ITAQ20090001A1 - PAYMENT SYSTEM BASED ON THE USE OF SPECIALLY REALIZED ELECTRONIC DEVICES THAT ALLOW THE OPERATION OF ELECTRONIC TRANSACTIONS BETWEEN SUBJECTS THAT BELONG TO THE SAME CIRCUIT PROVIDED AND MANAGED BY A SINGLE CRE INSTITUTE - Google Patents

Description

The PRIVATE PC BANK ".

INTRODUCTION.

This project aims to prefigure a national diffusion system that allows the carrying out of electronic transactions between subjects belonging to the same circuit prepared and managed by a single credit institution.

THE "PRIVATE PC BANK"

The payment system, called "private pc back", is an electronic diary with which to dispose of all or part of the provision deposited ad hoc at one of the branches of the credit institution that manages the circuit, making electronic payments in favor of other subjects belonging to that circuit,

The main hardware and software technological features of the "private pc hank" are the following;

• umts / edge / gprs connectivity,

• microprocessor compatible with the EM V standard (Euroay Mastereard, Visa); • management of encrypted communications through strong cryptography (3 DES, A ES) and smooth hardware;

• front-end interface clint managed by the remote application server;

• secure management of volatile memory (not readable when the device is turned off).

I I. OPERATION.

At each of its branches the credit institution that manages the circuit sets up a corner for joining the "private pc bank",

The subject interested in the offer goes directly to the corner to join it and, at the same time as signing the contract prepared by the bank, makes a cash deposit into an account therein ad hoc, receiving delivery of a "private pc bank" diary, which has attached a pagobancomar with microcip that will be used, as already happens, to make cash withdrawals and payments in favor of subjects not belonging to the "private pc bank" circuit,

The electronic agenda, on the other hand, will be used to carry out electronic transactions in favor of subjects belonging to the same circuit.

The agenda in question is a wallet which, once opened, connects to a server becoming a large two-sided screen

On the first side there are some screens from

complete using the stylus and keyboard that

appears on the other facade,

The owner of the "private pc batìk" that he wanted to have in

all or in place of the provision deposited for service in

favor of another person belonging to the same

circuto will open his diary and complete each of the fields that appear and which are the following

1 secret code indication

2 digital signature

3 indication number "private pc batik" benefit or name, surname and tax code of the holder

4 amount of the transaction

5 choice of reason

0 confirms.

Upon completion of the transaction, both the settlor and the beneficiary will receive a message confirming the transaction with the display of the new balance.

The system also provides for the monthly communication of the account by electronic message and the communication of the monthly payment deadlines with an advance request of the payment authorization.

The aforementioned operation may also be carried out through the use of the pagobancomat with microcip attached to the '"private pc batìk' to be introduced in the pos of which the beneficiary is the one who must in any case belong to the same circuit.

TIMES HI) 1 COSTS OF THE TRANSACTION.

The credit debit operation will take place in real time, so that the beneficiary will be able to immediately dispose of the amount credited in his favor.

The settlor and the beneficiary, in equal parts, will pay the system a commission of an amount lower than that of the commissions currently paid for electronic transactions.

ADVERTISING'.

The advertising costs of the payment system in question are, at least in theory, reduced to the bare minimum since:

• the bandages deriving from the use of the system are in themselves a very effective advertising;

• the conclusion of agreements with "large collectors" can be an additional deterrent for the spread of the system,

• the corners of the bank that manages the system are advertising tools; • the network manager who will provide the electronic agendas will be able to advertise via SMS.

UTILITIES FOR SYSTEM MEMBERS.

Those who join the system will be able to enjoy the following utilities, sr

• security and convenience of transactions:

• certainty of the outcome of the transactions;

• no danger of cloning, since the "private pc tank" can only be used on one circuit;

• reduction in the burden of commissions:

• immediacy of accreditation;

• possibility of immediate replacement of the "private pc bank" in case of loss or furio.

Through the diffusion of the system, the two categories that interest us, namely "collectors" and "payers" will be able to enjoy the following utilities respectively

the "collectors"

1. the collection costs they currently bear for Ironiche transactions will be reduced;

2. will have the immediacy of being credited;

3. they will be able to immediately verify the successful collection

4 .. will be able to coin on the security of the transaction

5. in the case of large distribution companies (eg supermarkets), they will avoid having cash in hand and consequently increase the level of security of their business

6. in the case of public bodies (Municipalities, Regions), companies involved in the collection of taxes, large companies that supply goods of general consumption (energy, gas, water, communications) will expand the range of payment possibilities available to the ranks of their users

the "payers"

1. they will be able to comfortably make an extended range of payments at any time of the day, without having to go to certain facilities (post office, bank)

2. will be able to carry out transactions of theoretically unlimited amount (equal to the service deposit) in favor of other subjects belonging to the circuit without having to have cash or credit instruments to the order or bearers

2. will bear a very limited burden compared to the one currently incurred (eg.

post office)

4, will avoid wasting time (e.g. queues at post offices or bank branches ctc.)

UTILITIES FOR THE BANK.

The issuing credit institution will be able to enjoy the following utilias

collection of commissions;

• management of the deposited mass;

• streamlining of branch operations with consequent rationalization of the use of human resources.

GENERAL UTILITIES.

in general, the following benefits will be achieved:

• monitoring and traceability of operations for tax purposes and for anti-money laundering; • certainty of exchanges due to the certainty of the outcome of the transactions;

• reduction of the risks incurred by the bearer of the coin or the risks of donation or the like concerning traditional credit cards.

Claims (4)

CLAIMS 1, functioning of the closed-circuit system, meaning by this the management of the inter-system of transactions by a single credit institution with representatives spread at least on the Italian territory. Through this condition, a maximum level of transaction security is tendered, since the money involved in the transaction circulates within the same circuit on which the bank that has set up the system and manages it supervises. Furthermore, an additional level of security is provided for transactions that do not occur in disequilibrium, given by the fact that on the confirmation message that is: sent to the beneficiary, s data of the person making the payment are indicated, so that the recipient of the payment can easily ascertain the correspondence of those data n sending to those reported on the identity of the person who made the transaction, 2. The system foresees a coding of the single transactions by effei. This allows the "big risssore" to rationalize as much as possible the monitoring and control operations of the collections carried out, 3. The system is based on my pre-constitution of the provision that can be spent through the electronic transaction: (With this the certainty of availability of the object sums of the transactions is guaranteed. 4. The system is also characterized by the possibility of interfacing with hardware peripherals with bluetooth or wifi technologies. 5. the system also provides for the monthly communication of the account statement by electronic message and the communication of the monthly payment deadlines with an advance request for payment authorization.