METHOD AND MEANS FOR CONTROLLING PAYMENT SETUP
First Claim
1. A payment card, arranged to clear transactions with at least two accounts, characterised in that, data stored into the memory of the payment card, payment card reader, and/or a network server is arranged to be used in determining an order of preference for the said accounts.
0 Assignments
0 Petitions
Accused Products
Abstract
An electronic system with which consumers and businesses can automatically and electronically facilitate competition for financial transaction services that they purchase, and/or participate in bigger markets more transparently than they can currently. The system features a payment card, which is arranged to clear transactions with at least two accounts, which at least two accounts are arranged to be hosted by different financial service providers. The system also features a payment card reader, which is arranged to clear transactions with at least two accounts, which at least two accounts are arranged to be hosted by different financial service providers. The transaction computer server of the system is arranged to capture a competitive record of available bids that could have been accepted to complete the transaction from at least one the electronic market.
70 Citations
33 Claims
- 1. A payment card, arranged to clear transactions with at least two accounts, characterised in that, data stored into the memory of the payment card, payment card reader, and/or a network server is arranged to be used in determining an order of preference for the said accounts.
- 2. A payment card reader, arranged to clear transactions with at least two accounts, characterised in that, data stored into the memory of the payment card, payment card reader and/or a network server is arranged to be used in determining an order of preference for the said accounts.
-
7. A transaction computer server arrangement, comprises at least one memory storing at least one customer account and at least one communication connection with which at least one customer can access at least one customer account, and at least one communication connection to at least one electronic market where trading is arranged to take place, characterised in that,
at least one user is arranged to accept a fair market price and/or exchange rate, the transaction server is arranged to conduct and/or start the transaction, the transaction server is arranged to capture a competitive record of at least one available bid other than the transaction that could have been accepted to complete the said transaction from at least one said electronic market, said competitive record together with the conducted transaction is arranged to verify the transactional cost of executing the transaction.
-
15. A payment card comprising memory, characterised in that,
the payment card is arranged to receive a data update from a network server, the payment card is arranged to store said data into memory, the said data update is arranged to be used in controlling financial transaction setup between the user of the card and merchants accepting the card.
-
16. A payment card reader comprising memory, characterised in that,
the payment card reader is arranged to receive a data update from a network server, the payment card reader is arranged to store said data into memory, the said data update is arranged to be used in controlling financial transaction setup between a user of a payment card and the merchant accepting the card.
-
17. A payment card, comprising a memory chip 110, characterised in that, the memory chip 110 is arranged to be inserted into a card reader in a mobile phone.
-
18. A payment card, arranged to clear transactions with at least one account, the said payment card comprising data for accessing at least two electronic deal clearing service providers, characterised in that,
transactions from at least two deal clearing service providers are arranged to be consolidated into one account, and/or the said payment card is arranged to comprise data indicating the order of preference of the said at least two deal clearing service providers.
-
19. A payment card reader, arranged to clear transactions with at least one account, the said payment card reader comprising data for accessing at least two deal clearing service providers, characterised in that,
transactions from at least two deal clearing service providers are arranged to be consolidated into one account, and/or the payment card reader is arranged to store the order of preference of said at least two deal clearing service providers and is arranged to clear a transaction via the most preferred available deal clearing service provider.
-
20. A method for payment set-up in a electronic payment system comprising a plurality of payment cards (100), at least one payment service provider means, at least one transaction server for storing service information received from at least one payment service provider means, and a electronic communication network via which payments are established in the system, characterised in that,
at least one transaction server is in connection with at least one payment service provider means and stores the service information received via the connection, all or part of the service information stored in the transaction server is transmitted to a control means (110) in the payment card (100), and the control means (110) in the payment card (100) stores the service information received from the transaction server, and the service information stored in the control means (110) is used in controlling payment set-up from the payment card (100).
-
21. A method for payment set-up in a electronic payment system comprising a plurality of payment card readers (200), at least one payment service provider means, at least one transaction server for storing service information received from at least one payment service provider means, and a electronic communication network via which payments are established in the system, characterised in that,
the transaction server is in connection with the payment service provider means and stores the service information received via the connection, all or part of the service information stored in the transaction server is transmitted to the payment card reader (200), and the payment card reader (200) stores the service information received from the transaction server, and the service information stored in the card reader (200) is used in controlling payment set-up from the payment card reader (200).
-
22. A electronic payment system comprising a plurality of payment cards (100), at least one payment service provider means, at least one transaction server, and a electronic payment network via which payments are arranged to be established in the system, characterised in that, the electronic payment system comprises at least one transaction server, the transaction server being arranged to be in connection with at least one payment service provider means, a control means (110) in the payment card is (100) arranged to be in connection with the transaction server for the transmission of service information, the control means (110) being arranged to control the payment set-up of the payment card (100) on the basis of the service information.
-
23. A electronic payment system comprising a plurality of payment card readers (200), at least one payment service provider means, at least one transaction server, and a electronic payment network via which payments are arranged to be established in the system, characterised in that, the electronic payment system comprises at least one transaction server, the transaction server being arranged to be in connection with at least one payment service provider means, at least one payment card reader (200) is arranged to be in connection with the transaction server for the transmission of service information, the payment card reader (200) being arranged to control the payment set-up of the payment card reader (200) on the basis of the service information.
-
24. An electronic payment method, used in a system comprising at least one memory storing at least one customer account and at least one communication connection with which at least one user can access at least one said customer account, and at least one communication connection from said memory to at least one electronic market where trading is arranged to take place, characterised in that,
the transaction is conducted and/or started, a competitive record of at least one available bid other than the transaction that could have been accepted to complete the said transaction from at least one said electronic market is captured and stored, said competitive record together with the conducted transaction verifies the cost of executing the transaction.
Specification