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SG10201700562UA - Switch For Routing Payment Instruction - Google Patents

Switch For Routing Payment Instruction

Info

Publication number
SG10201700562UA
SG10201700562UA SG10201700562UA SG10201700562UA SG10201700562UA SG 10201700562U A SG10201700562U A SG 10201700562UA SG 10201700562U A SG10201700562U A SG 10201700562UA SG 10201700562U A SG10201700562U A SG 10201700562UA SG 10201700562U A SG10201700562U A SG 10201700562UA
Authority
SG
Singapore
Prior art keywords
payment
payment instruction
acquirer
issuer
routing
Prior art date
Application number
SG10201700562UA
Inventor
Harjender Singh
Yen Wei Ping Philip
Michihiko Yoden
Original Assignee
Mastercard Asia Pacific Pte Ltd
Priority date (The priority date is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the date listed.)
Filing date
Publication date
Application filed by Mastercard Asia Pacific Pte Ltd filed Critical Mastercard Asia Pacific Pte Ltd
Priority to SG10201700562UA priority Critical patent/SG10201700562UA/en
Priority to CN201810064653.4A priority patent/CN108390823B/en
Priority to HK18110738.6A priority patent/HK1251375A1/en
Publication of SG10201700562UA publication Critical patent/SG10201700562UA/en

Links

Classifications

    • H—ELECTRICITY
    • H04—ELECTRIC COMMUNICATION TECHNIQUE
    • H04L—TRANSMISSION OF DIGITAL INFORMATION, e.g. TELEGRAPHIC COMMUNICATION
    • H04L49/00—Packet switching elements
    • H04L49/35—Switches specially adapted for specific applications
    • G—PHYSICS
    • G06—COMPUTING OR CALCULATING; COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/30—Payment architectures, schemes or protocols characterised by the use of specific devices or networks
    • G06Q20/36—Payment architectures, schemes or protocols characterised by the use of specific devices or networks using electronic wallets or electronic money safes
    • G06Q20/367—Payment architectures, schemes or protocols characterised by the use of specific devices or networks using electronic wallets or electronic money safes involving electronic purses or money safes
    • G—PHYSICS
    • G06—COMPUTING OR CALCULATING; COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/30—Payment architectures, schemes or protocols characterised by the use of specific devices or networks
    • G06Q20/36—Payment architectures, schemes or protocols characterised by the use of specific devices or networks using electronic wallets or electronic money safes
    • G06Q20/367—Payment architectures, schemes or protocols characterised by the use of specific devices or networks using electronic wallets or electronic money safes involving electronic purses or money safes
    • G06Q20/3674—Payment architectures, schemes or protocols characterised by the use of specific devices or networks using electronic wallets or electronic money safes involving electronic purses or money safes involving authentication
    • G—PHYSICS
    • G06—COMPUTING OR CALCULATING; COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/38—Payment protocols; Details thereof
    • G06Q20/40—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
    • G06Q20/401—Transaction verification
    • G06Q20/4014—Identity check for transactions
    • H—ELECTRICITY
    • H04—ELECTRIC COMMUNICATION TECHNIQUE
    • H04L—TRANSMISSION OF DIGITAL INFORMATION, e.g. TELEGRAPHIC COMMUNICATION
    • H04L45/00—Routing or path finding of packets in data switching networks
    • H04L45/50—Routing or path finding of packets in data switching networks using label swapping, e.g. multi-protocol label switch [MPLS]
    • H—ELECTRICITY
    • H04—ELECTRIC COMMUNICATION TECHNIQUE
    • H04L—TRANSMISSION OF DIGITAL INFORMATION, e.g. TELEGRAPHIC COMMUNICATION
    • H04L63/00—Network architectures or network communication protocols for network security
    • H04L63/08—Network architectures or network communication protocols for network security for authentication of entities
    • H04L63/0876—Network architectures or network communication protocols for network security for authentication of entities based on the identity of the terminal or configuration, e.g. MAC address, hardware or software configuration or device fingerprint
    • H—ELECTRICITY
    • H04—ELECTRIC COMMUNICATION TECHNIQUE
    • H04L—TRANSMISSION OF DIGITAL INFORMATION, e.g. TELEGRAPHIC COMMUNICATION
    • H04L63/00—Network architectures or network communication protocols for network security
    • H04L63/10—Network architectures or network communication protocols for network security for controlling access to devices or network resources
    • H—ELECTRICITY
    • H04—ELECTRIC COMMUNICATION TECHNIQUE
    • H04L—TRANSMISSION OF DIGITAL INFORMATION, e.g. TELEGRAPHIC COMMUNICATION
    • H04L63/00—Network architectures or network communication protocols for network security
    • H04L63/12—Applying verification of the received information

Landscapes

  • Engineering & Computer Science (AREA)
  • Business, Economics & Management (AREA)
  • Accounting & Taxation (AREA)
  • Computer Networks & Wireless Communication (AREA)
  • Computer Security & Cryptography (AREA)
  • Finance (AREA)
  • Signal Processing (AREA)
  • General Physics & Mathematics (AREA)
  • General Business, Economics & Management (AREA)
  • Theoretical Computer Science (AREA)
  • Physics & Mathematics (AREA)
  • Computer Hardware Design (AREA)
  • Computing Systems (AREA)
  • General Engineering & Computer Science (AREA)
  • Strategic Management (AREA)
  • Power Engineering (AREA)
  • Financial Or Insurance-Related Operations Such As Payment And Settlement (AREA)

Abstract

Switch for routing payment instruction According to a first aspect of the present invention, there is provided a payment facilitator switch configured to route a payment instruction determining a flow of funds, the payment facilitator switch comprising: an input port; a processor; and at least one memory including computer program code; the at least one memory and the computer program code configured to, with the at least one processor, cause the payment facilitator switch at least to: receive, through the input port, payment facilitation data generated from a purchase made at a merchant; receive, through the input port, details of a funding source selected to pay for the purchase; generate the payment instruction in response to receipt of the payment facilitation data; and route the payment instruction to either an issuer or an acquirer, depending on the selected funding source and analysis of the payment facilitation data, the issuer being a bank for the funding source and the acquirer being a bank for the merchant, wherein routing of the payment instruction to the issuer causes pushing of funds from the issuer to the acquirer and routing of the payment instruction to the acquirer causes pulling of funds from the issuer to the acquirer. There is also disclosed a method for routing payment instruction determining such a flow of funds. Figure 1
SG10201700562UA 2017-01-23 2017-01-23 Switch For Routing Payment Instruction SG10201700562UA (en)

Priority Applications (3)

Application Number Priority Date Filing Date Title
SG10201700562UA SG10201700562UA (en) 2017-01-23 2017-01-23 Switch For Routing Payment Instruction
CN201810064653.4A CN108390823B (en) 2017-01-23 2018-01-23 An exchange for routing payment instructions
HK18110738.6A HK1251375A1 (en) 2017-01-23 2018-08-21 Switch for routing payment instruction

Applications Claiming Priority (1)

Application Number Priority Date Filing Date Title
SG10201700562UA SG10201700562UA (en) 2017-01-23 2017-01-23 Switch For Routing Payment Instruction

Publications (1)

Publication Number Publication Date
SG10201700562UA true SG10201700562UA (en) 2018-08-30

Family

ID=63077562

Family Applications (1)

Application Number Title Priority Date Filing Date
SG10201700562UA SG10201700562UA (en) 2017-01-23 2017-01-23 Switch For Routing Payment Instruction

Country Status (3)

Country Link
CN (1) CN108390823B (en)
HK (1) HK1251375A1 (en)
SG (1) SG10201700562UA (en)

Family Cites Families (10)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
BRPI0621862A2 (en) * 2006-07-06 2011-09-20 Firethorn Holdings Llc methods and system for financial transactions in a mobile environment
CN101071490A (en) * 2007-03-23 2007-11-14 田小平 Member name and bank card binding electronic business system and method
US20120072347A1 (en) * 2009-03-20 2012-03-22 Anthony Conway Policy-based payment transaction routing service for credit card payment processing
US8442914B2 (en) * 2010-07-06 2013-05-14 Mastercard International Incorporated Virtual wallet account with automatic-loading
CN103392186A (en) * 2012-12-28 2013-11-13 华为技术有限公司 A payment method, payment gateway and payment client
CA2843937C (en) * 2013-03-15 2022-10-04 Panasonic Avionics Corporation System and method for permitting a user to submit a payment electronically
WO2014162296A1 (en) * 2013-04-04 2014-10-09 Visa International Service Association Method and system for conducting pre-authorized financial transactions
EP3025293A4 (en) * 2013-07-24 2017-03-29 Visa International Service Association Systems and methods for communicating risk using token assurance data
CN105427101A (en) * 2015-11-19 2016-03-23 成都连银信息技术有限公司 Unified payment access gateway supporting multiple payment channels
CN105741088A (en) * 2016-01-27 2016-07-06 广州唯品会信息科技有限公司 Routing matching payment method and device

Also Published As

Publication number Publication date
CN108390823A (en) 2018-08-10
HK1251375A1 (en) 2019-01-25
CN108390823B (en) 2021-06-25

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