METHOD FOR A PAYMENT TRANSACTION ASSOCIATED WITH TWO CORRESPONDING DECLARATIONS OF INTENT

• US 20120047067A1
• Filed: 10/31/2011
• Published: 02/23/2012
• Est. Priority Date: 03/11/2003
• Status: Active Grant

• Current Assignee: Christian Hogl
• Original Assignee: Christian Hogl
• Inventors: Hogl, Christian
• Granted Patent: US 8,566,238 B2
• Time in Patent Office: Days
• US Class Current: 705/40
• CPC Class Codes: G06Q 20/02 involving a neutral party, e.g. certification authority, notary or trusted third party [TTP]
• CPC Class Codes: G06Q 20/04 Payment circuits
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/102 Bill distribution or payments
• CPC Class Codes: G06Q 20/105 involving programming of a portable memory device, e.g. IC cards, "electronic purses"
• CPC Class Codes: G06Q 20/1085 involving automatic teller machines [ATMs]
• CPC Class Codes: G06Q 20/223 based on the use of peer-to-peer networks
• CPC Class Codes: G06Q 20/3223 Realising banking transactions through M-devices
• CPC Class Codes: G06Q 20/3227 using secure elements embedded in M-devices
• CPC Class Codes: G06Q 20/3229 Use of the SIM of a M-device as secure element
• CPC Class Codes: G06Q 20/367 involving electronic purses or money safes
• CPC Class Codes: G06Q 20/3674 involving authentication
• CPC Class Codes: G06Q 20/383 Anonymous user system
• CPC Class Codes: G06Q 20/385 using an alias or single-use codes
• 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 20/405 Establishing or using transaction specific rules
• CPC Class Codes: G06Q 30/0213 Consumer transaction fees
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 50/265 Personal security, identity or safety

Abstract

The present invention relates to a method and a system for initiating and/or conducting a transaction that is associated with at least two corresponding declarations of intent, in particular a payment transaction, between at least two transaction parties via a processing unit (3), in which payment transaction at least one of the transaction parties uses a land line telephone or mobile telephone (1, 2) or a mobile communications device for transmitting data. The method is characterized by the transmission of data to the processing unit by at least two transaction parties within a limited time frame, and by the fact that the initiation of the data transmission of these transaction parties is effected actively by the transaction parties and not by the processing unit (3), while the data transmitted during initiation contain features that enable correlating the declarations of intent with one another.

Claims

1. Method for a payment transaction between a payer and a payee using (1) two communication devices respectively associated with data transmissions by the payer and the payee and (2) a processing unit, wherein the payment transaction is associated with two corresponding declarations of intent between the payer and the payee, the method comprising:

providing correlation data to the payee prior to conducting the payment transaction, said correlation data including a correlation reference code, wherein the correlation reference code is insufficient to enable unique identification of the payer when the payment transaction is conducted,

the payer'"'"'s communication device transmitting one data set to the processing unit that includes data sufficient to enable a unique identification of the payer that is transmitting the respective data set to the processing unit,

using the processing unit to put the data set transmitted by the payer into a transaction pool,

using a verification unit, connected to the transaction pool, with which the data stored in the transaction pool can be analyzed in such a way that at least an identifier of the payer can be extracted, and with which it can be examined whether or not correlating payer and payee is possible and whether or not the respective declarations of intent correspond,

wherein for each data set in the transaction pool the period of time between the transmission of the payer'"'"'s data set and said examination by the verification unit is within a time frame of a predefined length, and

using the processing unit to effectively delete data sets from the transaction pool where no correlatable data is found within the time frame of the predefined length,

using the processing unit to determine whether there exists exactly one data set, and not more, where the identifier of the payer corresponds to the correlation reference code provided to the payee, thereby indicative of corresponding declarations of intent,

using the processing unit to select the data set having the corresponding identifier, and

conducting the payment transaction according to said selected data set.

2. Method according to claim 1, wherein the processing unit comprises a transaction unit or is connected to this transaction unit, which conducts the transaction correlated with the data after positive verification by the verification unit.

3. Method according to claim 1, wherein the processing unit comprises a signaling unit or is connected to a signaling unit, which triggers signals and/or transmits data to the payer and/or payee or to other recipients.

4. Method according to claim 3, wherein the transaction is additionally signaled by sending a Short Message System (SMS) message as confirmation following a successful transaction.

5. Method according to claim 1, wherein the correlation reference code is a subset of the identifier of the payer.