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

Electronic transaction method and system

A technology of electronic transactions and transactions, which is applied in the direction of buying and selling/lease transactions, payment systems, payment circuits, etc., and can solve problems such as time-consuming, difficult, and expensive

Inactive Publication Date: 2013-08-14
2ERGO
View PDF4 Cites 3 Cited by
  • Summary
  • Abstract
  • Description
  • Claims
  • Application Information

AI Technical Summary

Problems solved by technology

Implementing this level of integration can be difficult, expensive and time consuming to implement
Thus, when implementing electronic voucher schemes, electronic voucher schemes may be limited to specific retailers due to the cost of implementing a voucher scheme with multiple different sales record systems or the high costs imposed on retailers by system operators

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
  • Electronic transaction method and system
  • Electronic transaction method and system
  • Electronic transaction method and system

Examples

Experimental program
Comparison scheme
Effect test

Embodiment Construction

[0058] see now figure 1 , in the voucher redemption method according to the present invention, the transaction server 10 provides the electronic voucher to the smart phone 20 via the Internet connection 15 . when figure 1 While the example shown above shows a smartphone 20 linked to the transaction server 10 via the Internet connection 15, those skilled in the art will appreciate that other suitable portable consumer devices may be used in place of the smartphone 20 and other connections may be used in place of the Internet connection 15.

[0059]Vouchers include a unique voucher code. The voucher may also incorporate information about the identity of the redeemable item. Furthermore, the transaction server 10 provides the smartphone 20 with an authentication algorithm as part of or together with the voucher. The algorithm may be a local authentication algorithm of the type outlined in granted patent GB2412210. Traditionally, the authentication algorithm is implemented in ...

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

Consumer with a token incorporating a transaction code on their Smartphone brings their Smartphone to a retailer equipped with a transaction module. When purchasing an article, connection is established between the Smartphone and the transaction module and the transaction module transmits its identity code to the Smartphone. The Smartphone subsequently runs the transaction code and identity code through an authentication algorithm. If authenticated, the Smartphone sends authentication signal to the transaction module and a transaction report to a transaction server. Upon receipt of the authentication signal, the transaction module outputs a corresponding validity indication. This enables any retailer possessing a transaction module to process an electronic transaction without directly altering the retailers system. This therefore provides a simpler and potentially cheaper way of implementing electronic transactions at a wide variety of unrelated retail outlets.

Description

technical field [0001] The present invention relates to a method and system for electronic transactions, and in particular, to a method and system for realizing electronic voucher exchange or electronic payment or electronic purchase. Background technique [0002] Traditionally, when a consumer presents a discount voucher associated with an item to the retailer, the retailer discounts the price of the item by a predetermined amount. The discounted amount is usually ultimately borne by the supplier of the item. Therefore, once a discount is applied, retailers and suppliers must ultimately coordinate the use of vouchers and the availability of discounted items. [0003] In the past, the vast majority of vouchers were printed on paper / cards and could include instructions to the retailer and / or consumer. In some cases, the voucher may include a barcode that can be read by an electronic point-of-sale device (EPOS). Paper vouchers also provide an audit trail for the allocation ...

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): G06Q20/36G06Q30/06H04W4/04
CPCG06Q30/0222H04W4/04G06Q20/387G06Q30/00G06Q20/40G06Q30/0207G06Q20/06G06Q20/32G06Q20/326G06Q20/3227
Inventor 阿瑞雅·普里亚桑塔
Owner 2ERGO
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