CCB Achieves Major Breakthrough in Intellectual Property Management

Recently, CCB’s “Method and System in Handling Transfers in Online Banking” has been granted an invention patent (Patent No.: ZL 2003.1.0102363.8) by the State Intellectual Property Office, PRC.  This signifies that CCB will enjoy sole execution right, assignment right, licensing right and logo right of this patent before October 26th 2023.  This is the first patent application CCB has filed with the State Intellectual Property Office ever since it started comprehensively managing intellectual property in 2003.  The success of this application is therefore a major breakthrough of CCB’s work on intellectual property management.  With the obtaining of the logo right of its “e-Route” and the granting of the present patent right, CCB’s electronic banking has already obtain intellectual property right in the area of logo and patent, which should go a long way in helping it build up its core competence.

This is CCB's first patent for a business method and is also one of the few business method patents in China’s banking industry. In this patent, an innovative transfer method is described. Instead of the former transfer process in which only the paying customer participates, it proposes a business process which allows participation of the payee customer, the party responsible for logistics and shipping, a bank and other third customers. Moreover, the business flow of each participant is completed electronically. Since this business process can be expanded without any restriction, it can satisfy to a maximum extent all types of practical business requirements, thereby solving the problem of online usage of different types of traditional paper bills such as cheques, bank drafts, banker’s acceptance bills, and commercial acceptance bills.  This method patent can therefore be regarded as a foundation for “electronic bills, a pioneer of a new business area in “electronic bills” and an effective way of seamlessly integrating electronic bills to electronic business processes. Currently, the payment tool adopted by a well known personal shopping website is in fact a simple application of this patent. This technology packed method patent is a product of combining an innovative financial service product with information technology and is an important patent in the field of online banking. It will provide CCB with a high ground in competing for market share in the area of electronic bills.

Since CCB kicked off its work on intellectual property management in 2003, it has successively achieved a number of major developments.  So far, its has established a relatively comprehensive set of rules and processes for the management of intellectual properties; the amount of intellectual property under its possession has been increasing all the time; its core logos have been receiving all-round intellectual property protection; and the award of the patent right of a business method is a major breakthrough.  Work on intellectual property management serves an increasingly greater role in the protection of financial innovations and in facilitating inventions and creations.

News link:

An introduction to the “Method and System in Handling Transfers in Online Banking”

This invention describes a method and a system of handling transfers in online banking for general use.  Its characteristic steps include: (a) A paying customer sends out an instruction for carrying out transfer through an online banking system; (b) the online banking system verifies the identity of the customer, receives and analyses the instruction and provides feedback to the payee customer and paying customer; (c) the payee customer gives transfer details to the online banking through a customer terminal; (d) the online banking system processes the transfer transaction, completes the transaction actions and feedback information to the payee customer and the paying customer.  This invention can be extensively applied to online banking systems of banks.  Its transfer transaction requires the participation of two or more parties and can be fully integrated with electronic business and is the best transfer actualisation model in the electronic business age.