Computer network method for conducting payment over a network by debiting and crediting utilities accounts

• US 7,487,126 B2
• Filed: 08/07/2001
• Issued: 02/03/2009
• Est. Priority Date: 04/09/2001
• Status: Expired due to Fees

• Current Assignee: Khai Hee Kwan
• Original Assignee: Khai Hee Kwan
• Inventors: KWAN, KHAI HEE
• Primary Examiner(s): Kazimi, Hani M.
• Assistant Examiner(s): Akintola, Olabode
• Application Number:
  US09/923,311
• Publication Number:
  US 20020147685A1
• Time in Patent Office: 2,737 Days
• Field of Search: 705/35, 705/39
• US Class Current: 705/39
• 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 20/16 Payments settled via telecommunication systems
• 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 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 50/06 Energy or water supply

Abstract

A computer network method for conducting payment over a network by crediting and debiting utility accounts. The computer network includes a computer connected to the Internet, which performs the following functions: (1) receiving a payment request from a prospective payer; (2) confirming the request and verifying payer'"'"'s identifier and authorization data; (3) receiving an electronic authority from the payer'"'"'s utility service computer indicating whether or not such request has been approved; (4) crediting and debiting payer'"'"'s and payee'"'"'s utility accounts with the approved amount and (5) confirming this transaction by responding a receipt to the payer'"'"'s mobile device and to payee'"'"'s server.

Claims

1. A computer method for conducting fund transfer over at least one network by crediting and debiting utility accounts comprising the steps:

providing utility accounts linked to account identifiers maintained by at least one utility provider and said provider is connected by a network to a payment processor having memory for executing a computer program causing said processor to perform when executed by said processor, the method comprising;

receiving a request for payment from an identifiable payer for an identifiable payee;

confirming said request;

if said request is approved, crediting a payee'"'"'s utility account and debiting a payer utility account respectively with a payment amount; and

whereby said utility accounts are selected from a group consisting of water, electricity, gas, telecommunication and data services accounts and said payment amount is transferable between different and same accounts within said group.

2. A method according to claim 1 wherein the payment amount is in the form of monetary units or utility units and both said units are exchangeable between different accounts within said group.

3. A method according to claim 1 wherein said utility accounts includes netting the amount received against actual utility charges.

4. A method according to claim 1 wherein said request is a function code and said payment processor identifies a transaction and payee from the code.

5. A method according to claim 1 whereby the payer'"'"'s and payee'"'"'s utility accounts includes sub-accounts linked to said utility accounts respectively by account identifier.

6. A method according to claim 1 further includes the step of extending at least one utility provider'"'"'s main processor for establishing sub-accounts for payer and payee.

7. A method according to claim 1 whereby said crediting and debiting of said accounts maintained at said providers are remotely controlled by said processor independently of said providers.

8. A computer system for conducting payment over a network by crediting and debiting utility accounts comprising:

a payment processor;

utility accounts having account identifiers maintained by at least one utility provider having memory and processor and said provider is connected by a network to said payment processor having memory for executing a computer program causing said processor to perform when executed by said processor the method comprising;

receiving a request for payment from an identifiable payer for an identifiable payee;

confirming said request;

if said request is approved, crediting a payee'"'"'s utility account and debiting a payer'"'"'s utility account respectively with a payment amount; and

whereby said utility accounts are selected from a group consisting of one of the water, electricity, gas, telecommunication and data services accounts and said payment amount is transferable between different and same accounts within said group.

9. A computer system according to claim 8 wherein the payment amount is in the form of monetary units or utility units and both said units exchangeable between different accounts within said group.

10. A computer system according to claim 8 wherein said utility provider'"'"'s memory is for executing a computer program causing said provider to net the amount received against actual utility charges.

11. A computer system according to claim 8, wherein said request is a function code and said payment processor identifies a transaction and payee from the code.

12. A computer system according to claim 8 whereby the payer'"'"'s and payee'"'"'s utility accounts includes sub-accounts linked to said utility accounts respectively by account identifier.

13. A computer system according to claim 8 wherein said utility provider'"'"'s memory is for executing a computer program causing a step of extending at least one said utility provider'"'"'s main processor for establishing sub-accounts for payer and payee.

14. A computer system according to claim 8 whereby said crediting and debiting of said accounts maintained at said providers are remotely controlled by said processor independently of said providers.

15. A computer readable storage medium storing instructions that when executed by a computer to perform a method for fund transfer over at least one network by crediting and debiting utility accounts, the method comprising:

receiving a request for payment from an identifiable payer for an identifiable payee;

confirming said request;

if said request is approved, crediting a payee'"'"'s utility account and debiting a payer'"'"'s utility account respectively with a payment amount;

whereby said utility accounts are selected from a group consisting of water, electricity, gas, telecommunication and data services accounts and said payment amount is transferable between different and same accounts within said group; and

whereby said computer is a payment processor connected to a network to at least one utility provider maintaining utility accounts having account identifiers.

16. A computer readable storage medium storing instructions according to claim of 15, wherein the payment amount is in the form of monetary units or utility units and both said units are exchangeable between different accounts within said group.

17. A computer readable storage medium storing instructions according to claim 15 wherein said instructions includes causing utility account to net the amount received against actual utility charges.

18. A computer readable storage medium storing instructions according to claim 15 wherein said request is function code and said payment processor identifies a transaction and payee from the code.

19. A computer readable storage medium storing instructions according to claim 15 whereby the payer'"'"'s and payee'"'"'s utility accounts includes sub-accounts linked to said utility accounts respectively by account identifier.

20. A computer readable storage medium storing instructions according to claim 15 whereby said crediting and debiting of said accounts maintained at said providers are remotely controlled by said processor independently of said providers.