M-commerce virtual cash system, method, and apparatus
First Claim
1. A method for imposing restrictions on virtual cash transmitted from a first wireless device to a second wireless device, comprising:
- establishing a first account record at a processing center which is associated with the first wireless device, the first account record comprising;
a first amount of virtual cash; and
a first security code, wherein the first security code comprises a first fixed code portion to verify a first deposit of money corresponding to the first amount of virtual cash;
establishing at the processing center a second account record which is associated with the second wireless device, the second account record comprising;
a second amount of virtual cash; and
a second security code, wherein the second security code comprises a second fixed code portion to verify a second deposit of money corresponding to the second amount of virtual cash;
transferring a third amount of virtual cash from the first account record to the second account record; and
receiving a restriction associated with the third amount of virtual cash.
1 Assignment
0 Petitions
Accused Products
Abstract
A virtual cash system, method, and apparatus for establishing account records containing a record of money amounts associated with a wireless device and a security code comprising a code portion to verify a deposit of money. Cash transfers between account records may be subject to restrictions associated with the cash amounts. Cash amounts can be spent from the account records directly from the wireless device via information derived from the wireless device via a bar code on the display, a short range radio signal, a light beam, or the like. A different security code is generated for each account transaction for verification.
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Citations
44 Claims
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1. A method for imposing restrictions on virtual cash transmitted from a first wireless device to a second wireless device, comprising:
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establishing a first account record at a processing center which is associated with the first wireless device, the first account record comprising;
a first amount of virtual cash; and
a first security code, wherein the first security code comprises a first fixed code portion to verify a first deposit of money corresponding to the first amount of virtual cash;establishing at the processing center a second account record which is associated with the second wireless device, the second account record comprising;
a second amount of virtual cash; and
a second security code, wherein the second security code comprises a second fixed code portion to verify a second deposit of money corresponding to the second amount of virtual cash;transferring a third amount of virtual cash from the first account record to the second account record; and receiving a restriction associated with the third amount of virtual cash. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11)
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12. A computer-readable storage device encoded with a computer program, the computer program comprising instructions that, when executed, operate to cause a computer to perform operations comprising:
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establishing a first account record at a processing center which is associated with the first wireless device, the first account record comprising;
a first amount of virtual cash; and
a first security code, wherein the first security code comprises a first fixed code portion to verify a first deposit of money corresponding to the first amount of virtual cash;establishing at the processing center a second account record which is associated with the second wireless device, the second account record comprising;
a second amount of virtual cash; and
a second security code, wherein the second security code comprises a second fixed code portion to verify a second deposit of money corresponding to the second amount of virtual cash;transferring a third amount of virtual cash from the first account record to the second account record; and receiving a restriction associated with the third amount of virtual cash. - View Dependent Claims (13, 14, 15, 16, 17, 18, 19, 20, 21, 22)
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23. A system for imposing restrictions on virtual cash transmitted from a first wireless device to a second wireless device, comprising:
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means for establishing a first account record at a processing center which is associated with the first wireless device, the first account record comprising;
a first amount of virtual cash; and
a first security code, wherein the first security code comprises a first fixed code portion to verify a first deposit of money corresponding to the first amount of virtual cash;means for establishing at the processing center a second account record which is associated with the second wireless device, the second account record comprising;
a second amount of virtual cash; and
a second security code, wherein the second security code comprises a second fixed code portion to verify a second deposit of money corresponding to the second amount of virtual cash;means for transferring a third amount of virtual cash from the first account record to the second account record; and means for receiving a restriction associated with the third amount of virtual cash. - View Dependent Claims (24, 25, 26, 27, 28, 29, 30, 31, 32, 33)
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34. A processing center for imposing restrictions on virtual cash transmitted from a first wireless device to a second wireless device, comprising:
a computer processor operable to; establish a first account record at a processing center which is associated with the first wireless device, the first account record comprising;
a first amount of virtual cash; and
a first security code, wherein the first security code comprises a first fixed code portion to verify a first deposit of money corresponding to the first amount of virtual cash;establish at the processing center a second account record which is associated with the second wireless device, the second account record comprising;
a second amount of virtual cash; and
a second security code, wherein the second security code comprises a second fixed code portion to verify a second deposit of money corresponding to the second amount of virtual cash;transfer a third amount of virtual cash from the first account record to the second account record; and receive a restriction associated with the third amount of virtual cash. - View Dependent Claims (35, 36, 37, 38, 39, 40, 41, 42, 43, 44)
Specification