Methods and systems for executing mobile currency transactions

A computer-readable medium storing computer-executable instructions that, when executed by a processor, cause the processor to:

• collect credentials from a mobile device;
• collect credentials relating to a user of the mobile device;
• use the collected credentials to establish a creditworthiness of the user;
• create a credit structure comprising a representation of the creditworthiness of the user;
• store the credit structure in a cache;
• receive a request to effect a transaction from the mobile device;
• identify that the mobile device has lost power or connectivity;
• query the credit structure stored in the cache to determine whether the user has sufficient credit to effect the transaction;
• and
• effecting the transaction when it is determined that the user has sufficient credit.

A system comprising:

• a push-to-pay entity;
• and
• a processor programmed with instructions that, when executed by the processor, cause the processor to:
• receive a request to effect a transaction from the push-to-pay entity;
• collect information identifying the system, a user of the system, and the transaction;
• create a transaction message comprising the information identifying the system, the user of the system, and the transaction;
• encrypt the transaction message in an encrypted security layer;
• wrap the encrypted security layer in an external package layer to create an electronic currency message, wherein the external package layer is visible to a network;
• transmit the electronic currency message via the network to middleware interfaced with one or more external transaction networks involved in the transaction;
• receive an instruction to effect the transaction from the middleware;
• and
• effect the transaction.