System and method for issuing cyber payment means marked with business identification information and processing transactions with the cyber payment means on computer network

• US 7,328,187 B2
• Filed: 02/16/2001
• Issued: 02/05/2008
• Est. Priority Date: 02/16/2000
• Status: Active Grant

• Current Assignee: Star Bank Company Limited
• Original Assignee: Star Bank Company Limited
• Inventors: Suhmoon, Hoon
• Primary Examiner(s): WINTER, JOHN M
• Application Number:
  US09/783,961
• Publication Number:
  US 20010014879A1
• Time in Patent Office: 2,545 Days
• Field of Search: 705/50, 705/33, 705 35- 39, 705 64- 70, 713/159
• US Class Current: 705/39
• CPC Class Codes: G06Q 20/04 Payment circuits
• CPC Class Codes: G06Q 20/0425 the cheque being electronic only
• CPC Class Codes: G06Q 20/06 Private payment circuits, e.g. involving electronic currency used among participants of a common payment scheme
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/12 specially adapted for electronic shopping systems
• CPC Class Codes: G06Q 20/29 characterised by micropayments
• CPC Class Codes: G06Q 20/367 involving electronic purses or money safes
• CPC Class Codes: G06Q 20/3674 involving authentication
• CPC Class Codes: G06Q 20/382 insuring higher security of transaction
• CPC Class Codes: G06Q 20/3821 Electronic credentials
• CPC Class Codes: G06Q 20/3823 combining multiple encryption tools for a transaction

Abstract

A system for issuing cyber payment means (cyber notes, cyber checks, cyber payment certificates, etc.) marked with business identification information, on a computer network, and a method thereof are provided. The method has the steps of (a) a server computer on the computer network, receiving information including business identification information and the number of a current account from a user and storing the information by user in a database managed by the server computer; (b) at the request of a user accessing the server computer, issuing a cyber payment means marked with at least a unique number of the payment means, a business identifier of the corresponding user, and the amount of money, and storing the issued cyber payment means by user in the database; and (c) if a first user, who has the issued cyber payment means, performs payment for a second user, using the cyber payment means when the first user is connected to the server, the cyber payment means being moved from the first user to the second user inside of the database. According to the method and system, since transaction processing by the cyber payment means can be performed only when the server computer is connected, the security problem of existing network-type electronic money can be solved. Business identification information marked on the cyber payment means enables to obtain transparency of transactions. Also, since a cyber promissory note or a cyber check denoting a large amount of money can be divided and transferred, payment means denoting large amounts of money can be utilized as payment means for small amounts of money.

Claims

1. A system for issuing a cyber payment means for paying in cyber space marked with business identification information and processing transactions with the cyber payment means on a computer network, the system comprising:

a server computer configured to provide services to issue a cyber payment means and processing transactions with the cyber payment means on the computer network; and

a database managed by the server computer,

wherein the server computer is configured to;

receive member information including business identification information and a number of a current account from a user and stores the information by user in the database,

issue the cyber payment means at the request of a user accessing the server computer, the cyber payment means being marked with at least a unique number of the cyber payment means, a business identifier of the corresponding user, and an amount of money,

store the issued cyber payment means by user in the database; and

move the cyber payment means from a first user to a second user inside of the database when the first user, who has the issued cyber payment means, performs payment to the second user using the cyber payment means when the first user is connected to the server

wherein the system is configured so that moving the cyber payment means from the first user to the second user inside of the database when the first user, who has the issued cyber payment means, performs payment to the second user includes one or more of the following;

(1) receiving a request from the first user that a cyber check is divided into a plurality of cyber checks and paid; and

(2) receiving a request from the first user that a plurality of cyber checks are combined into one cyber check and paid,

wherein (1) includes;

(11) receiving input of a cyber check to be divided from the first user;

(12) receiving input of a business identifier of a second user to be paid with a cyber check resulting from the division of the cyber check input in (11), and an amount of money of the cyber check resulting from the division;

(13) issuing a cyber check resulting from the division of the cyber check input in (11) with a newly assigned check number, corresponding to the business identifier and divided money input in (12); and

(14) receiving a request from the first user for payment to be performed using the divided cyber check issued in (13), and

wherein, in (13), the check number of the cyber check resulting from the division of the cyber check input in (11) is assigned corresponding to the check number of the cyber check input in (11) before division, and

wherein (2) includes;

assigning to the combined cyber check a newly assigned check number corresponding to a check number of one of the plurality of cyber checks before combination.

2. The system of claim 1 wherein the cyber payment means is a cyber note, and

wherein the cyber note is related to the current account of the corresponding user and marked with at least a unique note number and a due date.

3. The system of claim 1, wherein the cyber payment means is a cyber check and the amount of money is within a withdrawal limit of the current account of the corresponding user.

4. The system of claim 1, wherein the cyber payment means is a cyber payment certificate, the cyber payment certificate is marked with at least a unique certificate number and a due date, and wherein the cyber payment certificate can be divided and transferred from the first user to the second user.

5. The system of claim 1, wherein (2) comprises:

(21) receiving input of cyber checks to be combined from the first user;

(22) receiving input of a business identifier of the second user to be paid with the combined cyber check after combination, from the first user;

(23) issuing the combined cyber check marked with a sum of money of cyber checks to be combined, the business identifier of the second user to be paid, and the newly assigned check number; and

(24) receiving a request from the first user for payment to be performed using the combined cyber check issued in (23).