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M-commerce virtual cash system, method, and apparatus

  • US 8,485,434 B2
  • Filed: 01/17/2012
  • Issued: 07/16/2013
  • Est. Priority Date: 03/15/2006
  • Status: Expired due to Fees
First Claim
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1. A method for transferring virtual cash, comprising:

  • storing at a processing center a first account record associated with a 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 provided by a bank to verify a first deposit of money corresponding to the first amount of virtual cash;

    storing at the processing center a second account record associated with a 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 provided by the bank to verify a second deposit of money corresponding to the second amount of virtual cash;

    receiving instructions from the first wireless device to transfer a third amount of virtual cash from the first account record to the second account record;

    comparing the third amount of virtual cash to the first amount of virtual cash; and

    if the third amount of virtual cash is greater than the first amount of virtual cash;

    transferring at the processing center the third amount of virtual cash from the first account record to the second account record; and

    notifying the first and second wireless devices of a difference between the third amount of virtual cash and the first amount of virtual cash.

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