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Cellular phone-based automatic payment system

  • US 20050238149A1
  • Filed: 04/05/2005
  • Published: 10/27/2005
  • Est. Priority Date: 04/24/2004
  • Status: Active Grant
First Claim
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1. An electronic payment system comprising:

  • a Radio Frequency (RF) Module that has a monetary value stored in its non-volatile memory, said module being attached or embedded in a Cellular Phone;

    a reading device or Reader installed in a point of payment location which communicates with the said Module and performs the function of deducting the payment from the balance stored in the value to effect the payment;

    a small computer acting as a local server that is networked to a plurality of Readers;

    a Wide Area Network which interconnects the local server to a central processing facility and a cellular phone network;

    a central processing facility or back-end that collects and processes data from the Readers situated in different locations;

    a cellular phone network which acts as a medium to exchange data between Readers, servers and back-end.

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