Electronic means of payment with individually settable security features for the internet or for mobile networks

• US 7,353,210 B2
• Filed: 12/09/2004
• Issued: 04/01/2008
• Est. Priority Date: 06/10/2002
• Status: Expired due to Term

• Current Assignee: Volker Rudolph
• Original Assignee: Karsten Schulze, Plöhn, Heiko, Ralf Hochwimmer, Volker Rudolph
• Inventors: Hochwimmer, Ralf, Rudolph, Volker, Plöhn, Heiko, Schulze, Karsten
• Primary Examiner(s): Bayat; Bradley B.
• Application Number:
  US11/008,079
• Publication Number:
  US 20050149456A1
• Time in Patent Office: 1,209 Days
• Field of Search: 705/64, 705/74, 380/232, 235/379, 340/825, 379/91, 902/2
• US Class Current: 705/64
• CPC Class Codes: G06Q 20/04 Payment circuits
• CPC Class Codes: G06Q 20/12 specially adapted for electronic shopping systems
• CPC Class Codes: G06Q 20/382 insuring higher security of transaction
• CPC Class Codes: G06Q 20/3825 Use of electronic signatures
• CPC Class Codes: G06Q 20/383 Anonymous user system
• 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 20/4016 involving fraud or risk level assessment in transaction processing
• CPC Class Codes: G06Q 20/403 Solvency checks

Abstract

Electronic means of payment require specific procedures concerning the use thereof as well as set security features. Disclosed is a means of payment allowing the user to add individual security features, comprising the use of specific devices that are available to the user, the purchasing procedure, and additional general conditions pertaining to purchasing goods and services. The electronic means of payment can combine existing payment systems by making the payment systems selectable and allowing individual security features to be adjusted. The popular credit card can become far more secure when purchasing goods and services by combining the credit card with devices providing increased security, for a mobile phone, and adequate general conditions. The user of the means of payment can make payments in an individual manner according to the individual merchandise or service that he/she would like to purchase.

Claims

1. A method of generating electronic means of payment, comprising:

a customer selecting security features for the means of payment, security features being at least one of a necessary security question, restrictions on a usability of the means of payment for purchase of certain goods, passwords to release the means of payment, or release of the means of payment by a smartcard;

the customer requesting the means of payment from a financial institution and sending the selected security features to the financial institution, wherein the means of payment is independent of any specific seller or seller banking institution;

the financial institution generating the means of payment on a computer of the financial institution using the selected security features desired by the customer;

transmitting the means of payment electronically to the customer, who stores the means of payment in an electronic medium;

the customer transmitting the means of payment electronically to multiple sellers for payment in transactions from the electronic medium;

each of the sellers verifying the means of payment with respect to the selected security features by providing the means of payment to the financial institution to confirm the usability of the means of payment for the transactions based on the selected security features; and

the financial institution verifying whether the means of payment is usable and providing no personal data of the customer, making the means of payment anonymous for the customer.

2. A method of generating electronic means of payment according to claim 1, further comprising:

the customer making a payment of cash at the financial institution;

the financial institution creating a virtual account for the means of payment using the cash;

the financial institution generating an anonymous means of payment based on the virtual account.

3. A method of generating electronic means of payment according to claim 2, further comprising securing the steps of the customer requesting of the means of payment and the financial institution transmitting the means of payment using encryption and digital signatures.

4. A method of generating electronic means of payment according to claim 3, wherein one or more of the steps of the customer selecting security features and the customer requesting the means of payment are implemented within independent programs or as plug-ins, or are effected with the aid of a program provided in the means of payment.

5. A method of generating electronic means of payment according to claim 4, wherein the step of the customer selecting security features for the means of payment comprises the customer selecting a course of the means of payment.

6. A method of generating electronic means of payment according to claim 2, wherein the step of the customer selecting security features for the means of payment comprises the customer selecting a person who may use the means of payment.

7. A method of generating electronic means of payment according to claim 6, wherein the step of the customer selecting security features for the means of payment comprises the customer selecting institutions or persons who may accept the means of payment.

8. A method of generating electronic means of payment according to claim 7, wherein the step of the customer selecting security features for the means of payment comprises the customer selecting a category of goods or services which may be purchased by the means of payment.

9. A method of generating electronic means of payment according to claim 8, wherein the step of the customer selecting security features for the means of payment comprises the customer selecting a technical facility via which the means of payment must be used.

10. A method of generating electronic means of payment according to claim 9, wherein the step of the customer selecting security features for the means of payment comprises the customer defining the institutions or persons who must agree to the purchase using the means of payment.

11. A method of generating electronic means of payment according to claim 10, further comprising:

the customer selecting the means of payment to have multiple uses, and making multiple copies of the means of payment or the means of payment allowing debiting of several partial amounts which may be credited to several sellers.

12. A method of using a means of payment generated according to claim 11,

wherein the customer, following transmission of a price quotation for goods or services, transmits the means of payment from a technical facility to the computer of the seller;

wherein this means of payment is transmitted by the computer of the seller to a checking system for checking;

wherein the checking system checks the means of payment for validity and creditworthiness, and transmits information on the payment procedure to the seller;

wherein the seller on receipt of information from the checking system is able to check and accept the means of payment;

wherein the seller delivers the goods or service; and

wherein the customer on receipt of the goods or service releases the means of payment.

13. A method of using a means of payment according to claim 12, wherein the releasing the means of payment by the customer is dispensed with.

14. A method of generating electronic means of payment according to claim 1, further comprising securing the steps of the customer requesting of the means of payment and the financial institution transmitting the means of payment using encryption and digital signatures.

15. A method of generating electronic means of payment according to claim 1, wherein one or more of the steps of the customer selecting security features and the customer requesting the means of payment are implemented within independent programs or as plug-ins, or are effected with the aid of a program provided in the means of payment.

16. A method of generating electronic means of payment according to claim 1, wherein the step of the customer selecting security features for the means of payment comprises the customer selecting a course of the means of payment.

17. A method of generating electronic means of payment according to claim 1, wherein the step of the customer selecting security features for the means of payment comprises the customer selecting a person who may use the means of payment.

18. A method of generating electronic means of payment according to claim 1, wherein the step of the customer selecting security features for the means of payment comprises the customer selecting institutions or persons who may accept the means of payment.

19. A method of generating electronic means of payment according to claim 1, wherein the step of the customer selecting security features for the means of payment comprises the customer selecting a category of goods or services which may be purchased by the means of payment.

20. A method of generating electronic means of payment according to claim 1, wherein the step of the customer selecting security features for the means of payment comprises the customer selecting a technical facility via which the means of payment must be used.

21. A method of generating electronic means of payment according to claim 1, wherein the step of the customer selecting security features for the means of payment comprises the customer defining the institutions or persons who must agree to the purchase using the means of payment.

22. A method of generating electronic means of payment according to claim 1, further comprising:

the customer selecting the means of payment to have multiple uses, and making multiple copies of the means of payment or the means of payment allowing debiting of several partial amounts which may be credited to several sellers.

23. A method of using a means of payment generated according to claim 1,

wherein the customer, following transmission of a price quotation for goods or services, transmits the means of payment from a technical facility to the computer of the seller;

wherein this means of payment is transmitted by the computer of the seller to a checking system for checking;

wherein the checking system checks the means of payment for validity and creditworthiness, and transmits information on the payment procedure to the seller;

wherein the seller on receipt of information from the checking system is able to check and accept the means of payment;

wherein the seller delivers the goods or service; and

wherein the customer on receipt of the goods or service releases the means of payment.

24. A method of using a means of payment according to claim 23, wherein the releasing the means of payment by the customer is dispensed with.

25. A method of using a means of payment according to claim 23 further comprising securing the steps of the customer requesting of the means of payment and the financial institution transmitting the means of payment using encryption and digital signatures.

26. A method of using a means of payment according to claim 23, wherein one or more of the steps of the customer selecting security features and the customer requesting the means of payment are implemented within independent programs or as plug-ins, or are effected with the aid of a program provided in the means of payment.

27. A method of generating electronic means of payment according to claim 1, further comprising a step of transmitting terms and conditions of the customer to the seller.

28. A method of generating electronic means of payment according to claim 1, further comprising a step of the seller accepting the terms and conditions of the customer.

29. A method of generating electronic means of payment according to claim 1, further comprising a step of the customer releasing payment.

30. An electronic payment method providing customer settable security features, the method comprising

requesting payments from a financial institution by the customer, wherein the means of payment is independent of any specific seller or seller banking institution and customer selects security features for the means of payment, security features being at least one of a necessary security question, restrictions on a usability of the means of payment for purchase of certain goods, passwords to release the means of payment, or release of the means of payment by a smartcard;

generating the payments on a computer of the financial institution using individual security features that are specified by the customer and different for each one of payments, wherein a computer program is used for the input of the security features;

the customer storing the means of payment in an electronic medium; and

transmitting the payments electronically to multiple sellers, who each verify the means of payment with respect to the selected security features by providing the means of payment to the financial institution to confirm the usability of the means of payment for the transactions based on the selected security features; and

the financial institution verifying whether the means of payment is usable and providing no personal data of the customer, making the means of payment anonymous for the customer.

31. A method as claimed in claim 30, wherein the step of requesting payments is performed by the customer using a computer connected to the internet.

32. A method as claimed in claim 30, wherein the step of requesting payments is performed by the customer using a mobile phone.

33. A method as claimed in claim 30, wherein the step of requesting payments is performed by the customer using an automatic bank terminal.

34. A method as claimed in claim 30, wherein the security features are stored in a data object and made available by the program individually.

35. A method as claimed in claim 30, wherein the security features include which sellers may receive the payments.

36. A method as claimed in claim 30, wherein the security features are added by manual data input.

37. A method as claimed in claim 30, wherein the step of generating the payments comprises including bank-specific details and individual security features definable by the customer, which determine the course of the payment transaction, in the payments.

38. A method as claimed in claim 30, further comprising:

the customer, following transmission of price quotations for goods or services, transmitting the payments to sellers, wherein the payments are transmitted by the sellers to a checking system that checks the payments for validity and creditworthiness, and transmits information on a payment procedure to the sellers;

the sellers, on receipt of information from the checking system, indicating whether the payment procedure is acceptable; and

the customer on receipt of the goods or service choosing to release the payments to complete the financial transactions.

39. A method as claimed in claim 30, wherein the security features compnse a course of the payment.

40. A method as claimed in claim 30, wherein the security features compnse a person who may use the payment.

41. A method as claimed in claim 30, wherein the security features comprise a category of goods or services which may be purchased by the payment.

42. A method as claimed in claim 30, wherein the security features comprise institutions or persons who must agree to a purchase using the means of payment.