SI23818A - Non-cash money transfer procedure using a payment code - Google Patents

Abstract

The invention discloses a method of cashless transfer of funds by means of a payment code which comprises a method of purchasing a payment code executed by the user and a process of clearing the payment code by the recipient where the purchase process and the recapture process can be independently from each other at the ATM, via online banking, telephone banking, POS terminal, bank account or SMS / MMS messages. Prior to the execution of the process, the user and the recipient shall only be identified by means of a bank card and the corresponding PIN number, with the bank account number and personal password, or the mobile number of the request from which the request is sent for identification.

Description

The process of cashless transfer of funds using a payment code

FIELD OF THE INVENTION

The present invention relates to the field of payment systems, more specifically to the field of cashless payment systems and procedures for conducting cashless money transfers.

BACKGROUND OF THE INVENTION

Various procedures are well known in the art which allow users to cashless, ie electronically transfer funds from their bank account to the bank account of the recipient of funds.

Such electronic money transfer operations may be performed by telephone, computer connected to the global computer network, POS terminals, ATMs and the like.

In order to carry out any such procedure, certain conditions must be fulfilled. The user must have a bank account with one of the banks, have an agreement with the cashless service provider (telephone banking, electronic banking), where he obtains the necessary identification information, credentials and the like, and of course he must also have a proper good hold in his bank account .

When opening a bank account, the user must identify himself and make available to the bank a number of personal information, such as name, surname, birth details, personal and tax number, residence address, education, employment, etc.

If the user also wants to do business via SMS, he must also provide the bank with his mobile phone number.

Once a user has opened a bank account and entered into an agreement with an electronic banking and / or telephone banking provider and provided the appropriate credit to his or her bank account, he / she may start using cashless banking procedures.

Prior to each use, the user must identify himself or herself when making a payment through a POS terminal or withdrawing cash from an ATM using a well-known PIN number used to identify payment and credit card holders.

When using telephone banking, the user must identify the bank account number and, for example, two randomly selected characters from a personal password, usually containing at least 8 alphanumeric characters, for identification.

When using such procedures from a PC, which must have a secure internet connection, the user must have a personal certificate, which can be loaded on a smart card or USB key and additionally presented with his PIN number. In this case, the user prepares the tasks on his computer and, upon prior identification, exports them to the dislocated banking system.

Knowledge is also a system where a user who has a suitable random number generator logs into the online banking system via the Internet, where he is presented with a personal password and access code generated by his random number generator. Such code has a limited, relatively short duration and is only applicable once.

A common disadvantage of all existing systems in the state of the art is that it does not allow the payment of money remotely, or payment in non-cash form, or is related to filling in forms, disclosure of personal information of the payer or payee and the like.

BRIEF DESCRIPTION OF THE INVENTION

The present invention solves the described technical problem by introducing a system, which is described in detail below and explained by means of the accompanying drawings.

The present invention envisages the introduction of a payment processing and verification center, which can involve natural persons (users), all financial institutions, ie banks, post offices, payment houses, including ATM system, POS system, e-banking system, telephone system. banking, credit and debit card systems, as well as online stores and the like.

The user, thus the client of the bank, concludes an agreement with the bank on the use of the services of the Payment Processing and Verification Center, similar to the one concluded for example on electronic banking.

The cashless cash transfer process of the present invention essentially comprises a payment code purchase process and a payment code redeeming process, where both operations proceed in certain steps, subject to certain conditions.

Interpretation of certain terms

The term "value of available funds" in the present patent application means: the sum of the value of the credit in the user's account and the limit available.

The term "user" in the present patent application means the person who purchases the payment code.

The term "recipient", in the present patent application, means the person who redeems the payment code received from the user.

The term "generate payment code" in the present patent application means to generate a payment code using a random number generator.

A brief description of the attached pictures

The present invention is described below with the help of the accompanying drawings, which schematically show the following:

Figure 1: Essential Scope of the Invention

Figure 2: Payment code purchase - ATM

Figure 3: Payment code overnight - ATM

Figure 4: Purchase of payment code - POS terminal

Figure 5:

Payment Code Realization - POS terminal

Figure 6:

Figure 7:

Figure 8:

Figure 9:

purchase of a payment code - electronic banking redeeming a payment code - electronic banking purchase of a payment code - telephone banking redeeming a payment code - telephone banking

Figure 10: Purchasing a payment code - bank window

Figure 11: Payment code redemption - bank window

Figure 12: Payment code purchase - SMS / MMS message

Figure 13: Payment code redemption - SMS / MMS message

DETAILED DESCRIPTION OF THE INVENTION

The advantage of the system of the present invention is that both the user and the recipient of the money do not need any other identifying information (eg bank card and PIN number), while the user does not need the recipient's bank account information.

Purchase a payment code at an ATM

A user who wants to send money remotely approaches an ATM, deposits his / her bank card and identifies himself / herself with his / her PIN number and on the screen selects an option, purchase a payment code, in the next step, confirm the method of debiting his / her account, such as "direct debit" or "cash deposit".

In the case of a direct debit, the user then enters the desired value of X, which may not exceed the value of the available funds Y in his account.

If the "cash deposit" is selected, the user deposits cash in the ATM and then enters the desired value, which may not exceed the sum of the available funds in his account before the cash deposit and the deposited cash.

The ATM connects to the Payment Processing and Verification Center, which verifies the information received, generates a payment code and reports it to the ATM.

The ATM machine prints the payment code and the user receives a payment card slip.

The payment code is preferably a set of 16 numeric characters, which are separated into four groups of four characters each. On the receipt the user receives, the payment code can be displayed only as a set of numbers, or above it can also be displayed in the form of a bar code, which enables machine code reading.

If the ATM is not equipped with a printer, the ATM will offer the user a choice of how to communicate the code, e.g. SMS / MMS or email.

The user communicates the payment code to the person who wants to send the money, ie to the recipient.

Redeem payment code at ATM

The payee approaches the ATM, submits his / her bank card and identifies with his / her PIN number, selects the option of entering the payment code on the screen, and enters the payment code using the keypad.

The ATM connects to the Payment Processing and Verification Center, which verifies the received payment code and confirms its authenticity to the ATM or rejects it as incorrect.

In a typical embodiment of the present invention, the recipient may re-enter this in the case of an incorrect payment code, but after a third unsuccessful attempt, the ATM will reject the entry and terminate the operation.

If the payment code is correct, the recipient on the screen selects "cash withdrawal" or "posting to the account" and the ATM pays the cash to the user, or transfers the amount to the recipient's bank account.

Purchase of payment code at POS terminal

The user approaches the cashier equipped with the POS terminal and tells the cashier that he wants to buy a payment code and tells him the value of the payment code X, then inserts his bank card in the POS terminal and identifies himself with his PIN number. The POS terminal connects to the Payment Processing and Verification Center, which verifies the information received. In case the data is correct, that is, the PIN says and gives sufficient funds in the account Y, the payment processing and verification center generates a payment code and sends it to the POS terminal, which prints out the payment code and hands the payer with a payment code where it is displayed. just a set of numbers, or a bar code above it.

The same procedure is, of course, also possible at automatic cash registers, which are already widespread today, where the user communicates with the cashier via the screen.

Redeem payment code at POS terminal

The recipient approaches a cashier equipped with a POS terminal and tells the cashier that he or she wants to redeem the payment code, in whole or in part, by depositing his or her bank card in the POS terminal and identifying himself with his PIN number. The cashier at the POS terminal selects the option of entering the payment code and overwrites the payment code; in case the payment code is also displayed as a bar code, it scans it. The POS terminal connects with the Payment Processing and Verification Center, which verifies the received information and confirms it, and informs the cashier of the value of the payment code, or rejects it as false.

If the recipient wishes to redeem the payment code in full if, for example, the value of the purchase is greater than or equal to the value of the payment code, the cashier takes the value of the payment code into the account and debits for example the card with which the recipient has identified or another payee card, or the payee settles the balance of the purchase in cash.

In case the recipient wants to redeem the payment code partially, for example, if the value of the purchase is less than the value of the payment code, the cashier at the POS terminal selects the option "partial redeeming of the payment code" and enters the amount for which the payment code value should be reduced in the POS terminal . The POS terminal connects to the Payment Processing and Verification Center, which processes the received data and reduces the value accordingly, and communicates it to the POS terminal. The recipient records the new value of the payment code and can use it the next time it is used in the same way as described above.

Another possibility which, when partially redeeming the payment code of the present invention, provides for the POS terminal to connect to the payment processing and verification center, which processes the received data and generates a new payment code and communicates it to the POS terminal that prints the new payment code, the cashier and a user is handed a slip with a new payment code.

Purchase a payment code using electronic banking

The user enters the online bank where he identifies himself with his PIN number and on the screen selects the option, purchase a payment code and enter the desired value X, which must not exceed the value of the available funds in his Y account.

The online bank connects with the Payment Processing and Verification Center, which verifies the information received, generates a payment code and communicates it to you.

The online bank sends the payment code to the user in the chosen way, which can be displayed directly to the user on the screen for the user to print, can be sent by SMS or MMS in the user's mobile phone or as e-mail.

Redeem payment code through electronic banking

The recipient enters the online bank, where he identifies himself with his PIN number and selects the option of entering the payment code on the screen and enters it with the help of a keyboard or scans it if the payment code also has a barcode format.

The Bank connects to the Payment Processing and Verification Center, which verifies the payment code received and authenticates or denies it to the bank.

In case the payment code is the correct online bank, the payee's balance is increased by the amount of the payment code in the account.

Purchase a payment code using telephone banking

The user dials the telephone number of the bank with which he or she has a telephone banking agreement, for example by identifying himself with his account number and two randomly selected characters of his personal password. After successful identification, the user tells the operator that he wants to purchase a payment code and tells him the desired value of X, which may not exceed the value of the available funds in his Y account.

On the basis of a given request, the operator initiates the connection of the bank to the payment processing and verification center, which verifies the received information, generates a payment code and reports it to the bank. The operator can either send the payment code to the user by telephone or send it to him in the chosen manner, for example, by electronic SMS or MMS to the user's mobile phone, as e-mail or fax.

Payment code redeeming via telephone banking

The recipient calls the telephone number of the bank with which he or she has a telephone banking agreement, for example, identifying himself with his account number and two randomly selected characters of his personal password. After successful identification, the user tells the operator that he wants to redeem the payment code and informs the payment code.

On the basis of this request, the operator initiates the connection of the bank to the payment processing and verification center, which verifies the received payment code and confirms its authenticity to the bank or rejects it as false.

If the payment code is the correct bank, the payee's balance is increased by the amount of the payment code in the account.

Purchase a payment code at a bank window

The user approaches the bank window, gives the bank employee their card, such as a payment card, and identifies with their PIN number. After successfully completing the identification, the user tells the bank employee that he / she wants to purchase a payment code and tells him / her the desired X value, which must not exceed the value of the available funds in his / her Y account.

On the basis of the request, the bank employee initiates the connection of the bank to the payment processing and verification center, which verifies the received information, generates a payment code and reports it to the bank.

The employee prints the payment code and hands it to the user.

Redeem your payment code at the bank window

The recipient approaches the bank window, gives the bank employee their card, such as a payment card, and identifies with their PIN number. After successfully completing the identification, the user tells the bank employee that he wants to redeem the payment code and hand over the payment code to him in any way, namely, the payment code can be in the form of an extract issued by an ATM, it can be a picture on a mobile phone, a fax printout or it can be handwritten on a piece of paper.

The employee enters the payment code into the system with the help of a keyboard, or in case it is written in the form of a bar code, scans it. On the basis of the request, the bank employee initiates the connection of the bank with the payment processing and verification center, which verifies the received payment code and confirms its authenticity to the bank or rejects it as false.

In case the payment code is correct, the bank increases the balance on its account by the amount of the payment code value to the recipient.

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Purchase a payment code via SMS

The user sends an SMS message "Purchase payment code" and its X value from his mobile phone to the bank's phone number, for example: "Purchase payment code 120,00 EUR".

The bank contacts the Payment Processing and Verification Center, which verifies and confirms or rejects the phone number from which the message was received.

If the mobile number is verified, the bank checks the balance on the user's account and if the balance on the Y account is greater than the value of the X code, it sends the payment code to the user with a return SMS message.

In case the balance of Y in the account is less than the value of the code X, it informs the user with the return SMS message "the amount requested is too high".

Redeem payment code via SMS

The recipient sends a text message "Payment code" and a payment code xxx to their bank phone number, for example: "Payment code 1234 5678 9012 3456".

The bank contacts the Payment Processing and Verification Center, which first checks the phone number from which the message was received and confirms it or rejects it as incorrect.

If the telephone number is correct, the center checks the authenticity and value of the payment code, confirms it and reports the amount of the code to the bank, or rejects it as wrong.

If the center confirms the payment code, the bank will credit the amount of the payment code to the user's account and return an SMS message, "Payment code redeemed" and an amount X, for example "Payment code redeemed 120,00 EUR".

The last two embodiments describe the operation of SMS messages, but of course the same procedure is possible with the help of MMS messages where the code can be written in the form of numbers or in the form of a bar code.

• »· · •«

When dealing with mobile phones, abuse can occur quickly, namely in case of loss of the phone or SIM card and the like. Therefore, the present invention provides, as an additional option for such business, a limitation on the maximum amount of code purchase and / or a limit on the sum of payment codes purchased over a period of time.

For example: the maximum amount of a payment code via SMS / MMS is € 120.00, and the maximum allowed sum of payment codes purchased in the current month is € 350.00.

This option can be selected by the user when concluding a contract with a bank.

The payment code can also be arbitrarily long and consist of any set of alphanumeric characters. In a preferred embodiment, the payment code is a set of 16 alphanumeric characters, preferably numbers divided into four groups of four characters, and is displayed as a record of numbers above which is a corresponding bar code that allows machine reading of the bar code.

The present invention is described by way of embodiments and the accompanying drawings, which in no way limit it, but serve only as examples of use and implementation of the invention.

It will be readily apparent to those skilled in the art that various uses and embodiments of the present invention are possible, but are encompassed by the present patent application.

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Claims (8)

Patent claims 1. Cashless cash transfer method, characterized in that it comprises a payment code purchase process and a payment code redemption process, wherein the payment code is a series of alphanumeric characters, preferably a set of 16 numeric characters, divided into four groups of four characters generated by the generator random numbers for the Payment Verification and Verification Center. The method of claim 1, characterized in that said payment code purchase process comprises the following steps: identification of the user, selection of the option "purchase payment code", entry of the value of the payment code X, checking the adequacy of available funds in the user's account Y, in case of sufficient funds, generating and displaying the code. Method according to claim 1, characterized in that said payment code redemption process comprises the following steps: identification of the payee, choosing the option of "redeeming a payment code", entering a payment code, verifying the correctness of the payment code, in case of a correct payment code, attributing the value of the payment code to the payee's account or paying cash. Method according to claim 2, characterized in that said step of checking the adequacy of available funds in the user's account is through a payment verification and verification center. Method according to claim 3, characterized in that said step of verifying the correctness of the payment code is carried out through the center for payment verification and verification. Method according to claim 5, characterized in that the payee code is partially redeemed by the payee and the payment verification and verification center decreases the value of the payment code accordingly. Method according to any of the preceding claims, characterized in that the user can carry out the process of purchasing a payment code and that the recipient can perform the process of redeeming a payment code independently of each other: \ at an ATM, \ via online banking, via telephone banking , through a POS terminal, - at the bank window, by SMS or MMS. 8. A process for identifying a user or payee in the process of purchasing and / or redeeming a payment code according to any preceding claim, characterized in that the user or recipient, according to the method of purchase or redeeming the payment code, needs the following for identification: - at the ATM, the recipient and the user need only the bank card and the corresponding PIN for identification, using online banking, the recipient and the user for identification only need the appropriate PIN, with the help of telephone banking, the recipient and the user need only the account number on his personal password , with the help of POS terminal, the recipient and the user need only a bank card and the corresponding PIN for identification, • · at the bank box, the recipient and the user for identification need only the bank card and the corresponding PIN, by SMS or MMS, to identify the recipient and the user it is sufficient for the mobile phone number from which the request for the purchase or redemption of the payment code is sent.