SG10201704001WA - Electronic payment processing apparatus and methods - Google Patents

Electronic payment processing apparatus and methods

Info

Publication number
SG10201704001WA
SG10201704001WA SG10201704001WA SG10201704001WA SG10201704001WA SG 10201704001W A SG10201704001W A SG 10201704001WA SG 10201704001W A SG10201704001W A SG 10201704001WA SG 10201704001W A SG10201704001W A SG 10201704001WA SG 10201704001W A SG10201704001W A SG 10201704001WA
Authority
SG
Singapore
Prior art keywords
order
value amount
transaction
account
electronic payment
Prior art date
Application number
SG10201704001WA
Inventor
Gurunathan Arunmurthy
Jain Navneet
Original Assignee
Mastercard International Inc
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 Mastercard International Inc filed Critical Mastercard International Inc
Priority to SG10201704001WA priority Critical patent/SG10201704001WA/en
Priority to PCT/US2018/028495 priority patent/WO2018212901A1/en
Priority to US15/976,543 priority patent/US11080663B2/en
Publication of SG10201704001WA publication Critical patent/SG10201704001WA/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
    • G06Q20/02—Payment architectures, schemes or protocols involving a neutral party, e.g. certification authority, notary or trusted third party [TTP]
    • G06Q20/023—Payment architectures, schemes or protocols involving a neutral party, e.g. certification authority, notary or trusted third party [TTP] the neutral party being a clearing house
    • 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
    • G06Q20/02—Payment architectures, schemes or protocols involving a neutral party, e.g. certification authority, notary or trusted third party [TTP]
    • 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
    • G06Q20/08—Payment architectures
    • G06Q20/12—Payment architectures specially adapted for electronic shopping systems
    • 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
    • G06Q20/22—Payment schemes or models
    • G06Q20/24—Credit schemes, i.e. "pay after"
    • 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
    • G06Q20/403—Solvency 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
    • G06Q20/38—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
    • G06Q20/407—Cancellation of a transaction

Landscapes

  • Business, Economics & Management (AREA)
  • Engineering & Computer Science (AREA)
  • Accounting & Taxation (AREA)
  • Strategic Management (AREA)
  • Physics & Mathematics (AREA)
  • General Business, Economics & Management (AREA)
  • General Physics & Mathematics (AREA)
  • Theoretical Computer Science (AREA)
  • Computer Security & Cryptography (AREA)
  • Finance (AREA)
  • Financial Or Insurance-Related Operations Such As Payment And Settlement (AREA)
  • Management, Administration, Business Operations System, And Electronic Commerce (AREA)

Abstract

ELECTRONIC PAYMENT PROCESSING APPARATUS AND METHODS An apparatus for processing electronic payment transactions is disclosed. The apparatus comprises: a computer processor and a data storage device, the data storage device having an incoming transaction initiation module, and an outgoing transaction initiation module comprising non-transitory instructions operative by the processor to: receive an order indication at a payment intermediary server, the order indication indicating an order by a customer for goods and / or services at a merchant, the order having an order value amount; initiate a transaction from an account associated with the customer to an intermediary account for the order value amount; initiate a transaction from the intermediary account to an account associated with the merchant for a first portion of the order value amount, whereby a second portion of the order value amount remains in the intermediary account; receive an order feedback indication; and initiate a further transaction or further transactions in response to the order feedback indication to transfer the second portion of the order value amount to the account associated with the merchant and / or the account associated with the customer. [Figure to print with abstract: Fig. ] 18
SG10201704001WA 2017-05-16 2017-05-16 Electronic payment processing apparatus and methods SG10201704001WA (en)

Priority Applications (3)

Application Number Priority Date Filing Date Title
SG10201704001WA SG10201704001WA (en) 2017-05-16 2017-05-16 Electronic payment processing apparatus and methods
PCT/US2018/028495 WO2018212901A1 (en) 2017-05-16 2018-04-20 Electronic payment processing apparatus and methods
US15/976,543 US11080663B2 (en) 2017-05-16 2018-05-10 Electronic payment processing apparatus and method

Applications Claiming Priority (1)

Application Number Priority Date Filing Date Title
SG10201704001WA SG10201704001WA (en) 2017-05-16 2017-05-16 Electronic payment processing apparatus and methods

Publications (1)

Publication Number Publication Date
SG10201704001WA true SG10201704001WA (en) 2018-12-28

Family

ID=62143554

Family Applications (1)

Application Number Title Priority Date Filing Date
SG10201704001WA SG10201704001WA (en) 2017-05-16 2017-05-16 Electronic payment processing apparatus and methods

Country Status (3)

Country Link
US (1) US11080663B2 (en)
SG (1) SG10201704001WA (en)
WO (1) WO2018212901A1 (en)

Family Cites Families (17)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US7155409B1 (en) 1999-03-05 2006-12-26 Trade Finance Service Corporation Trade financing method, instruments and systems
US8458086B2 (en) 1999-11-05 2013-06-04 Lead Core Fund, L.L.C. Allocating partial payment of a transaction amount using an allocation rule
US8596527B2 (en) 1999-11-05 2013-12-03 Lead Core Fund, L.L.C. Methods for locating a payment system utilizing a point of sale device
WO2002001447A1 (en) * 2000-06-29 2002-01-03 Jonathan Ferrier An e-commerce system
US20020087413A1 (en) * 2000-09-08 2002-07-04 Agent Ai, Inc. Vending machine adapted to vend age-restricted items
AU2002338261A1 (en) * 2001-03-30 2002-10-15 Crossmar, Inc. Method and system for multi-currency escrow service for web-based transactions
US20040064405A1 (en) 2002-09-30 2004-04-01 First Data Corporation Methods and systems for processing partial payments using debit cards
EP1533726A1 (en) * 2003-11-16 2005-05-25 Wim De Graeve Method of conducting payments for ordered goods that are to be shipped to the buyer, whereby financial settlement is delayed until a pre-determined delivery status occurs
US7502760B1 (en) * 2004-07-19 2009-03-10 Amazon Technologies, Inc. Providing payments automatically in accordance with predefined instructions
US7689465B1 (en) * 2005-03-10 2010-03-30 Amazon Technologies, Inc. System and method for visual verification of order processing
US20160148187A1 (en) * 2014-11-26 2016-05-26 Eznetpay, Llc Pay Request System
US20120265632A1 (en) * 2011-04-13 2012-10-18 Jatin Patro Online marketplace methods facilitating local commerce
US20130297510A1 (en) * 2012-05-04 2013-11-07 Ip Origins, Llc Financial intermediary for electronic commerce
US20140310183A1 (en) * 2013-04-15 2014-10-16 Lance Weber Embedded acceptance system
AU2015286232A1 (en) * 2014-07-11 2017-03-02 Kbh2230 Pty Ltd Escrow payment method
US9384505B1 (en) * 2014-12-12 2016-07-05 Laura Cao System and method for image based viewing and ordering
SG10201502195UA (en) * 2015-03-20 2016-10-28 Mastercard Asia Pacific Pte Ltd Method and system for computing a rating for a service provider

Also Published As

Publication number Publication date
US20200175482A9 (en) 2020-06-04
US20180336535A1 (en) 2018-11-22
US11080663B2 (en) 2021-08-03
WO2018212901A1 (en) 2018-11-22

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