Real-time balance on a mobile phone

• US 8,452,257 B2
• Filed: 03/23/2012
• Issued: 05/28/2013
• Est. Priority Date: 09/26/2007
• Status: Active Grant

• Current Assignee: Visa USA, Inc. (Visa, Inc.)
• Original Assignee: Visa USA, Inc. (Visa, Inc.)
• Inventors: Granucci, Nicole Janine, Vriheas, Carrie Elaine, Hammad, Ayman
• Primary Examiner(s): Gelin, Jean
• Application Number:
  US13/429,023
• Publication Number:
  US 20120184243A1
• Time in Patent Office: 431 Days
• Field of Search: 455405-407, 455/410, 455/411, 455/466, 455/414.1, 455/432.3, 705/30, 705/37, 705/40, 705/5, 705/7, 705/39
• US Class Current: 455/405
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/102 Bill distribution or payments
• CPC Class Codes: G06Q 20/28 Pre-payment schemes, e.g. "pay before"
• CPC Class Codes: G06Q 20/322 Aspects of commerce using mobile devices [M-devices]
• CPC Class Codes: G06Q 20/3221 Access to banking information through M-devices
• CPC Class Codes: G06Q 40/03 Credit; Loans; Processing thereof
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
• CPC Class Codes: G06Q 40/12 Accounting
• CPC Class Codes: H04L 12/14 Charging , metering or billing arrangements for data wireline or wireless communications
• CPC Class Codes: H04L 12/1421 Indication of expected costs
• CPC Class Codes: H04L 12/1467 involving prepayment
• CPC Class Codes: H04W 4/24 Accounting or billing

Abstract

A system, method and prepaid payment mobile phone configured to display a current prepaid balance. The prepaid payment mobile phone receives a debit balance request from input on the mobile phone. After retrieving an encoded current balance, the mobile phone displays the amount. The current balance may be calculated by the phone after a transaction, or the phone may receive a debit balance via a short message service notification.

Claims

1. A method of encoding a current balance on a mobile phone, the method comprising:

storing an account identifier on a non-volatile programmable memory;

transmitting, with a wireless transceiver, transaction data associated with a transaction to a point of sale device, the transaction data comprising the account identifier;

receiving, with the wireless transceiver, real-time balance information regarding a current balance of an account associated with the account identifier; and

encoding, with a processor, the current balance in the non-volatile programmable memory on the mobile phone,

wherein the real-time balance information comprises a transaction amount representing an amount of a last transaction completed using the mobile phone;

wherein the last transaction amount is subtracted from a previous balance using the processor; and

wherein the result of the subtraction comprises the current balance.

2. The method of claim 1, wherein the receiving of the real-time balance information regarding the current balance comprises receiving a contactless transmission.

3. The method of claim 1, wherein the transaction is a reload transaction initiated at the point of sale device and the mobile phone is loaded with additional funds.

4. The method of claim 1, wherein the real-time balance information is saved to the mobile phone as data for a payment program.

5. The method of claim 1, wherein the wireless transceiver comprises a radio frequency (RF) transceiver.

6. The method of claim 1, wherein the account is a prepaid account.

7. The method of claim 1 further comprising:

receiving a request for the current balance at an input of the mobile phone.

8. The method of claim 7 further comprising:

responsive to receiving the request for the current balance, displaying the current balance on a display of the mobile phone.

9. The method of claim 7 further comprising:

responsive to receiving the request for the current balance, prompting a consumer for a personal identification number (PIN) input;

receiving the PIN input from the consumer;

determining whether the PIN input is valid by comparing the PIN input to a stored PIN, wherein the stored PIN is stored in the non-volatile programmable memory on the mobile phone; and

displaying the current balance on the mobile phone if the PIN input is valid.

10. A method of encoding a current balance on a mobile phone, the method comprising:

storing a unique identifier associated with a payment account on a non-volatile programmable memory;

storing a first current balance associated with the payment account on the non-volatile programmable memory;

transmitting, with a radio frequency (RF) transceiver, transaction data associated with a transaction to a point of sale (POS) device, the transaction data comprising the unique identifier;

receiving, with the RF transceiver, a transaction amount from the POS device representing an amount of the transaction;

calculating, with a processor of the mobile phone, a second current balance using the first current balance and the transaction amount; and

encoding the second current balance account on the non-volatile programmable memory.

11. The method of claim 10, wherein the first current balance is a balance before the transaction and the second current balance is a balance after the transaction.

12. The method of claim 10, wherein the second current balance is calculated by subtracting the transaction amount from the first current balance by the processor.

13. The method of claim 10, wherein the payment account is a prepaid account associated with a debit balance of the mobile phone, wherein the debit balance indicates an amount of currency remaining on the mobile phone.

14. The method of claim 10, wherein the unique identifier identifies a primary account number.

15. The method of claim 10 further comprising:

receiving a request for the second current balance at an input of the mobile phone.

16. The method of claim 15 further comprising:

responsive to receiving the request for the current balance, displaying the current balance on a display of the mobile phone.

17. The method of claim 15 further comprising:

responsive to receiving the request for the second current balance, prompting a consumer for a personal identification number (PIN) input;

receiving the PIN input from the consumer;

determining whether the PIN input is valid by comparing the PIN input to a stored PIN, wherein the stored PIN is stored in the non-volatile programmable memory on the mobile phone; and

displaying the second current balance on the mobile phone if the PIN input is valid.

18. The method of claim 17 further comprising:

displaying an error message if the PIN input is invalid.

19. The method of claim 10, wherein the transaction is a reload transaction initiated at the POS device and the mobile phone is loaded with additional funds.

20. The method of claim 10, wherein at least one of the transaction data, the first current balance, and the second current balance are saved to the mobile phone as data for a payment program.