SYSTEM AND METHOD FOR FACILITATING VALUE EXCHANGES USING MOBILE DEVICES
First Claim
1. A method comprising:
- receiving information to conduct a value exchange transaction from a sender to a recipient, the information including a phone number of the recipient and a value to be exchanged; and
transmitting, using one or more processors, a communication to a device corresponding to the phone number of the recipient, the communication informing the recipient of the value exchange transaction.
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.
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Citations
20 Claims
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1. A method comprising:
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receiving information to conduct a value exchange transaction from a sender to a recipient, the information including a phone number of the recipient and a value to be exchanged; and transmitting, using one or more processors, a communication to a device corresponding to the phone number of the recipient, the communication informing the recipient of the value exchange transaction. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11)
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12. A non-transitory machine-readable storage medium in communication with at least one processor, the machine-readable storage medium storing instructions which, when executed by the at least one processor, provides a method comprising:
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receiving information to conduct a value exchange transaction from a sender to a recipient, the information including a phone number of the recipient and a value to be exchanged; and transmitting a communication to a device corresponding to the phone number of the recipient, the communication informing the recipient of the value exchange transaction. - View Dependent Claims (13, 14, 15, 16, 17, 18, 19, 20)
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Specification