System And Method Of Transferring Money To An Electronic Wallet

• US 20110196787A1
• Filed: 02/09/2010
• Published: 08/11/2011
• Est. Priority Date: 02/09/2010
• Status: Abandoned Application

• Current Assignee: IDT Corporation
• Original Assignee: IDT Corporation
• Inventors: Beaufils, Pierre, Alroy, Liore Z.
• Application Number:
  US12/702,466
• Publication Number:
  US 20110196787A1
• Time in Patent Office: Days
• US Class Current: 705/41
• CPC Class Codes: G06Q 20/065 using e-cash
• CPC Class Codes: G06Q 20/105 involving programming of a portable memory device, e.g. IC cards, "electronic purses"
• CPC Class Codes: G06Q 20/28 Pre-payment schemes, e.g. "pay before"
• CPC Class Codes: G06Q 20/3223 Realising banking transactions through M-devices
• CPC Class Codes: G06Q 20/347 Passive cards
• CPC Class Codes: G06Q 20/40 Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists

Abstract

A method of transferring value to an electronic wallet includes obtaining a first telephone number from a user, the first telephone number being associated with a mobile telephone of the user; obtaining a PIN from the user, the PIN being associated with a prepaid money transfer card, the prepaid money transfer card having a value associated therewith; obtaining a second telephone number from the user, the second telephone number being associated with a mobile telephone of an intended recipient of at least some of the value associated with the prepaid money transfer card; and transferring the at least some of the value associated with the prepaid money transfer card with an electronic wallet associated with the second telephone number.

Claims

1. A method of transferring value to an electronic wallet, the method comprising:

(A) obtaining a first telephone number from a user, the first telephone number being associated with a mobile telephone of the user;

(B) obtaining a PIN from the user, the PIN being associated with a prepaid money transfer card, the prepaid money transfer card having a value associated therewith;

(C) obtaining a second telephone number from the user, the second telephone number being associated with a mobile telephone of an intended recipient of at least some of the value associated with the prepaid money transfer card; and

(D) transferring said at least some of the value associated with the prepaid money transfer card with an electronic wallet associated with the second telephone number.

2. The method of claim 1 further comprising the step of:

confirming the identity of the user prior to the step of transferring.

3. The method of claim 1 further comprising the step of:

confirming the identity of the intended recipient prior to the step of transferring.

4. The method of claim 1 further comprising the step of:

prior to the step of transferring, checking the transferring step complies with regulations.

5. The method of claim 1 further comprising the step of:

prior to the step of transferring, checking the transferring step complies with rules associated with the prepaid money transfer card'"'"'s issuer.

6. The method of claim 1 further comprising the step of:

(E) confirming the transferring step with the user and the recipient.

7. The method of claim 1 wherein the user is in a first country and the intended recipient is in a second country distinct from the first country, the method further comprising:

converting at least some of the value associated with the prepaid money transfer card from a first currency associated with the first country to a second currency associated with the second country.

8. A method of transferring value to an electronic wallet, the method comprising, by a mobile network operator (MSO):

(A) obtaining a first telephone number from a user, the first telephone number being associated with a mobile telephone of the user;

(B) confirming the identity of the user;

(C) obtaining a PIN from the user, the PIN being associated with a prepaid money transfer card, the prepaid money transfer card having a value associated therewith, the prepaid money transfer card having been provided by a calling card provider;

(D) obtaining a second telephone number from the user, the second telephone number being associated with a mobile telephone of an intended recipient of at least some of the value associated with the prepaid money transfer card; and

(D) transferring said at least some of the value associated with the prepaid money transfer card with an electronic wallet associated with the second telephone number.