WO2000004470A1 - Low-cost instruction processing for financial transactions - Google Patents
Low-cost instruction processing for financial transactions Download PDFInfo
- Publication number
- WO2000004470A1 WO2000004470A1 PCT/DE1999/001910 DE9901910W WO0004470A1 WO 2000004470 A1 WO2000004470 A1 WO 2000004470A1 DE 9901910 W DE9901910 W DE 9901910W WO 0004470 A1 WO0004470 A1 WO 0004470A1
- Authority
- WO
- WIPO (PCT)
- Prior art keywords
- customer
- company
- order
- banking
- financial transactions
- Prior art date
Links
Classifications
-
- G—PHYSICS
- G06—COMPUTING; CALCULATING OR COUNTING
- G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
- G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
- G06Q40/02—Banking, e.g. interest calculation or account maintenance
Definitions
- the invention relates to a method for processing Kun ⁇ denaufträgen to financial companies.
- Such customer orders are, for example, orders for financial transactions to banks, credit institutions and similar companies.
- Financial transactions are understood to mean in particular individual transfers and standing orders, as well as deposit orders.
- Bank customers can use Ho e-Banking to conduct their business, in particular orders, with the bank from a personal computer, at home or at work, or from an appropriate bank terminal. Two categories of home banking products are available for implementation.
- the so-called online client is offered on the Internet.
- the user records the orders without a direct connection to the server and then sends them together to the bank.
- the user has to send the orders manually. Automation is not possible because today's customer systems are usually not always ready for operation and therefore the execution cannot be guaranteed. Furthermore, administration, ie submitting, changing and deleting scheduled one-time or recurring transactions in offline mode, is not implemented.
- One reason for this is that the order data is not can be kept consistently redundant in the customer system. This data may have changed in another way since the last online connection, for example in writing or when visiting a bank. Realized solutions therefore establish a connection to the credit institution's system before entering changes, and fetch the latest status of the saved orders from there in order to clearly reference the data record to be processed.
- the customer system in particular is the stationary one
- the invention has for its object to provide a method of the type mentioned, with which the bank customer can process the order placement with his bank in a time and cost-saving manner.
- the method according to the invention offers the customer in particular the possibility of subsequently processing or deleting orders already placed, of course before execution.
- the automatic connection between the customer system and the financial company and the consistency check between the current orders at the customer and at the bank enable the customer to save time and money in the context of home banking.
- the invention is based on an order from the customer to a company, respectively a financial company.
- the order can be, for example, a one-time transfer, a standing order or an order to buy or sell shares.
- Companies are all banks, credit institutions or savings banks through which financial transactions can be processed.
- the order is represented by an order data record which is stored in the customer, for example in a personal computer, and in the company, for example in a server.
- the order may have been placed during an online connection between the customer and the company, in writing or through a personal visit by the customer to the company. In the following, such orders are considered which are to be executed one or more times.
- a change to the order is saved as a change data record at the customer.
- No connection to the company's server is provided to create the change data record, so that there are no waiting times and no fees.
- a communication connection to the company's server is established automatically from the customer system at predefined times, with favorable network tariffs.
- a comparison of the order data records at the customer and at the company is then carried out. This consistency check determines whether the current order data record has been processed at the customer. If the comparison result is positive, the change data record is transferred from the customer to the company. This brings the order data record for the customer and the company up to date. If the comparison turns out to be negative, ie if the customer has changed an order data record that the company did not have in this form, a message is displayed, for example, an error message issued on the customer system.
- the customer then has the option to update the order data record with the company in writing or as part of an online connection.
Abstract
Description
Claims
Priority Applications (1)
Application Number | Priority Date | Filing Date | Title |
---|---|---|---|
EP99942729A EP1095351A1 (en) | 1998-07-15 | 1999-07-01 | Low-cost instruction processing for financial transactions |
Applications Claiming Priority (2)
Application Number | Priority Date | Filing Date | Title |
---|---|---|---|
DE19831824.3 | 1998-07-15 | ||
DE19831824 | 1998-07-15 |
Publications (1)
Publication Number | Publication Date |
---|---|
WO2000004470A1 true WO2000004470A1 (en) | 2000-01-27 |
Family
ID=7874165
Family Applications (1)
Application Number | Title | Priority Date | Filing Date |
---|---|---|---|
PCT/DE1999/001910 WO2000004470A1 (en) | 1998-07-15 | 1999-07-01 | Low-cost instruction processing for financial transactions |
Country Status (2)
Country | Link |
---|---|
EP (1) | EP1095351A1 (en) |
WO (1) | WO2000004470A1 (en) |
Citations (3)
Publication number | Priority date | Publication date | Assignee | Title |
---|---|---|---|---|
WO1990000281A1 (en) * | 1988-06-30 | 1990-01-11 | Jml Communications, Inc. | Portable personal banking system |
US5093787A (en) * | 1986-06-12 | 1992-03-03 | Simmons John C | Electronic checkbook with automatic reconciliation |
US5220501A (en) * | 1989-12-08 | 1993-06-15 | Online Resources, Ltd. | Method and system for remote delivery of retail banking services |
-
1999
- 1999-07-01 WO PCT/DE1999/001910 patent/WO2000004470A1/en not_active Application Discontinuation
- 1999-07-01 EP EP99942729A patent/EP1095351A1/en not_active Withdrawn
Patent Citations (3)
Publication number | Priority date | Publication date | Assignee | Title |
---|---|---|---|---|
US5093787A (en) * | 1986-06-12 | 1992-03-03 | Simmons John C | Electronic checkbook with automatic reconciliation |
WO1990000281A1 (en) * | 1988-06-30 | 1990-01-11 | Jml Communications, Inc. | Portable personal banking system |
US5220501A (en) * | 1989-12-08 | 1993-06-15 | Online Resources, Ltd. | Method and system for remote delivery of retail banking services |
Non-Patent Citations (1)
Title |
---|
GERARD ET AL: "Die Virtuelle Bank oder "Being Digital"", WIRTSCHAFTSINFORMATIK, vol. 37, no. 6, December 1995 (1995-12-01), pages 529 - 538, XP000857541 * |
Also Published As
Publication number | Publication date |
---|---|
EP1095351A1 (en) | 2001-05-02 |
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