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Remote payment method and system

A remote, subsystem technology, applied in payment architecture, complete banking system, complete banking system, etc., can solve problems such as inapplicability

Inactive Publication Date: 2004-10-20
ICOM MOBILE
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  • Summary
  • Abstract
  • Description
  • Claims
  • Application Information

AI Technical Summary

Problems solved by technology

Therefore, this system is not a mobile payment system and, moreover, does not work without an active Internet connection

Method used

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  • Remote payment method and system

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Embodiment Construction

[0042] The following description enables any person of ordinary skill in the art to make and use the invention, and is presented in the context of a particular application and its requirements. Various modifications to the appended embodiments will be readily apparent to those skilled in the art, and the general principles defined herein may be applied to other embodiments and embodiments without departing from the spirit and scope of the invention. in application.

[0043] Methods and systems according to the present invention provide secure remote payment processing utilizing an integrated interactive system for funds transfer and management between one or more accounts. Such transfers are effected using a remote communication device such as a mobile phone in operation to a server such as a payment server.

[0044] The ICOM Remote Payment System (herein "ICOM") servers work with server providers that provide customers with the flexibility to securely and efficiently manage ...

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PUM

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Abstract

A computer-based method and system for effecting a remote payment transaction involving the use of a mobile communications device. Using the described system and the communications device, a customer (102) may electronically purchase goods or services from a merchant (104), remit payments, track loyalty bonuses and effect enhanced personal financial account management with less effort, increased convenience and user-authorized security features for account access and manipulation. Using a mobile communications device, the customer instructs (120) the remote payment system to provide funds to the merchant, where the funds are transferred (121) from a customer account to a merchant account, and the merchant notified (122). If desired, the system automatically manages the value of these accounts by interacting with external financial accounts, such as bank accounts. The system also monitors transaction frequency and average account value to calculate a bonus to reward the customer's loyalty.

Description

technical field [0001] The present invention relates to the general field of payment processing, and in particular to a method and system for remote payment processing among individuals, businesses or combinations thereof using mobile communication technology. Background technique [0002] Historically, consumers have conducted financial transactions using face-to-face or other kinds of non-electronic channels. Except when a payer, such as a customer, physically transfers these funds to a payee, such as a merchant, using non-electronic transaction channels, including notes and coins, is done anonymously. Also, if notes or currency are lost, these funds generally cannot be replaced. Alternatively, the use of bank-issued checks can save the payer from loss, and such checks can be presented as payment to the remote party. However, because checks are a paper-based system, they must be physically administered through the recipient's bank, usually at a cost to the customer's acc...

Claims

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Application Information

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IPC IPC(8): G06Q20/04G06Q20/12G06Q20/32G06Q20/36
CPCG06Q20/32G06Q20/3223G06Q20/04G06Q20/12G06Q20/322G06Q20/3674
Inventor 阿奇泽·拉科夫
Owner ICOM MOBILE
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