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System and method for facilitating transactions

A transaction and transaction-type technology, applied in debit schemes, data processing applications, payment architectures, etc., can solve problems such as increased delays and delays

Inactive Publication Date: 2016-01-27
EINNOVATIONS HLDG
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  • Summary
  • Abstract
  • Description
  • Claims
  • Application Information

AI Technical Summary

Problems solved by technology

The call and SMS reloads are especially problematic if the user does not have enough credit to make a call or send an SMS
Likewise, the portal requires the user to be able to access the Internet, so the transition from "notified of insufficient credit" to "reloading" may be significantly different during periods when the user is unable to access the network and in some cases receive incoming calls. Delay
This delay is further exacerbated when the user's home network takes some time to register credit updates; there may be further delays as credit changes are communicated all the way back to the host network

Method used

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  • System and method for facilitating transactions
  • System and method for facilitating transactions
  • System and method for facilitating transactions

Examples

Experimental program
Comparison scheme
Effect test

example 1

[0065] Example 1: AcctPIF12345678901PHLPIF12345678901SSSPIF12345678901 or

[0066] You can also register an account by simply sending "AcctPIF"

example 2

[0067] Example 2: AcctPIF12345678901

[0068] REF#

[0069] In the case of a rejection notification, the system would remind the user to try again for an error in the SMS, for example, for invalid syntax, the system might reply:

[0070] Example syntax:

[0071] MMMDDHH:MM

[0072] Please try again. Send the following message to 8888

[0073] "Reg : "

[0074] Example: RegSherwinAnanaDiamante082180REF#12345678 In the example of an invalid keyword, the system might reply:

[0075] MMMDDHH:MM

[0076] See below for a list of valid keywords:

[0077] Reg, Acct, Lock, Unlock, Info, Bal, Pay, History,

[0078] Help, HelpReg, HelpAcct, HelpLock, HelpPay, HelpHistoryREF#

[0079] If the account is unavailable for some reason, the system may reply:

[0080] Bayard stored value accounts cannot be edited:

[0081] MMMDDHH:MM

[0082] Bayard stored value accounts cannot be edited

[0083] REF#

[0084] 3131 access code

[0085] ...

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Abstract

A system or method for facilitating transaction comprising a host network comprising at least one subscriber account, the at least one subscriber account having: a first electronic wallet for performing specific transactions with a selected institution; a second electronic wallet for performing other types of transactions; and a settlement facility coupled to the host network for performing the transactions, the settlement facility operable to settle and reconcile the transactions, the settlement facility further comprises at least one processor which, on receipt of a request for transaction, determine the type of transaction and debit from the first or second electronic wallet.

Description

[0001] Cross References to Related Applications [0002] This application claims priority from Singapore Patent Application No. 201304593-5; the entire contents of which are incorporated herein by reference. technical field [0003] The present invention relates to a system and method for facilitating transactions. In particular, but not exclusively, the present invention relates to facilitating government-related transactions. Background technique [0004] Most mobile communication systems currently use two charging modes: post-paid and pre-paid. Most postpaid mobile phone services are provided through a contract between the user and the service provider. In postpaid mode, users are billed at the end of each billing cycle based on their usage level. [0005] In prepaid mode, users typically purchase a handset with a set number of network credits. Users are then free to access the network until they run out of credit. Users can add more credit to the prepaid account at ...

Claims

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Application Information

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Patent Type & Authority Applications(China)
IPC IPC(8): G06Q20/16G06Q20/32G06Q20/10
CPCG06Q20/102G06Q20/16G06Q20/3255G06Q20/227G06Q20/26G06Q20/363
Inventor O·韦亚B·费尔南德斯A·比利亚努埃瓦A·D·伊巴斯克S·迪亚曼特G·加瓦
Owner EINNOVATIONS HLDG