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Transaction system and method

A transaction and electronic transaction technology, applied in transmission systems, digital transmission systems, prepayment schemes, etc., can solve problems such as being vulnerable to deception, expensive refunds from merchants, and users cannot be anonymous

Inactive Publication Date: 2007-11-21
雅艾尔・扎克斯 +1
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  • Summary
  • Abstract
  • Description
  • Claims
  • Application Information

AI Technical Summary

Problems solved by technology

The disadvantages of these methods are: it is easy to be deceived, the credit card is exposed to the entire public network, the user cannot be anonymous and the high commission of the acquirer and the expensive refund of the merchant
Although most of the currency circulation in the world is cash, for virtual merchants, it is impossible to pay by physical cash, only by electronic payment

Method used

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  • Transaction system and method
  • Transaction system and method

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Embodiment Construction

[0023] As shown in FIG. 1, the present invention combines an Electronic Voucher Distribution (EVD) system and a credit / debit card clearing system for prepaid cash collection. According to a preferred embodiment of the present invention, the end user 1 purchases a paid and anonymous debit card (hereinafter "INTERNET MONEY") in a conventional store. The internet money debit card is issued by an authorized issuer (credit provider) 2 and contains the required details (such as bank identification number, expiry date, CW2 etc.) for virtual internet purchases. Internet money debit cards are issued with their numbers and the paid value and details are stored in the credit provider's database3. Each store is part of the electronic distribution network and is equipped with a terminal 4 . The terminal has software that communicates with the service provider's central server and revokes the Internet Money debit card at the shopper's request. The central server electronically sends the d...

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PUM

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Abstract

A method for electronic transaction method comprising: selling by a Credit Provider to a Service Provider credit vouchers, each voucher associated with a predetermined value and all the credit cards parameters; electronically distributing by the Service Provider of the vouchers to Merchants, who sell vouchers to End Users, for the End Users to use the vouchers in commercial transactions.

Description

technical field [0001] The invention relates to financial transactions, in particular to a network-based prepayment electronic transaction method and an electronic voucher distribution system. Background technique [0002] In general, credit and debit cards and various electronic wallets are used for payments on the web. The disadvantages of these methods are: it is easy to be deceived, the credit card is exposed to the entire public network, the user cannot be anonymous, and the high commission of the acquirer and the expensive refund of the merchant. Although most of the currency circulation in the world is cash, for virtual merchants, it is impossible to pay by physical cash, only by electronic payment. The present invention combines an electronic credential dispensing system (collecting cash in advance) and a credit / debit card clearing system. The invention is a bridge between cash and virtual world. Contents of the invention [0003] According to some preferred emb...

Claims

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Application Information

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Patent Type & Authority Applications(China)
IPC IPC(8): G06Q99/00H04L9/00H04K1/00
CPCG06Q20/28G06Q20/385G06Q30/0601G06Q40/00G06Q20/12
Inventor 克福尔·亚当加弗瑞尔·爱亨瓦德史密尔·扎克斯丹·马塔轮
Owner 雅艾尔・扎克斯