ELECTRONIC PAYMENT SYSTEM

摘要

The present invention relates generally to cashless payment systems and, in particular, to an electronic payment system suitable for peer-to-peer payments. A transaction system comprising: a network connected device for receiving and communicating transaction data, the transaction data comprising data associated with payer account details, payee account details and a transaction value; and a payment server for receiving the transaction data from the network connected device, for facilitating a debit transaction to a first entity defined by the payer account details, and a credit transaction to a second entity defined by the payee account details, whereby the first entity debits a first account defined by the payer account details and the second entity credits a second account defined by the payee account details.

主权项

1. A transaction system comprising:
a network connected device for receiving and communicating transaction data, the transaction data comprising data associated with payer account details, payee account details and a transaction value; and a payment server for receiving the transaction data from the network connected device, for facilitating a debit transaction to a first entity defined by the payer account details, and a credit transaction to a second entity defined by the payee account details, whereby the first entity debits a first account defined by the payer account details and the second entity credits a second account defined by the payee account details.