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

• US 20140372292A1
• Filed: 09/04/2014
• Published: 12/18/2014
• Est. Priority Date: 03/11/2003
• Status: Abandoned Application

• Current Assignee: Christian Hogl
• Original Assignee: Christian Hogl
• Inventors: Hogl, Christian
• Application Number:
  US14/476,780
• Publication Number:
  US 20140372292A1
• Time in Patent Office: Days
• US Class Current: 705/39
• 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 initiating and/or conducting a transaction between at least two transaction parties using (1) at least two mobile communication devices respectively associated with data transmissions by the at least two transaction parties and (2) a processing unit, wherein the transaction is associated with establishing a connection between the at least two mobile communication devices and a spatial proximity exists between the at least two transaction parties, the method comprising:

a) providing correlation data to the at least two mobile communication devices prior to conducting the transaction, said correlation data including a first correlation reference code and a second correlation reference code, wherein each correlation reference code is insufficient to enable unique identification of any of the at least two transaction parties when the transaction is conducted,

b) prior to transmitting any data relevant to the transaction from the processing unit to any of the at least two mobile communication devices, transmitting all data relevant to the transaction from the at least two mobile communication devices to the processing unit, wherein each of the at least two mobile communication devices respectively transmits one data set to the processing unit that includes;

i. information on the location of the respective mobile communication device, and

ii. data sufficient to enable a unique identification of which of the at least two transaction parties is transmitting the respective data set to the processing unit,

c) using the processing unit to put the data sets respectively transmitted by the at least two transaction parties into a transaction pool, wherein for each pair of correlatable data sets the period of time between the transmission of the first data set and the transmission of the second data set is within a time frame of a predefined length, and

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

e) using the processing unit to compare all data sets in said transaction pool to determine whether there exists exactly two data sets, and not more, with corresponding locations and corresponding correlation reference codes thereby indicative of corresponding declarations of intent,

f) using the processing unit to select said two data sets having the corresponding locations and corresponding correlation reference codes, and

g) conducting the transaction according to said two selected data sets.

2. Method according to claim 1, wherein the transmission of data and/or signals is entirely or partially effected by speech.

3. Method according to claim 1, wherein the transmission of data and/or signals is entirely or partially effected using a Bluetooth interface.

4. Method according to claim 1, wherein the transmission of data and/or signals is entirely or partially effected via a protocol of a mobile wireless standard.

5. Method according to claim 1, wherein the transmission of data and/or signals is entirely or partially effected via a wireless LAN.