Looking for breakthrough ideas for innovation challenges? Try Patsnap Eureka!

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
View PDF3 Cites 14 Cited by
  • 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

the structure of the environmentally friendly knitted fabric provided by the present invention; figure 2 Flow chart of the yarn wrapping machine for environmentally friendly knitted fabrics and storage devices; image 3 Is the parameter map of the yarn covering machine
View more

Image

Smart Image Click on the blue labels to locate them in the text.
Viewing Examples
Smart Image
  • 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

Examples

Experimental program
Comparison scheme
Effect test

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...

the structure of the environmentally friendly knitted fabric provided by the present invention; figure 2 Flow chart of the yarn wrapping machine for environmentally friendly knitted fabrics and storage devices; image 3 Is the parameter map of the yarn covering machine
Login to View More

PUM

No PUM Login to View More

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

the structure of the environmentally friendly knitted fabric provided by the present invention; figure 2 Flow chart of the yarn wrapping machine for environmentally friendly knitted fabrics and storage devices; image 3 Is the parameter map of the yarn covering machine
Login to View More

Claims

the structure of the environmentally friendly knitted fabric provided by the present invention; figure 2 Flow chart of the yarn wrapping machine for environmentally friendly knitted fabrics and storage devices; image 3 Is the parameter map of the yarn covering machine
Login to View More

Application Information

Patent Timeline
no application Login to View More
Owner HAINAN XINSHENG INFORMATION TECH
Who we serve
  • R&D Engineer
  • R&D Manager
  • IP Professional
Why Patsnap Eureka
  • Industry Leading Data Capabilities
  • Powerful AI technology
  • Patent DNA Extraction
Social media
Patsnap Eureka Blog
Learn More
PatSnap group products

Browse by: Latest US Patents, China's latest patents, Technical Efficacy Thesaurus, Application Domain, Technology Topic, Popular Technical Reports.

© 2024 PatSnap. All rights reserved.Legal|Privacy policy|Modern Slavery Act Transparency Statement|Sitemap|About US| Contact US: help@patsnap.com