Multi-card multi-acquiring-bank payment and settlement method and system

A single-bank, card-issuing bank technology, applied in the field of payment and settlement of multi-card types and multi-acquisition banks, can solve the problems of increasing the complexity of the transaction settlement activity system, and achieve the effects of rich payment methods, saving card issuance costs, and convenient matching.

Inactive Publication Date: 2011-01-12
HAINAN XINSHENG INFORMATION TECH
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  • Summary
  • Abstract
  • Description
  • Claims
  • Application Information

AI Technical Summary

Benefits of technology

This patented technical effect of this patents describes various improvements over existing methods used by payments providers (such as magnetic stripe) when conducting transactions involving multi account holders such as smartphones. These improved systems allow users to handle more complicated purchases while maintain their privacy during these interactions. Additionally, they have integrated capabilities like secure electronic funds transfer between two parties' devices without requiring them physically separate from each other. Overall, these new technologies improve efficiency and security measures across all participating locations within the world.

Problems solved by technology

This patented technical solution described in this patents allows users or companies who use credit cards (or debit) payments on behalf of various industries such as healthcare providers, retail stores, restaurants, hotels, charity programs, and others without having them separately handle all these forms of financial activity individually.

Method used

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  • Multi-card multi-acquiring-bank payment and settlement method and system
  • Multi-card multi-acquiring-bank payment and settlement method and system
  • Multi-card multi-acquiring-bank payment and settlement method and system

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Embodiment Construction

[0034] Such as figure 1 As shown, in a specific embodiment of the multi-card multi-acquiring bank payment and clearing system according to the present invention, the multi-card multi-acquiring bank payment and clearing system 10 includes: an acceptance terminal module 21, a card issuing center 22, a front Communication processing center 23 , account processing center 24 , clearing center 25 , encryption center 26 and management center 27 . Consumer terminals 1 of merchants using different acquiring banks 1-N of the payment and settlement system 10 1 ~1 M ,2 1 ~2 M ,...,N 1 ~N MAfter the unified acceptance terminal module 21 is loaded, it can be carried out with the pre-communication processing center 23 by various means such as the general packet radio service (GPRS) of the Internet network (INTERNET), the public switched telephone network (PSTN), and the mobile network. Two-way communication, so as to realize functions such as transaction data upload and configuration d...

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Abstract

The invention relates to multi-card multi-acquiring-bank payment and settlement method and system. The method comprises the following steps of: distributing different card zone codes respectively corresponding to different issuing banks by utilizing a card center and together writing the card zone codes with card numbers into an IC (Integrated Circuit) chip as the basic information of a card issued by the card center; loading a receiving terminal module onto a consumption terminal, carrying out the two-way communication between the receiving terminal module and a front communication treatment center and submitting the information of the card zone codes treated by an acquiring bank merchant into the receiving terminal module by utilizing the front communication treatment center; and settling the transactions of different issuing banks according to different card zone codes and transferring and paying the fund according to a settlement result. The multi-card multi-acquiring-bank payment and settlement method and system of the invention can support multi-card-type transaction treatment with a uniform settlement platform, support the acquiring of multi-acquiring-bank merchants and provide merchants using different types of cards with consumption and settlement services in a plurality of contacted acquiring banks.

Description

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Claims

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Application Information

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Owner HAINAN XINSHENG INFORMATION TECH
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