Methods and Systems For Managing Payment Sources in a Mobile Environment

• US 20080010215A1
• Filed: 07/06/2006
• Published: 01/10/2008
• Est. Priority Date: 07/06/2006
• Status: Active Grant

• Current Assignee: Qualcomm, Inc.
• Original Assignee: Firethorn Holdings LLC (Qualcomm, Inc.)
• Inventors: Cochran, Kyle Leighton, Porter, Warren Derek, Rackley III, Brady Lee, Rickman, Gregory Michael
• Granted Patent: US 8,467,766 B2
• Time in Patent Office: Days
• US Class Current: 705/70
• CPC Class Codes: G06Q 20/042 characterized in that the payment protocol involves at least one cheque
• CPC Class Codes: G06Q 20/108 Remote banking, e.g. home banking
• CPC Class Codes: G06Q 20/14 specially adapted for billing systems
• CPC Class Codes: G06Q 20/223 based on the use of peer-to-peer networks
• CPC Class Codes: G06Q 20/322 Aspects of commerce using mobile devices [M-devices]
• CPC Class Codes: G06Q 20/3221 Access to banking information through M-devices
• CPC Class Codes: G06Q 20/3223 Realising banking transactions through M-devices
• CPC Class Codes: G06Q 20/325 using wireless networks
• CPC Class Codes: G06Q 20/326 Payment applications installed on the mobile devices
• CPC Class Codes: G06Q 20/385 using an alias or single-use codes
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03

Abstract

Methods and systems for selecting a payment source for use in making a mobile financial payment utilizing a mobile device such as a mobile telephone (cellphone) or wireless connected personal digital assistant (PDA). A mobile financial transaction system (MFTS) is coupled for electronic communications with one or more financial service providers with which the user maintains one or more accounts, and also for wireless communications with mobile devices. The mobile device displays information corresponding to accounts available to the user as a payment source for use in connection with making a payment using the mobile device. The user selects a payment source for making a payment. The mobile device generates a mobile payment instruction comprising information corresponding to the payment and a selected payment source. The mobile payment instruction is wirelessly communicated to the MFTS. The MFTS generates an MFTS payment instruction that includes an amount, information corresponding to the identified payee, and information indicating the selected payment source. The MFTS payment instruction is communicated to the payment instruction recipient, which effects the payment utilizing the selected payment source.

Claims

34. A mobile financial transaction system operative for allowing user selection of a payment source for use in making a mobile financial payment using a mobile device connected for communications with a wireless network, comprising the steps of:

a user mobile device coupled for wireless communications with a mobile financial transaction system (MFTS), the mobile device operative for wirelessly receiving summarized payment source information from the MFTS, displaying one or more selectable accounts for making the payment, receiving user input corresponding to selection of a payment source for making a payment, generating a mobile payment instruction to the MFTS indicating a payment to make, and wirelessly communicating the mobile payment instruction to the MFTS;

a mobile financial transaction system (MFTS) database associated with the MFTS for storing user information, payment to make information associated with the one or more payees, and payment source information associated with at least one account associated with at least one financial service provider of a user;

a mobile financial transaction system (MFTS) computer system for maintaining the MFTS database and conducting electronic communications between entities involved in mobile financial payments; and

MFTS software operative on the MFTS computer system comprising program code for carrying out the computer-implemented steps of;

providing information to a user mobile device corresponding to a payment to make;

providing information to a user mobile device corresponding to a plurality of accounts available to the user as a payment source for use in connection with making the payment;

in response to receipt of a mobile payment instruction from a mobile device, retrieving information from the MFTS database corresponding to an identified payee for receiving the payment indicated by the payment instruction and information corresponding to the selected payment source identified in the payment instruction;

generating an MFTS payment instruction to a payment instruction recipient, the MFTS payment instruction including at least an amount, information corresponding to the identified payee, and information indicating the selected payment source; and

communicating the MFTS payment instruction from the MFTS to the payment instruction recipient,

whereby the payment instruction recipient, in response to receipt of the MFTS payment instruction, effects a payment to the identified payee utilizing the selected payment source.

35. The system of claim 34, wherein the payment instruction recipient is one of a financial service provider, a billing aggregator, or an individual billing entity.

36. The system of claim 34, wherein the selected payment source comprises a financial service provider with whom the user maintains a relationship, and wherein the financial service provider maintains one or more accounts on behalf of the user that are selectable for use as the payment source.

37. The system of claim 36, wherein the user maintains a relationship with a plurality of financial service providers, and wherein the selection of a payment source comprises selection of an account at one of the plurality of financial service providers.

38. The system of claim 34, wherein the MFTS software is further operative for receiving payment to make information corresponding to a payment to be made by the user to a payee.

39. The system of claim 38, wherein the MFTS software is further operative for:

generating summarized payment to make information based on the payment to make information, the summarized payment to make information comprising a predetermined selected subset of the payment to make information; and

wirelessly communicating the summarized payment to make information from the MFTS to the user mobile device via the MCSP.

40. The system of claim 34, wherein the mobile payment instruction includes information identifying a selected account at a selected financial service provider.

41. The system of claim 34, wherein the payment to make information comprises payment to make information provided to the MFTS by an external source, is input by the user via an Internet-accessible web site accessible by the user for input of payment to make information and payee information, or is input by the user at the mobile device.

42. The system of claim 41, wherein the external source for the payment to make information comprises a bill presentment system that provides bill information from a plurality of billing entities as well as an individual billing entity.

43. The system of claim 34, wherein the payment to make information comprises information corresponding to one or more of the following:

a recurring bill, a bill from a billing aggregator, a bill from an individual billing company, a “

pay anyone”

payment.

44. The system of claim 34, wherein the information corresponding to the payment to make displayed at the user mobile device comprises information based on the summarized payment to make information.

45. The system of claim 34, wherein the information corresponding to the plurality of accounts available to the user as a payment source for use in connection with making the payment comprises summarized payment source information.

46. The system of claim 34, wherein the step of displaying information corresponding to the payment to make and/or the plurality of accounts at the user mobile device is effected in response to user activation of a predetermined function on the mobile device.

47. The system of claim 46, wherein the user activation of a predetermined function causes the MFTS retrieve information from a source of payment to make information and/or a payment source and forward the information to the user mobile device upon receipt.

48. The system of claim 34, wherein the step of displaying information corresponding to the payment to make at the user mobile device is provided in response to receipt at the mobile device of a text message from the MFTS.

49. The system of claim 34, further comprising a Mobile Wallet application on the user mobile device.

50. The system of claim 49, wherein the Mobile Wallet application provides a display on the mobile device of selectable commands including one or more of a View Bills command, a View Payment Sources command, and a Pay Bill(s) command.

51. The system of claim 49, wherein the Mobile Wallet application is operative to receive user input corresponding to selection of a payment to make in response to display of a View Bills command.

52. The system of claim 49, wherein user activation of the View Bills command causes the MFTS to retrieve bill information from a bill presentment system and communicate the bill information to the mobile device upon receipt of such information from the bill presentment system.

53. The system of claim 49, wherein the user input corresponding to selection of a payment source for making a payment is provided in response to display of a View Payment Sources command.

54. The system of claim 49, wherein user activation of the View Payment Sources command causes the MFTS to retrieve current account information from one or more financial service providers and communicate the current account information to the mobile device upon receipt of such information from the one or more financial service providers.

55. The system of claim 34, wherein the selection of a payment source for making a payment includes selection of a financial service provider and selection of a particular account associated with the selected financial service provider for making the payment.

56. The system of claim 34, wherein a default payment source is stored as user information, wherein the mobile device displays a prompt to the user to use the default payment source or select another payment source, and wherein in the absence of selection of another available payment source by the user, the default payment source is utilized to make the payment.

57. The system of claim 34, wherein the MFTS database stores transaction information corresponding to a user'"'"'s financial transactions, the transaction information including the payment to make information in addition to other information utilized to track status of user payments.

58. The system of claim 57, wherein the transaction information includes one or more of the following items of information:

a user ID number, a transaction identifier, a bill received date, a bill due date, an amount, a financial service provider identifier, an account identifier, a payee identifier, a pending/complete flag.

59. The system of claim 34, wherein the MFTS software is further operative for receiving a payment confirmation message from the payment source in response to completion of a predetermined stage in making the payment.

60. The system of claim 59, wherein the MFTS software is further operative for communicating a payment confirmation message to the mobile device in response to receipt of the payment confirmation message from the payment source.

61. The system of claim 34, wherein the mobile device is further operative for:

receiving user input corresponding to selection of a payment method for making a payment; and

in response to the user input, including information in the mobile payment instruction corresponding to the selected method for making the payment.

62. The system of claim 61, wherein the selectable payment methods include:

a recipient-defined method, an ACH funds transfer, a paper check, and a stored value (SV) card.

63. The system of claim 34, wherein the MFTS is coupled for electronic communications with a user'"'"'s computer via a data communications network such as the Internet, and further comprising the steps of:

providing a web application in association with the MFTS;

receiving user information via the web application; and

storing the user information input via the web application in the MFTS database for use in connection with transactions initiated via the user mobile device.

64. The system of claim 63, wherein the user information received via the web application includes information corresponding to financial service providers, accounts at financial service providers, and payees.

65. The system of claim 63, wherein the MFTS software is further operative for retrieving and displaying transaction information corresponding to transactions conducted via the user mobile device, via the web application, to a user via user'"'"'s computer.

66. The system of claim 34, wherein the user mobile device stores a cached account balance in the mobile device representative of the balance in the at least one account as of a particular date;

wherein the mobile device receives updated account balance information for the account; and

wherein in response to receipt of updated account balance information, the mobile device displays updated account balance information corresponding to the account to the user.

67. A method for selecting a payment source for use in making a mobile financial payment using a mobile device connected for communications with a wireless network, comprising the steps of:

wirelessly receiving summarized payment source information at a mobile device from a mobile financial transaction system (MFTS), the summarized payment source information based on payment source information received from a financial service provider with whom a user maintains a relationship;

displaying information corresponding to a payment to make at the user mobile device;

displaying information corresponding to a plurality of accounts available to the user as a payment source for use in connection with making the payment;

receiving user selection of a payment source from the plurality of available accounts;

generating a mobile payment instruction comprising information corresponding to the payment and a selected payment source for making the payment; and

wirelessly communicating the mobile payment instruction from the user mobile device to the MFTS,

whereby the MFTS effects the payment to utilizing the selected payment source.

1. A method for selecting a payment source for use in making a mobile financial payment using a mobile device connected for communications with a wireless network, comprising the steps of:

providing a mobile financial transaction system (MFTS) coupled for wireless communications with a mobile device of a user using a mobile communication service provider (MCSP), the MFTS coupled for electronic communication with one or more financial service providers with which the user maintains one or more accounts, the MFTS including a mobile financial transaction system (MFTS) database for storing user information, payment to make information associated with the one or more payees, and payment source information associated with at least one account associated with at least one financial service provider;

displaying information corresponding to a payment to make at the user mobile device;

displaying information corresponding to a plurality of accounts available to the user as a payment source for use in connection with making the payment;

at the user mobile device, receiving user input corresponding to selection of a payment source for making the payment;

at the user mobile device in response to the user input, generating a mobile payment instruction comprising information corresponding to the payment and a selected payment source for making the payment;

wirelessly communicating the mobile payment instruction from the user mobile device to the MFTS;

at the MFTS and in response to receipt of the mobile payment instruction, retrieving information from the MFTS database corresponding to an identified payee for receiving the payment indicated by the payment instruction and information corresponding to the selected payment source identified in the payment instruction;

at the MFTS, generating a MFTS payment instruction to a payment instruction recipient, the MFTS payment instruction including at least an amount, information corresponding to the identified payee, and information indicating the selected payment source;

communicating the MFTS payment instruction from the MFTS to the payment instruction recipient; and

at the payment instruction recipient, in response to receipt of the MFTS payment instruction, effecting a payment to the identified payee utilizing the selected payment source.

2. The method of claim 1, wherein the payment instruction recipient is one of a financial service provider, a billing aggregator, or an individual billing entity.

3. The method of claim 1, wherein the selected payment source comprises a financial service provider with whom the user maintains a relationship, and wherein the financial service provider maintains one or more accounts on behalf of the user that are selectable for use as the payment source.

4. The method of claim 3, wherein the user maintains a relationship with a plurality of financial service providers, and wherein the selection of a payment source comprises selection of an account at one of the plurality of financial service providers.

5. The method of claim 1, further comprising the step of receiving payment to make information at the MFTS corresponding to a payment to be made by the user to a payee.

6. The method of claim 5, further comprising the steps of:

generating summarized payment to make information at the MFTS based on the payment to make information, the summarized payment to make information comprising a predetermined selected subset of the payment to make information; and

wirelessly communicating the summarized payment to make information from the MFTS to the user mobile device via the MCSP.

7. The method of claim 1, wherein the mobile payment instruction includes information identifying a selected account at a selected financial service provider.

8. The method of claim 1, wherein the payment to make information comprises payment to make information provided to the MFTS by an external source, is input by the user via an Internet-accessible web site accessible by the user for input of payment to make information and payee information, or is input by the user at the mobile device.

9. The method of claim 8, wherein the external source for the payment to make information comprises a bill presentment system that provides bill information from a plurality of billing entities as well as an individual billing entity.

10. The method of claim 1, wherein the payment to make information comprises information corresponding to one or more of the following:

a recurring bill, a bill from a billing aggregator, a bill from an individual billing company, a “

pay anyone”

payment.

11. The method of claim 1, wherein the information corresponding to the payment to make displayed at the user mobile device comprises information based on the summarized payment to make information.

12. The method of claim 1, wherein the information corresponding to the plurality of accounts available to the user as a payment source for use in connection with making the payment comprises summarized payment source information.

13. The method of claim 1, wherein the step of displaying information corresponding to the payment to make and/or the plurality of accounts at the user mobile device is effected in response to user activation of a predetermined function on the mobile device.

14. The method of claim 13, wherein the user activation of a predetermined function causes the MFTS retrieve information from a source of payment to make information and/or a payment source and forward the information to the user mobile device upon receipt.

15. The method of claim 1, wherein the step of displaying information corresponding to the payment to make at the user mobile device is provided in response to receipt at the mobile device of a text message from the MFTS.

16. The method of claim 1, further comprising the step of providing a Mobile Wallet application on the user mobile device.

17. The method of claim 16, wherein the Mobile Wallet application provides a display on the mobile device of selectable commands including one or more of a View Bills command, a View Payment Sources command, and a Pay Bill(s) command.

18. The method of claim 16, further comprising the step of receiving user input corresponding to selection of a payment to make is provided in response to display of a View Bills command.

19. The method of claim 16, wherein user activation of the View Bills command causes the MFTS to retrieve bill information from a bill presentment system and communicate the bill information to the mobile device upon receipt of such information from the bill presentment system.

20. The method of claim 16, wherein the user input corresponding to selection of a payment source for making a payment is provided in response to display of a View Payment Sources command.

21. The method of claim 16, wherein user activation of the View Payment Sources command causes the MFTS to retrieve current account information from one or more financial service providers and communicate the current account information to the mobile device upon receipt of such information from the one or more financial service providers.

22. The method of claim 1, wherein the selection of a payment source for making a payment includes selection of a financial service provider and selection of a particular account associated with the selected financial service provider for making the payment.

23. The method of claim 1, wherein a default payment source is stored as user information, wherein the mobile device displays a prompt to the user to use the default payment source or select another payment source, and wherein in the absence of selection of another available payment source by the user, the default payment source is utilized to make the payment.

24. The method of claim 1, wherein the MFTS database stores transaction information corresponding to a user'"'"'s financial transactions, the transaction information including the payment to make information in addition to other information utilized to track status of user payments.

25. The method of claim 24, wherein the transaction information includes one or more of the following items of information:

a user ID number, a transaction identifier, a bill received date, a bill due date, an amount, a financial service provider identifier, an account identifier, a payee identifier, a pending/complete flag.

26. The method of claim 1, further comprising the step of receiving a payment confirmation message from the payment source at the MFTS in response to completion of a predetermined stage in making the payment.

27. The method of claim 26, further comprising the step of communicating a payment confirmation message to the mobile device in response to receipt of the payment confirmation message from the payment source.

28. The method of claim 1, further comprising the steps of:

at the user mobile device, receiving user input corresponding to selection of a payment method for making a payment; and

at the user mobile device in response to the user input, including information in the mobile payment instruction corresponding to the selected method for making the payment.

29. The method of claim 28, wherein the selectable payment methods include:

a recipient-defined method, an ACH funds transfer, a paper check, and a stored value (SV) card.

30. The method of claim 1, wherein the MFTS is coupled for electronic communications with a user'"'"'s computer via a data communications network such as the Internet, and further comprising the steps of:

providing a web application in association with the MFTS;

receiving user information via the web application; and

storing the user information input via the web application in the MFTS database for use in connection with transactions initiated via the user mobile device.

31. The method of claim 30, wherein the user information received via the web application includes information corresponding to financial service providers, accounts at financial service providers, and payees.

32. The method of claim 31, further comprising the step of retrieving and displaying transaction information corresponding to transactions conducted via the user mobile device, via the web application, to a user via user'"'"'s computer.

33. The method of claim 1, further comprising the steps of:

storing a cached account balance in the mobile device representative of the balance in the at least one account as of a particular date;

receiving updated account balance information from the MFTS at the user mobile device; and

in response to receipt of updated account balance information from the MFTS, displaying updated account balance information corresponding to the account to the user via the mobile device.

68. The method of claim 67, wherein the MFTS utilizes information from the mobile payment instruction to provide an instruction to a payment instruction recipient, and wherein the payment instruction recipient is one of a financial service provider, a billing aggregator, or an individual billing entity.

69. The method of claim 67, wherein the selected payment source comprises a financial service provider with whom the user maintains a relationship, and wherein the financial service provider maintains one or more accounts on behalf of the user that are selectable for use as the payment source.

70. The method of claim 69, wherein the user maintains a relationship with a plurality of financial service providers, and wherein the selection of a payment source comprises selection of an account at one of the plurality of financial service providers.

71. The method of claim 67, further comprising the step of receiving summarized payment to make information from the MFTS, the summarized payment to make information comprising a predetermined selected subset of the payment to make information received by the MFTS from a source of payment information;

and

displaying at least a portion of the summarized payment to make information on the mobile device.

72. The method of claim 67, wherein the mobile payment instruction includes information identifying a selected account at a selected financial service provider.

73. The method of claim 67, wherein the payment to make information comprises payment to make information provided to the MFTS by an external source, is input by the user via an Internet-accessible web site accessible by the user for input of payment to make information and payee information, or is input by the user at the mobile device.

74. The method of claim 73, wherein the external source for the payment to make information comprises a bill presentment system that provides bill information from a plurality of billing entities as well as an individual billing entity.

75. The method of claim 67, wherein the payment to make information comprises information corresponding to one or more of the following:

a recurring bill, a bill from a billing aggregator, a bill from an individual billing company, a “

pay anyone”

payment.

76. The method of claim 67, wherein the information corresponding to the payment to make displayed at the user mobile device comprises information based on the summarized payment to make information.

77. The method of claim 67, wherein the step of displaying information corresponding to the payment to make and/or the plurality of accounts at the user mobile device is effected in response to user activation of a predetermined function on the mobile device.

78. The method of claim 77, wherein the user activation of a predetermined function causes the MFTS retrieve information from a source of payment to make information and/or a payment source and forward the information to the user mobile device upon receipt.

79. The method of claim 67, wherein the step of displaying information corresponding to the payment to make at the user mobile device is provided in response to receipt at the mobile device of a text message from the MFTS.

80. The method of claim 67, further comprising the step of providing a Mobile Wallet application on the user mobile device.

81. The method of claim 80, wherein the Mobile Wallet application provides a display on the mobile device of selectable commands including one or more of a View Bills command, a View Payment Sources command, and a Pay Bill(s) command.

83. The method of claim 80, wherein user activation of the View Bills command causes the MFTS to retrieve bill information from a bill presentment system and communicate the bill information to the mobile device upon receipt of such information from the bill presentment system.

84. The method of claim 80, wherein the user input corresponding to selection of a payment source for making a payment is provided in response to display of a View Payment Sources command.

85. The method of claim 80, wherein user activation of the View Payment Sources command causes the MFTS to retrieve current account information from one or more financial service providers and communicate the current account information to the mobile device upon receipt of such information from the one or more financial service providers.

86. The method of claim 67, wherein the selection of a payment source for making a payment includes selection of a financial service provider and selection of a particular account associated with the selected financial service provider for making the payment.

87. The method of claim 67, wherein a default payment source is stored as user information, wherein the mobile device displays a prompt to the user to use the default payment source or select another payment source, and wherein in the absence of selection of another available payment source by the user, the default payment source is utilized to make the payment.

88. The method of claim 67, wherein a payment confirmation message is provided from the payment source to the MFTS in response to completion of a predetermined stage in making the payment, and further comprising the step of receiving a mobile device payment confirmation message from the MFTS in response to receipt of a payment confirmation message from the payment source.

89. The method of claim 67, wherein the mobile device is further operative for:

receiving user input corresponding to selection of a payment method for making a payment; and

in response to the user input, including information in the mobile payment instruction corresponding to the selected method for making the payment.

90. The method of claim 89, wherein the selectable payment methods include:

a recipient-defined method, an ACH funds transfer, a paper check, and a stored value (SV) card.

91. The method of claim 67, further comprising the steps of:

storing a cached account balance in the mobile device representative of the balance in the at least one account as of a particular date;

receiving updated account balance information from the MFTS to the user mobile device; and

whereby in response to receipt of updated account balance information from the MFTS, the mobile device displays updated account balance information corresponding to the account to the user.

81-1. The method of claim 80, further comprising the step of receiving user input corresponding to selection of a payment to make is provided in response to display of a View Bills command.

92. A mobile device for selecting a payment source for making a mobile financial payment via a wireless network, comprising:

a mobile device connected for wireless communications via a mobile communication service provider to a mobile financial transaction system (MFTS), the mobile device including a display, user input means, a processor, and a memory; and

mobile device software operative on the mobile device processor comprising program code for carrying out the computer-implemented steps of;

wirelessly receiving summarized payment source information from a mobile financial transaction system (MFTS), the summarized payment source information based on payment source information received from a financial service provider with whom a user maintains a relationship;

displaying information corresponding to a payment to make;

displaying information corresponding to a plurality of accounts available to the user as a payment source for use in connection with making the payment;

receiving user selection of a payment source from the plurality of available accounts;

generating a mobile payment instruction comprising information corresponding to the payment and a selected payment source for making the payment; and

wirelessly communicating the mobile payment instruction to the MFTS,

whereby in response to receipt of the mobile payment instruction, the MFTS effects the payment utilizing the selected payment source.

93. The device of claim 92, wherein MFTS, in response to receipt of the mobile payment instruction, provides an instruction to a payment instruction recipient to effect the payment, and wherein the payment instruction recipient is one of a financial service provider, a billing aggregator, or an individual billing entity.

94. The device of claim 92, wherein the selected payment source comprises a financial service provider with whom the user maintains a relationship, and wherein the financial service provider maintains one or more accounts on behalf of the user that are selectable for use as the payment source.

95. The device of claim 94, wherein the user maintains a relationship with a plurality of financial service providers, and wherein the selection of a payment source comprises selection of an account at one of the plurality of financial service providers.

96. The device of claim 92, wherein the mobile device software is operative for:

receiving summarized payment to make information from the MFTS, the summarized payment to make information comprising a predetermined selected subset of the payment to make information received by the MFTS from a source of payment information; and

displaying at least a portion of the summarized payment to make information on the mobile device.

97. The device of claim 92, wherein the mobile payment instruction includes information identifying a selected account at a selected financial service provider.

98. The device of claim 92, wherein the payment to make information comprises payment to make information provided to the MFTS by an external source, is input by the user via an Internet-accessible web site accessible by the user for input of payment to make information and payee information, or is input by the user at the mobile device.

99. The device of claim 98, wherein the external source for the payment to make information comprises a bill presentment system that provides bill information from a plurality of billing entities as well as an individual billing entity.

100. The device of claim 92, wherein the payment to make information comprises information corresponding to one or more of the following:

a recurring bill, a bill from a billing aggregator, a bill from an individual billing company, a “

pay anyone”

payment.

101. The device of claim 92, wherein the information corresponding to the payment to make displayed at the user mobile device comprises information based on the summarized payment to make information.

102. The device of claim 92, wherein the displaying of information corresponding to the payment to make and/or the plurality of accounts at the user mobile device is effected in response to user activation of a predetermined function on the mobile device.

103. The device of claim 102, wherein the user activation of a predetermined function causes the MFTS retrieve information from a source of payment to make information and/or a payment source and forward the information to the mobile device upon receipt.

104. The device of claim 92, wherein the displaying of information corresponding to the payment to make is provided in response to receipt at the mobile device of a text message from the MFTS.

105. The device of claim 92, wherein the mobile device software comprises a Mobile Wallet application.

106. The device of claim 105, wherein the Mobile Wallet application provides a display on the mobile device of selectable commands including one or more of a View Bills command, a View Payment Sources command, and a Pay Bill(s) command.

107. The device of claim 105, wherein the Mobile Wallet application is operative for receiving user input corresponding to selection of a payment to make in response to display of a View Bills command.

108. The device of claim 105, wherein user activation of a View Bills command causes the MFTS to retrieve bill information from a bill presentment system and communicate the bill information to the mobile device upon receipt of such information from the bill presentment system.

109. The device of claim 105, wherein the user input corresponding to selection of a payment source for making a payment is provided in response to display of a View Payment Sources command.

110. The device of claim 105, wherein user activation of a View Payment Sources command causes the MFTS to retrieve current account information from one or more financial service providers and communicate the current account information to the mobile device upon receipt of such information from the one or more financial service providers.

111. The device of claim 92, wherein the selection of a payment source for making a payment includes selection of a financial service provider and selection of a particular account associated with the selected financial service provider for making the payment.

112. The device of claim 92, wherein a default payment source is stored as user information, wherein the mobile device software is further operative for displaying a prompt to the user to use the default payment source or select another payment source, and wherein in the absence of selection of another available payment source by the user, the default payment source is utilized to make the payment.

113. The device of claim 92, wherein a payment confirmation message is provided from the payment source to the MFTS in response to completion of a predetermined stage in making the payment, and further comprising the step of receiving a mobile device payment confirmation message from the MFTS in response to receipt of a payment confirmation message from the payment source.

114. The device of claim 92, wherein the mobile device software is further operative for:

receiving user input corresponding to selection of a payment method for making a payment; and

in response to the user input, including information in the mobile payment instruction corresponding to the selected method for making the payment.

115. The device of claim 114, wherein the selectable payment methods include:

a recipient-defined method, an ACH funds transfer, a paper check, and a stored value (SV) card.

116. The device of claim 92, wherein the user mobile device stores a cached account balance in the mobile device representative of the balance in the at least one account as of a particular date;

wherein the mobile device receives updated account balance information for the account; and

wherein in response to receipt of updated account balance information, the mobile device displays updated account balance information corresponding to the account to the user.

117. A method for allowing user selection of a payment source for use in making a mobile financial payment via a mobile device connected for communications with a wireless network, comprising the steps of:

providing a mobile financial transaction system (MFTS) coupled for wireless communications with a mobile device of a user using a mobile communication service provider (MCSP), the MFTS coupled for electronic communication with one or more financial service providers with which the user maintains one or more accounts, the MFTS including a mobile financial transaction system (MFTS) database for storing user information, payment to make information associated with the one or more payees, and payment source information associated with at least one account associated with at least one financial service provider;

wirelessly receiving a mobile payment instruction from a mobile device comprising information corresponding to a payment to be made on behalf of the mobile device user and a selected payment source for making the payment;

in response to receipt of the mobile payment instruction, retrieving information from the MFTS database corresponding to an identified payee for receiving the payment indicated by the payment instruction and information corresponding to the selected payment source identified in the payment instruction;

generating an MFTS payment instruction to a payment instruction recipient, the MFTS payment instruction including at least an amount, information corresponding to the identified payee, and information indicating the selected payment source; and

communicating the MFTS payment instruction from the MFTS to the payment instruction recipient,

whereby, in response to receipt of the MFTS payment instruction, the payment instruction recipient effects a payment to the identified payee utilizing the selected payment source.

118. The method of claim 117, wherein the payment instruction recipient is one of a financial service provider, a billing aggregator, or an individual billing entity.

119. The method of claim 117, wherein the selected payment source comprises a financial service provider with whom the user maintains a relationship, and wherein the financial service provider maintains one or more accounts on behalf of the user that are selectable for use as the payment source.

120. The method of claim 119, wherein the user maintains a relationship with a plurality of financial service providers, and wherein the selection of a payment source comprises selection of an account at one of the plurality of financial service providers.

121. The method of claim 117, further comprising the step of receiving payment to make information at the MFTS corresponding to a payment to be made by the user to a payee.

122. The method of claim 121, further comprising the steps of:

generating summarized payment to make information at the MFTS based on the payment to make information, the summarized payment to make information comprising a predetermined selected subset of the payment to make information; and

wirelessly communicating the summarized payment to make information from the MFTS to the user mobile device.

123. The method of claim 117, wherein the mobile payment instruction includes information identifying a selected account at a selected financial service provider, and further comprising the step retrieving current account balance information from the selected financial service provider and wirelessly communicating the current account balance information to the mobile device.

124. The method of claim 117, wherein the payment to make information comprises payment to make information provided to the MFTS by an external source, is input by the user via an Internet-accessible web site accessible by the user for input of payment to make information and payee information, or is input by the user at the mobile device.

125. The method of claim 124, wherein the external source for the payment to make information comprises a bill presentment system that provides bill information from a plurality of billing entities as well as an individual billing entity.

126. The method of claim 117, wherein the payment to make information comprises information corresponding to one or more of the following:

a recurring bill, a bill from a billing aggregator, a bill from an individual billing company, a “

pay anyone”

payment.

127. The method of claim 117, wherein the information corresponding to the plurality of accounts available to the user as a payment source for use in connection with making the payment comprises summarized payment source information.

128. The method of claim 117, further comprising the step of wirelessly providing information to a user mobile device corresponding to the payment to make and/or a plurality of accounts in response to user activation of a predetermined function on the mobile device.

129. The method of claim 128, wherein the user activation of a predetermined function causes the MFTS retrieve information from a source of payment to make information and/or a payment source and forward the information to the user mobile device upon receipt.

130. The method of claim 117, further comprising the step of providing a downloadable Mobile Wallet application for execution on the user mobile device.

131. The method of claim 130, wherein the Mobile Wallet application provides a display on a mobile device of selectable commands including one or more of a View Bills command, a View Payment Sources command, and a Pay Bill(s) command.

132. The method of claim 130, wherein user activation of a View Bills command causes the MFTS to retrieve bill information from a bill presentment system and communicate the bill information to the mobile device upon receipt of such information from the bill presentment system.

133. The method of claim 130, wherein user activation of a View Payment Sources command causes the MFTS to retrieve current account information from one or more financial service providers and communicate the current account information to the mobile device upon receipt of such information from the one or more financial service providers.

134. The method of claim 117, wherein the mobile payment instruction includes selection of a financial service provider and selection of a particular account associated with the selected financial service provider for making the payment.

135. The method of claim 117, wherein a default payment source is stored as user information, and wherein in the absence of selection of another available payment source by the user, the default payment source is utilized to make the payment.

136. The method of claim 117, wherein the MFTS database stores transaction information corresponding to a user'"'"'s financial transactions, the transaction information including the payment to make information in addition to other information utilized to track status of user payments.

137. The method of claim 136, wherein the transaction information includes one or more of the following items of information:

a user ID number, a transaction identifier, a bill received date, a bill due date, an amount, a financial service provider identifier, an account identifier, a payee identifier, a pending/complete flag.

138. The method of claim 117, further comprising the step of receiving a payment confirmation message from the payment source in response to completion of a predetermined stage in making the payment.

139. The method of claim 138, further comprising the step of communicating a payment confirmation message to the mobile device in response to receipt of the payment confirmation message from the payment source.

140. The method of claim 117, wherein the mobile payment instruction includes information provided by the user corresponding to a selected one of a plurality of selectable payment methods for making the payment.

141. The method of claim 140, wherein the selectable payment methods include:

a recipient-defined method, an ACH funds transfer, a paper check, and a stored value (SV) card.

142. The method of claim 117, wherein the MFTS is coupled for electronic communications with a user'"'"'s computer via a data communications network such as the Internet, and further comprising the steps of:

providing a web application in association with the MFTS;

receiving user information via the web application; and

storing the user information input via the web application in the MFTS database for use in connection with transactions initiated via the user mobile device.

143. The method of claim 142, wherein the user information received via the web application includes information corresponding to financial service providers, accounts at financial service providers, and payees.

144. The method of claim 142, further comprising the step of retrieving and displaying transaction information corresponding to transactions conducted via the user mobile device, via the web application, to a user via a user'"'"'s computer.

145. The method of claim 117, further comprising the steps of:

communicating with the financial service provider to obtain updated account balance information for the account; and

wirelessly communicating updated account balance information from the MFTS to the user mobile device;

whereby in response to receipt of updated account balance information from the MFTS, the user mobile device displays updated account balance information corresponding to the account to the user.

146. A mobile financial transaction system (MFTS) for allowing user selection of a payment source for use in making a mobile financial payment via a mobile device connected for communications with a wireless network, comprising:

a mobile financial transaction system (MFTS) database for storing user information and payment to make information, and payment source information associated with a mobile device user;

a mobile financial transaction system (MFTS) computer system for maintaining the MFTS database and conducting electronic communications between entities involved in mobile financial payments, including one or more financial service providers with which a user maintains one or more accounts selectable as a payment source; and

MFTS software operative on the MFTS computer system comprising program code for carrying out the computer-implemented steps of;

wirelessly receiving a mobile payment instruction from a mobile device comprising information corresponding to a payment to be made on behalf of the mobile device user and a selected payment source for making the payment;

in response to receipt of the mobile payment instruction, retrieving information from the MFTS database corresponding to an identified payee for receiving the payment indicated by the payment instruction and information corresponding to the selected payment source identified in the payment instruction;

generating an MFTS payment instruction to a payment instruction recipient, the MFTS payment instruction including at least an amount, information corresponding to the identified payee, and information indicating the selected payment source; and

communicating the MFTS payment instruction from the MFTS to the payment instruction recipient,

whereby, in response to receipt of the MFTS payment instruction, the payment instruction recipient effects a payment to the identified payee utilizing the selected payment source.

147. The system of claim 146, wherein the payment instruction recipient is one of a financial service provider, a billing aggregator, or an individual billing entity.

148. The system of claim 146, wherein the selected payment source comprises a financial service provider with whom the user maintains a relationship, and wherein the financial service provider maintains one or more accounts on behalf of the user that are selectable for use as the payment source.

149. The system of claim 148, wherein the user maintains a relationship with a plurality of financial service providers, and wherein the selection of a payment source comprises selection of an account at one of the plurality of financial service providers.

150. The system of claim 146, wherein the MFTS software is further operative for receiving payment to make information at the MFTS corresponding to a payment to be made by the user to a payee.

151. The system of claim 150, wherein the MFTS software is further operative for:

generating summarized payment to make information at the MFTS based on the payment to make information, the summarized payment to make information comprising a predetermined selected subset of the payment to make information; and

wirelessly communicating the summarized payment to make information from the MFTS to the user mobile device.

152. The system of claim 146, wherein the mobile payment instruction includes information identifying a selected account at a selected financial service provider, and wherein the MFTS software is further operative for retrieving current account balance information from the selected financial service provider and wirelessly communicating the current account balance information to the mobile device.

153. The system of claim 146, wherein the payment to make information comprises payment to make information provided to the MFTS by an external source, is input by the user via an Internet-accessible web site accessible by the user for input of payment to make information and payee information, or is input by the user at the mobile device.

154. The system of claim 153, wherein the external source for the payment to make information comprises a bill presentment system that provides bill information from a plurality of billing entities as well as an individual billing entity.

155. The system of claim 146, wherein the payment to make information comprises information corresponding to one or more of the following:

a recurring bill, a bill from a billing aggregator, a bill from an individual billing company, a “

pay anyone”

payment.

156. The system of claim 146, wherein the information corresponding to the plurality of accounts available to the user as a payment source for use in connection with making the payment comprises summarized payment source information.

157. The system of claim 146, wherein the MFTS software is further operative for wirelessly providing information to a user mobile device corresponding to the payment to make and/or a plurality of accounts in response to user activation of a predetermined function on the mobile device.

158. The system of claim 157, wherein user activation of a predetermined function on the mobile device causes the MFTS to retrieve information from a source of payment to make information and/or a payment source and forward the information to the user mobile device upon receipt.

159. The system of claim 146, wherein the MFTS software is further operative for providing a downloadable Mobile Wallet application for execution on the user mobile device.

160. The system of claim 159, wherein the Mobile Wallet application provides a display on a mobile device of selectable commands including one or more of a View Bills command, a View Payment Sources command, and a Pay Bill(s) command.

161. The system of claim 159, wherein user activation of a View Bills command on a mobile device causes the MFTS to retrieve bill information from a bill presentment system and communicate the bill information to the mobile device upon receipt of such information from the bill presentment system.

162. The system of claim 159, wherein user activation of a View Payment Sources command on a mobile device causes the MFTS to retrieve current account information from one or more financial service providers and communicate the current account information to the mobile device upon receipt of such information from the one or more financial service providers.

163. The system of claim 146, wherein the mobile payment instruction includes selection of a financial service provider and selection of a particular account associated with the selected financial service provider for making the payment.

164. The system of claim 146, wherein a default payment source is stored as user information, and wherein in the absence of selection of another available payment source by the user, the default payment source is utilized to make the payment.

165. The system of claim 146, wherein the MFTS database stores transaction information corresponding to a user'"'"'s financial transactions, the transaction information including the payment to make information in addition to other information utilized to track status of user payments.

166. The system of claim 165, wherein the transaction information includes one or more of the following items of information:

a user ID number, a transaction identifier, a bill received date, a bill due date, an amount, a financial service provider identifier, an account identifier, a payee identifier, a pending/complete flag.

167. The system of claim 146, wherein the MFTS software is further operative for receiving a payment confirmation message from the payment source in response to completion of a predetermined stage in making the payment.

168. The system of claim 167, wherein the MFTS software is further operative for communicating a payment confirmation message to the mobile device in response to receipt of the payment confirmation message from the payment source.

169. The system of claim 146, wherein the mobile payment instruction includes information provided by the user corresponding to a selected one of a plurality of selectable payment methods for making the payment.

170. The system of claim 169, wherein the selectable payment methods include:

a recipient-defined method, an ACH funds transfer, a paper check, and a stored value (SV) card.

171. The system of claim 146, wherein the MFTS is coupled for electronic communications with a user'"'"'s computer via a data communications network such as the Internet, and wherein the MFTS software is further operative for:

providing a web application in association with the MFTS;

receiving user information via the web application; and

storing the user information input via the web application in the MFTS database for use in connection with transactions initiated via the user mobile device.

172. The system of claim 171, wherein the user information received via the web application includes information corresponding to financial service providers, accounts at financial service providers, and payees.

173. The system of claim 171, wherein the MFTS software is further operative for retrieving and displaying transaction information corresponding to transactions conducted via the user mobile device, via the web application, to a user via a user'"'"'s computer.

174. The system of claim 146, wherein the MFTS communicates with the financial service provider to obtain updated account balance information for the account, and

wherein the MFTS wirelessly communicates updated account balance information from the MFTS to the user'"'"'s mobile device;

whereby in response to receipt of updated account balance information from the MFTS, the mobile device displays updated account balance information corresponding to the account to the user.