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IN2013MU00927A - - Google Patents

Info

Publication number
IN2013MU00927A
IN2013MU00927A IN927MU2013A IN2013MU00927A IN 2013MU00927 A IN2013MU00927 A IN 2013MU00927A IN 927MU2013 A IN927MU2013 A IN 927MU2013A IN 2013MU00927 A IN2013MU00927 A IN 2013MU00927A
Authority
IN
India
Prior art keywords
payor
payee
transaction
financial
instrument
Prior art date
Application number
Inventor
Annie Thomas
Shalin Garg
Sathish Vallat
Original Assignee
Tata Consultancy Services Ltd
Priority date (The priority date is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the date listed.)
Filing date
Publication date
Application filed by Tata Consultancy Services Ltd filed Critical Tata Consultancy Services Ltd
Priority to IN927MU2013 priority Critical patent/IN2013MU00927A/en
Priority to US14/200,482 priority patent/US9547960B2/en
Priority to MYPI2014700568A priority patent/MY171993A/en
Publication of IN2013MU00927A publication Critical patent/IN2013MU00927A/en
Priority to US15/367,918 priority patent/US10713650B2/en

Links

Classifications

    • G—PHYSICS
    • G06—COMPUTING OR CALCULATING; COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/30—Payment architectures, schemes or protocols characterised by the use of specific devices or networks
    • G06Q20/34—Payment architectures, schemes or protocols characterised by the use of specific devices or networks using cards, e.g. integrated circuit [IC] cards or magnetic cards
    • G06Q20/356—Aspects of software for card payments
    • G06Q20/3563—Software being resident on card
    • G—PHYSICS
    • G06—COMPUTING OR CALCULATING; COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/38—Payment protocols; Details thereof
    • G06Q20/40—Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
    • G06Q20/401—Transaction verification
    • G06Q20/4014—Identity check for transactions
    • G06Q20/40145—Biometric identity checks
    • G—PHYSICS
    • G06—COMPUTING OR CALCULATING; COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/30—Payment architectures, schemes or protocols characterised by the use of specific devices or networks
    • G06Q20/34—Payment architectures, schemes or protocols characterised by the use of specific devices or networks using cards, e.g. integrated circuit [IC] cards or magnetic cards
    • G06Q20/341—Active cards, i.e. cards including their own processing means, e.g. including an IC or chip
    • G—PHYSICS
    • G07—CHECKING-DEVICES
    • G07F—COIN-FREED OR LIKE APPARATUS
    • G07F19/00—Complete banking systems; Coded card-freed arrangements adapted for dispensing or receiving monies or the like and posting such transactions to existing accounts, e.g. automatic teller machines
    • G07F19/20—Automatic teller machines [ATMs]
    • G—PHYSICS
    • G07—CHECKING-DEVICES
    • G07F—COIN-FREED OR LIKE APPARATUS
    • G07F19/00—Complete banking systems; Coded card-freed arrangements adapted for dispensing or receiving monies or the like and posting such transactions to existing accounts, e.g. automatic teller machines
    • G07F19/20—Automatic teller machines [ATMs]
    • G07F19/204—Loading of a stored value token using an ATM
    • G—PHYSICS
    • G07—CHECKING-DEVICES
    • G07F—COIN-FREED OR LIKE APPARATUS
    • G07F7/00—Mechanisms actuated by objects other than coins to free or to actuate vending, hiring, coin or paper currency dispensing or refunding apparatus
    • G07F7/08—Mechanisms actuated by objects other than coins to free or to actuate vending, hiring, coin or paper currency dispensing or refunding apparatus by coded identity card or credit card or other personal identification means
    • G07F7/0806—Details of the card
    • G07F7/0833—Card having specific functional components
    • G—PHYSICS
    • G07—CHECKING-DEVICES
    • G07F—COIN-FREED OR LIKE APPARATUS
    • G07F7/00—Mechanisms actuated by objects other than coins to free or to actuate vending, hiring, coin or paper currency dispensing or refunding apparatus
    • G07F7/08—Mechanisms actuated by objects other than coins to free or to actuate vending, hiring, coin or paper currency dispensing or refunding apparatus by coded identity card or credit card or other personal identification means
    • G07F7/0806—Details of the card
    • G07F7/0846—On-card display means

Landscapes

  • Business, Economics & Management (AREA)
  • Physics & Mathematics (AREA)
  • General Physics & Mathematics (AREA)
  • Engineering & Computer Science (AREA)
  • Accounting & Taxation (AREA)
  • Finance (AREA)
  • Strategic Management (AREA)
  • General Business, Economics & Management (AREA)
  • Theoretical Computer Science (AREA)
  • Microelectronics & Electronic Packaging (AREA)
  • Computer Networks & Wireless Communication (AREA)
  • Computer Security & Cryptography (AREA)
  • Financial Or Insurance-Related Operations Such As Payment And Settlement (AREA)
  • Development Economics (AREA)
  • Economics (AREA)
  • Marketing (AREA)
  • Technology Law (AREA)

Abstract

The present invention relates to a reusable physical financial instrument and a system and a method for enabling the financial instrument to perform multiple financial transactions. The financial instrument is capable of creating mixed reality experience when it comes in vicinity of the payor or payee device or ATM. Through the created mixed reality experience, the payor and the payee inputs payor-side and payee-side transaction and biometric data which are stored onto smart chip of the instrument and/or on Cloud Storage using cloud computing interface. The stored payor-side and payee-side transaction data are cross-validated and their biometric data is further verified against golden copy at the respective financial institutions or at the Central Authority’s repositories for performing the financial transaction. Upon completing the transaction, the payor-side and the payee-side data is erased, deleted or invalidated from the smart chip, thus making the financial instrument reusable for performing another transaction.
IN927MU2013 2013-03-20 2013-03-20 IN2013MU00927A (en)

Priority Applications (4)

Application Number Priority Date Filing Date Title
IN927MU2013 IN2013MU00927A (en) 2013-03-20 2013-03-20
US14/200,482 US9547960B2 (en) 2013-03-20 2014-03-07 System, method, article of manufacture of mixed reality based, biometrically signed reusable physical financial instrument
MYPI2014700568A MY171993A (en) 2013-03-20 2014-03-10 System, method, article of manufacture of mixed reality based, biometrically signed reusable physical financial instrument
US15/367,918 US10713650B2 (en) 2013-03-20 2016-12-02 System, method, article of manufacture of mixed reality based, biometrically signed reusable physical financial instrument

Applications Claiming Priority (1)

Application Number Priority Date Filing Date Title
IN927MU2013 IN2013MU00927A (en) 2013-03-20 2013-03-20

Publications (1)

Publication Number Publication Date
IN2013MU00927A true IN2013MU00927A (en) 2015-05-08

Family

ID=51569863

Family Applications (1)

Application Number Title Priority Date Filing Date
IN927MU2013 IN2013MU00927A (en) 2013-03-20 2013-03-20

Country Status (3)

Country Link
US (2) US9547960B2 (en)
IN (1) IN2013MU00927A (en)
MY (1) MY171993A (en)

Families Citing this family (9)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
AP3678A (en) * 2011-04-11 2016-04-16 Visa Int Service Ass Interoperable financial transactions via mobile devices
US9846996B1 (en) 2014-02-03 2017-12-19 Wells Fargo Bank, N.A. Systems and methods for automated teller machine repair
CN108390892B (en) * 2018-03-31 2020-10-09 深圳忆联信息系统有限公司 Control method and device for security access of remote storage system
US10768951B2 (en) 2018-08-29 2020-09-08 Bank Of America Corporation Providing augmented reality user interfaces and controlling automated systems based on user activity information and pre-staging information
US11120496B2 (en) 2018-09-06 2021-09-14 Bank Of America Corporation Providing augmented reality user interfaces and controlling back-office data processing systems based on augmented reality events
US10916105B2 (en) 2018-09-06 2021-02-09 Bank Of America Corporation Processing system for providing enhanced reality interfaces at an automated teller machine (ATM) terminal platform
US10462425B1 (en) 2018-09-07 2019-10-29 Bank Of America Corporation Processing system for providing a teller assistant experience using enhanced reality interfaces
US10755250B2 (en) 2018-09-07 2020-08-25 Bank Of America Corporation Processing system for providing a teller assistant experience using enhanced reality interfaces
US20240037544A1 (en) * 2022-07-29 2024-02-01 Ncr Corporation Cloud-based transaction processing

Family Cites Families (16)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US7353988B1 (en) 1998-04-17 2008-04-08 Diebold Self-Service Systems Division Of Diebold, Incorporated Financial check with an electronic ink display
US7451917B2 (en) * 2002-01-11 2008-11-18 Hand Held Products, Inc. Transaction terminal comprising imaging module
US20050192895A1 (en) * 2004-02-10 2005-09-01 First Data Corporation Methods and systems for processing transactions
US7562813B2 (en) 2006-05-10 2009-07-21 First Data Corporation System and method for activating telephone-based payment instrument
EP2201543A1 (en) * 2007-09-21 2010-06-30 Wireless Dynamics, Inc. Wireless smart card and integrated personal area network, near field communication and contactless payment system
US20120150600A1 (en) * 2010-12-14 2012-06-14 Moneyhoney Llc System and method for confirming application of a gift to a transaction
JP2012515380A (en) * 2009-01-12 2012-07-05 ベター エーティーエム サービシズ，インク． System and method for managing account consolidation
US8645220B2 (en) 2009-08-28 2014-02-04 Homer Tlc, Inc. Method and system for creating an augmented reality experience in connection with a stored value token
US20120078751A1 (en) 2010-09-24 2012-03-29 Macphail William Mobile device point of sale transaction system
US10453062B2 (en) * 2011-03-15 2019-10-22 Capital One Services, Llc Systems and methods for performing person-to-person transactions using active authentication
US20130191279A1 (en) * 2012-01-20 2013-07-25 Bank Of America Corporation Mobile device with rewritable general purpose card
WO2014025738A1 (en) * 2012-08-06 2014-02-13 Better Atm Services, Inc. Transferable-ownership payment instrument and methods of use therefor
US10217107B2 (en) * 2013-05-02 2019-02-26 Gift Card Impressions, LLC Stored value card kiosk system and method
US11120511B2 (en) * 2016-07-26 2021-09-14 Samsung Electronics Co., Ltd. System and method for universal card acceptance
US10891617B2 (en) * 2016-09-30 2021-01-12 Mastercard International Incorporated Systems and methods for biometric identity authentication
US20180189767A1 (en) * 2016-12-29 2018-07-05 Fotonation Limited Systems and methods for utilizing payment card information with a secure biometric processor on a mobile device

Also Published As

Publication number Publication date
US20140289108A1 (en) 2014-09-25
MY171993A (en) 2019-11-11
US9547960B2 (en) 2017-01-17
US20170083905A1 (en) 2017-03-23
US10713650B2 (en) 2020-07-14

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