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SG10201610781PA - System and method for conducting a transaction - Google Patents

System and method for conducting a transaction

Info

Publication number
SG10201610781PA
SG10201610781PA SG10201610781PA SG10201610781PA SG10201610781PA SG 10201610781P A SG10201610781P A SG 10201610781PA SG 10201610781P A SG10201610781P A SG 10201610781PA SG 10201610781P A SG10201610781P A SG 10201610781PA SG 10201610781P A SG10201610781P A SG 10201610781PA
Authority
SG
Singapore
Prior art keywords
transaction
module
authorization
delivery
conducting
Prior art date
Application number
SG10201610781PA
Inventor
Driss Belemlih
Saad Khan
Omokehinde Adebanjo
Uwagbae Uzebu
Original Assignee
Mastercard International Inc
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 Mastercard International Inc filed Critical Mastercard International Inc
Priority to SG10201610781PA priority Critical patent/SG10201610781PA/en
Priority to PCT/US2017/063563 priority patent/WO2018118354A1/en
Publication of SG10201610781PA publication Critical patent/SG10201610781PA/en

Links

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
    • G06Q20/12—Payment architectures specially adapted for electronic shopping 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
    • G06Q20/08—Payment architectures
    • G06Q20/20—Point-of-sale [POS] network systems
    • G06Q20/202—Interconnection or interaction of plural electronic cash registers [ECR] or to host computer, e.g. network details, transfer of information from host to ECR or from ECR to ECR
    • 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
    • G06Q20/38—Payment protocols; Details thereof
    • G06Q20/40—Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
    • 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
    • G06Q30/00—Commerce
    • G06Q30/06—Buying, selling or leasing transactions
    • 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
    • G06Q30/00—Commerce
    • G06Q30/06—Buying, selling or leasing transactions
    • G06Q30/0601—Electronic shopping [e-shopping]
    • G06Q30/0633—Lists, e.g. purchase orders, compilation or processing
    • G06Q30/0635—Processing of requisition or of purchase orders
    • 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
    • G06Q30/00—Commerce
    • G06Q30/06—Buying, selling or leasing transactions
    • G06Q30/0601—Electronic shopping [e-shopping]
    • G06Q30/0641—Shopping interfaces

Landscapes

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

Abstract

SYSTEM AND METHOD FOR CONDUCTING A TRANSACTION A system and method for conducting a transaction is provided. The method comprises r eceiving, at a transaction module, a payment request for a product; transmitting, from the transaction module to an issuer module, a pre-authorization request to initiate pre-authorization of the transaction corresponding to the payment request; generating, by the transaction module, a delivery order upon initiation of the pre-authorization of the transaction by the issuer module, the delivery order corresponding to a delivery of the product to a recipient; receiving, at the transaction module, a delivery status corresponding to an outcome of the delivery; and transmitting, from the transaction module to the issuer module, an instruction to either: (i) complete an authorization of the transaction based upon the pre-authorization of the transaction; or (ii) cancel the pre-authorization of the transaction; based on the delivery status. Figure 1
SG10201610781PA 2016-12-22 2016-12-22 System and method for conducting a transaction SG10201610781PA (en)

Priority Applications (2)

Application Number Priority Date Filing Date Title
SG10201610781PA SG10201610781PA (en) 2016-12-22 2016-12-22 System and method for conducting a transaction
PCT/US2017/063563 WO2018118354A1 (en) 2016-12-22 2017-11-29 System and method for conducting a transaction

Applications Claiming Priority (1)

Application Number Priority Date Filing Date Title
SG10201610781PA SG10201610781PA (en) 2016-12-22 2016-12-22 System and method for conducting a transaction

Publications (1)

Publication Number Publication Date
SG10201610781PA true SG10201610781PA (en) 2018-07-30

Family

ID=62627057

Family Applications (1)

Application Number Title Priority Date Filing Date
SG10201610781PA SG10201610781PA (en) 2016-12-22 2016-12-22 System and method for conducting a transaction

Country Status (2)

Country Link
SG (1) SG10201610781PA (en)
WO (1) WO2018118354A1 (en)

Family Cites Families (5)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US7593898B1 (en) * 1999-12-30 2009-09-22 First Data Corporation Method and system for payment transactions and shipment tracking over the internet
US9984348B2 (en) * 2013-11-29 2018-05-29 Fedex Corporate Services, Inc. Context management of a wireless node network
CA2932098A1 (en) * 2013-12-02 2015-06-11 Wal-Mart Stores, Inc. System and method for placing an order using a local device
US11238397B2 (en) * 2015-02-09 2022-02-01 Fedex Corporate Services, Inc. Methods, apparatus, and systems for generating a corrective pickup notification for a shipped item using a mobile master node
SG10201508055YA (en) * 2015-09-28 2017-04-27 Mastercard Asia Pacific Pte Ltd Transaction system

Also Published As

Publication number Publication date
WO2018118354A1 (en) 2018-06-28

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