Patent SG-11201807324Q-A (SG)
Title: An electronic payment system and method thereof
Inventor: ASBE DILIP
IPC: G06Q20/38
Filed: 2017-05-12
Abstract: INTERNATIONAL APPLICATION PUBLISHED UNDER THE PATENT COOPERATION TREATY (PCT) (19) World Intellectual Property 1111111011110111011111111111111111111111111111111111111111111111111111111111111110111111 Organization International Bureau (10) International Publication Number (43) International Publication Date .....0\"\"\" WO 2017/221085 Al 28 December 2017 (28.12.2017) WIP0 I PCT (51) International Patent Classification: (81) Designated States (unless otherwise indicated, for every GO6Q 20/08 (2012.01) GO6Q 20/32 (2012.01) kind of national protection available): AE, AG, AL, AM, GO6Q 20/10 (2012.01) GO6Q 20/38 (2012.01) AO, AT, AU, AZ, BA, BB, BG, BH, BN, BR, BW, BY, BZ, GO6Q 20/22 (2012.01) GOOF 17/30 (2006.01) CA, CH, CL, CN, CO, CR, CU, CZ, DE, DJ, DK, DM, DO, (21) International Application Number: DZ, EC, EE, EG, ES, FI, GB, GD, GE, GH, GM, GT, HN, PCT/IB2017/052793 HR, HU, ID, IL, IN, IR, IS, JP, KE, KG, KH, KN, KP, KR, KW, KZ, LA, LC, LK, LR, LS, LU, LY, MA, MD, ME, MG, (22) International Filing Date: MK, MN, MW, MX, MY, MZ, NA, NG, NI, NO, NZ, OM, 12 May 2017 (12.05.2017) PA, PE, PG, PH, PL, PT, QA, RO, RS, RU, RW, SA, SC, (25) Filing Language: English 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. (26) Publication Language: English (84) Designated States (unless otherwise indicated, for every (30) Priority Data: kind of regional protection available): ARIPO (BW, GH, 201621021488 22 June 2016 (22.06.2016) IN GM, KE, LR, LS, MW, MZ, NA, RW, SD, SL, ST, SZ, TZ, UG, ZM, ZW), Eurasian (AM, AZ, BY, KG, KZ, RU, TJ, (71) Applicant: NATIONAL PAYMENTS CORPO- TM), European (AL, AT, BE, BG, CH, CY, CZ, DE, DK, RATION OF INDIA [IN/IN]; 1001A, B Wing, 10th Floor, EE, ES, FL FR, GB, GR, HR, HU, IE, IS, IT, LT, LU, LV, The Capital, Bandra-Kurla Complex, Bandra (East), Mum- MC, MK, MT, NL, NO, PL, PT, RO, RS, SE, SI, SK, SM, bai, Maharashtra 400051 (IN). TR), OAPI (BF, BJ, CF, CG, CI, CM, GA, GN, GQ, GW, — (72) Inventors: ASBE, Dilip; B2 Divine Home Colony KM, ML, MR, NE, SN, TD, TG). L.M.Road, Borivli West Mumbai, Maharashtra 400103 = (IN). RAJENDRAN, Narayanan; 202 Marutivilas Apt, Declarations under Rule 4.17: 213/ 3RT, VijayNagar Colony Hyderabad, Andra Pradesh — as to the identity of the inventor (Rule 4.17(i)) = 500057 (IN). PALAGIRI, Sateesh; 2192, A P Yella Red- — of inventorship (Rule 4.17(iv)) — dy, Nakkaladinne Chapadu mandal Kadapa district Kada- pa, Andhra Pradesh 516355 (IN). SHARMA, Anubhav; Published: — — with international search report (Art. 21(3)) 402, Plot 11A Sri Ram Niwas Tatta Niwasi CoOp Hsg So- ciety Pestom Sagar — Lane No. 3 Opposite Shopper's Stop, = Chembur Mumbai, Maharashtra 400089 (IN). = (74) Agent: DEWAN, Mohan; R. K. Dewan & Co. Podar = Chambers, S. A. Brelvi Road, Fort, Mumbai-, Maharashtra = 400001 (IN). = = = = (54) Title: AN ELECTRONIC PAYMENT SYSTEM AND METHOD THEREOF = (57) : The present disclosure envisages an electronic pay- = 1000 ment system and method. This disclosure relates to the field of elec- = tronic payment systems. The electronic payment system facilitates = sending and receiving money in a simpler manner using user de- - — It a interface (UPI) and enables users vices. provides unified payments = 1004 to push and pull/collect payments from accounts of concerned per- sons/entities. The system of the disclosure enables present payment — 1004a 1004b 1004c transactions between a payer and a payee without mandatorily need- and account details of each other. elimi- ing bank information bank It in pc nates the risk of storing customer's account details and can be used by customers which do not have credit/debit cards. It provides payment transaction privacy and facilitates multiple utility, cash on delivery, N.7 0 1008 —1. 1006 bill splitting/sharing, merchant payments/remittances. The electronic 1-1 100 the disclosure inter- payment system of present works across various ei ei IN 1-1 © FIGURE 1 ei faces, where payment requests can be generated on a web interface and authorized on a mobile interface (application tool). C