Mobile Funding Method and System
First Claim
1. A method comprising:
- receiving a transaction request to transfer funds from a payor to a payee, wherein the transaction request includes a plurality of transaction details including a payor device identifier, a payee device identifier and an amount;
determining a payor account identifier associated with the payor device identifier, and a payee account identifier associated with the payee device identifier;
determining a first service provider associated with the payor device based on the payor device identifier, and a second service provider associated with the payee device based on the payee device identifier; and
initiating the transfer of funds from the first service provider to the second service provider using the payor account identifier and the payee account identifier;
wherein at least one of the first and second service providers is a mobile network operator.
1 Assignment
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Accused Products
Abstract
Systems and methods for mobile funding are provided. One such method comprises receiving a transaction request to transfer funds from a payor to a payee. The transaction request can include a payor device identifier, a payee device identifier and an amount. A payor account identifier associated with the payor device identifier, and a payee account identifier associated with the payee device identifier can each be determined. Additionally, a first service provider associated with the payor device can be determined based on the payor device identifier, and a second service provider associated with the payee device can be determined based on the payee device identifier. The transfer of funds from the first service provider to the second service provider can then be initiated using the payor account identifier and the payee account identifier. At least one of the first and second service providers is a mobile network operator.
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Citations
24 Claims
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1. A method comprising:
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receiving a transaction request to transfer funds from a payor to a payee, wherein the transaction request includes a plurality of transaction details including a payor device identifier, a payee device identifier and an amount; determining a payor account identifier associated with the payor device identifier, and a payee account identifier associated with the payee device identifier; determining a first service provider associated with the payor device based on the payor device identifier, and a second service provider associated with the payee device based on the payee device identifier; and initiating the transfer of funds from the first service provider to the second service provider using the payor account identifier and the payee account identifier; wherein at least one of the first and second service providers is a mobile network operator. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 12, 13, 14, 15, 16, 17, 18, 19, 20)
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11. A system comprising:
a computer, including a computer readable medium and processor, wherein the computer readable medium includes code stored thereon which, when executed by the processor, cause the processor to implement the method of receiving a transaction request to transfer funds from a payor to a payee, wherein the transaction request includes a plurality of transaction details including a payor device identifier, a payee device identifier and an amount; determining a payor account identifier associated with the payor device identifier, and a payee account identifier associated with the payee device identifier; determining a first service provider associated with the payor device based on the payor device identifier, and a second service provider associated with the payee device based on the payee device identifier; and initiating the transfer of funds from the first service provider to the second service provider using the payor account identifier and the payee account identifier; wherein at least one of the first and second service providers is a mobile network operator.
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21. A method, comprising:
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receiving, by an agent, a request from a consumer to perform a cash-out transaction, wherein the request can include a device identifier, an amount and a passcode; authenticating the consumer based on the passcode; sending a request to a mobile money platform (MMP) to initiate the cash-out transaction, wherein the MMP can determine a mobile network operator associated with the consumer; and wherein the MMP can reformat the request into a second request, and send the second request to a processing platform which can look-up an account identifier associated with the device identifier, and transfer funds corresponding to the amount from an account associated with the consumer to an account associated with the agent. - View Dependent Claims (22, 23, 24)
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Specification