METHOD FOR SETTLING MONETARY PAYMENTS Russian patent published in 2005 - IPC

Abstract RU 2244340 C2

FIELD: financial engineering.

SUBSTANCE: method involves communicating to settlement center after having acquired material code carrier, submits identification code and serial number of the acquired carrier device. The settlement center checks data correctness and creates personal database for particular subscriber. The subscriber indicates selected transaction code, its version code and value the subscriber agrees to pay on request of the settlement center. The settlement center assigns personal code to subscriber's transaction that is saved in the database of corresponding subscriber together with data on the transaction to be executed. The latter sends the first identification code to the settlement center and random sequence of random number of digits from the second identification code, transaction code. Executor executes the transaction which data are transmitted to the settlement center where the received data are saved in subscribers' databases.

EFFECT: provided payments on unlimited number of transactions with money fund owner anonymity being retained.

3 cl

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RU 2 244 340 C2

Authors

Nechiporuk S.S.

Misan A.P.

Shemet E.I.

Dates

2005-01-10Published

2002-12-03Filed