WO1999024921A3 - Improvements in, or relating to, electronic payment systems - Google Patents

Improvements in, or relating to, electronic payment systems Download PDF

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Publication number
WO1999024921A3
WO1999024921A3 PCT/SE1998/002002 SE9802002W WO9924921A3 WO 1999024921 A3 WO1999024921 A3 WO 1999024921A3 SE 9802002 W SE9802002 W SE 9802002W WO 9924921 A3 WO9924921 A3 WO 9924921A3
Authority
WO
WIPO (PCT)
Prior art keywords
scheme
electronic
consumers
schemes
currency
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.)
Ceased
Application number
PCT/SE1998/002002
Other languages
French (fr)
Other versions
WO1999024921A2 (en
Inventor
Maria Christensen
Lennart Isaksson
Current Assignee (The listed assignees may be inaccurate. Google has not performed a legal analysis and makes no representation or warranty as to the accuracy of the list.)
Telia Co AB
Original Assignee
Telia AB
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 Telia AB filed Critical Telia AB
Priority to EP98954892A priority Critical patent/EP1029295A2/en
Publication of WO1999024921A2 publication Critical patent/WO1999024921A2/en
Publication of WO1999024921A3 publication Critical patent/WO1999024921A3/en
Anticipated expiration legal-status Critical
Ceased legal-status Critical Current

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
    • G06Q30/00—Commerce
    • G06Q30/04—Billing or invoicing

Landscapes

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

Abstract

The electronic payment system handles financial settlement of transactions, between consumers and merchants, relating to products/services purchased by the consumers from the merchants via an electronic trading medium, such as the Internet, and is supported by a telecommunication architecture adapted to provide a plurality of electronic payment schemes. Each one which is indigenous to a different country and adapted to operate, nationally, as a single-scheme, independently of the other schemes, in accordance with a common set of rules. Each payment scheme has an electronic account, owned and controlled by an operator of the scheme. An inter-scheme conversion and cross-currency exchange facility is provided for the electronic payment schemes which enables merchants subscribing to each of the national schemes to trade with subscribing consumers, irrespective of the payment scheme to which the consumers subscribers, or the consumer's unit of account and currency. Each of the scheme-specific electronic accounts is adapted to receive payments from a subscribing consumer, for products/services purchased from a merchant, in the consumer's currency, and to make corresponding payments to a scheme-specific electronic account, to which said merchant subscribers, in a currency selected by said merchant.
PCT/SE1998/002002 1997-11-07 1998-11-05 Improvements in, or relating to, electronic payment systems Ceased WO1999024921A2 (en)

Priority Applications (1)

Application Number Priority Date Filing Date Title
EP98954892A EP1029295A2 (en) 1997-11-07 1998-11-05 Improvements in, or relating to, electronic payment systems

Applications Claiming Priority (2)

Application Number Priority Date Filing Date Title
SE9704078-6 1997-11-07
SE9704078A SE9704078L (en) 1997-11-07 1997-11-07 Improvements in, and in connection with, electronic payment systems

Publications (2)

Publication Number Publication Date
WO1999024921A2 WO1999024921A2 (en) 1999-05-20
WO1999024921A3 true WO1999024921A3 (en) 1999-08-05

Family

ID=20408902

Family Applications (1)

Application Number Title Priority Date Filing Date
PCT/SE1998/002002 Ceased WO1999024921A2 (en) 1997-11-07 1998-11-05 Improvements in, or relating to, electronic payment systems

Country Status (3)

Country Link
EP (1) EP1029295A2 (en)
SE (1) SE9704078L (en)
WO (1) WO1999024921A2 (en)

Families Citing this family (14)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
SG81266A1 (en) * 1998-03-30 2001-06-19 Citibank Na Method and system to perform electronic value exchange and settlement among heterogeneous payment schemes with heterogenous currencies
WO2001015100A1 (en) 1999-08-26 2001-03-01 Eluv Holdings Ltd. Electronic currency, electronic wallet therefor and electronic payment systems employing them
US6598028B1 (en) * 1999-09-03 2003-07-22 Lynn Sullivan Computer-implemented universal financial management/translation system and method
KR100373507B1 (en) * 1999-10-04 2003-02-25 이동산 a system for electronic commerce and a method for electronic commerce
US20020062278A1 (en) * 2000-02-18 2002-05-23 Ingram Bradley Kent Method and system for international e-commerce
EP1269438A1 (en) * 2000-03-31 2003-01-02 Siemens Aktiengesellschaft Electronic payment method and system for carrying out the same
US8078511B2 (en) 2000-05-31 2011-12-13 American International Group, Inc. Method and system for foreign exchange price procurement and automated hedging
US10185936B2 (en) 2000-06-22 2019-01-22 Jpmorgan Chase Bank, N.A. Method and system for processing internet payments
GB2365559A (en) * 2000-08-07 2002-02-20 Rue De Int Ltd Financial payment system and method for internet transactions
US7440922B1 (en) * 2001-05-04 2008-10-21 West Corporation System, method, and business method for settling micropayment transactions to a pre-paid instrument
DE50107856D1 (en) * 2001-11-08 2005-12-01 Siemens Ag Method for enabling and performing a cash payment using a communication network
SG126685A1 (en) * 2001-11-13 2006-11-29 Singapore Network Services Pte A payment method for on-line purchases
BRPI0815467A2 (en) 2007-08-12 2015-02-18 Samer Elbizri DISCOUNT INVOICE SYSTEM AND METHOD
AU2013234798A1 (en) * 2012-03-19 2014-09-25 Royal Canadian Mint/Monnaie Royale Canadienne Automated forex function in an asset storage and transfer system

Citations (3)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
WO1997019414A1 (en) * 1995-11-21 1997-05-29 Oxford Media Pty. Ltd. Computer network value payment system
WO1997041537A2 (en) * 1996-04-26 1997-11-06 Verifone, Inc. A system, method and article of manufacture for network electronic payment and credit collection utilizing a payment instrument and certification of payment
US5710887A (en) * 1995-08-29 1998-01-20 Broadvision Computer system and method for electronic commerce

Patent Citations (3)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US5710887A (en) * 1995-08-29 1998-01-20 Broadvision Computer system and method for electronic commerce
WO1997019414A1 (en) * 1995-11-21 1997-05-29 Oxford Media Pty. Ltd. Computer network value payment system
WO1997041537A2 (en) * 1996-04-26 1997-11-06 Verifone, Inc. A system, method and article of manufacture for network electronic payment and credit collection utilizing a payment instrument and certification of payment

Non-Patent Citations (3)

* Cited by examiner, † Cited by third party
Title
COMPUTING CANADA, Volume 16, No. 21, October 1990, FRANGINI MONICA, "Global Direct Deposit System Speeds Up Overseas Payments", (BRYKER DATA SYSTEMS LTD., BANKS OF AMERICA CANADA). *
SECURITY OF ELECTRONIC MONEY, August 1996, (Basle), "Report by the Committee on Payment and Settlement Systems and the Group of Computer Experts of the Central Banks of the Group of Ten Countries", pages 34-37. *
TELECOMMUNICATIONS, Volume 33, No. 1, January 1999, LEEBAERT DEREK, "A Strategic Approach to Electronic Transaction Conversion", (INDUSTRY TREND OR EVENT). *

Also Published As

Publication number Publication date
WO1999024921A2 (en) 1999-05-20
EP1029295A2 (en) 2000-08-23
SE9704078L (en) 1999-05-08
SE9704078D0 (en) 1997-11-07

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