Interactive system for and method of performing financial transactions from a user base

• US 20020042778A1
• Filed: 12/20/2000
• Published: 04/11/2002
• Est. Priority Date: 03/26/1997
• Status: Active Grant

• Current Assignee: IPEG LLC
• Original Assignee: Johanna Magdalena Nel
• Inventors: Nel, Pierre H.
• Granted Patent: US 7,035,824 B2
• Time in Patent Office: Days
• US Class Current: 705/42
• 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 20/108 Remote banking, e.g. home banking
• CPC Class Codes: G06Q 20/12 specially adapted for electronic shopping systems
• CPC Class Codes: G06Q 20/26 Debit schemes, e.g. "pay now"
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions
• CPC Class Codes: G06Q 30/0601 Electronic shopping [e-shopping]
• CPC Class Codes: G07F 7/0866 by active credit-cards adapted therefor G07F7/1008 takes precedence
• CPC Class Codes: G07F 7/1008 Active credit-cards provided with means to personalise their use, e.g. with PIN-introduction/comparison system
• CPC Class Codes: G07F 7/1025 Identification of user by a PIN code

Abstract

There is disclosed and claimed a system for and a method of performing interactive data exchange, for example as part of a financial transaction, between a user base and a remote network. The system includes a request data input device 20. A telephone network 22 is connected to the device for transmitting the request data to the network 28. At the user base there is also provided a receiver for receiving response signals from the network and which signals include encoded response data. A signal decoder 14 is provided at the user base to decode the response data. A display 12 displays the response data interactively with the request data.

Claims

1. A system for performing an interactive data exchange function from a user base, the system including:

input means at the user base for entering request data relating to the function;

means for transmitting the request data to a computer network including one or more of a computer network of at least one financial institution;

a computer network of at least one vendor; and

a computer network of at least one service provider;

receiver means at the user base for receiving response signals from the network and which signals include encoded response data; and

signal decoding and display means at the user base connected to the receiver for decoding the response data and displaying the data in real time and interactively with the request data entered.

2. A system as claimed in claim 1 wherein the receiver means include an antenna for receiving signals transmitted from the network via an earth orbiting satellite.

3. A system as claimed in claim 1 wherein the signal decoding means forms part of a decoder for decoding subscription television broadcasts and wherein the display means is in the form of a screen of a television set connected to the decoder.

4. A system as claimed in claim 1 wherein the input means includes a telephone instrument;

and wherein the means for transmitting the request data includes a telephone network linking the instrument to the computer network.

5. A system as claimed in claim 1 wherein the decoding means is in the form of a decoder module forming part of a personal computer connected to the receiver means and wherein the display means is in the form of a screen of the personal computer.

6. A system as claimed in claim 5 wherein the input means include a keyboard connected to the personal computer and wherein the means for transmitting the request data include a modem connected to the personal computer and connectable to a telephone network which is connectable to the computer network.

7. A system as claimed in claim 1 wherein the means for transmitting the request data includes a transmitter at the user base connected to an antenna to transmit the request data via an earth orbiting satellite to the computer network.

8. A method of performing from a user base station interactive data exchange functions with a network including one or more of:

a computer network of at least one financial institution;

a computer network of at least one vendor; and

a computer network of at least one service provider, the method including the steps of;

transmitting from the user base station request data relating to the function;

at the network receiving the request data and generating response data

transmitting the response data in encoded form so that it can only be decoded by a decoder designated by the user;

at the base station receiving the encoded data and decoding the data by means of the designated decoder; and

displaying the data in real time and interactively with the request data transmitted.

9. A method as claimed in claim 8 wherein at least one of the request data and the response data is transmitted via a telephone network.

10. A method as claimed in claim 8 wherein at least part of the encoded response data is transmitted by wireless transmission.

11. A method as claimed in claim 10 wherein said at least part of the response data is transmitted via an earth orbiting satellite.

12. A method as claimed in claim 11 wherein the request data is transmitted from the user base station to the network via an earth orbiting satellite.