Looking for breakthrough ideas for innovation challenges? Try Patsnap Eureka!

Safe closed loop payment system and method

A payment system, closed-loop technology, applied in the field of payment systems, can solve the problems of high requirements for mobile phones, hinder the promotion of mobile payment consumption methods, etc., and achieve the effect of transaction security

Inactive Publication Date: 2012-11-28
CHINA UNIONPAY
View PDF4 Cites 5 Cited by
  • Summary
  • Abstract
  • Description
  • Claims
  • Application Information

AI Technical Summary

Problems solved by technology

However, this method has higher requirements on the mobile phone, which must be a higher version of the smart phone
This also hinders the promotion of mobile payment consumption methods

Method used

the structure of the environmentally friendly knitted fabric provided by the present invention; figure 2 Flow chart of the yarn wrapping machine for environmentally friendly knitted fabrics and storage devices; image 3 Is the parameter map of the yarn covering machine
View more

Image

Smart Image Click on the blue labels to locate them in the text.
Viewing Examples
Smart Image
  • Safe closed loop payment system and method
  • Safe closed loop payment system and method
  • Safe closed loop payment system and method

Examples

Experimental program
Comparison scheme
Effect test

no. 1 approach

[0051] figure 1 It is a structural block diagram for explaining the secure closed-loop payment system of the present invention.

[0052] Such as figure 1 As shown, the secure closed-loop payment system of the present invention includes: a user terminal 100 , a bank card issuer background 101 , a payment terminal 102 , and a network access institution system 103 .

[0053]The background 101 of the bank card issuer accepts the reservation information from the user terminal 100 , generates a mapping relationship of the reservation information and returns it to the user terminal 100 . When making consumption payment, the user inputs payment information through the payment terminal 102 , and the payment terminal 102 sends the payment information to the network access institution system 103 . The network access institution system 103 sends the payment information sent from the payment terminal 102 to the bank card issuer background 101, and the bank card issuer background 101 proc...

the structure of the environmentally friendly knitted fabric provided by the present invention; figure 2 Flow chart of the yarn wrapping machine for environmentally friendly knitted fabrics and storage devices; image 3 Is the parameter map of the yarn covering machine
Login to View More

PUM

No PUM Login to View More

Abstract

The invention relates to a safe closed loop payment system and a safe closed loop payment method. The safe closed loop payment system comprises a user terminal (100), a bank card issuer background (101), a payment terminal (102) and a networking mechanism system (103). The user terminal (100), the bank card issuer background (101), the payment terminal (102) and the networking mechanism system (103) form a closed loop structure. By the safe closed loop payment system and the safe closed loop payment method, the safety and the flexibility of payment can be improved.

Description

technical field [0001] The present invention relates to a payment system and method, in particular to a secure closed-loop payment system and method. Background technique [0002] With the development of banking network service systems, bank cards such as various debit cards and credit cards have been more and more widely used in consumers' daily consumption transactions. Consumers do not need to carry a large amount of cash when traveling, and only need to use bank cards to make consumption settlements at consumption places where bank terminals (POS machines) are installed. This provides great convenience for consumption. [0003] However, consumers also have certain security risks when they use bank cards to make consumption settlements on bank terminals. For example, consumers may have bank card account numbers and passwords stolen during consumption. On the other hand, when using a bank card for consumption, it is necessary to carry the bank card for travel. Moreover, ...

Claims

the structure of the environmentally friendly knitted fabric provided by the present invention; figure 2 Flow chart of the yarn wrapping machine for environmentally friendly knitted fabrics and storage devices; image 3 Is the parameter map of the yarn covering machine
Login to View More

Application Information

Patent Timeline
no application Login to View More
Patent Type & Authority Applications(China)
IPC IPC(8): G06Q20/00
CPCG06Q20/385G06Q20/202G06Q20/00G06Q20/409G06Q20/32G06Q20/20
Inventor 侯维栋柴洪峰李海宁庄晓鲁志军刘雷何朔李庆
Owner CHINA UNIONPAY
Who we serve
  • R&D Engineer
  • R&D Manager
  • IP Professional
Why Patsnap Eureka
  • Industry Leading Data Capabilities
  • Powerful AI technology
  • Patent DNA Extraction
Social media
Patsnap Eureka Blog
Learn More
PatSnap group products

Browse by: Latest US Patents, China's latest patents, Technical Efficacy Thesaurus, Application Domain, Technology Topic, Popular Technical Reports.

© 2024 PatSnap. All rights reserved.Legal|Privacy policy|Modern Slavery Act Transparency Statement|Sitemap|About US| Contact US: help@patsnap.com