News Column

Researchers Submit Patent Application, "Mobile Payment Service for Helping Consumer to Choose Payment Card", for Approval

June 12, 2014



By a News Reporter-Staff News Editor at Politics & Government Week -- From Washington, D.C., VerticalNews journalists report that a patent application by the inventors KIM, Han-Na (Seoul, KR); PARK, Chi-Young (Seoul, KR), filed on November 18, 2013, was made available online on May 29, 2014.

The patent's assignee is Kt Corporation.

News editors obtained the following quote from the background information supplied by the inventors: "Lately, consumers are able to make payments through various types of payment means including payment cards. The payment card is a card that might be used by a consumer and accepted by a merchant to make a payment for purchasing a good or a service. The payment card includes a credit card, a debit card, an automated teller machine (ATM), a charge card, a stored-value card, a gift card, and so forth.

"Due to advanced technologies of mobile devices, consumers frequently want to make payments using a mobile payment service. The mobile payment service is also referred to as mobile money or a mobile wallet. The mobile payment service is a payment service that enables a consumer to make payment via a mobile device based on a predetermined financial agreement or regulation. Instead of making a payment with cash, a consumer can use a mobile device such as user equipment including a smart phone to pay for a wide range of services and goods. The mobile payment service might be a different application form of a payment card. For example, a payment card might be issued through a mobile device and digitally installed in the mobile device. Furthermore, many payment card companies (e.g., credit card companies) provide a digital version of a payment card that can be digitally installed in a mobile device and used as a mobile payment.

"Due to various convenient features thereof, the mobile payment service has been popular among consumers. In general, the mobile payment service is provided to a consumer through a service application installed and executed in user equipment in connection with an associated service server. In order to provide the mobile payment service, the user equipment may collect necessary information from a plurality of merchants, process the collected information, and provide such processed information to a consumer through a user interface of the executed service application. Such operations require the user equipment to have high processing power and a large memory space."

As a supplement to the background information on this patent application, VerticalNews correspondents also obtained the inventors' summary information for this patent application: "This summary is provided to introduce a selection of concepts in a simplified form that is further described below in the Detailed Description. This summary is not intended to identify key features or essential features of the claimed subject matter, nor is it intended to be used to limit the scope of the claimed subject matter.

"Embodiments of the present invention overcome the above disadvantages and other disadvantages not described above. Also, the present invention is not required to overcome the disadvantages described above, and an embodiment of the present invention may not overcome any of the problems described above.

"In accordance with an aspect of the present embodiment, a service may be provided for helping a consumer to select a payment card returning the relatively best benefits among multiple payment cards of the consumer without requiring user equipment for collecting a large amount of information and for performing excessive amount of computation.

"In accordance with another aspect of the present invention, a service for selecting one of payment cards is provided through a service application installed and executed in user equipment by receiving a modularized code block from a service server, where the modularized code block contains information on beneficial payment cards associated with a target merchant.

"In accordance with at least one embodiment, a method is provided for providing a mobile payment service to a consumer by user equipment. Such a method may include receiving a modularized code block associated with a target merchant from a service server and displaying information on beneficial payment cards associated with the target merchant in a designated display area of a user interface of a service application, installed in and executed by the user equipment, by processing the received modularized code block. The beneficial payment cards may be payment cards returning membership benefits to the consumer when the consumer uses the beneficial payment cards to make a payment for a purchase from the target merchant.

"The receiving may include obtaining a merchant identification code from the target merchant and requesting the modularized code block in associated with the obtained merchant identification code to the service server.

"The generating may include generating the modularized code block using a predetermined code language by processing the information on beneficial payment cards of the target merchant.

"The information on beneficial payment cards may include card identification codes of beneficial payment cards classified by a payment card type and card identification codes of the classified beneficial payment cards sorted by a consumer preference of a member benefit type.

"The displaying may include displaying basic elements of the user interface of the service application with the designated display area emptied by executing the service application installed in the user equipment and displaying the information on beneficial payment cards associated with the target merchant in the designated display area of the user interface.

"The method may further include detecting beneficial payment cards owned by the consumer among the beneficial payment cards associated with the target merchant and displaying a display area of each one of the detected owned beneficial payment cards differently from others. The detecting may include registering owned payment cards at the service server, receiving information on card identification codes assigned to the registered owned payment cards from the service server, comparing the card identification codes assigned to the owned payment cards with card identification codes of the beneficial payment cards associated with the target merchant, and detecting the owned beneficial payment cards based on the comparison result.

"The method may further include receiving a selection input for selecting one of the beneficial payment cards from the consumer, generating a payment request based on the selected beneficial payment card based on the received selection input, and transmitting the payment request to a payment terminal of the target merchant.

"In accordance with at least one embodiment, a method may be provided for providing a mobile payment service to a consumer. The method of a service server may include generating a modularized code block using a predetermined code language by processing information on beneficial payment cards associated with a target merchant and providing the generated modularized code block in response to a request with a merchant identification code of the target merchant from user equipment. The beneficial payment cards are payment cards returning membership benefits to the consumer when the consumer uses the beneficial payment cards to make a payment for a purchase from the target merchant.

"The method may include receiving a registration request from the target merchant and assigning the merchant identification code to the target merchant in response to the registration request.

"The generating may include requesting information on the beneficial payment cards to the target merchant, receiving the requested information on the beneficial payment cards from the target merchant, processing the received information on the beneficial payment cards to the modularized code block, mapping the modularized code block to the merchant identification code of the target merchant, and storing the modularized code block with the merchant identification code in a form of a mapping table.

"The generating may include receiving the information on the beneficial payment cards from the target merchant, classifying the beneficial payment cards by a payment card type, sorting the classified beneficial payment cards by a consumer preference of a benefit type, generating the modularized code block by processing the sorting result, and storing the generated modularized code block with the merchant identification code of the target merchant in a form of a mapping table.

"The method may include receiving, from the user equipment, a request with a merchant identification code for an associated modularized code block and searching the associated modularized code block based on the merchant identification code included in the request.

"The generating may include generating the modularized code block to be compatible with a device environment of the user equipment and generating the modularized code block to be displayed in a designated display area of a user interface of an associated service application installed and executed in the user equipment.

"The generating may include generating the modularized code block using a hypertext markup language version 5 (HTLM 5).

"The providing may include transmitting the modularized code block to the user equipment. In this case, the user equipment displays basic elements of a user interface of an associated service application with a designated display area emptied by processing the associated service application installed in the user equipment and displays the information on the beneficial payment cards associated with the target merchant in the designated display area of the user interface by processing the transmitted modularized code block.

"The method may include receiving, from the user equipment, a request for registering payment cards owned by the consumer, assigning card identification codes to the owned payment cards, respectively, and providing information on the assigned card identification codes to the user equipment.

"In accordance with at least one embodiment, user equipment may be provided for providing a mobile payment service to a consumer. The user equipment may be configured to obtain a merchant identification code from a target merchant, request a modularized code block associated with the obtained merchant identification code to a service server, receive a modularized code block associated with the merchant identification code from the service server, and display information on beneficial payment cards associated with the target merchant in a designated display area of a user interface of a service application, installed in and executed by the user equipment, by processing the received modularized code block. The beneficial payment cards may be payment cards returning membership benefits to the consumer when the consumer uses the beneficial payment cards to make a payment for a purchase from the target merchant.

BRIEF DESCRIPTION OF THE DRAWINGS

"The above and/or other aspects of the present invention will become apparent and more readily appreciated from the following description of embodiments, taken in conjunction with the accompanying drawings, of which:

"FIG. 1 illustrates a payment card processing system in accordance with at least one embodiment;

"FIG. 2 and FIG. 3 illustrate a method for providing a service of helping a consumer to choose a payment card that returns the relatively best membership benefits to the consumer in accordance with at least one embodiment;

"FIG. 4 illustrates a modularized code block generated according to each merchant by a service server and stored at a service server in accordance with at least one embodiment;

"FIG. 5 illustrates a modularized code block transmitted to and stored and displayed at user equipment in accordance with at least one embodiment;

"FIG. 6 illustrates user equipment in accordance with at least one embodiment of the present invention; and

"FIG. 7 illustrates a service server in accordance with at least one embodiment of the present invention."

For additional information on this patent application, see: KIM, Han-Na; PARK, Chi-Young. Mobile Payment Service for Helping Consumer to Choose Payment Card. Filed November 18, 2013 and posted May 29, 2014. Patent URL: http://appft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&u=%2Fnetahtml%2FPTO%2Fsearch-adv.html&r=817&p=17&f=G&l=50&d=PG01&S1=20140522.PD.&OS=PD/20140522&RS=PD/20140522

Keywords for this news article include: Kt Corporation.

Our reports deliver fact-based news of research and discoveries from around the world. Copyright 2014, NewsRx LLC


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: Politics & Government Week


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters