Claims:We Claim:
1. A method for easy payment transaction from the user's account to the business account without swapping or entering the payment card data at the vendor's account, the method comprising of:
a. Receiving a payment transaction request through a server system linked to a payment network containing at least a payment string uniquely linked to the credit card linked to the issuer account and a transaction sum payable to the dealer.
b. Verification of the authenticity of a payment sequence based on at least one set of rules.
c. After the payment sequence has been successfully authenticated, the account holder 's account information is collected based on at least a portion of the payment sequence facilitating the payment transaction.
2. The method as claimed in claim 1, wherein the Payment sequence involves a series of a user created password, an integer code of predefined length with the payment card, and the payment card's PIN.
3. The method as claimed in claim 2, wherein the testing format of the pre-set length of special algorithm of the payment sequence obtained as part of the application for payment transaction involves a verification of payment sequence authenticity.
4. The method as claimed in claim 2, wherein at least the payment sequence given as input into a module's user interface will be accepted without scanning or placing a payment card in the interface.
5. The server system in a network of payments transaction from the user's issuer account to a business account without swapping or inserting the credit card data into a trader's trading interface, comprising of :
a. a payment transaction enquiry containing, at least, a payment sequence that is specific to the credit card associated with the issuer account and the amount to be paid to the vendor.
b. At least one processor is programmed to check the validity of the payment sequence based on at least one rule set in operational communication with the communications interface.
c. When the payment sequence has been successfully checked the holder, account is recovered based on at least part of the sequence of payment.
d. Enable payment transactions based at least on the details obtained from the account holder 's account to the buyer's account.
6. The server system as claimed in claim 5, wherein the payment sequence contains an alphanumeric card payment code with a username and password generated, a predetermined length and an id number for the payment card (PIN).
7. The server system as claimed in claim 5, wherein the atleast a payment sequence validity check format of a preset payment transaction request for special algorithm is designed to validate at least one device.
, Description:Technical Field of the Invention:
The technical field of the invention is a disclosures deal with payment transactions from users to merchants and, in particular, with alternative payment transactions through the use of a unique chain which may be used even when the user is not able to make a payment transaction with a physical carte, cash or mobile phone.
Background of the Invention:
This Embodiment gives foundation data identified with the current divulgence which isn't earlier craftsmanship.
These days, most clients utilize a few financial cards, for example, Mastercard’s, check cards, pre-loaded cards, and so forth., for performing budgetary exchanges (e.g., instalment exchange). The different financial cards are in this alluded to as instalment cards. The instalment cards are progressively utilized for making instalments at retail location (POS) terminals accessible at different offices including, however not restricted to, retail foundations (e.g., traders like McDonald's™ or Walmart™) or organizations (e.g., ticket reservation focuses) that handle money or credit exchanges. The instalment cards are for the most part swiped or embedded into a POS terminal present at these offices for starting the budgetary exchange.
In certain situations, rather than swiping or embeddings the instalment card into the POS terminal, a few clients can store the instalment cards in computerized design in their cell phones or in instalment applications to finish the instalment. In other substitute strategies, clients can ordinarily filter a machine-lucid code, for example, Quick Response (QR) code present at the instalment counters utilizing an application introduced on their cell phones. When the QR code is acknowledged by the application, the client's instalment card account is confirmed to deal with the exchange. Then again, the clients can make online instalment exchanges utilizing their cell phones or some other gadget outfitted with web access, wherein the clients need to give the important subtleties, for example, instalment card number, expiry date, Card Verification Value (CVV), once secret key (OTP) subtleties, charging subtleties and such.
In the above instalment exchange techniques, the client is needed to either convey the physical instalment card as well as ought to have comparing instalment applications present in his cell phone with sufficient web network to complete the instalment exchange. In any case, at times, the client might not have the instalment card with him, or his cell phone may not be outfitted with instalment applications or with satisfactory web transmission capacity, while visiting a shipper office. In such situations, the client will most likely be unable to make instalment exchanges. Additionally, keeping the money, physical instalment card and instalment card subtleties/applications in the cell phone may not be sheltered all the occasions, and can prompt trade off in the general individual and monetary security. Further, making an online exchange at the online shipper interface requires recalling and contributing a great deal of instalment card subtleties and charging subtleties by the client, prompting a disappointing encounter.
Likewise, there is a requirement for procedures that can permit the clients to do instalment exchanges at trader offices without utilizing the physical instalment card, or without need to incorporate a great deal of instalment card subtleties in the online shipper interface for the fruition of the money related exchange.
Object of the Invention:
The present object of the invention is methods for easy payment transaction without snapping card .
Another object of the invention is a method for easy payment transaction from the user's account to the business account without slipping or entering the payment card data at the vendor's account.
Summary of the Invention:
This Embodiment gives an overall rundown of the exposure and is anything but an extensive revelation of its full degree or the entirety of its highlights. Angles and exemplifications of the revelation are set out in the going with claims.
Different Embodiment of the current revelation give frameworks, techniques, electronic gadgets, and PC program items to pay utilizing interesting Sequence to the traders.
In an Embodiment of an invention, a technique for encouraging a Payment exchange from a backer record of a client to an acquirer record of a shipper without swiping or entering card subtleties of a Payment card at a trader interface of the vendor is uncovered. The technique incorporates accepting, by a worker framework related with a Payment organize, a Payment exchange demand. The Payment exchange demand incorporates at any rate and Payment Sequence exceptionally connected with the Payment card connected with the guarantor account and an exchange add up to be paid to the vendor. The strategy incorporates checking a legitimacy of the Payment Sequence dependent on at any rate one guideline set. Upon fruitful approval of the Payment Sequence, the strategy incorporates recovering backer record data related with the guarantor account dependent on in any event an aspect of the Payment Sequence. Besides, the strategy incorporates encouraging the Payment exchange put together at any rate with respect to the recovered backer record data from the guarantor record to the acquirer account.
In another Embodiment, a worker framework arranged to encourage a Payment exchange from a backer record of a client to an acquirer record of a trader without swiping or entering card subtleties of a Payment card at a shipper interface of the vendor is given. The worker framework incorporates a correspondence interface designed to get a Payment exchange demand containing at any rate and Payment Sequence particularly connected with the Payment card connected with the backer record and an exchange add up to be paid to the shipper. The worker framework further incorporates at any rate one processor in employable correspondence with the correspondence interface. The at any rate one processor is designed to confirm a legitimacy of the Payment Sequence dependent on at any rate one standard set. Upon fruitful approval of the Payment Sequence, the in any event one processor is additionally designed to recover backer record data related with the guarantor account dependent on at any rate an aspect of the Payment Sequence. The in any event one processor is additionally designed to encourage the Payment exchange put together at any rate with respect to the recovered guarantor account data from the backer record to the acquirer account.
In one more Embodiment, a worker framework arranged to encourage an Payment exchange from a guarantor record of a client to an acquirer record of a vendor without swiping or entering card subtleties of an Payment card at a trader interface of the shipper is given. The worker framework incorporates an information base involving a planning table. The planning table is arranged to store planning of most of the predefined length alphanumeric codes and a majority of backer record data related with a majority of clients.
The worker framework incorporates a correspondence interface designed to get a Payment exchange demand including in any event a Payment Sequence interestingly connected with the Payment card connected with the guarantor account and an exchange add up to be paid to the trader. The Payment Sequence incorporates a predefined length alphanumeric code of most predefined length alphanumeric codes. The worker framework incorporates a memory containing executable guidelines and a processor coherently coupled to the correspondence interface and the information base. The processor is designed to execute the guidelines to cause to the worker framework to check a legitimacy of in any event the predefined length alphanumeric code of the Payment Sequence dependent on at any rate one principle set. Upon fruitful approval of the predefined length alphanumeric code, the worker framework is additionally caused to recover a backer record data related with the guarantor account dependent on coordinating the predefined length alphanumeric code in the planning table. The worker framework is additionally caused to encourage the Payment exchange put together in any event with respect to the recovered guarantor account data from the backer record to the acquirer account.
Further regions of materialness will get clear from the portrayal gave in this. The portrayal and explicit models in this rundown are planned for motivations behind outline just and are not proposed to restrict the extent of the current divulgence.
Brief Description of Drawings
FIG. 1 shows a flowchart a diagram showing an easy payment transaction from the user's account.
FIG.2 shows a flowchart of a system in a network of payments transaction from the user's issuer account to a business account.
Detailed Description of Invention:
Embodiment will be depicted, by method of model just, regarding the drawings. The depiction and explicit models included thus are expected for motivations behind outline just and are not planned to restrict the extent of the current revelation.
In the accompanying portrayal, for motivations behind clarification, various explicit subtleties are gone ahead to give an exhaustive comprehension of the current revelation. It will be clear, notwithstanding, to one talented in the craftsmanship that the current divulgence can be polished without these particular subtleties.
Reference in this detail to "one Embodiment" or "an Embodiment" implies that a specific element, structure, or trademark portrayed regarding the exemplification is remembered for at any rate one Embodiment of the current revelation. The presence of the expression "in an exemplification" in different spots in the are not really all alluding to a similar Embodiment, nor are independent or elective Embodiment fundamentally unrelated of different Embodiment. Also, different highlights are portrayed which might be displayed by certain Embodiment and not by others. Also, different prerequisites are portrayed which might be necessities for certain Embodiment yet not for different exemplifications.
In addition, in spite of the fact that the accompanying depiction contains numerous points of interest for the motivations behind outline, anybody talented in the craftsmanship will value that numerous varieties as well as modifications to said subtleties are inside the extent of the current divulgence. Thus, albeit huge numbers of the highlights of the current divulgence are portrayed as far as one another, or related to one another, one talented in the workmanship will value that a considerable lot of these highlights can be given autonomously of different highlights. Likewise, this depiction of the current exposure is gone ahead with no loss of consensus to, and without forcing restrictions upon, the current revelation.
The expression "Payment account", utilized all through the depiction, alludes to a money related record that is utilized to finance the budgetary exchange. Instances of a Payment account incorporate, yet are not restricted to a bank account, a credit account, a financial records, and a virtual Payment account. The Payment record might be related with an element, for example, a distinct individual, a family, a business element, an organization, an enterprise, a legislative substance, a non-benefit association and so forth. In certain situations, and Payment record might be a virtual or transitory Payment account that can be planned or connected to an essential Payment account, for example, those records oversaw by PayPal, and so forth.
The expression "Payment organize", utilized all through the portrayal, alludes to a system or assortment of frameworks utilized for move of assets through utilization of money substitutes. Payment systems may utilize a wide range of conventions and methods to handle the exchange of cash for different kinds of exchanges. Exchanges that might be performed by means of a Payment system may incorporate item or administration buys, credit buys, charge exchanges, support moves, account withdrawals, and so on. Payment systems might be designed to perform exchanges through money substitutes, which may incorporate Payment cards, letters of credit, checks, budgetary records, and so forth. Instances of systems or frameworks designed to proceed as Payment systems incorporate those worked by MasterCard, VISA, Discover, American Express, and so on.
The term “payment card”, used throughout the description, refers to a physical or virtual card linked with a financial or payment account that may be used to fund a financial transaction to a merchant or any such facility via the associated payment account. Examples of the payment card include, but are not limited to, debit cards, credit cards, prepaid cards, virtual payment numbers, virtual card numbers, forex cards, charge cards and stored-value cards. A payment card may be a physical card that may be presented to the merchant for funding the payment. Alternatively, or additionally, the payment card may be embodied in form of data stored in a user device, where the data is associated with payment account such that the data can be used to process the financial transaction between the payment account and a merchant's financial account.
In one Embodiment, the client enters the novel Payment Sequence at the POS terminal or some other shipper interface, for example, online trader interface, the POS terminal sends an Payment exchange solicitation to an acquirer worker related with an acquirer bank of the vendor. The Payment exchange demand contains the Payment Sequence and the exchange sum, among other information. The acquirer worker sends the Payment sequence alongside other Payment subtleties, for example, exchange add up to a trade worker. The Payment worker checks for the legitimacy of the configuration of the one of a kind Payment Sequence and parses the Payment Sequence to extricate the backer record data of the client. Even more explicitly, the Payment worker separates the alphanumeric part i.e., the harmony of the Payment Sequence, and recovers the guarantor account data related with the backer record from a planning table open to the Payment worker
FIG. 1 shows a model portrayal of a domain, wherein probably some model Embodiment of the current exposure can be actualized. In the outlined Embodiment, an office is appeared. Instances of the office may incorporate any retail shop, general store or foundation, government and additionally private offices, ticket counters, or any such spot or foundation where clients visit for playing out the monetary exchange in return of any products as well as administrations or any exchange that requires money related exchange between the client and the office.
As can be seen from the earth, a client is remaining almost a Payment work area to make the monetary exchange to a vendor for an item bought by the client from the office. The office likewise incorporates a trader interface. Instances of the trader interface incorporate a retail location gadget or a retail location terminal(hereinafter conversely alluded to as 'POS terminal') set on the Payment work area where the Payment exchange can be started. In different exemplifications, the vendor interface can be a shipper phone, dealer PC framework. Then again or furthermore, the trader interface can likewise be an online dealer interface, for example, a vendor site, portable or work area applications, or outsider sites or applications utilizing which the client may buy merchandise or administration from a distant area or with in-store nearness.
Fig.2 shows a different Embodiment of the current divulgence give components with the end goal that the client is just needed to enter an Payment Sequence, (for example, the Payment Sequence an) at the shipper interface, for example, the POS terminal as opposed to conveying the physical Payment cards to the office and swiping the Payment card at the terminal.
Appropriately, the client needs to invest generally less energy at the POS terminal for finishing the Payment exchange, which prompts a decrease in the general time required for finishing the Payment exchange. As appeared in the earth, the client is entering an exceptional Payment Sequence utilizing the POS terminal. Then again, in the Embodiment of the shipper interface being the online trader interface, the client may utilize his cell phone or some other electronic gadget while buying an item online from the dealer site utilizing the web and be mentioned to enter the Sequence a to start the Payment exchange.
In a non-restricting model, check of the Sequence an and validation of the client's financial balance with adequate assets for making an exchange of 'X' add up to finish the Payment exchange is performed by a mix of a backer worker, an acquirer worker and an Payment worker. In one Embodiment, the Payment worker is related with a Payment organize. The Payment system might be utilized by Payment cards giving specialists as a Payment exchange organize. Instances of Payment exchange arrange incorporate, yet not restricted to, Mastercard Payment framework trade organize. The Mastercard Payment framework trade organize is a restrictive interchanges standard proclaimed by Mastercard International Incorporated for the trading of monetary exchange information between budgetary organizations that are individuals from Mastercard International Incorporated.
The backer worker is related with a monetary establishment ordinarily called a "guarantor bank" or "giving bank" or just "guarantor", in which the client may have a record, which gives an Payment card, for example, a Visa or a check card. The guarantor worker additionally encourages extraordinary Sequence based electronic Payment exchange office to the client, portrayed in different Embodiment of the current exposure. The one of a kind Payment Sequences are connected to Payment cards related with the client. The client, being the cardholder, can utilize any of the Payment Sequences related with the Payment cards to delicate Payment for a buy from the shipper.
To acknowledge Payment utilizing the Payment Sequence-based electronic Payment exchange, the vendor should typically build up a record with a monetary establishment that is important for the budgetary Payment framework. This monetary foundation is generally called the "dealer bank" or the "gaining bank" or "acquirer bank" or essentially "acquirer". The acquirer worker is related with the acquirer bank.
Utilizing the Payment organize, the PCs of the acquirer/the acquirer worker or the trader processor will speak with the PCs of the backer/the guarantor worker to decide if the client's record is on favourable terms and whether the buy is secured by the client's accessible record balance. In view of these conclusions, the approval of the Payment exchange is declined or acknowledged. At the point when the approval is acknowledged, the accessible equalization of the client's record is diminished. Ordinarily, a charge isn't presented quickly for a client since bank card affiliations, for example, Mastercard International Incorporated, have proclaimed standards that don't permit a shipper to charge, or "catch," an exchange until products are transported or benefits are conveyed. At the point when the vendor ships or conveys the products or administrations, the trader catches the exchange by, for instance, proper information passage systems on the POS terminal. In the event that the client drops an exchange before it is caught, a "void" is produced. On the off chance that the client returns products after the exchange has been caught, a "credit" is created.