Systems and methods for exchanging data related to unconsumed cellular time

A data exchange system for facilitating an allocation of unconsumed phone minutes or blocks of cellular time between a seller who offers to sell the minutes or time and a buyer who offers to purchase the minutes or time, comprising:

• a file server having at least one database for storing data related to the unconsumed phone minutes or blocks of cellular time associated with a sale offer or a purchase offer;
• a computer processor coupled to the file server and programmed to perform purchase and sale transactions of the minutes or time between the seller and the buyer;
• means for communicating to the data exchange system for digitally communicating the purchase and sale transactions in response to the purchase and sale offers;
• and
• a central processing module coupled to the file server, the processor, and the communication means for selectively settling the purchase and sale transactions based on the purchase and sale offers, and for transmitting instructions to an associated institution site such that the allocation of the unconsumed phone minutes or blocks of cellular time is respectively recorded in a seller's account and a buyer's account, both accounts residing in the institution site, based on the settled transactions.