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Mobile wireless financial instrument for automatically selecting a payment instrument

  • US 8,666,891 B2
  • Filed: 03/10/2011
  • Issued: 03/04/2014
  • Est. Priority Date: 07/11/2007
  • Status: Active Grant
First Claim
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1. A mobile wireless communications instrument, comprising:

  • a housing; and

    a data processing system positioned within the housing and comprising;

    a memory;

    a bus coupled to the memory; and

    a processor coupled to the bus, wherein the processor is configured with processor-executable instructions to perform operations comprising;

    sending data to a point-of-sale device, receiving data from the point-of-sale device, and storing the received data, wherein the data includes at least financial data associated with one or more payment instruments;

    receiving information that comprises the location of the mobile wireless communications instrument; and

    identifying which of a plurality of payment instruments is preferred by a user for debiting a payment sum based in part on the received location information,wherein the data processing system includes one or more payment decision algorithms responsive to programmable preferences of the user and responsive to the received location information.

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