SYSTEM FOR AGENT ASSISTED MOBILE FUNDS TRANSFER AND MOBILE BANKING
First Claim
1. A system for managing funds transfer and banking, the system comprising:
- a server;
the server receives a funds transfer request from a first mobile device 141 communicatively coupled to the server and communicates a first one-time-use token to the first mobile device;
a server receives a funds transfer initiation notice from a second mobile device communicatively coupled to the server and communicates an acknowledgement message to the first mobile device;
the server determines an appropriate third mobile device and communicates an incoming funds transfer transaction notice to the third mobile device;
the server communicates a funds available notice to a fourth mobile device along with a second one-time-use token;
the server receives a funds transfer activation request from the third mobile device along with the second one-time-use token communicated by the third mobile device;
the server sends a funds transfer approval request to the first mobile device, receives the first one-time-use token, and verifies it; and
the server sends a funds transfer completion confirmation request to the fourth mobile device and receives a funds transfer completion confirmation response from the fourth mobile device.
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Accused Products
Abstract
A system for managing funds transfer and banking that facilitates mobile funds transfers, mobile deposits, mobile withdrawl of funds by a user. These operations are conducted with the help of one or more agents, as necessary. The system for managing funds transfer and banking comprises a server to which a user can connect using a first mobile device or a computer/laptop. The server receives a funds transfer request from a first mobile device communicatively coupled to the server and it communicates a first one-time-use token to the first mobile device. The first mobile device is used by a sender of funds in a funds transfer operation. The sender approaches an agent who can facilitate funds transfer, for example by accepting cash/money from the sender and initiating funds transfer.
41 Citations
20 Claims
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1. A system for managing funds transfer and banking, the system comprising:
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a server; the server receives a funds transfer request from a first mobile device 141 communicatively coupled to the server and communicates a first one-time-use token to the first mobile device; a server receives a funds transfer initiation notice from a second mobile device communicatively coupled to the server and communicates an acknowledgement message to the first mobile device; the server determines an appropriate third mobile device and communicates an incoming funds transfer transaction notice to the third mobile device; the server communicates a funds available notice to a fourth mobile device along with a second one-time-use token; the server receives a funds transfer activation request from the third mobile device along with the second one-time-use token communicated by the third mobile device; the server sends a funds transfer approval request to the first mobile device, receives the first one-time-use token, and verifies it; and the server sends a funds transfer completion confirmation request to the fourth mobile device and receives a funds transfer completion confirmation response from the fourth mobile device. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8)
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9. A method of conducting mobile funds transfer by a server, the method comprising:
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determining, by a server, an appropriate one of a plurality of agents as a receiver'"'"'s agent currently in proximity to a receiver, based on a receiver address or receiver phone number; communicating an incoming funds transfer transaction notice to a receiver agent mobile device associated with the receiver'"'"'s agent; sending a funds available notice to a receiver mobile device along with a second one-time-use token, wherein the receiver mobile device is associated with the receiver, and employs the receiver phone number; receiving a funds transfer activation request from the receiver agent mobile device along with the second one-time-use token communicated by the receiver agent mobile device; and posting a funds transfer completion confirmation request to the receiver mobile device and receiving a funds transfer completion confirmation response from the receiver mobile device. - View Dependent Claims (10, 11, 12, 13, 14, 15)
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16. A downloadable mobile client for conducting funds transfer and mobile banking by interacting with a system for managing funds transfer and banking that comprises a server, the mobile client communicatively coupled with the server, the mobile client comprising:
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a communication module capable of interacting with the server; a fund transfer module that facilitates agent-assisted funds transfer; the fund transfer module sends a funds transfer request and receives a first one-time-use token, displays it to the user, and optionally stores it for subsequent use in a local storage; the mobile client receives an acknowledgement message from the server indicating progress in the funds transfer request and displays it to a user; the funds transfer module receives and displays a funds transfer approval request from the server along with an optional digital image of the associated recipient to aid identification of a recipient; the funds transfer module prompts the user to enter the first one-time-use token, accepts user input, and sends it to the server for verification; and the funds transfer module displays a final status information for the funds transfer request that is received from the server. - View Dependent Claims (17, 18, 19, 20)
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Specification