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Method and system for managing monetary value on a mobile device

  • US 20070095892A1
  • Filed: 10/27/2005
  • Published: 05/03/2007
  • Est. Priority Date: 10/27/2005
  • Status: Active Grant
First Claim
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1. A method for associating a monetary value with a mobile device, comprising:

  • receiving a request to store a monetary value into an electronic wallet of a mobile device having a mobile identifier;

    determining if the mobile identifier assigned to the mobile device is associated with a bank account from a financial institution in addition to a mobile device account from a mobile device carrier; and

    transferring monetary value from the bank account in response to the determination and provided the bank account contains at least sufficient funds to fulfill the request for the monetary value; and

    storing the monetary value requested to the electronic wallet of the mobile device having the mobile identifier.

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