Closed-loop mobile money transaction system
AssigneePayfriendz Ltd.
InventorAndreas Ruhrig
Life of this patent
Estimating the term…
Abstract
The present disclosure relates to methods, techniques, and systems for settling trusted money request and/or transfer transactions between individuals, and also between individuals and business partners based on social network connections between these entities as represented in social graphs of virtual social networks to establish the transaction connection between the two transaction partners and directly settle the financial transaction between these partners using e.g. a mobile device application without the necessity of a further entity, like e.g. a bank, credit card company and the like, for clearing the transaction initiated on the mobile device.
Claims15
A computer-implemented text-editor-based transaction system for financial transactions between entities employing connections established between said entities as represented in a social graph of a virtual social network, the system comprising:
- one or more mobile devices configured for registering an individual with a transaction provider using a transaction application and connecting a virtual social network account of the individual with the transaction provider, the one or more mobile devices being further configured for reading-out, in response to the registering, a social graph of the individual in the virtual social network, the social graph representing at least one connection between the individual and a business partner, and importing the at least one connection;
- one or more text-editors configured for enabling the individual to initiate a financial transaction by inputting text specifying building blocks of the financial transaction, the building blocks at least comprising a transaction partner, the transaction application being configured for invoking via the text editor semantic text recognition functionality interpreting the text being input by the individual to identify and recognize one or more of the building blocks, wherein the business partner is identified as the transaction partner of the financial transaction based on the imported at least one connection;
- a confirmation dialogue replicating the outcome of identifying and recognizing for confirmation by the individual, the transaction application being configured for creating, in response to the confirmation, the financial transaction and triggering a virtual communication channel to generate a notification message indicating the financial transfer to the business partner;
- and
- a transaction list provided by the transaction application listing all notification messages as a structured list of short text messages.
A computer-implemented method for providing a text-editor-based transaction system for financial transactions between entities employing connections established between said entities as represented in a social graph of a virtual social network, the method comprising the steps of:
- registering an individual with a transaction provider using a transaction application;
- connecting, in response to the registering, at least one virtual social network account of the individual with the transaction provider;
- reading-out, in response to the registering, a social graph of the individual in the virtual social network, the social graph representing at least one connection between the individual and a business partner, and importing the at least one connection;
- providing one or more text-editors for enabling the individual to initiate a financial transaction by inputting text specifying building blocks of the financial transaction, the building blocks at least comprising a transaction partner;
- invoking via the text editor semantic text recognition functionality interpreting the text being input by the individual to identify and recognize one or more of the building blocks, wherein the business partner is identified as the transaction partner of the financial transaction based on the imported at least one connection;
- replicating the outcome of the identifying and recognizing into a confirmation dialogue for confirmation by the individual;
- creating, in response to the confirmation, the financial transaction and triggering a virtual communication channel to generate a notification message indicating the financial transfer to the business partner;
- and
- listing all notification messages in a transaction list as a structured list of short text messages.
A computer-readable medium having stored thereon computer-readable instructions that, when run on a computer, are configured for performing a method for providing a text-editor-based transaction system for financial transactions between entities employing connections established between said entities as represented in a social graph of a virtual social network, the method comprising:
- registering an individual with a transaction provider using a transaction application;
- connecting, in response to the registering, at least one virtual social network account of the individual with the transaction provider;
- reading-out, in response to the registering, a social graph of the individual in the virtual social network, the social graph representing at least one connection between the individual and a business partner, and importing the at least one connection;
- providing one or more text-editors for enabling the individual to initiate a financial transaction by inputting text specifying building blocks of the financial transaction, the building blocks at least comprising a transaction partner;
- invoking via the text editor semantic text recognition functionality interpreting the text being input by the individual to identify and recognize one or more of the building blocks, wherein the business partner is identified as the transaction partner of the financial transaction based on the imported at least one connection;
- replicating the outcome of the identifying and recognizing into a confirmation dialogue for confirmation by the individual;
- creating, in response to the confirmation, the financial transaction and triggering a virtual communication channel to generate a notification message indicating the financial transfer to the business partner;
- and
- listing all notification messages in a transaction list as a structured list of short text messages.
Dependencies are inferred from the claim text.