Safe closed loop payment system and method

Abstract

The invention relates to a safe closed loop payment system and a safe closed loop payment method. The safe closed loop payment system comprises a user terminal (100), a bank card issuer background (101), a payment terminal (102) and a networking mechanism system (103). The user terminal (100), the bank card issuer background (101), the payment terminal (102) and the networking mechanism system (103) form a closed loop structure. By the safe closed loop payment system and the safe closed loop payment method, the safety and the flexibility of payment can be improved.

Description

technical field [0001] The present invention relates to a payment system and method, in particular to a secure closed-loop payment system and method. Background technique [0002] With the development of banking network service systems, bank cards such as various debit cards and credit cards have been more and more widely used in consumers' daily consumption transactions. Consumers do not need to carry a large amount of cash when traveling, and only need to use bank cards to make consumption settlements at consumption places where bank terminals (POS machines) are installed. This provides great convenience for consumption. [0003] However, consumers also have certain security risks when they use bank cards to make consumption settlements on bank terminals. For example, consumers may have bank card account numbers and passwords stolen during consumption. On the other hand, when using a bank card for consumption, it is necessary to carry the bank card for travel. Moreover, ...

AI Technical Summary

Problems solved by technology

However, this method has higher requirements on the mobile phone, which must be a higher version of the smart phone

This also hinders the promotion of mobile payment consumption methods

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