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US 2010/0133337 A1Published application
Portable payment device
AssigneeFundamo (Proprietary) Limited
InventorJohannes Janse Van Rensburg
Life of this patent
Estimating the term…
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AssigneeFundamo (Proprietary) Limited
InventorJohannes Janse Van Rensburg
Estimating the term…
A payment method and system are provided for electronic data that is purchased by a recipient from a supplier thereof for transmission to the recipient with payment being made in advance of downloading of the electronic data. The pre-payment entitles the recipient to a predetermined period of time online, or a predetermined quantity of downloaded electronic data. Payment control means associated with communication means communicates with a source of funding associated with the particular recipient and an allocated funds register is associated with the source of funding such that an initial quantum of value contained in the source of funding is credited to the allocated funds register. The payment control means monitors the balance remaining in the allocated funds register and when a predetermined low value is reached a further predetermined quantum of value contained in the source of funding is credited to the allocated funds register to increase the balance therein and enable continued connectivity.
A portable payment device comprising a casing having a microprocessor and memory means therein with the memory means being configured to include an electronic purse for the retention of value that is operatively available to be decremented in off-line transactions, coupling means for coupling the microprocessor to a cooperant device to enable the transfer of value from or to the electronic purse to carry out proximity payments, and user interface means for enabling a user to input instruction data into the portable payment device,
Dependencies are inferred from the claim text.