METHOD OF CASH-LESS, CARDLESS PURCHASE TRANSACTION USING MOBILE PHONES

• US 20090177581A1
• Filed: 02/11/2008
• Published: 07/09/2009
• Est. Priority Date: 08/22/2005
• Status: Abandoned Application

• Current Assignee: G-Xchange, Inc. (Asiacom Philippines, Inc.), Utiba Pte Limited
• Original Assignee: G-Xchange, Inc. (Asiacom Philippines, Inc.), Utiba Pte Limited
• Inventors: Reyes, Jessica A., Ho, Justin, Barnham, Andrew, Dimaano, Jewel, Matotek, Richard, Mendoza, Glenn, Buizon-Tiambeng, Shydee, Teodoro, Fernando P., Quito, Melenita, Avendano, Joanne, Macatangay, Raul, Domingo, Louie, Jimenez, Sheila, Reyes, Kaytee, Pongol, Marlowe, Quinton, Verna, Reyes, Grace, Bustamante, Alain, Cayetano, Mickey, Villanueva, Jenny, Camacho, Justine, Garcia, Rodell
• Application Number:
  US12/069,509
• Publication Number:
  US 20090177581A1
• Time in Patent Office: Days
• US Class Current: 705/44
• CPC Class Codes: G06Q 20/16 Payments settled via telecommunication systems
• CPC Class Codes: G06Q 20/322 Aspects of commerce using mobile devices [M-devices]
• CPC Class Codes: G06Q 20/3255 using mobile network messaging services for payment, e.g. SMS
• CPC Class Codes: G06Q 20/326 Payment applications installed on the mobile devices
• CPC Class Codes: G06Q 20/386 using messaging services or messaging apps using mobile network messaging services for payment, e.g. SMS G06Q20/3255
• 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

The method of cash-less purchase transaction using mobile phone comprising steps of: —customer requesting for purchase at outlet; —merchants verifying if customer is registered with telco'"'"'s cash product service; —merchant informing the customer of the purchase price to e paid; —merchant sending in a SELL command on his device to a telco containing merchant'"'"'s PIN, amount of the purchase, and customer'"'"'s mobile phone number; —customer receiving SMS confirmation query of the amount to be paid from telco; —customer'"'"'s mobile phone number; —customer replying to the SMS of his confirmation with his PIN; —merchant receiving confirmation from telco of the deduction from customer'"'"'s mobile phone cash account; —merchant releasing product to the customer; —customer receiving confirmation of the deduction via SMSD sent to his mobile phone; —alternatively, merchant using mobile phone device informing customer of the merchant'"'"'s mobile number which the customer can send his virtual cash to; —customer sending the amount via SMS to 2882+the 10 digit mobile number of the merchant; —the subscriber and the merchant then getting simultaneous SMS acknowledgment of the transfer with confirmation number

Claims

1. The method of cash-less purchase transaction using mobile phone comprising the steps of:

customer requesting for purchase at outlet;

merchant verifying if customer is registered with teleco cash product service;

merchant informing the customer of the purchase price to be paid;

merchant sending in a SELL command on his device to a telco containing merchant'"'"'s PIN, amount of the purchase, and customer'"'"'s mobile phone number;

customer receiving SMS confirmation query of the amount to be paid from telco;

customer replying to the SMS of his confirmation with his PIN;

merchant receiving confirmation from telco of the deduction from customer'"'"'s mobile phone cash account;

merchant releasing product to the customer;

customer receiving confirmation of the deduction via SMS sent to his mobile phone;

alternatively, merchant using mobile phone device informing customer of the merchant'"'"'s mobile number which the customer can send his virtual cash to;

customer sending the amount via SMs to 2882+the 10-digit mobile number of the merchant;

the subscriber and the merchant then getting simultaneous SMS acknowledgment of the transfer with confirmation number.