System and Method for Facilitating Electronic Financial Transactions Using a Mobile Telecommunication Device

• US 20080288351A1
• Filed: 05/21/2008
• Published: 11/20/2008
• Est. Priority Date: 12/04/2001
• Status: Abandoned Application

• Current Assignee: Conceptm Company Limited
• Original Assignee: Conceptm Company Limited
• Inventors: Cheng, Kevin, Mitchell, Andrew, Mekertichian, Shahen, Chan, Joseph, Leung, Gary, Chui, Peter, Lee, Rudolph, Fung, Raymond
• Application Number:
  US12/124,658
• Publication Number:
  US 20080288351A1
• Time in Patent Office: Days
• US Class Current: 705/14
• CPC Class Codes: G06Q 20/20 Point-of-sale [POS] network systems
• CPC Class Codes: G06Q 20/3223 Realising banking transactions through M-devices
• CPC Class Codes: G06Q 20/3229 Use of the SIM of a M-device as secure element
• CPC Class Codes: G06Q 20/3255 using mobile network messaging services for payment, e.g. SMS
• CPC Class Codes: G06Q 20/3674 involving authentication
• CPC Class Codes: G06Q 20/382 insuring higher security of transaction
• 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 20/42 Confirmation, e.g. check or permission by the legal debtor of payment
• CPC Class Codes: G06Q 30/0225 Avoiding frauds
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions
• CPC Class Codes: G06Q 30/0603 Catalogue ordering
• CPC Class Codes: H04L 63/10 for controlling access to devices or network resources
• CPC Class Codes: H04L 63/12 Applying verification of the received information cryptographic mechanisms or cryptographic arrangements for data integrity or data verification H04L9/32
• CPC Class Codes: H04M 15/68 Payment of value-added services
• 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: H04W 12/082 using revocation of authorisation
• CPC Class Codes: H04W 4/00 Services specially adapted for wireless communication networks; Facilities therefor
• CPC Class Codes: H04W 4/24 Accounting or billing
• CPC Class Codes: H04W 8/26 Network addressing or numbering for mobility support

Abstract

A transaction processing system for processing a transaction between a supplier and a customer, said system comprising a supplier device for initiating the transaction, a system server and a mobile communication device, said device containing a message processing program module for enabling local verification of the transaction within the mobile device, wherein a transaction message is sent from the supplier device to the system server, a message requesting payment for the transaction is sent from the system server to the mobile communication device, the transaction is authorised and verified at the mobile telecommunications device from which a verification message is sent back to the system server, and the transaction is then processed.

Claims

1-54. -54. (canceled)

55. A message processing program module, for use in a mobile communication device, which device forms part of a transaction processing system, said program module comprising:

(a) mobile device data storage means containing a customer security criterion;

(b) message receiving means for receiving the a transaction request message from system server;

(c) transaction authorisation means adapted to;

(i) extract transaction data and supplier identifying indicia contained in the transaction request message;

(ii) generate and display, on a visual display screen of the mobile communication device, a text message containing transaction data, the supplier identifying indicia and a request for a customer either to;

authorise the transaction, by making a first pre-determined entry in a keypad of the mobile device, said predetermined entry including a secret identification parameter of the customer, or decline the transaction, by making a second pre-determined entry in the keypad;

(d) verification message generation means adapted to;

(i) receive an authorisation order generated by the first pre-determined entry into the keypad;

(ii) following receipt of said authorisation order, verify that an identification parameter matches the customer security criterion in the mobile device data storage means and, if they do match, generate a verification message, said verification message containing contents of the transaction request message; and

(iii) encrypt the verification message to generate a secure verification message.

(e) decline message generation means adapted to;

(i) receive a decline order generated by the second pre-determined entry into the keypad; and

(ii) generate and send a decline transaction message, following receipt of said decline order; and

(f) message transfer means for transferring the secure verification message or the decline message to the mobile communication device for sending to the system server.

56. A message processing program module according to claim 55, wherein the customer security criterion is a personal identification number (PIN) of the customer.

57. A message processing program module according to claim 55, wherein the secure verification message, sent from the mobile communication device to the system server, comprises a binary data stream.

58. A transaction processing system, comprising:

(a) a supplier device for initiating a transaction between a customer and a supplier;

(b) a transaction processing server adapted to process said transaction; and

(c) a system server adapted to receive messages from, and forward messages to, the supplier device, the transaction processing server and a mobile communication device;

wherein;

(i) the supplier device is adapted so that, when initiating a transaction, the supplier device forwards a transaction initiation message to the system server; and

(ii) the system server is adapted so that;

after receiving said transaction initiation message, the system server sends a first transaction authorisation request to the mobile communication device;

the system server receives a secured first transaction verification message from the mobile communication device in response to said authorisation request;

upon receipt of said secured first transaction verification message, the system server sends a second transaction authorisation request to the transaction processing server;

the system server receives a second transaction verification message from the transaction processing server; and

provided the second transaction verification message satisfies predetermined criteria, the system server sends a first transaction approval message to said supplier device.

59. A transaction processing system according to claim 58, said system being further adapted to send a second transaction approval message to said mobile communication device if the second transaction verification message satisfies predetermined criteria.

60. A system server for facilitating an electronic financial transaction, said system server being adapted to communicate with a supplier device, a mobile communication device of a customer and a transaction processing server, wherein said system server is further adapted to:

(a) receive a transaction initiation message from the supplier device, said message containing certain customer identifying indicia;

(b) identify the customer by reference to customer identifying indicia;

(c) send a first transaction authorisation request to the mobile communication device of the identified customer in response to receiving the transaction initiation message;

(d) receive a secured first transaction verification message from the mobile communication device;

(e) send a second transaction authorisation request to the transaction processing server;

(f) receive a second transaction verification message from the transaction processing server; and

(g) send a first transaction approval message to said supplier device if the second transaction verification message satisfies predetermined approval criteria.

61. A system server according to claim 60, said server being further adapted to send a second transaction approval message to said mobile communication device if the second transaction verification message satisfies predetermined approval criteria.

62. A method of facilitating an electronic financial transaction between a supplier and a customer, using a system server, which is adapted to communicate with a supplier device, a mobile communication device of a customer and a transaction processing server, wherein the system server performs the steps of:

(a) receiving a transaction initiation message from the supplier device;

(b) sending a first transaction authorisation request to the mobile communication device in response to receiving the transaction initiation message;

(c) receiving a secured first transaction verification message from the mobile communication device;

(d) sending a second transaction authorisation request to the transaction processing server;

(e) receiving a second transaction verification message from the transaction processing server; and

(f) sending a first transaction approval message to said supplier device if the second transaction verification message satisfies predetermined approval criteria.

63. A method according to claim 62, further including the step of sending a second transaction approval message to said mobile communication device if the second transaction verification message satisfies predetermined criteria.

64. A method according to claim 62, wherein the supplier device has a display screen and the method includes the step of displaying the first transaction approval message on the display screen.

65. A method according to claim 64, wherein the supplier device is in communication with a printer and the step of displaying the first transaction approval message includes displaying the message by sending to the printer a print command which corresponds to the message.

66. A method according to claim 64, wherein the mobile communication device is further adapted to receive the second transaction approval message from the system server and to display said message on the display screen.

67. A method according to claim 66, wherein the mobile communication device is programmed to require entry of a customer'"'"'s personal identification details before the secured transaction verification message is sent to the system server.

68. A method according to claim 67, wherein the personal identification details are selected from a personal identification number (PIN), a password and a security key.

69. A method according to claim 62, wherein the first transaction verification message is digitally secured using customer identification data.

70. A method according to claim 69, wherein the customer identification data is selected from the group consisting of a mobile telephone number, a customer account number, a personal identification number (PIN), a password and a security key.

71. A method according to claim 62, wherein the first transaction verification message includes a customer verification that the customer authorises the transaction to proceed.

72. A method according to claim 62, wherein the transaction approval message comprises a positive indication from the transaction processing server that the transaction has been, is being, or will be processed.

73. A method according to claim 62, wherein the system server reviews a database for a coupon applicable to the transaction.

74. A method according to claim 73, wherein the system server sends a notification to the supplier device for confirmation of the coupon availability.

75. A method according to claim 62, wherein the mobile communication device is a mobile telephone or a cellular telephone.