TRANSACTION SYSTEM WITH ENHANCED INSTRUCTION RECOGNITION

• US 20100145851A1
• Filed: 12/08/2007
• Published: 06/10/2010
• Est. Priority Date: 12/18/2006
• Status: Abandoned Application

• Current Assignee: VISA Cape Town Limited (Visa, Inc.)
• Original Assignee: Fundamo (Pty) Ltd. (Visa, Inc.)
• Inventors: Badenhorst, Cornilius Johannes, Van Rensburg, Johannes Janse
• Application Number:
  US12/448,453
• Publication Number:
  US 20100145851A1
• Time in Patent Office: Days
• US Class Current: 705/42
• CPC Class Codes: G06Q 20/108 Remote banking, e.g. home banking
• 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 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes

Abstract

A transaction system is provided in which a plurality of participating system members each has access to a communications device so as to operatively communicate via an associated network with a computerized server in order to instruct the initiation or conduct of a transaction, typically a financial transaction, by operation of the computerized server consequent on data inputted by a particular system member. The system includes at least one data base in which there is retained data relating to at least some possible or previous transactions or both that may be conducted by the particular system member. Selection means are provided for selecting one of said possible or previous transactions that best represents data inputted in respect of any particular target transaction on the basis of artificial intelligence such that data inputted in different ways or with different degrees of accuracy can result in the same target transaction being selected by the selection means. The selected transaction is communicated to the particular system member whose confirmation is required of the correctness or otherwise of the selected target transaction.

Claims

1. A transaction system of the type in which a plurality of participating system members each has access to a communications device so as to operatively communicate via an associated network with a computerized server in order to instruct the initiation or conduct of a transaction by operation of the computerized server consequent on data inputted by a particular system member,

wherein the system includes at least one data base in which there is retained data relating to at least some possible or previous transactions or both that may be conducted by the particular system member,

wherein selection means are provided for selecting one of said possible or previous transactions that best represents data inputted in respect of any particular target transaction on the basis of artificial intelligence such that data inputted in different ways or with different degrees of accuracy can result in the same target transaction being selected by the selection means;

and

wherein means are provided for communicating the selection to the particular system member; and

confirmation means are provided for activation by the particular system member in the event of the correct target transaction having been selected.

2. A transaction system as claimed in claim 1 in which the possible transactions include historic transactions of the participating system member or a group of participating system members.

3. A transaction system as claimed in claim 1 in which the possible transactions include a set of transactions provided by or on behalf of a participating system member and inputted into the data base using any suitable or appropriate vehicle.

4. A transaction system as claimed in claim 1 in which the transactions include financial transactions.

5. A transaction system as claimed in claim 1 in which the communications device is a mobile telephone.

6. A transaction system as claimed claim 1 in which the transaction system is a banking type of system.

7. A transaction system as claimed in claim 1 in which the data base is retained on the communications device.

8. A transaction system as claim 1 in which instant messaging is utilized as the communications medium.

9. A transaction system as claimed in claim 1 in which the computerized server may, according to the particular details of any particular transaction, selectively omit the requirement of a PIN being inputted.

10. A method of selecting a target transaction to be conducted in a transaction system as claimed in any one of the preceding claims wherein incomplete, inaccurate or informal data is inputted into a communications device that is in communication with a data base containing data relating to at least some possible or previous transactions or both that may be conducted by a particular system member, the method being characterized in that it includes the steps of comparing the incomplete, inaccurate or informal data with data retained in the data base;

selecting one of said possible or previous transactions that best represents data inputted in respect of the particular target transaction on the basis of artificial intelligence; and

communicating the selection to the communications device or operator thereof for confirmation, amendment, or rejection, as the case may be, by the operator of the communications device.

11. A transaction system as claimed in claim 1 in which the data base is retained as a separate personal data base record on a general data base associated with the computerized server.