Smart device-based payment platform system and payment method

Abstract

The invention provides a payment platform system and payment method based on an intelligent device. The mPOS cost and the transaction communication cost are reduced through cooperation between the intelligent device and an externally-connected mPOS and with the help of the powerful processing capacity, a good user interface and the remote communication capacity of the intelligent device and the safety payment capacity of the commercial mPOS; further, due to the fact that application of an electronic signature is combined, the transaction printing cost is reduced; due to the function design of terminal master key remote downloading and APP remote updating, the operation and maintenance cost is reduced; a mobile payment solution which integrates business management application and electronic payment application, integrates information flow and fund flow, and is low in cost and safe is provided for commercial tenants.

Description

technical field [0001] The invention relates to the field of payment based on smart devices, in particular to a payment platform system and payment method based on smart devices. Background technique [0002] Traditional POS terminals have the following problems during use: [0003] 1) High terminal cost [0004] Traditional POS terminals need to be equipped with communication modules and printing modules, and the terminal cost is relatively high. [0005] 2) High transaction costs [0006] Traditional POS generally uses PSTN, GPRS, CDMA and other networking methods to connect with the acquiring system for transactions, and each transaction will generate communication fees. To complete the transaction, it is necessary to print a paper transaction receipt, which increases the investment in printing consumables. [0007] 3) High operation and maintenance costs [0008] When upgrading the traditional POS terminal application program, it is necessary to manually go to the t...

AI Technical Summary

Problems solved by technology

[0003] 1) High terminal cost

[0004] Traditional POS terminals need to be equipped with communication modules and printing modules, and the terminal cost is relatively high

[0005] 2) High transaction costs

After the transaction is completed, it is necessary to print a paper transaction receipt, which increases the investment in printing consumables

[0007] 3) High operation and maintenance costs

[0008] When upgrading the traditional POS terminal application program, it is necessary to manually go to the terminal deployment point to upgrade one by one or build a TMS terminal management system for remote upgrade. The terminal master key is manually injected, and the operation and maintenance cost is high.

[0009] 4) The application function is single and the homogeneity is serious

[0010] Restricted by the terminal hardware (especially the display screen) and the underlying system, the traditional POS is just a simple payment tool, and the terminal application functions are seriously homogeneous, and there is no communication with the merchant business management system (such as insurance marketing exhibition system, logistics management system, etc.) Poor integration or compatibility, easy to be replaced by POS terminals of other acquiring institutions, low merchant viscosity, not conducive to the expansion of new merchants and the maintenance of existing merchants

[0011] To sum up, due to the high terminal costs, high transaction costs, and high operation and maintenance costs of traditional POS, acquiring institutions are often more willing to deploy POS terminals in large and medium-sized high-quality merchants that can bring better returns

Due to the serious homogeneity of POS terminals, which are not integrated with the business management system, they are very easy to be replaced. In order to snatch a limited number of high-quality merchants, acquiring institutions often engage in price wars in terms of acquiring fee rates.

On the other hand, it is difficult for a large number of small and micro merchants to apply for POS terminals, which affects the expansion of bank card acceptance channels in small and micro merchants. A large number of small and micro merchants cannot accept bank cards for payment and settlement, which in turn affects cardholders. card positivity

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