Electronic currency and authentication system and method
AssigneeTectonics
InventorJonathan Dharmapalan
Life of this patent
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Abstract
An electronic currency and authentication system and method. An electronic money validator is attached to electronic money. The electronic money validator authenticates the electronic money originated by electronic money issuer. The electronic money might be originated when cash or cash equivalent is received from a customer for deposit into the customer's account. The electronic money validator is retired when the electronic money is removed from circulation.
Claims36
In a communication network having a plurality of electronic money issuers including one or more mobile network operators or other non-banking institutions wherein the mobile network operators can receive cash deposits from mobile subscribers, a method of certifying electronic money corresponding to cash received by a mobile network operator, said method comprising:
- attaching an electronic money validator to the electronic money brought into circulation by a mobile network operator when a cash deposit is received from a mobile subscriber for deposit into the mobile subscriber's account administered by the mobile network operator;
- and
- retiring the electronic money validator when the electronic money is removed or taken out of circulation.
In a communication system having a plurality of electronic money issuers including one or more mobile network operators or other non-banking institutions, wherein the electronic money issuers can receive cash deposits from its customers, a method of certifying electronic money originated by said electronic money issuers, said method comprising:
- attaching at least one electronic money validator to electronic money, said electronic money validator certifying said electronic money brought into circulation by the electronic money issuer when a cash deposit is received from a customer for deposit into the customer's account administered by the electronic money issuer, and
- withdrawing the electronic money validator when the electronic money is removed from circulation, wherein said withdrawal is by transmitting a withdrawal indication that the electronic money validator has been withdrawn from circulation.
A system comprising:
- one or more processors;
- and
- logic encoded in one or more tangible media for execution by the one or more processors and when executed operable to:
- attach an electronic money validator to electronic money brought into circulation by a mobile network operator when a cash deposit is received from a mobile subscriber for deposit into the mobile subscriber's account administered by the mobile network operator;
- and
- retire the electronic money validator when the electronic money is removed or taken out of circulation.
A system comprising:
- one or more processors;
- and
- logic encoded in one or more tangible media for execution by the one or more processors and when executed operable to:
- attach at least one electronic money validator to electronic money in order to validate said electronic money brought into circulation by an electronic money issuer when a cash deposit is received for deposit into the customer's account administered by the electronic money issuer;
- and
- withdraw the electronic money validator upon the electronic money being removed from circulation, wherein said withdrawal is by transmitting a withdrawal notification report indicating that the electronic money validator has been withdrawn from circulation.
Dependencies are inferred from the claim text.