SYSTEM AND METHOD FOR FACILITATING VALUE EXCHANGES USING MOBILE DEVICES
First Claim
1. A computer-implemented method of facilitating a value exchange, the method comprising:
- establishing a connection with a mobile device associated with a first entity using wireless communication;
receiving a value exchange request initiated by the first entity from the mobile device, the request including an identifier associated with a second entity and a value to be exchanged between the first entity and the second entity; and
sending a notification of the value exchange request to the second entity using the identifier associated with the second entity.
1 Assignment
0 Petitions
Accused Products
Abstract
A system and method for facilitating a value exchange transaction. A first party initiates the transaction by selecting or providing an identifier of another party and the value to be exchanged. The second party may be identified by a pre-existing identifier such as an electronic mail address, telephone number, etc. The system informs the second party of the transaction (e.g., using the specified pre-existing identifier). If the second party is not a registered user of the system, he or she is invited to register and complete the transaction. The system may comprise a synchronization server for exchanging transaction details with users'"'"' devices, a communication server for registering new users and/or conducting transactions online and a financial server for interacting with external financial institutions.
170 Citations
35 Claims
-
1. A computer-implemented method of facilitating a value exchange, the method comprising:
-
establishing a connection with a mobile device associated with a first entity using wireless communication; receiving a value exchange request initiated by the first entity from the mobile device, the request including an identifier associated with a second entity and a value to be exchanged between the first entity and the second entity; and sending a notification of the value exchange request to the second entity using the identifier associated with the second entity. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 27)
-
-
15. A computer-implemented method of transferring values, the method comprising:
-
receiving information related to an exchange of value from a mobile device via wireless communication, the information sent by a first entity associated with the mobile device and including an identifier associated with a second entity and an amount of value to exchange; transmitting to the second entity a notification about the exchange of value using the identifier associated with the second entity; and exchanging the amount of value between a first account associated with the first entity and a second account associated with the second entity. - View Dependent Claims (16, 17, 18, 19)
-
-
20. A computer-implemented method of transferring values using mobile devices, the method comprising:
from a first mobile device associated with a first entity; receiving an exchange of value from a second mobile device via wireless communication, the exchange of value initiated by a second entity associated with the second mobile device; exchanging authentication information with the second mobile device to authenticate the exchange of value with the second mobile device; and communicating with a value exchange system of the exchange of value with the second mobile device. - View Dependent Claims (21, 22, 23, 24, 25, 26, 28)
-
29. A system for facilitating transfer of value, the system comprising:
-
means for receiving an exchange of value and authentication information related to the exchange of value from a first mobile device using wireless communication; means for communicating the exchange of value to a value exchange system using the wireless communication, the exchange of value is associated with an account with the value exchange system; and means for accessing account balance of the account. - View Dependent Claims (30)
-
-
31. A system for facilitating value exchanges, the system comprising:
-
means for establishing a connection with a mobile device associated with a first entity using wireless communication; means for receiving a value exchange request initiated by the first entity from the mobile device, the request including an identifier associated with a second entity and a value to be exchanged between the first entity and the second entity; and means for sending a notification of the value exchange request to the second entity using the identifier associated with the second entity. - View Dependent Claims (32, 33)
-
-
34. A system for facilitating transfer of values, the system comprising:
-
a value exchange system to enable transferring values among registered entities and non-registered entities; and a first mobile device coupled to the value exchange system via a wireless communication network and to transmit a value exchange request to the value exchange system, the value exchange request to exchange a value between a first entity associated with the first mobile device and a second entity, wherein; the first entity is a registered entity; the value exchange request includes an identifier associated with the second entity and the value to be exchanged between the first entity and the second entity; and the value exchange system is to send a notification of the value exchange request to the second entity using the identifier associated with the second entity. - View Dependent Claims (35)
-
Specification