METHOD AND SYSTEM FOR A PAYMENT TRANSACTION ASSOCIATED WITH A DECLARATION OF INTENT

• US 20130304650A1
• Filed: 07/15/2013
• Published: 11/14/2013
• Est. Priority Date: 03/11/2003
• Status: Active Grant

• Current Assignee: Christian Hogl
• Original Assignee: Christian Hogl
• Inventors: Hogl, Christian
• Granted Patent: US 8,831,990 B2
• Time in Patent Office: Days
• US Class Current: 705/44
• 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 a spatial proximity exists between payer and payee, and location information of the payer is transmitted and evaluated, the method comprising:

the payer'"'"'s communication device transmits data to the processing unit that contain a reference to a declaration of intent that is at least directed to conducting a payment transaction associated with money or value units;

the processing unit is used to derive a transaction data set and an identifier of the payer from the data transmitted by the payer, and to put, using the information on the location of the payer as an additional criterion, the transaction data set into a transaction pool;

the processing unit is used to determine whether uniquely correlating the transaction parties on the basis of a criterion using the identifier of the payer, and using the information on the location of the payer as an additional criterion, is possible because exactly one data set, and not more, with corresponding criteria is present in the transaction pool; and

if it is determined that there exists exactly one transaction data set, and not more, with corresponding criteria, said transaction data set is selected and the payment transaction is conducted according to said selected transaction data set.

2. 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 a spatial proximity exists between payer and payee, and location information of the payer is transmitted and evaluated, the method comprising:

the payer'"'"'s communication device transmits data to the processing unit that contain a reference to a declaration of intent that is at least directed to conducting a payment transaction associated with money or value units;

the processing unit is used to derive a transaction data set and an identifier of the payer from the data transmitted by the payer, and to put, using the information on the location of the payer as an additional criterion, the transaction data set into a transaction pool;

the processing unit is used to determine whether uniquely correlating the transaction parties on the basis of a criterion using the identifier of the payer, and using the information on the location of the payer as an additional criterion, is not possible because several data sets with corresponding criteria are present in the transaction pool; and

if it is determined that there exists exactly one transaction data set, and not more, with corresponding criteria, said transaction data set is selected and the payment transaction is conducted according to said selected transaction data set.

3. A system for a payment transaction between a payer and a payee, wherein a spatial proximity exists between payer and payee, and location information of the payer is transmitted and evaluated, the system comprising:

two communication devices respectively associated with data transmissions by the payer and the payee; and

a processing unit for receiving data transmitted by the payer'"'"'s communication device that contains a reference to a declaration of intent that is at least directed to conducting a payment transaction associated with money or value units, said processing unit being adapted to derive a transaction data set and an identifier of the payer from the data transmitted by the payer, and to put, using the information on the location of the payer as an additional criterion, the transaction data set into a transaction pool,

wherein the processing unit is used to determine whether uniquely correlating the transaction parties on the basis of a criterion using the identifier of the payer, and using the information on the location of the payer as an additional criterion, is possible because exactly one data set, and not more, with corresponding criteria is present in the transaction pool, and

if it is determined that there exists exactly one transaction data set, and not more, with corresponding criteria, said processing unit is used to select said transaction data set and the payment transaction is conducted according to said selected transaction data set.

4. A computer-executable program code tangibly embodied in a computer-readable storage medium, comprising instructions for causing a processing unit to:

receive data from a payer'"'"'s communication device that contains a reference to a declaration of intent that is at least directed to conducting a payment transaction with a payee, said declaration of intent associated with money or value units;

receive location information from the payer'"'"'s communication device;

derive a transaction data set and an identifier of the payer from the data transmitted by the payer, and put, using the information on the location of the payer as an additional criterion, the transaction data set into a transaction pool;

enable determining whether uniquely correlating the transaction parties on the basis of a criterion using the identifier of the payer, and using the information on the location of the payer as an additional criterion, is possible because exactly one data set, and not more, with corresponding criteria is present in the transaction pool; and

if it is determined that there exists exactly one transaction data set, and not more, with corresponding criteria, enable selecting said transaction data set and conducting the payment transaction according to said selected transaction data set.