Mobile transaction system and method
First Claim
1. A transaction system for conducting financial transactions, cooperating with a mobile telephony network adapted to provide telephony services to a plurality of mobile phones, said system comprising:
- an administrating server adapted to administer accounts of merchants and customers, and adapted to communicate at a given time with at least one of the plurality of mobile phones of a customer via the mobile telephony network;
at least one of a plurality of communication units which are located at merchants'"'"' point of sale adapted to communicate with said administrating server;
wherein the communication unit is adapted to identify the mobile phone, and adapted to communicate to said administrating server a first communication message comprising transaction details, identifying the merchant, the customer and specifying an amount to be paid;
wherein said administrating server is adapted to communicate the transaction details in a second communication message via the mobile telephony network to the mobile phone for authorization by the customer, and adapted to receive authorization from the customer in a third communication message from the mobile phone via the mobile telephony network;
wherein said administrating unit is further adapted to communicate a transaction authorization in a fourth communication message to said communication unit;
wherein said communication unit is adapted to finalize the transaction by communicating a fifth communication message to said administrating server;
and wherein said administrating server is adapted, after receiving the finalizing message to debit the customer'"'"'s account in the amount to be paid and credit the merchant'"'"'s account accordingly.
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Abstract
A transaction system and method for conducting financial transactions, cooperating with a mobile telephony network adapted to provide telephony services to a plurality of mobile phones is disclosed. The system comprises: an administrating server adapted to administer accounts of merchants and customers, and adapted to communicate at a given time with at least one of the plurality of mobile phones of a customer via the mobile telephony network; at least one of a plurality of communication units which are located at merchants'"'"' point of sale adapted to communicate with said administrating server; wherein the communication unit is adapted to identify the mobile phone, and adapted to communicate to said administrating server a first communication message comprising transaction details, identifying the merchant, the customer and specifying an amount to be paid; wherein said administrating server is adapted to communicate the transaction details in a second communication message via the mobile telephony network to the mobile phone for authorization by the customer, and adapted to receive authorization from the customer in a third communication message from the mobile phone via the mobile telephony network; wherein said administrating unit is further adapted to communicate a transaction authorization in a fourth communication message to said communication unit; wherein said communication unit is adapted to finalize the transaction by communicating a fifth communication message to said administrating server; and wherein said administrating server is adapted, after receiving the finalizing message to debit the customer'"'"'s account in the amount to be paid and credit the merchant'"'"'s account accordingly.
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Citations
49 Claims
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1. A transaction system for conducting financial transactions, cooperating with a mobile telephony network adapted to provide telephony services to a plurality of mobile phones, said system comprising:
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an administrating server adapted to administer accounts of merchants and customers, and adapted to communicate at a given time with at least one of the plurality of mobile phones of a customer via the mobile telephony network;
at least one of a plurality of communication units which are located at merchants'"'"' point of sale adapted to communicate with said administrating server;
wherein the communication unit is adapted to identify the mobile phone, and adapted to communicate to said administrating server a first communication message comprising transaction details, identifying the merchant, the customer and specifying an amount to be paid;
wherein said administrating server is adapted to communicate the transaction details in a second communication message via the mobile telephony network to the mobile phone for authorization by the customer, and adapted to receive authorization from the customer in a third communication message from the mobile phone via the mobile telephony network;
wherein said administrating unit is further adapted to communicate a transaction authorization in a fourth communication message to said communication unit;
wherein said communication unit is adapted to finalize the transaction by communicating a fifth communication message to said administrating server;
and wherein said administrating server is adapted, after receiving the finalizing message to debit the customer'"'"'s account in the amount to be paid and credit the merchant'"'"'s account accordingly. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 25, 26, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 46, 47, 48, 49)
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24. A transaction system for conducting financial transactions, cooperating with a first mobile telephony network adapted to provide telephony services to a plurality of mobile phones and at least one of a plurality of mobile phones of visitors originally registered with a second mobile telephony network , said system comprising:
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a first administrating server adapted to administer accounts of merchants and customers, and adapted to communicate at a given time with at least one of the plurality of mobile phones of a customer via the mobile telephony network, a second administrating server similar to the first administrating server, operating in the second mobile telephony network, administering accounts of the visitors and adapted to communicate with said first administrating server;
at least one of a plurality of communication units which are located at merchants'"'"' point of sale adapted to communicate with said first administrating server;
wherein the communication unit is adapted to identify the visitor'"'"'s mobile phone, and adapted to communicate to said first administrating server a first communication message comprising transaction details, identifying the merchant, the visitor and specifying an amount to be paid;
wherein said first administrating server is adapted verify the visitors identification details and balance wioth the second administrating server, to communicate the transaction details in a second communication message via the mobile telephony network to the visitor'"'"'s mobile phone for authorization by the visitor, and adapted to receive authorization from the visitor in a third communication message from the mobile phone via the mobile telephony network;
wherein said first administrating unit is further adapted to communicate a transaction authorization in a fourth communication message to said communication unit;
wherein said communication unit is adapted to finalize the transaction by communicating a fifth communication message to said first administrating server;
and wherein said first administrating server is adapted, after receiving the finalizing message to communicate with said second administrating server and facilitate debiting the visitor'"'"'s account in the amount to be paid and credit the merchant'"'"'s account accordingly.
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27. A method of conducting transactions, incorporating with a mobile telephony network adapted to provide telephony services to a plurality of mobile phones, said method comprising the steps of:
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1. providing an administrating server adapted to administer accounts of merchants and customers, and adapted to communicate at a given time with at least one of the plurality of mobile phones of a customer via the mobile telephony network;
2. providing at least one of a plurality of communication units which are located at merchants'"'"' point of sale adapted to communicate with said administrating server;
3. identifying of the mobile phone by said communication unit;
4. communicating a first communication message comprising transaction details, identifying the merchant, the customer and specifying an amount to be paid from said communication unit to said administrating server;
5. communicating the transaction details in a second communication message from the administrating server via the mobile telephony network to the mobile phone for authorization by the customer, and receiving authorization from the customer in a third communication message from the mobile phone via the mobile telephony network to said administrating server;
6. communicating a transaction authorization in a fourth communication message to from said administrating server said communication unit;
7. finalizing the transaction by communicating a fifth communication message from said communication unit to said administrating server;
8. debiting the customer'"'"'s account in the amount to be paid and crediting the merchant'"'"'s account accordingly.
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45. A method of conducting transactions, incorporating with a first mobile telephony network adapted to provide telephony services to a plurality of mobile phones and visitors mobile phones, originally registered to a second mobile telephony network, said method comprising the steps of:
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1. providing a first administrating server adapted to administer accounts of merchants and customers, and adapted to communicate at a given time with at least one of the plurality of mobile phones of a customer via the mobile telephony network;
2. providing a second administrating server similar to the first administrating server, operating in the second mobile telephony network, administering accounts of the visitors and adapted to communicate with said first administrating server;
3. providing at least one of a plurality of communication units which are located at merchants'"'"' point of sale adapted to communicate with said first administrating server;
4. identifying the visitor'"'"'s mobile phone by said communication unit;
communicating a first communication message comprising transaction details, identifying the merchant, the visitor and specifying an amount to be paid from said communication unit to said first administrating server;
5. verifying the visitors identification details and balance with the second administrating server;
6. communicating the transaction details in a second communication message from said first administrating server via the first mobile telephony network to the visitor'"'"'s mobile phone for authorization by the visitor;
7. authorizing the transaction by the visitor in a third communication message from the mobile phone via the first mobile telephony network to said first administrating server;
8. communicating from said first administrating server a transaction authorization in a fourth communication message to said communication unit;
9. finalizing the transaction by communicating a fifth communication message from said communication unit to said first administrating server;
10. communicating between said first administrating server with said second administrating server and facilitating debiting the visitor'"'"'s account in the amount to be paid and credit the merchant'"'"'s account accordingly.
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Specification