System and Method for Transferring Funds Over Mobile Technology Platforms Between Participants in a Face-to-Face Transaction
First Claim
1. A system for transferring funds between first and second participants to a face-to-face transaction, comprising:
- a software program, a first instance of which is installed in a first non-transitory, computer readable medium disposed on a first mobile communications device associated with the first participant, and a second instance of which is installed in a second non-transitory, computer readable medium disposed on a second device associated with the second participant;
wherein said software program contains suitable programming instructions which, when executed, allow the second participant to receive an offer of payment sent by the first participant from the first mobile communications device such that the offer is displayed on the second device, wherein said offer indicates the amount of payment associated with the offer and contains an image of the first participant, and wherein said offer is accompanied by an acceptance indicia which, when selected by the second participant, results in the transfer of funds from an account associated with the first participant to an account associated with the second participant.
3 Assignments
0 Petitions
Accused Products
Abstract
A system is provided for transferring funds between first and second participants to a face-to-face transaction. The system includes a software program, a first instance of which is installed on a first mobile communications device (401) associated with the first participant, and a second instance of which is on a second device (451) associated with the second participant. The program allows the second participant to receive an offer of payment (405) sent by the first participant from the first mobile communications device such that the offer is displayed on the second device. The offer indicates the amount of payment (409) associated with the offer, contains an image (407) of the first participant, and is accompanied by an acceptance indicia which, when selected by the second participant, results in the transfer of funds from an account associated with the first participant to an account associated with the second participant.
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Citations
75 Claims
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1. A system for transferring funds between first and second participants to a face-to-face transaction, comprising:
a software program, a first instance of which is installed in a first non-transitory, computer readable medium disposed on a first mobile communications device associated with the first participant, and a second instance of which is installed in a second non-transitory, computer readable medium disposed on a second device associated with the second participant;
wherein said software program contains suitable programming instructions which, when executed, allow the second participant to receive an offer of payment sent by the first participant from the first mobile communications device such that the offer is displayed on the second device, wherein said offer indicates the amount of payment associated with the offer and contains an image of the first participant, and wherein said offer is accompanied by an acceptance indicia which, when selected by the second participant, results in the transfer of funds from an account associated with the first participant to an account associated with the second participant.- View Dependent Claims (67, 68)
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2-34. -34. (canceled)
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35. A method for consummating a financial transaction between first and second parties to a face-to-face transaction, wherein the first and second parties have first and second technology platforms associated with them, respectively, and wherein the first technology platform is a mobile technology platform, the method comprising:
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receiving, on the second technology platform, an offer transmitted by the first party from the first mobile technology platform, the offer having associated therewith an indicated amount and a photo of the first party; and accepting the offer. - View Dependent Claims (36, 40, 46, 48, 51, 52, 54, 55, 56, 57, 58, 62, 63, 65, 70)
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37-39. -39. (canceled)
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41-45. -45. (canceled)
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47. (canceled)
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49-50. -50. (canceled)
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53. (canceled)
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59-61. -61. (canceled)
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64. (canceled)
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66. (canceled)
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69. (canceled)
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71-73. -73. (canceled)
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74. A method for consummating a financial transaction between first and second parties in a face-to-face setting, wherein the first and second parties have first and second technology platforms associated with them, respectively, and wherein the first technology platform is a mobile technology platform, the method comprising:
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generating, on the first technology platform, an offer having associated therewith an indicated amount and a photo of the first party; and transmitting the offer to the second technology platform.
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75-86. -86. (canceled)
Specification