Method and system for initiating and/or conducting a transaction that is associated with at least two corresponding declarations of intent
First Claim
1. Method for a payment transaction between at least two transaction parties using (1) at least two communication devices respectively associated with data transmissions by the at least two transaction parties and (2) a processing unit, wherein the payment transaction is associated with at least two corresponding declarations of intent between the at least two transaction parties, the method comprising:
- a) providing correlation data to at least one of the at least two transaction parties prior to conducting the payment transaction, said correlation data including a first correlation reference code and optionally a second correlation reference code, wherein each correlation reference code is insufficient to enable unique identification of any of the at least two transaction parties when the payment transaction is conducted,b) prior to transmitting any data relevant to the payment transaction from the processing unit to any of the at least two communication devices, transmitting all data relevant to the payment transaction from the at least two communication devices to the processing unit, wherein each of the at least two communication devices respectively transmits one data set to the processing unit that includes;
i. the amount to be paid, in money or value units, in association with the payment transaction between the at least two parties, andii. data sufficient to enable a unique identification of which of the at least two transaction parties is transmitting the respective data set to the processing unit,c) using the processing unit to put the data sets respectively transmitted by the at least two transaction parties into a transaction pool, wherein for each pair of correlatable data sets the period of time between the transmission of the first data set and the transmission of the second data set is within a time frame of a predefined length, andd) using the processing unit to effectively delete data sets from the transaction pool where no correlatable data set is found within the time frame of the predefined length,e) using the processing unit to compare all data sets in said transaction pool to determine whether there exists exactly two data sets, and not more, with corresponding amounts and corresponding correlation reference codes thereby indicative of corresponding declarations of intent,f) using the processing unit to select said two data sets having the corresponding amounts and corresponding correlation reference codes, andg) conducting the payment transaction according to said two selected data sets.
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Accused Products
Abstract
The present invention relates to a method and a system for initiating and/or conducting a transaction that is associated with at least two corresponding declarations of intent, in particular a payment transaction, between at least two transaction parties via a processing unit (3), in which payment transaction at least one of the transaction parties uses a land line telephone or mobile telephone (1, 2) or a mobile communications device for transmitting data. The method is characterized by the transmission of data to the processing unit by at least two transaction parties within a limited time frame, and by the fact that the initiation of the data transmission of these transaction parties is effected actively by the transaction parties and not by the processing unit (3), while the data transmitted during initiation contain features that enable correlating the declarations of intent with one another.
62 Citations
25 Claims
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1. Method for a payment transaction between at least two transaction parties using (1) at least two communication devices respectively associated with data transmissions by the at least two transaction parties and (2) a processing unit, wherein the payment transaction is associated with at least two corresponding declarations of intent between the at least two transaction parties, the method comprising:
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a) providing correlation data to at least one of the at least two transaction parties prior to conducting the payment transaction, said correlation data including a first correlation reference code and optionally a second correlation reference code, wherein each correlation reference code is insufficient to enable unique identification of any of the at least two transaction parties when the payment transaction is conducted, b) prior to transmitting any data relevant to the payment transaction from the processing unit to any of the at least two communication devices, transmitting all data relevant to the payment transaction from the at least two communication devices to the processing unit, wherein each of the at least two communication devices respectively transmits one data set to the processing unit that includes; i. the amount to be paid, in money or value units, in association with the payment transaction between the at least two parties, and ii. data sufficient to enable a unique identification of which of the at least two transaction parties is transmitting the respective data set to the processing unit, c) using the processing unit to put the data sets respectively transmitted by the at least two transaction parties into a transaction pool, wherein for each pair of correlatable data sets the period of time between the transmission of the first data set and the transmission of the second data set is within a time frame of a predefined length, and d) using the processing unit to effectively delete data sets from the transaction pool where no correlatable data set is found within the time frame of the predefined length, e) using the processing unit to compare all data sets in said transaction pool to determine whether there exists exactly two data sets, and not more, with corresponding amounts and corresponding correlation reference codes thereby indicative of corresponding declarations of intent, f) using the processing unit to select said two data sets having the corresponding amounts and corresponding correlation reference codes, and g) conducting the payment transaction according to said two selected data sets. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22)
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23. A computer-readable storage medium storing computer-executable program code for conducting a method for payment transaction when the computer-executable program code is executed on a computer, said payment transaction between at least two transaction parties using (1) at least two communication devices respectively associated with data transmissions by the at least two transaction parties and (2) a processing unit, wherein said method for a payment transaction is associated with at least two corresponding declarations of intent between at least two transaction parties, the method comprising:
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a) providing correlation data to at least one of the at least two transaction parties prior to conducting the payment transaction, said correlation data including a first correlation reference code and optionally a second correlation reference code, wherein each correlation reference code is insufficient to enable unique identification of any of the at least two transaction parties when the payment transaction is conducted, b) prior to transmitting any data relevant to the payment transaction from the processing unit to any of the at least two communication devices, transmitting all data relevant to the payment transaction from the at least two communication devices to the processing unit, wherein each of the at least two communication devices respectively transmits one data set to the processing unit that includes; i. the amount to be paid, in money or value units, in association with the payment transaction between the at least two parties, and ii. data sufficient to enable a unique identification of which of the at least two transaction parties is transmitting the respective data set to the processing unit, c) putting first and second data sets respectively transmitted by the at least two transaction parties into a transaction pool, wherein for each pair of correlatable data sets the period of time between the transmission of the first data set and the transmission of the second data set is within a time frame of a predefined length, and d) deleting data sets from the transaction pool where no correlatable data set is found within the time frame of the predefined length, e) comparing alit data sets in said transaction pool to determine whether there exists exactly two data sets, and not more, with corresponding amounts and corresponding correlation reference codes thereby indicative of corresponding declarations of intent, f) selecting said two data sets having the corresponding amounts and corresponding correlation reference codes, and g) conducting the payment transaction according to said two selected data sets. - View Dependent Claims (24, 25)
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Specification