Method and system for managing monetary value on a mobile device
First Claim
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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0 Petitions
Accused Products
Abstract
Aspects of the present invention feature a method of managing a monetary value stored in an electronic wallet of a mobile device. These management operations include receiving an indication that the mobile device from a mobile device account of a mobile device carrier cannot be located and is either lost or stolen. Subsequently, a determination is made to see if the mobile device has an associated electronic wallet capable of storing a monetary value. Generally, the use of mobile device and access to electronic wallet is blocked in response to determination that mobile device has an associated electronic wallet. In addition, the electronic wallet can be flagged such that the electronic wallet associated with mobile device will be drained of monetary value as well as being blocked.
224 Citations
26 Claims
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1. A method for associating a monetary value with a mobile device, comprising:
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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. - View Dependent Claims (2, 3, 4, 5, 6, 7, 9, 10)
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8. The method of claim I wherein the mobile identifier includes an RFID, obtained from an RFID tag associated with the mobile device.
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11. A method of managing a monetary value stored in an electronic wallet of a mobile device, comprising:
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receiving an indication that the mobile device from a mobile device account of a mobile device carrier cannot be located;
determining if the mobile device has an associated electronic wallet capable of storing monetary value; and
blocking use of mobile device and access to electronic wallet in response to determination that mobile device has an associated electronic wallet. - View Dependent Claims (12, 13, 14, 15, 16, 17)
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18. A method of transacting a monetary value stored in an electronic wallet, comprising:
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identifying a mobile device on a mobile device network according to a mobile identifier associated with the mobile device;
determining if the mobile device on the mobile device network has an electronic wallet to be drained of monetary value; and
draining a monetary value from the mobile device in response to the determination by removing a predetermined amount of monetary value from the electronic wallet associated with the mobile device. - View Dependent Claims (19, 20, 21, 22, 23)
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24. A computer program product for associating a monetary value with a mobile device, tangibly stored on a computer readable medium, comprising instructions operable to cause a programmable processor to:
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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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25. A computer program product for managing a monetary value stored in an electronic wallet of a mobile device, tangibly stored on a computer readable medium, comprising instructions operable to cause a programmable processor to:
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receiving an indication that the mobile device from a mobile device account of a mobile device carrier cannot be located;
determining if the mobile device has an associated electronic wallet capable of storing monetary value; and
blocking use of mobile device and access to electronic wallet in response to determination that mobile device has an associated electronic wallet.
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26. A computer program product for transacting a monetary value stored in an electronic wallet, tangibly stored on a computer readable medium, comprising instructions operable to cause a programmable processor to:
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identifying a mobile device on a mobile device network according to a mobile identifier associated with the mobile device;
determining if the mobile device on the mobile device network has an electronic wallet to be drained of monetary value; and
draining a monetary value from the mobile device in response to the determination by removing a predetermined amount of monetary value from the electronic wallet associated with the mobile device.
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Specification