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Method for facilitating validation of financial transactions made through a wireless communication network

A technology of wireless communication network and financial transaction, which is applied in the field of financial transaction system, and can solve the problem that the payer is not easy

Inactive Publication Date: 2006-09-06
PAYCOOL INT +1
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  • Summary
  • Abstract
  • Description
  • Claims
  • Application Information

AI Technical Summary

Problems solved by technology

In some cases, it is not easy, fast enough, or comfortable for the payer to identify or recognize the payee by account number

Method used

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  • Method for facilitating validation of financial transactions made through a wireless communication network
  • Method for facilitating validation of financial transactions made through a wireless communication network
  • Method for facilitating validation of financial transactions made through a wireless communication network

Examples

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Embodiment Construction

[0020] In patent application PCT / CN02 / 00301, two transaction scenarios and their corresponding processes are described in more detail; these two scenarios are:

[0021] - Case 1: Simple payment

[0022] - Case 2: Payment request

[0023] These two cases represent the most frequently used cases in financial transaction situations.

[0024] The present invention provides additional innovative features and improvements to these processes, which are further described below.

[0025] Case 1: Simple payment

[0026] This scenario is a typical peer-to-peer transaction where a payer "B" sends a payment to a payee "B". Although this may not be frequent, it may happen that in some cases "A" is unwilling to accept a certain amount of money from an unknown payer (in this case "B"). In this case, "A" needs to have the possibility to reject unwanted payments.

[0027] According to the invention, a step is included in the transaction processing wherein the payee "A" is requested to appr...

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PUM

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Abstract

The invention introduces a request for approval sent to the payee, in a Simple Payment scenario, for him / her to accept or reject the transaction. According to the invention a subscriber to the Financial Transaction Service, has the ability to set up Special Lists of Financial Transaction Accounts which are submitted to Particular Rules to be applied when such accounts are involved in transactions with the subscriber's own account. According to the invention such particular rules are checked and implemented by the Transaction Processing Platform and / or by the mobile handset and / or the SIM of said subscriber. According to the invention the said Special Lists are stored in part or integrally in files connected to the Transaction Processing Platform and / or in memory of the mobile handset and or in a memory of the SIM. The Financial Transaction Account number of a subscriber can be read automatically by another subscriber by methods and means which are described in the invention. The validation of a Payment Request that is sent to a Payer for approval is facilitated by the display on his mobile handset of the Payee's name or logo or an easily recognisable sign or an audible message.

Description

technical field [0001] The present invention relates to wireless telecommunications systems, and more particularly to systems enabling financial transactions over wireless communication networks. Background technique [0002] In recent years, digital wireless communication networks (GSM, CDMA) have enjoyed great success and offer users a new range of possibilities. The new generation network (like WCDMA, CDMA2000 or TD-SCDMA) that is being used will be able to provide users with many more features, such as video streaming and so on. Digital mobile phones also have more impressive features, enhanced processing power and memory and can be used for a wide range of applications that go far beyond voice, text communication or data transfer. [0003] Despite all those capabilities of the web or mobile phones, some applications would like to have the ability to make payments over wireless communication networks, of which mobile phones have not yet emerged, and some attempts have p...

Claims

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Application Information

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Patent Type & Authority Applications(China)
IPC IPC(8): G06Q30/00G06Q20/02G06Q20/10G06Q20/22G06Q20/32G06Q20/42G06Q30/06
CPCG06Q20/02G06Q20/102G06Q20/223G06Q20/42G06Q30/06G06Q20/10G06Q20/322G06Q20/32G06Q20/326
Inventor 塞奇·巴特莱米
Owner PAYCOOL INT
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