Abstract: This invention relates to the field of commerce and in particular to a method of transferring funds using a payment card. Existing funds transfer systems suffer from a number of problems including for example lengthy delays associated with their delivery, high processing costs and high administrative costs. To alleviate these difficulties the present invention provides a method of transferring funds from a first payment cardholder to a second payment cardholder comprising the steps of; receiving an indication from the first cardholder that a transfer of funds is required to the second cardholder, generating a first payment card transaction between a first merchant and the first cardholder for a negative amount associated with the value of funds to be transferred, and generating a second payment card transaction between a second merchant and the second cardholder for a positive amount associated with the value of funds to be transferred.

Abstract: The present invention relates to the field of e-commerce and in particular to making purchases on-line using payment card, for example debit, charge or credit cards. The concept of the present invention adopts an alternative approach to security methods presently employed to protect cardholders. The concept obviates the need for a cardholder to transmit Card Numbers along with other purchasing details at the time of purchase and couples this with the use of a password feature. This renders the transaction akin to a Bank Cash withdrawal that Bank/card Schemes are totally happy with from a security point of view but are reluctant to allow e-commerce and/or any others access to their “network” to ensure Security.

Abstract: The present invention relates to card payment systems. In particular, the present invention relates to systems and methods for processing payment card transactions in a dynamic currency conversion and/or multi-currency scheme. To operate correctly, ghost transactions are used. However to prevent duplication of debits against the Card Holder, these “ghost copy” transactions must not be processed into the card schemes with the normal transactions. Thus the Acquirer's and/or third parties host systems have to be amended, in addition to modifications to the related accounting thereof.

Abstract: The present invention relates to Card Payment Systems for use in a multi-currency environment. In particular, the present invention provides a system and method for identifying an appropriate currency for individual transactions conducted using a card payment system, using the steps of identifying (50) an identifier code (60(1-n)) from a payment card, and determining (52) from the identifier code (60(1-n)) a suitable currency (61(1-n)) for association with said payment card transaction. The identifier code is preferably a portion of the card number of the payment card. The transaction may be processed (54) in the suitable currency or the transaction amounts may be displayed in the suitable currency for information purposes.