Patent SG-11201808260T-A (SG)
Title: Method and system for instantaneous payment using recorded guarantees
Inventor: ROHLFING JOAN
IPC: G06Q20/06
Filed: 2017-03-28
Abstract: INTERNATIONAL APPLICATION PUBLISHED UNDER THE PATENT COOPERATION TREATY (PCT) (19) World Intellectual Property :::` , 111111411 011101011M 0101111 1 0 I HIM OH 011101011011110111 OE 1111 Organization International Bureau (10) International Publication Number 03 (43) International Publication Date .....•\"\"- WO 2017/192220 Al 09 November 2017 (09.11.2017) WIP0 I PCT (51) International Patent Classification: (72) Inventors: ROHLFING, Joan, Lee; 408 Pineview Valley G06Q 20/06 (2012.01) G06Q 20/38 (2012.01) Lane, Maryland Heights, MO 63043 (US). DAVIS, Steven, G06Q 20/36 (2012.01) Charles; 128 Glenallen Drive, Saint Peters, MO 63376 (21) International Application Number: (US). PCT/US2017/024424 (74) Agent: DOBBYN, Colm, J.; Mastercard International In- (22) International Filing Date: corporated, 2000 Purchase Street, Purchase, NY 10577 28 March 2017 (28.03.2017) (US). (25) Filing Language: English (81) Designated States (unless otherwise indicated, for every kind of national protection available): AE, AG, AL, AM, (26) Publication Language: English AO, AT, AU, AZ, BA, BB, BG, BH, BN, BR, BW, BY, BZ, (30) Priority Data: CA, CH, CL, CN, CO, CR, CU, CZ, DE, DJ, DK, DM, DO, 15/148,121 06 May 2016 (06.05.2016) US DZ, EC, EE, EG, ES, FI, GB, GD, GE, GH, GM, GT, HN, HR, HU, ID, IL, IN, IR, IS, JP, KE, KG, KH, KN, KP, KR, (71) Applicant: MASTERCARD INTERNATIONAL IN- KW, KZ, LA, LC, LK, LR, LS, LU, LY, MA, MD, ME, MG, CORPORATED [US/US]; 2000 Purchase Street, Pur- MK, MN, MW, MX, MY, MZ, NA, NG, NI, NO, NZ, OM, chase, NY 10577 (US). PA, PE, PG, PH, PL, PT, QA, RO, RS, RU, RW, SA, SC, (54) Title: METHOD AND SYSTEM FOR INSTANTANEOUS PAYMENT USING RECORDED GUARANTEES = _ = FIG. 1 114 = atri = Issuer Network Acquirer Processing Prommaing — Server Sere: = 102 — A' ..--1 10 = = = = = 104 = = Payment Network 112 106 108 = 1 1.1.11 1 iii 1 ° il = — of Payment Instrument = Consumer MereM int System 11 (57) : A method for processing a guaranteed electronic transaction, includes: storing account profile, each include an account _ Cp . number and balance; receiving a transaction message from an acquiring fmancial institution via a payment network, the message \" including a specific account number, transaction amount, and payment guarantee data; identifying a specific account profile that includes ei N the specific account number; deducting the transaction amount from the account balance in the specific account profile; generating a 01 record of payment guarantee that includes the transaction amount and data associated with the payment guarantee data; generating a return message including a response code indicating transaction approval and data associated with the generated record; transmitting the IN generated record to a computing system via a communication network; and transmitting the generated return message to the acquiring 1-1 C financial institution via the payment network. ei C [Continued on next page] WO 2017/192220 Al IMEDIMOM0101011MMEMOMOICEEHOHOMIONVOIMIE SD, SE, SG, SK, SL, SM, ST, SV, SY, TH, TJ, TM, TN, TR, TT, TZ, UA, UG, US, UZ, VC, VN, ZA, ZM, ZW. (84) Designated States (unless otherwise indicated, for every kind of regional protection available): ARIPO (BW, GH, GM, KE, LR, LS, MW, MZ, NA, RW, SD, SL, ST, SZ, TZ, UG, ZM, ZW), Eurasian (AM, AZ, BY, KG, KZ, RU, TJ, TM), European (AL, AT, BE, BG, CH, CY, CZ, DE, DK, EE, ES, FI, FR, GB, GR, HR, HU, IE, IS, IT, LT, LU, LV, MC, MK, MT, NL, NO, PL, PT, RO, RS, SE, SI, SK, SM, TR), OAPI (BF, BJ, CF, CG, CI, CM, GA, GN, GQ, GW, KM, ML, MR, NE, SN, TD, TG). Published: — with international search report (Art. 21(3))