Computer network method for conducting payment over a network by debiting and crediting telecommunication accounts
OwnerKhai Hee Kwaninventor
Life of this patent
Estimating the term…
Abstract
A computer network method for conducting payment over a network by crediting and debiting telecommunication accounts. The computer network includes a computer connected to the Internet, which performs the following functions: (1) receiving a payment request from a prospective payer; (2) confirming the request and assigning an unique transaction identifier; (3) receiving an electronic authority from the payer's telecommunication service computer indicating whether or not such request has been approved; (4) crediting and debiting payer's and payee's telecommunication accounts with their respective telecommunication service providers and (5) confirming this transaction by responding a receipt to the payer's mobile device and to payee's server.
Claims21
A computer readable storage medium storing instructions that, when executed by a computer to perform a method for payment or fund transfer transactions, the method comprising:
- providing at least a centralized payment processor linked to networks connecting to at least a telecommunication carrier provider's server having telecommunication accounts and corresponding account identifiers;
- providing a wireless communication device;
- the payment processor receiving at least a transfer amount, a payee's account identifier upon initiation of a transaction over a first network from payer;
- the payment processor receiving at least a payer's account identifier from said payer;
- the payment processor receiving at least a password from said payer;
- the payment processor transmitting said payer's account identifier, said password and said amount to said payer's telecommunication carrier provider for authentication;
- the payment processor transmitting said payee's account identifier to said payee's telecommunication carrier provider for authentication;
- if said authentications are both approved, includes a further step by the payment processor transmitting to said payer's carrier provider to record a debit entry for said transfer amount in said payer's account and transmitting to said payee's carrier provider to record a credit entry for same for said payee's account;
- and
- whereby said payment processor is a single point of contact to process transactions between payer and payee having accounts with different telecommunication carrier providers without said providers communicating with each other over said networks.
According to claim of 1 whereby said transfer amount and said payee's account identifier is a code sent to payment processor to identify transaction and payee.
According to claim of 1 wherein the step of receiving at least a password from said payer, further includes computer readable instructions to perform the method comprising:
- the payment processor establishing a connection with said payer over a second network different as compared to the first network;
- and
- whereby at least one of said networks is a wireless network.
A payment system comprising:
- a wireless communication device;
- at least a centralized payment processor linked to networks connecting to at least a telecommunication carrier provider's server having telecommunication accounts and corresponding account identifiers;
- said payment processor having computer readable instructions to perform the method comprising:
- the payment processor receiving at least a transfer amount, a payee's account identifier upon initiation of a transaction over a first network from payer;
- the payment processor receiving at least a payer's account identifier from said payer;
- the payment processor receiving at least a password from said payer;
- the payment processor transmitting said payer's account identifier, said password and said amount to said payer's telecommunication carrier provider for authentication;
- the payment processor transmitting said payee's account identifier to said payee's telecommunication carrier provider for authentication;
- if said authentications are both approved, includes a further step by the payment processor transmitting to said payer's carrier provider to record a debit entry for said transfer amount in said payer's account and transmitting to said payee's carrier provider to record a credit entry for same for said payee's account;
- and
- whereby said payment processor is a single point of contact to process transactions between payer and payee having accounts with different telecommunication carrier providers without said providers communicating with each other over said networks.
A computer network method for payment or fund transfer transactions using telecommunication accounts through at least one telecommunication carrier provider and a wireless communication device comprising:
- providing at least a centralized payment processor linked to networks connecting to at least a telecommunication carrier provider's server having telecommunication accounts and corresponding account identifiers;
- providing a wireless communication device;
- the payment processor receiving at least a transfer amount, a payee's account identifier upon initiation of a transaction over a first network from payer;
- the payment processor receiving at least a payer's account identifier from said payer;
- the payment processor receiving at least a password from said payer;
- the payment processor transmitting said payer's account identifier, said password and said amount to said payer's telecommunication carrier provider for authentication;
- the payment processor transmitting said payee's account identifier to said payee's telecommunication carrier provider for authentication;
- if said authentication are both approved, includes a further step by the payment processor transmitting to said payer's carrier provider to record a debit entry for said transfer amount in said payer's account and transmitting to said payee's carrier provider to record a credit entry for same for payee's account;
- and
- whereby said payment processor is a single point of contact to process transactions between payer and payee having accounts with different telecommunication carrier providers without said providers communicating with each other over said networks.
Dependencies are inferred from the claim text.