controlled by an authority.

11. A method of securely and asynchronously making a payment comprising the steps of:

submitting a pre authorization request to a transaction center, the pre authorization request including details of a transaction between a customer and a third party;

confirming the pre authorization request with the customer by communicating with the customer on a customer securely identifiable device;

notifying the third party of the confirmation;

receiving a request from the third party;

approving the request;

submitting the approved request to a financial network for approval; and

making payment to the third party.

12. The method of claim 11, wherein the customer and the third party each have an agreement with the transaction center, the customer agreement associating a customer securely identifiable device identification number with a customer payment card.

13. The method of claim 12, wherein the customer securely identifiable device comprises a wireless telephone and the customer securely identifiable device identification number comprises a phone number associated with the wireless telephone.

14. The method of claim 12, wherein the customer securely identifiable device comprises a desktop computer and a wired telephone and the customer securely identifiable device identification number comprises a phone number associated with the wired telephone.

15. The method of claim 11, wherein the securely identifiable device comprises a device having a device identification that is hardware based, that cannot be fraudulently acquired and is controlled by an authority.

16. A method of securely and asynchronously making a deposit comprising the steps of:

submitting a deposit pre authorization request from a depositor to a transaction center;

confirming the deposit pre authorization request with the depositor;

receiving a pre authorization from the depositor;

notifying a third party receiver of the deposit of the pre authorization;

receiving a request for a deposit amount from the third party receiver;

verifying the request for the deposit;

requesting a funds transfer; and

depositing the deposit amount in a third party receiver account.

17. The method of claim 16, wherein the depositor has an agreement with the transaction center, the depositor agreement associating a depositor securely identifiable device identification number with a depositor account.

18. The method of claim 17, wherein the depositor securely identifiable device comprises a wireless telephone and the depositor securely identifiable device identification number comprises a phone number associated with the wireless telephone.

19. The method of claim 17, wherein the depositor securely identifiable device comprises a desktop computer and a wired telephone and the customer securely identifiable device identification number comprises a phone number associated with the wired telephone.

20. The method of claim 16, wherein the securely identifiable device comprises a device having a device identification that is hardware based, that cannot be fraudulently acquired and is controlled by an authority.