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 direct near field communications link request from the first mobile device to the second mobile device;
in response to the acceptance, establishing a direct 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;
transferring the amount to the second funds transfer account associated with second mobile device;
receiving acceptance of the funds transfer; and
in response to the acceptance, displaying on a display screen of the second mobile device and a display screen of the first mobile device a confirmation message indicating that the funds transfer has been completed.
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.
17 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 direct near field communications link request from the first mobile device to the second mobile device; in response to the acceptance, establishing a direct 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; transferring the amount to the second funds transfer account associated with second mobile device; receiving acceptance of the funds transfer; and in response to the acceptance, displaying on a display screen of the second mobile device and a display screen of the first mobile device a confirmation message indicating that the funds transfer has been completed. - View Dependent Claims (2, 3, 4, 5, 6, 7)
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8. A non-transitory computer-readable medium having sets of instructions stored thereon which, when executed by a computer, cause the computer to:
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establish a first funds transfer account associated with a first mobile device and a second funds transfer account with a second mobile device; fund at least the first fund account; select the second mobile device as recipient of a funds transfer from the first mobile device; send a direct near field communications link request from the first mobile device to the second mobile device; in response to the acceptance, establish a direct communications link between the first mobile device and the second mobile device; initiate a funds transfer from the first mobile device to the second mobile device, wherein the amount is designated at the first mobile device; transfer the amount to the second funds transfer account associated with second mobile device; receive acceptance of the funds transfer; and in response to the acceptance, display on a display screen of the second mobile device and a display screen of the first mobile device a confirmation message indicating that the funds transfer has been completed. - View Dependent Claims (9)
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10. A method of implementing collaborative funds transfer, the method comprising:
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receiving, by a host computer system, from an entity a collaborative funds transfer request for a relief effort to be executed within a collaborative environment; verifying, by the host computer system, validity of the entity; receiving funds provided to the entity via the collaborative environment; reviewing services offered within the collaborative environment; reviewing communications regarding the funds transfer within the collaborative environment; and transferring the funds to the entity. - View Dependent Claims (11, 12, 13, 14)
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15. A mobile device for providing currency exchange, the mobile device comprising:
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a computer processor; a memory device having sets of instructions stored thereon; and a camera device configured to photograph an image of currency of a first country'"'"'s currency; wherein the computer processor executes the sets of instructions, which cause the computer processor to; based on the image, determine a first amount and a country of origin of the currency, determine, using location services of the mobile device, a current location of the mobile device, based on the current location, determine a second country'"'"'s currency, determine an exchange rate between the first country'"'"'s currency and the second country'"'"'s currency, and calculate a second amount in the second country'"'"'s currency based on the first amount and the exchange rate. - View Dependent Claims (16, 17, 18, 19, 20)
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Specification