Patent SG-11201804499X-A (SG)
Title: System and method for transacting via two-party model
Inventor: SINGH AMIT
IPC: G06Q20/40
Filed: 2016-11-10
Abstract: INTERNATIONAL APPLICATION PUBLISHED UNDER THE PATENT COOPERATION TREATY (PCT) (19) World Intellectual Property Organization International Bureau IIIIII Hit II EH DID IIIII DEEM II III 11111111 Ell RIM It RID IIII r 208 ATM 7 214 (-204 MERCHANT DEVICE (10) International Publication Number WO 2017/095602 Al WIPO I PCT (43) International Publication Date 8 June 2017 (08.06.2017) (51) International Patent Classification: (81) Designated States (unless otherwise indicated, for every G06Q 20/40 (2012.01) kind of national protection available): AE, AG, AL, AM, (21) International Application Number: PCT/US2016/061329 AO, AT, AU, AZ, BA, BB, BG, BH, BN, BR, BW, BY, BZ, CA, CH, CL, CN, CO, CR, CU, CZ, DE, DJ, DK, DM, DO, DZ, EC, EE, EG, ES, FI, GB, GD, GE, GH, GM, GT, HN, HR, HU, ID, IL, IN, IR, IS, JP, KE, KG, KN, KP, KR, (22) International Filing Date: KW, KZ, LA, LC, LK, LR, LS, LU, LY, MA, MD, ME, 10 November 2016 (10.11.2016) MG, MK, MN, MW, MX, MY, MZ, NA, NG, NI, NO, NZ, Filing Language: English (25) OM, PA, PE, PG, PH, PL, PT, QA, RO, RS, RU, RW, SA, SC, SD, SE, SG, SK, SL, SM, ST, SV, SY, TH, TJ, TM, English (26) Publication Language: TN, TR, TT, TZ, UA, UG, US, UZ, VC, VN, ZA, ZM, (30) Priority Data: ZW. 14/956,929 2 December 2015 (02.12.2015) US (84) Designated States (unless otherwise indicated, for every (71) Applicant: MASTERCARD INTERNATIONALBIN- kind of regional protection available): ARIPO (BW, GH, CORPOATED [US/US]; 2000 Purchase Street, Purchase, GM, KE, LR, LS, MW, MZ, NA, RW, SD, SL, ST, SZ, NY 10577 (US). TZ, UG, ZM, ZW), Eurasian (AM, AZ, BY, KG, KZ, RU, TJ, TM), European (AL, AT, BE, BG, CH, CY, CZ, DE, (72) Inventors: SINGH, Amit, Kumar; 32 Kabir Enclave Day- DK, EE, ES, FI, FR, GB, GR, HR, HU, IE, IS, IT, LT, LU, albagh, Agra,uttar Pradesh 282005 (IN). PANDEY, LV, MC, MK, MT, NL, NO, PL, PT, RO, RS, SE, SI, SK, Anshul; H. No 496, 2nd Floor Sector 43, Gurgaon, Hary- SM, TR), OAPI (BF, BJ, CF, CG, CI, CM, GA, GN, GQ, ana 122002 (IN). GW, KM, ML, MR, NE, SN, TD, TG). (74) Agent: DOBBYN, Colm, J ; Mastercard International In- Published: corporated, 2000 Purchase Street, Purchase, NY 10577 — with international search report (Art 21(3)) (US). (54) Title: SYSTEM AND METHOD FOR TRANSACTING VIA TWO-PARTY MODEL (57) : A method of operating a payment device includes interfacing the payment device to a merchant device to perform a payment transaction, The pay- ment device may create and store a re- cord of the payment transaction. On an occasion later than the payment transac- tion, the payment device may be inter- faced to a network device. While the payment device is interfaced to the net- work device, at least a portion of the payment transaction record is transmit- ted from the payment device to the net- work device to cause the payment trans- action to be cleared from the payment device user's account to the account of the merchant that operated the merchant device. 7 200 7-216 /212 (-218 USER'S BANK CLEARING SYSTEM MERCHANT'S BANK (-210 NETWORK TERMINAL ( -202 /206 PAYMENT CARD/DEVICE C W O 20 17 /095 60 2 Al FIG. 2