MONEY TRANSFER SMART PHONE METHODS AND SYSTEMS
First Claim
1. A method of transferring funds between mobile devices, the method comprising:
- establishing a first funds transfer account associated with a first mobile device and a second funds transfer account with a second mobile device;
funding at least the first fund account;
selecting the second mobile device as recipient of a funds transfer from the first mobile device;
sending a communications link request from the first mobile device to the second mobile device;
receiving acceptance of the communications link request from the second mobile device;
in response to the acceptance, establishing a communications link between the first mobile device and the second mobile device;
initiating a funds transfer from the first mobile device to the second mobile device, wherein the amount is designated at the first mobile device;
verifying, by a processing center, the funds transfer amount, the first funds transfer account, and the second funds transfer account; and
in response to verification of the funds transfer, transferring the amount to the second funds transfer account associated with second mobile device.
1 Assignment
0 Petitions
Accused Products
Abstract
A method includes establishing a first funds transfer account associated with a first device and a second funds transfer account with a second device, funding at least the first fund account, and selecting the second device as the recipient of a funds transfer from the first device. The method further includes sending a communications link request from the first device to the second device and receiving acceptance of the communications link request from the second device. The method then establishes a communications link between the first device and the second device, initiates a funds transfer from the first device to the second device, wherein the amount is designated at the first device, and verifies the funds transfer amount, the first funds transfer account, and the second funds transfer account. Then, the method transfers the amount to the second funds transfer account associated with second device.
41 Citations
20 Claims
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1. A method of transferring funds between mobile devices, the method comprising:
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establishing a first funds transfer account associated with a first mobile device and a second funds transfer account with a second mobile device; funding at least the first fund account; selecting the second mobile device as recipient of a funds transfer from the first mobile device; sending a communications link request from the first mobile device to the second mobile device; receiving acceptance of the communications link request from the second mobile device; in response to the acceptance, establishing a communications link between the first mobile device and the second mobile device; initiating a funds transfer from the first mobile device to the second mobile device, wherein the amount is designated at the first mobile device; verifying, by a processing center, the funds transfer amount, the first funds transfer account, and the second funds transfer account; and in response to verification of the funds transfer, transferring the amount to the second funds transfer account associated with second mobile device. - View Dependent Claims (2, 3, 4, 5, 6, 7)
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8. A method of providing currency exchange, the method comprising:
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photographing, by a camera device within a mobile device, an image of currency of a first country'"'"'s currency; based on the image, determining a first amount and a country of origin of the currency; determining, using location services of the mobile device, a current location of the mobile device; based on the current location, determining a second country'"'"'s currency; determining an exchange rate between the first country'"'"'s currency and the second country'"'"'s currency; and calculating a second amount in the second country'"'"'s currency based on the first amount and the exchange rate. - View Dependent Claims (9, 10, 11, 12, 13, 14, 15, 16)
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17. A method of implementing a collaborative funds transfer, the method comprising:
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initiating, by an entity, a collaborative funds transfer request within a collaborative environment; verifying the entities identity; receiving funds for the entity from a plurality of participants within the collaborative environment; providing an interface to the collaborative environment configured to receive content about the funds transfer request from the plurality of participants and the entity; and providing the funds to the entity. - View Dependent Claims (18, 19, 20)
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Specification