System and method for collecting financial transaction data

• US 6,394,341 B1
• Filed: 08/24/1999
• Issued: 05/28/2002
• Est. Priority Date: 08/24/1999
• Status: Expired due to Term

• Current Assignee: Nokia Technologies Oy (Nokia Corporation)
• Original Assignee: Nokia Corporation
• Inventors: Makipaa, Mikko, Immonen, Olli
• Primary Examiner(s): Frech, Karl D.
• Assistant Examiner(s): St. Cyr, Daniel
• Application Number:
  US09/382,354
• Time in Patent Office: 1,008 Days
• Field of Search: 235/379,380,383,462.46,472.02 705/39,40,41,44 380/24
• US Class Current: 235/379
• 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 20/047 using payment protocols involving electronic receipts
• CPC Class Codes: G06Q 20/322 Aspects of commerce using mobile devices [M-devices]
• CPC Class Codes: G06Q 20/3255 using mobile network messaging services for payment, e.g. SMS
• CPC Class Codes: G06Q 20/327 Short range or proximity payments by means of M-devices
• CPC Class Codes: G06Q 20/3825 Use of electronic signatures
• CPC Class Codes: G06Q 30/04 Billing or invoicing

Abstract

The present invention is a system and method for collecting transaction data. A system for collecting transaction data in accordance with the invention includes at least one transaction provider (12) which provides at least an electronic receipt of financial transactions offered by each transaction provider; at least one user device (14), in communication with each transaction provider, which provides to each transaction provider a selection by a user of the user device of an offered financial transaction and in response to receipt of an acceptance of the financial transaction recorded in the received electronic receipt; and at least one user information system (18), coupled to at least one of the at least one transaction provider or the at least one user device, which stores at least electronic receipts which are received from the at least one user device or the at least one transaction provider which are verified by the user information system to have been accepted by the user of the user device. At least one intermediate service provider (20) may be coupled to the at least one transaction provider processes information relating to the accepted financial transactions transmitted to the at least one intermediate service provider to produce processed information pertaining to the accepted financial transactions.

Claims

1. A system for collecting transaction data comprising:

a transaction provider which provides at least an electronic receipt of financial transactions offered by the transaction provider;

a user device, in communication with the transaction provider, which provides to the transaction provider a selection by a user of the user device of a financial transaction offered by the transaction provider and the user device in response to receipt of an electronic receipt provides an acceptance of the financial transaction recorded in the received electronic receipt to the transaction provider; and

a user information system, coupled to at least one of the transaction provider or the user device, which stores at least electronic receipts which are received from the user device or the transaction provider which are verified by the user information system to have been accepted by the user of the user device.

2. A system in accordance with claim 1 wherein:

the user device is a mobile terminal in wireless communication with at least the transaction provider.

3. A system in accordance with claim 2 wherein:

the user device adds to the electronic receipts additional information which is used by the user information system in processing at least the electronic receipts stored by the user information system.

4. A system in accordance with claim 1 wherein:

the user information system comprises a processor and a memory with the memory storing at least electronic receipts only after the verification of acceptance of the electronic receipts by the user; and

the processor provides at least one of accounting service and financial management service to the user.

5. A system in accordance with claim 4 wherein:

the user device adds to the electronic receipt additional information which is used by the user information system in processing at least the electronic receipts stored by the user information system.

6. A system in accordance with claim 4 wherein:

the user information system stores in the memory transaction information of the user, is operated by a company physically separated from the user and is connected to the user device by a wireless link.

7. A system in accordance with claim 1 wherein:

the user device is a smart card which is read by a smart card reader at the transaction provider to obtain at least the acceptance by the user of the financial transaction and the information permitting the transaction provider to verify that the electronic receipt is accepted by the user of the user device.

8. A system in accordance with claim 7 wherein:

the user device adds to the electronic receipt additional information which is used by the user information system in processing at least the electronic receipts stored by the user information system.

9. A system in accordance with claim 7 wherein:

the information provided by the user device to the transaction provider to permit the transaction provider to verify that the electronic receipt is accepted by the user of the user device comprises an electronic signature.

10. A system in accordance with claim 9 wherein:

the user information system also verifies at least any received electronic receipts with the electronic signature.

11. A system in accordance with claim 1 wherein:

the user device adds to the electronic receipt additional information which is used by the user information system in processing at least the electronic receipts stored by the user information system.

12. A system in accordance with claim 11 wherein:

the information provided by the user device to the transaction provider to permit the transaction provider to verify that the electronic receipt is accepted by the user of the user device comprises an electronic signature.

13. A system in accordance with claim 11 wherein:

the user information system also verifies at least any received electronic receipts with the electronic signature.

14. A system in accordance with claim 1 wherein:

the user device adds to the electronic receipt comments from the user providing additional information about the financial transaction beyond information contained in an electronic receipt.

15. A system in accordance with claim 1 wherein:

the information provided by the user device to the transaction provider to permit the transaction provider to verify that the electronic receipt is accepted by the user of the user device comprises an electronic signature.

16. A system in accordance with claim 10 wherein:

the user information system also verifies at least any received electronic receipts with the electronic signature.

17. A system in accordance with claim 1 wherein:

the transaction provider also provides to the user device electronic data identifying financial transactions which are offered by the transaction provider.

18. A system for collecting transaction data comprising:

a transaction provider which provides at least an electronic receipt of financial transactions obtained from the transaction provider;

a user device, in communication with the transaction provider, which provides to the transaction provider a selection by a user of the user device of a financial transaction offered by the transaction provider and the user device in response to receipt of an electronic receipt provides an acceptance of the financial transaction recorded in the received electronic receipt to the transaction provider;

an intermediate service provider, coupled to the transaction provider, which processes information relating to the accepted financial transaction transmitted by the transaction provider to the intermediate service provider to produce processed information pertaining to the accepted financial transaction; and

a user information system, coupled to the intermediate service provider, which stores at least electronic receipts which are received from the intermediate service provider which are verified by the user information system to have been accepted by the user of the user device.

19. A system in accordance with claim 18 wherein:

the intermediate service provider is a financial institution which processes the information relating to the accepted financial transaction against an account which the user has with the intermediate service provider.

20. A system in accordance with claim 19 wherein:

the user device adds to the electronic receipt additional information which is used by the user information system in processing at least the electronic receipts stored by the user information system.

21. A system in accordance with claim 20 wherein:

the information provided by the user device to permit the transaction provider to verify that the electronic receipt is correct comprises an electronic signature.

22. A system in accordance with claim 21 wherein:

the user information system also verifies at least any received electronic receipts with the electronic signature.

23. A system in accordance with claim 19 wherein:

the information provided by the user device to permit the transaction provider to verify that the electronic receipt is correct comprises an electronic signature.

24. A system in accordance with claim 23 wherein:

the user information system also verifies at least any received electronic receipts with the electronic signature.

25. A system in accordance with claim 19 wherein:

the user device encrypts an identity of the user from at least the transaction provider.

26. A system in accordance with claim 25 wherein:

the user device also encrypts contents of the electronic receipt from being accessed by the intermediate service provider.

27. A system in accordance with claim 19 wherein:

the financial institution validates the information relating to the selected financial transaction is correct as associated with the account of the user.

28. A system in accordance with claim 27 wherein:

the financial institution provides information to the user information system that the financial transaction has occurred between the user and transaction provider.

29. A system in accordance with claim 18 wherein:

the user device adds to the electronic receipt additional information which is used by the user information system in processing at least the electronic receipts stored by the user information system.

30. A system in accordance with claim 29 wherein:

the information provided by the user device to permit the transaction provider to verify that the electronic receipt is correct comprises an electronic signature.

31. A system in accordance with claim 30 wherein:

the user information system also verifies at least any received electronic receipts with the electronic signature.

32. A system in accordance with claim 29 wherein:

the user device encrypts an identity of the user from at least the transaction provider.

33. A system in accordance with claim 32 wherein:

the user device also encrypts contents of the electronic receipt from being accessed by the intermediate service provider.

34. A system in accordance with claim 18 wherein:

the information provided by the user device to permit the transaction provider to verify that the electronic receipt is correct comprises an electronic signature.

35. A system in accordance with claim 34 wherein:

the user information system also verifies at least any received electronic receipts with the electronic signature.

36. A system in accordance with claim 35 wherein:

the user device encrypts an identity of the user from at least the transaction provider.

37. A system in accordance with claim 36 wherein:

the user device also encrypts contents of the electronic receipt from being accessed by the intermediate service provider.

38. A system in accordance with claim 34 wherein:

the user device encrypts contents of the electronic receipt from at least the transaction provider.

39. A system in accordance with claim 38 wherein:

the user device also encrypts contents of the electronic receipt from being accessed by intermediate service provider.

40. A system in accordance with claim 18 wherein:

the user device encrypts an identity of the user from at least the transaction provider.

41. A system in accordance with claim 40 wherein:

the user device also encrypts contents of the electronic receipt from being accessed by the intermediate service provider.

42. A system in accordance with claim 18 wherein:

the user information system comprises a processor and a memory with the memory storing at least electronic receipts only after the verification of acceptance of the electronic receipts by the user; and

the processor provides at least one of accounting service and financial management service to the user.

43. A system in accordance with claim 18 wherein:

the user information system stores in the memory transaction information of the user, is operated by a company physically separated from the user and is connected to the user device by a wireless link.

44. A process for collecting transaction data comprising:

providing from a transaction provider to a user device at least an electronic receipt of a financial transaction obtained by the user from the transaction provider;

providing a verification from the user device to the transaction provider in the electronic receipt that the financial transaction is accepted by a user of the user device;

transmitting from either the transaction provider or the user device to a user information system at least the electronic receipt; and

storing at least the electronic receipt with the user information system when at least the electronic receipt is verified by the user information system to have been accepted by the user of the user device.

45. A process in accordance with claim 44 wherein:

the user device adds to the electronic receipt additional information which is used by the user information system in processing at least the electronic receipt stored by the user information system.

46. A process in accordance with claim 44 wherein:

the information provided by the user device to the transaction provider to permit the transaction provider to verify that the electronic receipt is accepted by the user of the user device comprises an electronic signature.

47. A process in accordance with claim 46 wherein:

the user information system also verifies at least any received electronic receipts with the electronic signature.

48. A process in accordance with claim 44 wherein:

the transaction provider also provides to the user device electronic data identifying financial transactions which are offered by the transaction provider.

49. A process in accordance with claim 44 wherein:

the user information system comprises a processor and a memory with the memory storing at least electronic receipts only after the verification of acceptance of the electronic receipts by the user; and

the processor provides at least one of accounting service and financial management service to the user.

50. A process for collecting transaction data comprising:

providing form a transaction provider to a user device at least an electronic receipt of a financial transaction obtained by the user from the transaction provider;

providing a verification from the user device to the transaction provider in the electronic receipt that the financial transaction is accepted by a user of the user device;

transmitting information relating to the accepted financial transaction from the transaction provider to an intermediate service provider;

processing the information relating to the accepted financial transaction with the intermediate service provider to produce processed information pertaining to the accepted financial transaction; and

receiving at least the electronic receipt with a user information system from the intermediate service provider and storing at least the electronic receipt when at least the electronic receipt is verified by the user information system to have been accepted by the user of the user device.

51. A process in accordance with claim 50 wherein:

the intermediate service provider is a financial institution which processes the information relating to the selected financial transaction against an account which the user has with the intermediate service provider.

52. A process in accordance with claim 50 wherein:

the user device adds to the electronic receipt additional information which is used by the user information system in processing at least the electronic receipt stored by the user information system.

53. A process in accordance with claim 50 wherein:

the information provided by the user device to the transaction provider to permit the transaction provider to verify that the electronic receipt is accepted by the user of the user device comprises an electronic signature.

54. A process in accordance with claim 53 wherein:

the user information system also verifies at least any received electronic receipts with the electronic signature.

55. A process in accordance with claim 50 wherein:

the user device encrypts an identity of the user from at least the transaction provider.

56. A process in accordance with claim 55 wherein:

the user device also encrypts the contents of the electronic receipt from being accessed by the intermediate service provider.

57. A process in accordance with claim 51 wherein:

the financial institution validates the information relating to the accepted financial transaction is correct as associated with the account of the user.

58. A process in accordance with claim 57 wherein:

the financial institution provides information to the user information system that the financial transaction has occurred between the user and transaction provider.

59. A process in accordance with claim 50 wherein:

the intermediate service provider provides the transaction provider with an analysis of financial transactions accepted by the user of the user device.

60. A process in accordance with claim 59 wherein:

the analysis is a statistical analysis.

61. A process in accordance with claim 50 wherein:

the transaction provider provides an analysis of sales of particular types of financial transactions to manufacturers of products which are involved with the sale.

62. A process in accordance with claim 61 wherein:

the analysis involves at least one of location and time that the sales were made.

63. A process in accordance with claim 50 wherein:

the transaction provider creates profiles of a user of the user device based on types of purchases which are made.

64. A process in accordance with claim 50 wherein:

the transaction provider provides a tabulation of purchases made by users of the user device.

65. A process in accordance with claim 64 wherein:

the tabulation is provided by the transaction provider to a manufacturer of products purchased with each financial transaction.

66. A process in accordance with claim 50 wherein:

the intermediate service provider provides the history of a user financial transaction to another for a benefit of the user.

67. A process in accordance with claim 50 wherein:

the intermediate service provider provides a user of the user device with an analysis of the user'"'"'s history of financial transactions.

68. A process in accordance with claim 67 wherein:

the analysis identifies types of financial transactions which the user has accepted.

69. A process in accordance with claim 68 wherein:

the analysis groups products which are involved in financial transactions according to categories.

70. A process in accordance with claim 68 wherein:

the analysis compares the user'"'"'s history of financial transactions with a history of financial transactions of others.

71. A process in accordance with claim 50 wherein:

the user device is used by members of an organization and information of multiple users is combined in the user information system.

72. A process in accordance with claim 50 wherein:

the user information system comprises a processor and a memory with the memory storing at least electronic receipts only after the verification of acceptance of the electronic receipts by the user; and

the processor provides at least one of accounting service and financial management service to the user.

73. A process in accordance with claim 72 wherein:

the user information system stores in the memory transaction information of the user, is operated by a company physically separated from the user and is connected to the user device by a wireless link.

74. A process in accordance with claim 50 wherein:

the user information system comprises a processor and a memory with the memory storing at least electronic receipts only after the verification of acceptance of the electronic receipts by the user; and

the processor provides at least one of accounting service and financial management service to the user.

75. A process in accordance with claim 74 wherein:

the user information system stores in the memory transaction information of the user, is operated by a company physically separated from the user and is connected to the user device by a wireless link.

76. A system for collecting transaction data comprising:

a plurality of transaction providers, each transaction provider providing at least an electronic receipt of financial transactions obtained therefrom;

a plurality of user devices, in communication with the plurality of transaction providers, which provide to at least one transaction provider a selection by a user of each user device of an offered financial transaction and in response to receipt of an electronic receipt an acceptance of the transaction recorded in the received electronic receipt;

at least one intermediate service provider, coupled to each transaction provider, which processes information relating to the accepted financial transaction transmitted by each transaction provider to the at least one intermediate service provider to produce processed information pertaining to the selected financial transaction; and

at least one user information system, coupled to at least one intermediate service provider, each user information system storing at least electronic receipts which are received from each intermediate service provider which are verified by the at least one user information system to have been accepted by the user of each user device.

77. A system in accordance with claim 76 wherein:

the intermediate service provider provides to at least one user of the user devices information on price differences at different locations at which the plurality of transaction providers are located.

78. A system in accordance with claim 76 wherein:

the user information system comprises a processor and a memory with the memory storing at least electronic receipts only after the verification of acceptance of the electronic receipts by the user; and

the processor provides at least one of accounting service and financial management service to the user.

79. A system in accordance with claim 78 wherein:

the user information system stores in the memory transaction information of the user, is operated by a company physically separated from the user and is connected to the user device by a wireless link.