A MOBILE DEFERRED PAYMENT SYSTEM AND METHOD Field of the Invention

The present invention relates to a mobile payment system and method which enables to solve bouncing problems in deferred payment transactions and to follow the payment which is made.

Background of the Invention

Today, check is method for payment used for a person to pay another person. In physical check flow, the payer has a check book given by the bank, they write a due date and sign it, the payee goes to the related bank with the check when its due date comes, and withdraws the money from the payer account. In this case, first the payer should go the bank branch and request for a check book, and should wait for the delivery process for the bank. In case the check book ends, the process starts over. Additionally, in case there is no sufficient amount in the payer's account, the checks cannot be written since the payee cannot be paid.

United States Patent Document no US2010198733, an application known in the state of the art, discloses a payment method realized for a paperless check. In the said method, mobile devices of two people are used for payment. Furthermore, the checks can be endorsed over a third party by using mobile devices.

International Patent Document no WO2009088273, an application known in the state of the art, discloses a method used for determining whether a check is bounced. In the said method, the checks can be queried whether they are certified. The said blocking process can be realized via short messages. Summary of the Invention The objective of the present invention is to provide a mobile deferred payment system and method which enables to make and receive deferred money transfer (check) 7/24 and via which the information (due date, amount, holder/drawer, etc.) of the checks which can be endorsed, written or received via a mobile application, and which operates in smart devices.

Another objective of the present invention is to provide a mobile deferred payment system and method which enables to guarantee that the payee receives the payment in time. A further objective of the present invention is to provide a mobile deferred payment system and method wherein there is no obligation to be a bank customer in order to receive payment and transfer the received payments.

Yet another objective of the present invention is to provide a mobile deferred payment system and method in which the users can become indebted in an instant with time by means of the overdraft account limit with their smart mobile devices and can make transaction with payment guarantee for the payee.

Detailed Description of the Invention

A mobile deferred payment system and method developed to fulfill the objective of the present invention is illustrated in the accompanying figures wherein: Figure 1 is steps of the mobile deferred payment method.

Figure 2 is the steps of mobile endorsing method. Figure 3 is the steps of mobile check cancellation method.

Figure 4 is the steps of mobile check allowance method.

The components shown in the figure are each given reference numerals as follows:

100. Mobile deferred payment method

101. Entrance to a mobile device via a smart device,

102. Entering the mobile phone number of the payee and the due date,

103. Transferring the entered data to a bank server through an application,

104. Querying the mobile check limit of the payer in the bank server,

105. Sending the information to the application server as a result of the query if the mobile check limit of the payer is sufficient,

106. Blocking the amount transferred by the payer by the bank server in the drawing account,

107. Transferring the mobile check generated by the payer to the smart device of the payee in order to present to the confirmation of the payee, 200. Mobile endorsing method

201. The former check holder entering to a mobile application via a smart device,

202. The former check holder entering the mobile phone number of the new check holder,

203. Transferring the entered data to a bank server through an application,

204. Transferring the endorsed check information to the smart device of the new check holder,

300. Mobile check cancellation method

301. The payer entering to a mobile application via a smart device, 302. The payer entering the check cancellation request to the mobile application,

303. Transferring the check cancellation request to the payee through the application server,

304. Transferring the check cancellation request accepted by the payee to the bank server through the application server,

305. Bringing the limit blocked by the bank to the use of the payer again.

400. Mobile check allowance method

401. The check holder entering to a mobile application via a smart device if they are bank client,

402. The check holder requesting a check allowance transaction through the mobile application,

403. Transferring the allowance request of the check holder to the bank server through the application server,

404. The bank depositing the related amount to the account of the check holder.

A mobile deferred payment system, which enables to make money transfer 7/24 and follow the transactions that are made via a mobile application, essentially comprises

At least one smart device which the payer and/or payee uses,

At least one application server which is on the smart device and enables wireless data communication,

- At least one bank server which transfers the information which are entered to the bank.

In one embodiment of the invention, data transfer is made via internet by using data network. A mobile deferred payment method (100), which enables to make money transfer 7/24 and follow the transactions that are made via a mobile application, essentially comprises

Entrance to a mobile device via a smart device (101),

Entering the mobile phone number of the payee and the due date (102),

Transferring the entered data to a bank server through an application (103),

Querying the mobile check limit of the payer in the bank server (104),

Sending the information to the application server as a result of the query if the mobile check limit of the payer is sufficient (105),

Blocking the amount transferred by the payer by the bank server in the drawing account (106),

Transferring the mobile check generated by the payer to the smart device of the payee in order to present to the confirmation of the payee (107).

In the inventive mobile deferred payment method (100), the information are entered through the application and the mobile check is prepared virtually, in one embodiment of the invention the limit of the mobile check is determined according to the overdraft account (OA) limit allocated by the bank.

In the inventive mobile deferred payment method (100), when the user registers to the application as the payer or the payee, preferably half of the amount of the noncash loan limit, if there is determined by the bank to them is determined. This credit limit can be called as mobile term in the application. In one embodiment of the invention, the users can increase this credit limit through the bank branch. OA is a kind of non-cash credit.

In the inventive mobile deferred payment method (100), the payee enters into the mobile application through a smart device (101). In one embodiment of the invention, the smart device can be a phone or a tablet. They enter the mobile phone number of the payee and the due date in order to send a check to the payee (102). In another embodiment of the invention, name or e-mail address of the payee can be entered. The said phone number, name, and the e-mail address are associated with the drawing account of the user, this information is requested from the payer during application and the users are registered to the application server with their phone numbers.

The use of the inventive mobile deferred payment method (100) is not limited to certain days and periods. The user can make check payment or check collection whenever they want. The data entered to the mobile application are transferred to a bank server through an application (103). The mobile check limit of the payer is queried in the bank server (104). The information is sent to the application server as a result of the query performed by the bank server if the mobile check limit of the payer is sufficient (105). The amount transferred by the payer is blocked by the bank server in the drawing account of the payer (106). The application server transfers the mobile check generated by the payer to the smart device of the payee in order to present to the confirmation of the payee (107). The process of sending for the confirmation of the user is performed through the application in the smart device in an embodiment of the invention, while confirmation is made via SMS in another embodiment of the invention.

If the payee does not confirm the check in 1 day period determined by the bank, the payer can cancel the check through the mobile application. Of the unconfirmed check is cancelled by the payer, the payee application server informs. In one embodiment of the invention, this notification can be sent to the payee's phone via SMS, or it can be followed through the application server.

In a preferred embodiment of the invention, due checks are collected from the drawing account if the balance of the payer is enough, and they are collected from the overdraft account (OA) generated for credit limit called as granted date opened for them by the bank if the balance is not enough; the drawing account used according to the payment sent by the payer is closed. OA is a non-cash credit limit, other non-cash credit limits can be used in other embodiments of the present invention. For example, if the payer writes a check of 1000 TL, a limit of 1000 TL in the granted limit is blocked. If the payee is a bank client, the amount which is sent is transferred to the client account; if they are not bank client, the amount is transferred to a bag account formed for project. By means of this payment form, the payments that are made are guaranteed by the bank.

In the inventive mobile deferred payment method (100), if the check is not confirmed by the payee in 1 day period determined by the bank, the payer is notified by the application server. When the check is not confirmed by the payee, the limit blocked by the bank is again opened to the use of the payer.

In the inventive mobile deferred payment method (100), there is no obligation that the payee uses a mobile application. If the payee does not use the mobile application, the received payments and the transactions can be confirmed via SMS.

In one embodiment of the invention, the check holder can turn over the check to another person with mobile endorsing method (200). In the mobile endorsing method (200), the former check holder enters to the mobile application through a smart device (201). The former check holder enters the mobile phone number of the new check holder (202). The name of the new payee, the amount to be transferred or the due date information can be entered as well as the mobile phone number. The entered data are transferred to a bank server through an application server (203). The application server transfers the check turned over by the former check holder to the smart device of the new check holder in order to present it for the confirmation of the new check holder (204). If the new check holder confirms the check, the check turnover transaction is performed. In a preferred embodiment, the check confirmed by the new payee is listed under the step of "Endorsed checks" present in the mobile application. In case the new check holder does not confirm the check, the former check holder is notified by the application server.

In one embodiment of the invention, mobile check cancellation method (300) is performed through a mobile application. The payer enters to a mobile application via a smart device (301). The payer enters the check cancellation request to the mobile application (302). The check cancellation request is transferred to the payee through the application server (303). If the check cancellation request is accepted by the payer, the application server transfers this data to the bank server (304). The limit blocked by the bank is presented to the use of the payer again (305).

In the check cancellation method (300), if the payee does not accept the check cancellation request sent by the payer through mobile application, cancellation is not realized. The check is collected from the account of the payer when the check arrives at maturity.

In another embodiment of the invention, the check holder can lend the check on security to the bank with the mobile check allowance method (400) and can request credit in cash. This method comprises the steps of the check holder entering to a mobile application via a smart device if they are bank client (401), the check holder requesting a check allowance transaction through the mobile application (402), transferring the allowance request of the check holder to the bank server through the application server (403), the bank depositing the related amount to the account of the check holder (404).

In the check allowance method (400), the check holder realizes allowance transaction at the bank branch if they are not bank client; the amount is paid to the check holder in cash.