Dongxin Peace Technology Obtains Patent for "Mileage Billing Digital Currency Payment Method and System", Enhancing Payment Efficiency and Security

Dongxin Peace Technology Obtains Patent for "Mileage Billing Digital Currency Payment Method and System", Enhancing Payment Efficiency and SecurityFinancial World, September 11, 2024 - Tianyancha intellectual property information shows that Dongxin Peace Technology Co., Ltd

Dongxin Peace Technology Obtains Patent for "Mileage Billing Digital Currency Payment Method and System", Enhancing Payment Efficiency and Security

Financial World, September 11, 2024 - Tianyancha intellectual property information shows that Dongxin Peace Technology Co., Ltd. has obtained a patent for a "Mileage Billing Digital Currency Payment Method and System", with the authorization announcement number CN115456614B, and the application date being August 2022.

This patent aims to address the issues of low efficiency and insufficient security in existing mileage billing and payment processes. The patent abstract reveals that the invention discloses a mileage billing digital currency payment method and system, including the following steps:

1. Obtain Startup Instruction: When the user initiates the payment service, the system will receive a startup instruction.

2. Generate Authentication Request: Based on the startup instruction, the system generates the first authentication request data and sends it to the platform.

3. Platform Authentication: The platform receives the authentication request data and performs verification. Upon successful verification, it returns the first authentication response data.

4. Collect Business Data: The system receives the platform's authentication response data and performs authentication. Upon successful authentication, it collects business data from the platform.

5. Encrypt Business Data: The system encrypts the business data based on the first authentication response data, obtaining encrypted business data and sending it to the platform.

6. Receive Payment Request: The system receives a mileage payment request message from the platform.

7. Negotiation Result Generation: The system compares the negotiation information based on the payment request message and generates a negotiation result.

8. Mileage Payment Response: If the negotiation result is successful, the system sends a mileage payment response message to the platform, including the negotiation result and transaction information.

Through these steps, the patent enables automation and digitization of the mileage billing and payment process, thereby enhancing efficiency and security.

Specifically, the patent improves efficiency and security in the following ways:

• Automated Payment Process: By automatically completing steps such as initiation, authentication, data collection, encryption, payment requests, and responses, the system streamlines the payment process, improving payment efficiency.

• Encryption Technology Safeguards Data Security: Encryption of business data ensures the security of data transmission.

• Platform Authentication Mechanism: The platform authentication mechanism effectively prevents malicious attacks, enhancing payment security.

• Confirmation of Negotiation Result: The confirmation mechanism for negotiation results ensures the authenticity and validity of transactions, avoiding unnecessary disputes.

It is reported that this patent can be widely applied in the field of mileage billing digital currency payment technology, such as billing and payment for taxis, trucks, buses, and other vehicles requiring mileage billing, as well as other scenarios where mileage billing is needed.

As a company focused on information technology, Dongxin Peace Technology Co., Ltd. has been committed to technological innovation, continuously exploring safer and more efficient payment solutions. This patent demonstrates its technical prowess and foreshadows the increased maturity and popularity of mileage billing digital currency payment technology in the future.

With the continuous development of digital currency technology and the expansion of application scenarios, mileage billing digital currency payment technology will usher in a broader application prospect. The patent achievements of Dongxin Peace Technology Co., Ltd. will provide strong support for the application and promotion of this technology, bringing users a more convenient, secure, and efficient payment experience.