CA2347460A1 - Processing system and method for a heterogeneous electronic cash environment - Google Patents
Processing system and method for a heterogeneous electronic cash environment Download PDFInfo
- Publication number
- CA2347460A1 CA2347460A1 CA002347460A CA2347460A CA2347460A1 CA 2347460 A1 CA2347460 A1 CA 2347460A1 CA 002347460 A CA002347460 A CA 002347460A CA 2347460 A CA2347460 A CA 2347460A CA 2347460 A1 CA2347460 A1 CA 2347460A1
- Authority
- CA
- Canada
- Prior art keywords
- electronic cash
- brand
- payment
- payment card
- charge function
- Prior art date
- Legal status (The legal status 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 status listed.)
- Granted
Links
- 238000000034 method Methods 0.000 title claims 5
- 230000006870 function Effects 0.000 claims abstract 33
- 230000001186 cumulative effect Effects 0.000 claims 1
- 238000000151 deposition Methods 0.000 claims 1
- 230000000977 initiatory effect Effects 0.000 claims 1
Classifications
-
- G—PHYSICS
- G06—COMPUTING; CALCULATING OR 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
- G06Q20/20—Point-of-sale [POS] network systems
-
- G—PHYSICS
- G06—COMPUTING; CALCULATING OR 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
- G06Q20/04—Payment circuits
- G06Q20/06—Private payment circuits, e.g. involving electronic currency used among participants of a common payment scheme
Landscapes
- Business, Economics & Management (AREA)
- Accounting & Taxation (AREA)
- Strategic Management (AREA)
- Physics & Mathematics (AREA)
- General Business, Economics & Management (AREA)
- General Physics & Mathematics (AREA)
- Engineering & Computer Science (AREA)
- Theoretical Computer Science (AREA)
- Finance (AREA)
- Cash Registers Or Receiving Machines (AREA)
- Financial Or Insurance-Related Operations Such As Payment And Settlement (AREA)
Abstract
A heterogeneous stored-value system which offers interop-erability among a number of proprietary payment card brands with differing fee structures. Electronic cash originally obtained through a specific payment card brand is reconsolidated at settlement, as-suring proper accounting for these fees. The system can handle isolated flow, where electronic cash flows from a loading device (2) to a payment card (8) and thence from a payment card (8) to a point of sale (6) to settlement (7), where electronic cash can flow into a payment card only from the loading device. The system can also handle circulation of the electronic cash, whereby reloading is accomplished by returning electronic cash to a payment card (8) as change from a charge transaction at a point of sale (6). In addition, payment cards with more than one charge function can be handled, whereby the customer can specify which of several charge func-tions will be used to acquire the electronic cash.
Claims (17)
1. A heterogeneous electronic cash payment system having at least two different brands of charge function, each brand having loading terms and settlement terms, the heterogeneous electronic cash payment system comprising:
(a) a plurality of payment cards, each payment card belonging to a customer, each payment card having at least one charge function to a remotely chargeable account of said customer, and at least one electronic purse operative to containing electronic cash and having a contents brand ID register for associating a charge function brand with said electronic cash;
(b) at least one loading device operative to interfacing with a specified payment card, adding electronic cash to the electronic purse of said specified payment card against payment from a selected charge function according to the loading terms of the brand of said selected charge function;
(c) at least one point of sale having a transaction record and an electronic cash drawer for storing electronic cash, said point of sale operative to interfacing with a presented payment card of said plurality of payment cards, receiving an electronic cash payment from said presented payment card, reading the brand of a predetermined charge function of said presented payment card, depositing said electronic cash payment in said electronic cash drawer, and recording said electronic cash payment along with said brand of a predetermined charge function onto said transaction record; and (d) a settlement system operative to settling electronic cash payments according to the settlement terms of the brands of charge functions associated with said electronic cash payments.
(a) a plurality of payment cards, each payment card belonging to a customer, each payment card having at least one charge function to a remotely chargeable account of said customer, and at least one electronic purse operative to containing electronic cash and having a contents brand ID register for associating a charge function brand with said electronic cash;
(b) at least one loading device operative to interfacing with a specified payment card, adding electronic cash to the electronic purse of said specified payment card against payment from a selected charge function according to the loading terms of the brand of said selected charge function;
(c) at least one point of sale having a transaction record and an electronic cash drawer for storing electronic cash, said point of sale operative to interfacing with a presented payment card of said plurality of payment cards, receiving an electronic cash payment from said presented payment card, reading the brand of a predetermined charge function of said presented payment card, depositing said electronic cash payment in said electronic cash drawer, and recording said electronic cash payment along with said brand of a predetermined charge function onto said transaction record; and (d) a settlement system operative to settling electronic cash payments according to the settlement terms of the brands of charge functions associated with said electronic cash payments.
2. The system of claim 1, wherein said point of sale is further operative, upon communicating with a payment card and reading the brand of said payment card, to selectively accept or reject said payment card for payment.
3. The system of claim 1, wherein a first payment card is not allowed to transfer electronic cash to a second payment card whose charge function is of a brand different from the charge function of said first payment card, and wherein a point of sale is allowed to transfer electronic cash only to a settlement system.
4. The system of claim 1, wherein the brand associated with said contents brand ID register is predetermined and may not be changed.
5. The system of claim 1, wherein the brand associated with said contents brand ID register may be changed.
6. The system of claim 1, wherein said transaction record comprises a sequential data file.
7. The system of claim 1, wherein said transaction record comprises a cumulative register.
8. The system of claim 1, wherein at least one of said loading devices is contained within an enhanced point of sale, said enhanced point of sale being operative, upon interfacing with a presented payment card chosen for paying a payment sum according to a specified charge function selected from said at least one charge function, said loading terms stipulating a predetermined reload sum, to automatically determine whether to:
a) charge the predetermined reload sum to the specified charge function;
b) return to the electronic purse of said payment card as change an amount of electronic cash equal to the difference between said predetermined reload sum and the payment sum; and c) record the payment sum and the brand of said specified charge function onto said transaction record.
a) charge the predetermined reload sum to the specified charge function;
b) return to the electronic purse of said payment card as change an amount of electronic cash equal to the difference between said predetermined reload sum and the payment sum; and c) record the payment sum and the brand of said specified charge function onto said transaction record.
9. The system of claim 1, wherein said settlement system is further operative to communicating with a selected point of sale and transferring electronic cash with the electronic cash drawer of said selected point of sale.
10. The system of claim 1, wherein said settlement system comprises:
a) a merchant computer owned by a merchant operative to collecting and submitting charge slips, transaction records, and electronic cash;
b) a settlement network operative to receiving charge slips and issuing conventional monetary payment therefor;
c) an electronic cash pool operative to storing electronic cash and exchanging electronic cash for conventional monetary payment; and d) an acquirer computer operative to:
- receiving charge slips and electronic cash;
- making conventional monetary payment to said merchant;
- exchanging electronic cash with said electronic cash pool for conventional monetary payment; and - submitting charge slips to said settlement network in exchange for conventional monetary payment.
a) a merchant computer owned by a merchant operative to collecting and submitting charge slips, transaction records, and electronic cash;
b) a settlement network operative to receiving charge slips and issuing conventional monetary payment therefor;
c) an electronic cash pool operative to storing electronic cash and exchanging electronic cash for conventional monetary payment; and d) an acquirer computer operative to:
- receiving charge slips and electronic cash;
- making conventional monetary payment to said merchant;
- exchanging electronic cash with said electronic cash pool for conventional monetary payment; and - submitting charge slips to said settlement network in exchange for conventional monetary payment.
11. The system of claim 1, wherein said at least one point of sale includes a plurality of brand accounting modules, each of which contains at least one register selected from the group consisting of a transaction counter and an accumulated transaction balance register.
12. The system of claim 1, wherein at least one of said plurality of payment cards is a multiple charge function payment card containing a plurality of charge functions of different brands.
13. The system of claim 8, wherein said enhanced point of sale, upon determining to add said difference into said electronic purse, subtracts said difference from the electronic cash accumulated in the electronic cash drawer of said enhanced point of sale.
14. The system of claim 12, wherein each of said plurality of charge functions contains an electronic purse having an electronic cash balance.
15. The system of claim 12, wherein said multiple charge function payment card contains a single electronic purse having an electronic cash balance and a contents brand ID register which associates the electronic cash in said single electronic purse with a specific charge function brand.
16. A method for managing a heterogeneous electronic cash environment, the environment having a plurality of charge function brands, each brand having loading terms and settlement terms, the environment further having a plurality of payment cards, each payment card having an electronic purse and a contents brand ID register, the environment further having at least one loading device and at least one point of sale with an electronic cash drawer and a transaction record, the environment further having a settlement system, the method comprising the steps of:
(a) interfacing a selected payment card to a loading device, initiating a charge transaction with a charge function of said selected payment card, transferring electronic cash into the electronic purse of said selected payment card according to the loading terms for the brand of said charge function, and setting the contents brand ID register of said selected payment card to said brand of said charge function;
(b) interfacing a presented payment card to a specified point of sale, transferring an electronic cash payment from the electronic purse of said presented payment card to the electronic cash drawer of said specified point of sale, and recording the brand set in the contents brand ID register of said presented payment card onto the transaction record of said specified point of sale; and (c) settling said electronic cash payment through the settlement system according to the settlement terms of the brand recorded onto said transaction record.
(a) interfacing a selected payment card to a loading device, initiating a charge transaction with a charge function of said selected payment card, transferring electronic cash into the electronic purse of said selected payment card according to the loading terms for the brand of said charge function, and setting the contents brand ID register of said selected payment card to said brand of said charge function;
(b) interfacing a presented payment card to a specified point of sale, transferring an electronic cash payment from the electronic purse of said presented payment card to the electronic cash drawer of said specified point of sale, and recording the brand set in the contents brand ID register of said presented payment card onto the transaction record of said specified point of sale; and (c) settling said electronic cash payment through the settlement system according to the settlement terms of the brand recorded onto said transaction record.
17. A method for associating a new charge function brand with electronic cash returned as change from a purchase transaction to a multiple charge function payment card having a single electronic purse, the purchase transaction having a sum and being made via the new charge function brand, the single electronic purse containing a balance of electronic cash associated with a previous charge function brand, the single electronic purse having a contents brand ID register indicating the charge function associated with the electronic cash contained in the single electronic purse, the method comprising the steps of:
(a) paying the balance of electronic cash in the single electronic purse toward the sum of the purchase transaction, the payment being associated with the previous charge function brand;
(b) charging a predetermined minimum charge transaction amount to the new charge function brand;
(c) returning, as change, an amount of electronic cash to the electronic purse equal to said predetermined minimum charge transaction amount plus the balance less the sum of the purchase transaction; and (d) setting the contents brand ID register to indicate the new charge function brand.
(a) paying the balance of electronic cash in the single electronic purse toward the sum of the purchase transaction, the payment being associated with the previous charge function brand;
(b) charging a predetermined minimum charge transaction amount to the new charge function brand;
(c) returning, as change, an amount of electronic cash to the electronic purse equal to said predetermined minimum charge transaction amount plus the balance less the sum of the purchase transaction; and (d) setting the contents brand ID register to indicate the new charge function brand.
Applications Claiming Priority (1)
| Application Number | Priority Date | Filing Date | Title |
|---|---|---|---|
| PCT/IL1998/000497 WO2000022556A1 (en) | 1998-10-13 | 1998-10-13 | Processing system and method for a heterogeneous electronic cash environment |
Publications (2)
| Publication Number | Publication Date |
|---|---|
| CA2347460A1 true CA2347460A1 (en) | 2000-04-20 |
| CA2347460C CA2347460C (en) | 2009-12-29 |
Family
ID=11062366
Family Applications (1)
| Application Number | Title | Priority Date | Filing Date |
|---|---|---|---|
| CA002347460A Expired - Fee Related CA2347460C (en) | 1998-10-13 | 1998-10-13 | Processing system and method for a heterogeneous electronic cash environment |
Country Status (4)
| Country | Link |
|---|---|
| EP (1) | EP1129419A4 (en) |
| AU (1) | AU9457598A (en) |
| CA (1) | CA2347460C (en) |
| WO (1) | WO2000022556A1 (en) |
Families Citing this family (4)
| Publication number | Priority date | Publication date | Assignee | Title |
|---|---|---|---|---|
| JPH11250164A (en) * | 1998-03-03 | 1999-09-17 | Hitachi Ltd | Electronic money processing method having rent collecting function and electronic money storing device |
| WO2007086068A2 (en) | 2006-01-30 | 2007-08-02 | Fortressgb Ltd. | System for accepting value from closed groups |
| CN104637195B (en) * | 2013-11-12 | 2017-03-15 | ***股份有限公司 | A kind of IC-card electronic cash off line circle deposit method and system |
| US11354662B2 (en) * | 2020-02-10 | 2022-06-07 | Izzi, Inc. | System and method for implementing a payment architecture that provides instant, risk-free payment in digital cash |
Family Cites Families (11)
| Publication number | Priority date | Publication date | Assignee | Title |
|---|---|---|---|---|
| ATE93078T1 (en) * | 1984-04-03 | 1993-08-15 | Omron Tateisi Electronics Co | FINANCIAL TRANSACTIONS PROCESSING SYSTEM USING AN INTEGRATED CIRCUIT CARD. |
| US5623547A (en) * | 1990-04-12 | 1997-04-22 | Jonhig Limited | Value transfer system |
| US5453601A (en) * | 1991-11-15 | 1995-09-26 | Citibank, N.A. | Electronic-monetary system |
| DE4243851A1 (en) * | 1992-12-23 | 1994-06-30 | Deutsche Bundespost Telekom | Method for transferring amounts of book money to and from chip cards |
| DE4333388A1 (en) * | 1993-09-30 | 1995-04-06 | Giesecke & Devrient Gmbh | System for carrying out transactions with a multifunction card with an electronic wallet |
| US5578808A (en) * | 1993-12-22 | 1996-11-26 | Datamark Services, Inc. | Data card that can be used for transactions involving separate card issuers |
| US5530232A (en) * | 1993-12-22 | 1996-06-25 | Datamark Services, Inc. | Multi-application data card |
| GB9405362D0 (en) * | 1994-03-18 | 1994-05-04 | Transmo Limited | Improved card charging system |
| US5590038A (en) * | 1994-06-20 | 1996-12-31 | Pitroda; Satyan G. | Universal electronic transaction card including receipt storage and system and methods of conducting electronic transactions |
| US5744787A (en) | 1994-09-25 | 1998-04-28 | Advanced Retail Systems Ltd. | System and method for retail |
| US5748737A (en) * | 1994-11-14 | 1998-05-05 | Daggar; Robert N. | Multimedia electronic wallet with generic card |
-
1998
- 1998-10-13 CA CA002347460A patent/CA2347460C/en not_active Expired - Fee Related
- 1998-10-13 EP EP98947763A patent/EP1129419A4/en not_active Withdrawn
- 1998-10-13 AU AU94575/98A patent/AU9457598A/en not_active Abandoned
- 1998-10-13 WO PCT/IL1998/000497 patent/WO2000022556A1/en active Application Filing
Also Published As
| Publication number | Publication date |
|---|---|
| EP1129419A4 (en) | 2005-03-16 |
| EP1129419A1 (en) | 2001-09-05 |
| CA2347460C (en) | 2009-12-29 |
| WO2000022556A1 (en) | 2000-04-20 |
| AU9457598A (en) | 2000-05-01 |
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Legal Events
| Date | Code | Title | Description |
|---|---|---|---|
| EEER | Examination request | ||
| MKLA | Lapsed |
Effective date: 20181015 |