# US 2014/0207665 A1 · Money transfer smart phone methods and systems > Agents: this data is available as JSON from the patentgrep API and MCP server — see https://patentgrep.com/llms.txt - Number: US 2014/0207665 A1 - Document ID: US20140207665A1 - Status: Published application - Kind: A1 - Application number: 14/225,450 - Filed: 2014-03-26 - Published: 2014-07-24 - Earliest claimed: 2010-04-08 - Assignees: The Western Union Company - Applicants: The Western Union Company - Inventors: Kimberly Dunwoody - Web page: https://patentgrep.com/patent/US20140207665A1 ## CPC - G06Q 20/381: {Currency conversion} - G06Q 20/10: specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems - G06Q 20/223: {based on the use of peer-to-peer networks} - G06Q 20/227: {characterised in that multiple accounts are available, e.g. to the payer} - G06Q 20/3221: {Access to banking information through M-devices} - G06Q 20/326: {Payment applications installed on the mobile devices} - G06Q 20/40: Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists - G06Q 40/00: Finance; Insurance; Tax strategies; Processing of corporate or income taxes - G06Q 40/04: Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange - G06Q: INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR ## Abstract A mobile device for providing currency exchange, is described. The mobile device includes a computer processor, a memory device having sets of instructions stored thereon, and a camera device configured to photograph an image of currency of a first country's currency. The computer processor executes the sets of instructions, which cause the computer processor to: based on the image, determine a first amount and a country of origin of the currency, determine, using location services of the mobile device, a current location of the mobile device, based on the current location, determine a second country's currency, determine an exchange rate between the first country's currency and the second country's currency, and calculate a second amount in the second country's currency based on the first amount and the exchange rate. ## Claims ### Claim 1 A mobile device for providing currency exchange, the mobile device comprising: a computer processor; a memory device having sets of instructions stored thereon; and a camera device configured to photograph an image of currency of a first country's currency; wherein the computer processor executes the sets of instructions, which cause the computer processor to: based on the image, determine a first amount and a country of origin of the currency, determine, using location services of the mobile device, a current location of the mobile device, based on the current location, determine a second country's currency, determine an exchange rate between the first country's currency and the second country's currency, and calculate a second amount in the second country's currency based on the first amount and the exchange rate. ### Claim 2 (depends on 1) The mobile device for providing currency exchange as in claim 1, further comprising, based on the location of the mobile device, determining currency exchange provider locations. ### Claim 3 (depends on 2) The mobile device for providing currency exchange as in claim 2, wherein the currency exchange provider locations are determined based, in part, on a distance from the mobile device's location. ### Claim 4 (depends on 2) The mobile device for providing currency exchange as in claim 2, further comprising identifying preferred exchange providers. ### Claim 5 (depends on 4) The mobile device for providing currency exchange as in claim 4, further comprising locking the exchange rate for the preferred providers. ### Claim 6 (depends on 1) The mobile device for providing currency exchange as in claim 1, wherein the mobile device comprises a Smartphone. ### Claim 7 A method of providing currency exchange, the method comprising: receiving, from a camera device of a mobile device, an image of currency of a first country's currency; based on the image, determining a first amount and a country of origin of the currency; determining, using location services of the mobile device, a current location of the mobile device; based on the current location, determining a second country's currency; determining an exchange rate between the first country's currency and the second country's currency; and calculating a second amount in the second country's currency based on the first amount and the exchange rate. ### Claim 8 (depends on 7) The method of providing currency exchange as in claim 7, further comprising, based on the location of the mobile device, determining currency exchange provider locations. ### Claim 9 (depends on 8) The method of providing currency exchange as in claim 8, wherein the currency exchange provider locations are determined based, in part, on a distance from the mobile device's location. ### Claim 10 (depends on 8) The method of providing currency exchange as in claim 8, further comprising identifying preferred exchange providers. ### Claim 11 (depends on 10) The method of providing currency exchange as in claim 10, further comprising locking the exchange rate for the preferred providers. ### Claim 12 (depends on 7) The method of providing currency exchange as in claim 7, wherein the mobile device comprises a Smartphone. ### Claim 13 A non-transitory computer-readable medium for providing currency exchange having sets of instructions stored thereon which, when executed by a computer, cause the computer to: receive, from a camera device of a mobile device, an image of currency of a first country's currency; based on the image, determine a first amount and a country of origin of the currency; determine, using location services of the mobile device, a current location of the mobile device; based on the current location, determine a second country's currency; determine an exchange rate between the first country's currency and the second country's currency; and calculate a second amount in the second country's currency based on the first amount and the exchange rate. ### Claim 14 (depends on 13) The non-transitory computer-readable medium of providing currency exchange as in claim 13, wherein the sets of instruction when further executed by the computer, case the computer to, based on the location of the mobile device, determine currency exchange provider locations. ### Claim 15 (depends on 14) The non-transitory computer-readable medium of providing currency exchange as in claim 14, wherein the currency exchange provider locations are determined based, in part, on a distance from the mobile device's location. ### Claim 16 (depends on 14) The non-transitory computer-readable medium of providing currency exchange as in claim 14, wherein the sets of instruction when further executed by the computer, case the computer to identify preferred exchange providers. ### Claim 17 (depends on 16) The non-transitory computer-readable medium of providing currency exchange as in claim 16, wherein the sets of instruction when further executed by the computer, case the computer to lock the exchange rate for the preferred providers. ### Claim 18 (depends on 13) The non-transitory computer-readable medium of providing currency exchange as in claim 13, wherein the mobile device comprises a Smartphone.