WO2002001515A3 - Payment process and system for transferring value - Google Patents

Payment process and system for transferring value Download PDF

Info

Publication number
WO2002001515A3
WO2002001515A3 PCT/GB2001/002820 GB0102820W WO0201515A3 WO 2002001515 A3 WO2002001515 A3 WO 2002001515A3 GB 0102820 W GB0102820 W GB 0102820W WO 0201515 A3 WO0201515 A3 WO 0201515A3
Authority
WO
WIPO (PCT)
Prior art keywords
payer
intermediary
payee
value
transferred
Prior art date
Application number
PCT/GB2001/002820
Other languages
French (fr)
Other versions
WO2002001515A2 (en
Inventor
David Barrington Everett
Richard David Barker
Timothy Lloyd Jones
Keith Martin Ferguson
Original Assignee
Purseus Ltd
David Barrington Everett
Richard David Barker
Timothy Lloyd Jones
Keith Martin Ferguson
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 Purseus Ltd, David Barrington Everett, Richard David Barker, Timothy Lloyd Jones, Keith Martin Ferguson filed Critical Purseus Ltd
Priority to AU2001274337A priority Critical patent/AU2001274337A1/en
Publication of WO2002001515A2 publication Critical patent/WO2002001515A2/en
Publication of WO2002001515A3 publication Critical patent/WO2002001515A3/en

Links

Classifications

    • GPHYSICS
    • G06COMPUTING; CALCULATING OR COUNTING
    • G06QINFORMATION 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
    • G06Q20/00Payment architectures, schemes or protocols
    • G06Q20/08Payment architectures
    • G06Q20/10Payment architectures specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
    • GPHYSICS
    • G06COMPUTING; CALCULATING OR COUNTING
    • G06QINFORMATION 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
    • G06Q20/00Payment architectures, schemes or protocols
    • G06Q20/02Payment architectures, schemes or protocols involving a neutral party, e.g. certification authority, notary or trusted third party [TTP]
    • GPHYSICS
    • G06COMPUTING; CALCULATING OR COUNTING
    • G06QINFORMATION 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
    • G06Q20/00Payment architectures, schemes or protocols
    • G06Q20/22Payment schemes or models
    • G06Q20/26Debit schemes, e.g. "pay now"
    • GPHYSICS
    • G06COMPUTING; CALCULATING OR COUNTING
    • G06QINFORMATION 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
    • G06Q20/00Payment architectures, schemes or protocols
    • G06Q20/38Payment protocols; Details thereof
    • G06Q20/382Payment protocols; Details thereof insuring higher security of transaction
    • G06Q20/3825Use of electronic signatures
    • GPHYSICS
    • G07CHECKING-DEVICES
    • G07FCOIN-FREED OR LIKE APPARATUS
    • G07F7/00Mechanisms actuated by objects other than coins to free or to actuate vending, hiring, coin or paper currency dispensing or refunding apparatus
    • G07F7/08Mechanisms 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
    • G07F7/0866Mechanisms 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 by active credit-cards adapted therefor

Abstract

A method of transferring value from a payer to a payee via an intermediary. In one example, value is transferred from a payer smart card (18), associated with a payer terminal (19), to a payee smart card (17), associated with a payer terminal (15), via an intermediary (14) having an intermediary smart card (16), by means of two separate card to card transfers. To initiate the transfer, the payer sends payer transaction data, including the identity of the payee, and signed with the payer's digital signature, to the intermediary (14). The intermediary derives the payer transaction data, checks the authenticity of the data and, if all is well, receives the value to be transferred from the payer. The intermediary (14) now repeats the process with the payee, but utilising the intermediary's digital signature. The payee checks the authenticity of the transaction data and, if all is well, receives the value to be transferred from the intermediary. In alternative embodiments some or all of the smart cards (16, 17 and 18) are replaced by hardware situated in a tamper resistant enclosure.
PCT/GB2001/002820 2000-06-27 2001-06-26 Payment process and system for transferring value WO2002001515A2 (en)

Priority Applications (1)

Application Number Priority Date Filing Date Title
AU2001274337A AU2001274337A1 (en) 2000-06-27 2001-06-26 Payment process and system for transferring value

Applications Claiming Priority (2)

Application Number Priority Date Filing Date Title
GB0015713.1 2000-06-27
GB0015713A GB0015713D0 (en) 2000-06-27 2000-06-27 A method for authenticating and auditing payment instructions

Publications (2)

Publication Number Publication Date
WO2002001515A2 WO2002001515A2 (en) 2002-01-03
WO2002001515A3 true WO2002001515A3 (en) 2002-09-12

Family

ID=9894492

Family Applications (1)

Application Number Title Priority Date Filing Date
PCT/GB2001/002820 WO2002001515A2 (en) 2000-06-27 2001-06-26 Payment process and system for transferring value

Country Status (3)

Country Link
AU (1) AU2001274337A1 (en)
GB (1) GB0015713D0 (en)
WO (1) WO2002001515A2 (en)

Families Citing this family (2)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
SG10201404410XA (en) * 2004-06-25 2014-10-30 Ian Charles Ogilvy A transaction processing method, apparatus and system
US9633351B2 (en) 2009-11-05 2017-04-25 Visa International Service Association Encryption switch processing

Citations (6)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US5553145A (en) * 1995-03-21 1996-09-03 Micali; Silvia Simultaneous electronic transactions with visible trusted parties
US5557518A (en) * 1994-04-28 1996-09-17 Citibank, N.A. Trusted agents for open electronic commerce
US5802497A (en) * 1995-07-10 1998-09-01 Digital Equipment Corporation Method and apparatus for conducting computerized commerce
EP0886248A2 (en) * 1997-06-18 1998-12-23 Nippon Telegraph and Telephone Corporation Method and apparatus for registration of information with plural institutions and recording medium with registration program stored thereon
US5909492A (en) * 1994-10-24 1999-06-01 Open Market, Incorporated Network sales system
US5920847A (en) * 1993-11-01 1999-07-06 Visa International Service Association Electronic bill pay system

Patent Citations (6)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US5920847A (en) * 1993-11-01 1999-07-06 Visa International Service Association Electronic bill pay system
US5557518A (en) * 1994-04-28 1996-09-17 Citibank, N.A. Trusted agents for open electronic commerce
US5909492A (en) * 1994-10-24 1999-06-01 Open Market, Incorporated Network sales system
US5553145A (en) * 1995-03-21 1996-09-03 Micali; Silvia Simultaneous electronic transactions with visible trusted parties
US5802497A (en) * 1995-07-10 1998-09-01 Digital Equipment Corporation Method and apparatus for conducting computerized commerce
EP0886248A2 (en) * 1997-06-18 1998-12-23 Nippon Telegraph and Telephone Corporation Method and apparatus for registration of information with plural institutions and recording medium with registration program stored thereon

Also Published As

Publication number Publication date
GB0015713D0 (en) 2000-08-16
AU2001274337A1 (en) 2002-01-08
WO2002001515A2 (en) 2002-01-03

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