An Electronic Transaction System Using Long-lived Proxy Details For Business Transaction With A Merchant

  • Published: Sep 21, 2017
  • Earliest Priority: Aug 25 2016
  • Family: 1
  • Cited Works: 0
  • Cited by: 0
  • Cites: 0
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Abstract The present invention there is provides an electronic transaction system for executing machine code for a proxy payment method comprising the steps of: receiving payment details from a user; issuing proxy details; receiving a first payment request from a merchant with the proxy details; verifying the first payment request with the proxy details; generating a second payment request to one or more financial institute; receiving payment confirmation from the financial institute; and wiring payment to the merchant. 1 0 2 \1 Payment Details 11. 112 11 0i--itCreate Proxy Details ~~rx Details II Setup PaymenA Proxy D)etails 100 " 116-- " Proxy Details 118" Figure 2 Paye*nt Request with Proxy Details 134 Lookup real details based on proxy details Validate that Merchant is Authorised Payment Request with ReaI Details d a tPayment142 Payment 144 Figure 3

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Document History
  • Publication: Sep 21, 2017
  • Application: Aug 22, 2017
    AU AU 2017/101144 A
  • Priority: Aug 25, 2016
    AU AU 2016/903382 A

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