PEER TO PEER FUND TRANSFER
First Claim
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1. A system comprising:
- a wireless network component operationally coupled to a first mobile device, wherein the wireless network component;
receives from the first mobile device a request to initiate a funds transfer from an account native to a financial institution to an account associated with a second mobile device; and
sends the second mobile device information regarding the initiated funds transfer.
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Abstract
Systems and methods that facilitate using a first mobile device to initiate a funds transfer to a second device. One mobile to consumer payment embodiment allows a person enter into a store and pay for that person'"'"'s purchases using that person'"'"'s cell phone. Other mobile consumer payment embodiments include strictly consumer-to-consumer transactions, for example, but not limited to, the idea that a person can go to a garage sale and purchase from the garage sale seller by using a cell phone. Put broadly one peer-to-peer payment embodiment includes the ability for somebody to be able to send a payment to another person whenever and wherever.
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Citations
20 Claims
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1. A system comprising:
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a wireless network component operationally coupled to a first mobile device, wherein the wireless network component; receives from the first mobile device a request to initiate a funds transfer from an account native to a financial institution to an account associated with a second mobile device; and sends the second mobile device information regarding the initiated funds transfer. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10)
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11. A method comprising:
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wirelessly coupling with a first mobile device; and wirelessly receiving information regarding an initiated funds transfer initiated at the first mobile device regarding a first account native at a financial institution. - View Dependent Claims (12, 13, 14, 15, 16, 17, 18, 19)
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20. A method comprising:
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receiving information at a financial institution regarding an initiated funds transfer initiated at a first mobile device regarding an account native at the financial institution; and authorizing the funds transfer.
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Specification