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SG10201701882YA - Customer-initiated payment system and process - Google Patents

Customer-initiated payment system and process

Info

Publication number
SG10201701882YA
SG10201701882YA SG10201701882YA SG10201701882YA SG10201701882YA SG 10201701882Y A SG10201701882Y A SG 10201701882YA SG 10201701882Y A SG10201701882Y A SG 10201701882YA SG 10201701882Y A SG10201701882Y A SG 10201701882YA SG 10201701882Y A SG10201701882Y A SG 10201701882YA
Authority
SG
Singapore
Prior art keywords
customer
token
transaction
merchant
electronic device
Prior art date
Application number
SG10201701882YA
Inventor
Chew Aileen
Venugopalan Vijin
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 SG10201701882YA priority Critical patent/SG10201701882YA/en
Priority to PCT/SG2018/050102 priority patent/WO2018164638A1/en
Priority to US16/491,807 priority patent/US20200342438A1/en
Publication of SG10201701882YA publication Critical patent/SG10201701882YA/en

Links

Classifications

    • 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
    • G06Q20/32—Payment architectures, schemes or protocols characterised by the use of specific devices or networks using wireless devices
    • G06Q20/327—Short range or proximity payments by means of M-devices
    • G06Q20/3276—Short range or proximity payments by means of M-devices using a pictured code, e.g. barcode or QR-code, being read by the M-device
    • 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
    • G06Q20/32—Payment architectures, schemes or protocols characterised by the use of specific devices or networks using wireless devices
    • G06Q20/327—Short range or proximity payments by means of M-devices
    • G06Q20/3274—Short range or proximity payments by means of M-devices using a pictured code, e.g. barcode or QR-code, being displayed on the M-device
    • 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
    • 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
    • G06Q20/382—Payment protocols; Details thereof insuring higher security of transaction
    • G06Q20/3821—Electronic credentials
    • G06Q20/38215—Use of certificates or encrypted proofs of transaction rights
    • 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

Landscapes

  • Business, Economics & Management (AREA)
  • Engineering & Computer Science (AREA)
  • Accounting & Taxation (AREA)
  • Physics & Mathematics (AREA)
  • Strategic Management (AREA)
  • General Business, Economics & Management (AREA)
  • General Physics & Mathematics (AREA)
  • Theoretical Computer Science (AREA)
  • Finance (AREA)
  • Computer Networks & Wireless Communication (AREA)
  • Computer Security & Cryptography (AREA)
  • Cash Registers Or Receiving Machines (AREA)
  • Financial Or Insurance-Related Operations Such As Payment And Settlement (AREA)

Abstract

CUSTOMER-INITIATED PAYMENT SYSTEM AND PROCESS A customer-initiated payment system, including: an electronic device of a customer, the electronic device including random access memory, non-volatile storage, a display, one or more interfaces to respective communications networks, and at least one processor configured to: process, in response to input from the customer, a digital image of a machine- readable optical code of a merchant to determine corresponding merchant information and transaction information encoded in the machine-readable optical code; access a digital wallet of the customer’s electronic device to determine a token that identifies a financial transaction account of the customer; process the determined information and token to generate a transaction request message representing an identifier of the merchant, a transaction amount, and the token of the customer; and send the transaction request message to a token server to request a financial transaction involving payment of the transaction amount from the financial transaction account of the customer to a financial transaction account of the merchant. Figure 2
SG10201701882YA 2017-03-08 2017-03-08 Customer-initiated payment system and process SG10201701882YA (en)

Priority Applications (3)

Application Number Priority Date Filing Date Title
SG10201701882YA SG10201701882YA (en) 2017-03-08 2017-03-08 Customer-initiated payment system and process
PCT/SG2018/050102 WO2018164638A1 (en) 2017-03-08 2018-03-05 Customer-initiated payment system and process
US16/491,807 US20200342438A1 (en) 2017-03-08 2018-03-05 Customer-initiated payment system and process

Applications Claiming Priority (1)

Application Number Priority Date Filing Date Title
SG10201701882YA SG10201701882YA (en) 2017-03-08 2017-03-08 Customer-initiated payment system and process

Publications (1)

Publication Number Publication Date
SG10201701882YA true SG10201701882YA (en) 2018-10-30

Family

ID=61656291

Family Applications (1)

Application Number Title Priority Date Filing Date
SG10201701882YA SG10201701882YA (en) 2017-03-08 2017-03-08 Customer-initiated payment system and process

Country Status (3)

Country Link
US (1) US20200342438A1 (en)
SG (1) SG10201701882YA (en)
WO (1) WO2018164638A1 (en)

Families Citing this family (6)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US11392920B1 (en) 2018-12-28 2022-07-19 United Services Automobile Association (Usaa) Smartphone application for securing purchase transactions between a customer and a merchant with self-checkout
CN110599156A (en) * 2019-08-08 2019-12-20 威富通科技有限公司 Money collection method, money collection device, terminal equipment and medium
CN111461736A (en) * 2019-11-26 2020-07-28 四川广聚其力电子科技有限公司 Concrete test block anti-counterfeiting management system and method
US11640593B2 (en) * 2020-05-20 2023-05-02 Stripe, Inc. System and method for vending machine
US12014342B2 (en) * 2022-09-14 2024-06-18 T Pushke Inc System and method for processing communal and public collections by utilizing a publicly accessible kiosk
USD1063958S1 (en) * 2022-11-16 2025-02-25 Airbnb, Inc. Display screen with graphical user interface

Family Cites Families (15)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US9672510B2 (en) * 2008-01-18 2017-06-06 Mitek Systems, Inc. Systems and methods for automatic image capture and processing of documents on a mobile device
US7593873B1 (en) * 2008-03-05 2009-09-22 United Services Automobile Association (Usaa) Systems and methods for price searching and customer self-checkout using a mobile device
US20090240598A1 (en) * 2008-03-24 2009-09-24 Kargman James B Method and apparatus for automated ordering and payment
US9400978B2 (en) * 2010-04-09 2016-07-26 Paypal, Inc. Methods and systems for selecting accounts and offers in payment transactions
US8380177B2 (en) * 2010-04-09 2013-02-19 Paydiant, Inc. Mobile phone payment processing methods and systems
US10121133B2 (en) * 2010-10-13 2018-11-06 Walmart Apollo, Llc Method for self-checkout with a mobile device
JP6141769B2 (en) * 2010-12-23 2017-06-07 ペイパル インコーポレイテッド ATM processing method and system for mobile phone
WO2012112822A2 (en) * 2011-02-16 2012-08-23 Visa International Service Association Snap mobile payment apparatuses, methods and systems
CA2858691A1 (en) * 2011-12-09 2013-06-13 Merchantwarehouse.Com, Llc Payment processing and customer engagement platform methods, apparatuses and media
US11080701B2 (en) * 2015-07-02 2021-08-03 Royal Bank Of Canada Secure processing of electronic payments
GB201302993D0 (en) * 2013-02-20 2013-04-03 Barclays Bank Plc Application, method and system for purchasing a product
EP3025293A4 (en) * 2013-07-24 2017-03-29 Visa International Service Association Systems and methods for communicating risk using token assurance data
SG10201501246TA (en) * 2015-02-17 2016-09-29 Mastercard Asia Pacific Pte Ltd Methods and systems for processing an electronic payment
US10963881B2 (en) * 2015-05-21 2021-03-30 Mastercard International Incorporated Method and system for fraud control of blockchain-based transactions
US20170024733A1 (en) * 2015-07-20 2017-01-26 Thomas Purves Seamless transaction minimizing user input

Also Published As

Publication number Publication date
US20200342438A1 (en) 2020-10-29
WO2018164638A1 (en) 2018-09-13

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