US 2018/0025331 A1Published application

Mobile banking system and method

AssigneeGlobal Compassion, LLC

InventorsDavid DALLENBACH, Steven TURNER

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Abstract

A mobile banking system and method allows an unbanked individual to engage in banking practices that would otherwise not be available to the individual due to the individual not having a bank account and not being able to cash checks, make deposits, etc. The mobile banking system allows the unbanked individual to create a registered system account and become a customer of the system. This system account allows the customer to make deposits at credit unions and merchants who are part of the mobile banking system. The customer can also withdraw funds from a merchant or make purchases from a merchant. The customer can also make donations to a desired donation receiver and create a wallet that allows the customer to allocate funds to cards in the wallet and allow individuals access to the cards and money associated with a card.

Claims19

Dependent claims

A mobile banking method which permits unbanked individuals having a mobile banking system account to at least make deposits or withdrawals to other registered members of the mobile banking system, comprising:

providing a registration capability for the unbanked individual to interact with a mobile banking system web application, or to download system software to a mobile device or PC, wherein said unbanked individual can interact with the mobile banking system web application or said downloaded system software by providing a unique cellphone ID, and one or more of a name, address, birthdate, social security number, tax identification number, wherein
said registration information is passed to a back end processor of the mobile banking system to setup a registered system account for said unbanked individual as a customer, the registered system account identified by a cell phone number of the customer;
issuing a debit card or a card number representing a debit card and issuing a registration number to said customer by the mobile banking system to activate a downloaded mobile banking system app, and issue an optional QR Code that can be displayed by the customer and read by the merchant, which would return the customer's name and picture if one was loaded during registration;
allowing said mobile systems app to be activated using a cell phone number, the registration number, and a PIN selected by the customer, the PIN stored in the back-end processor and subsequently required to open the app.

1 more element

A mobile banking system having one or more the following capabilities:

registration of unbanked individuals or merchants as customers or merchant customers, each with a registered system account, including issuing debit cards or card numbers representing a debit card based on the registered system account to the customer and/or the merchant customer;
permitting depositing money by the customer to a customer registered system account using a credit unions or a merchant customer;
permitting a customer to withdraw money from a merchant customer or make a purchase at a merchant customer;
permitting sending money from a registered system account holder to a remittance receiver;
permitting establishing multiple cards within a registered system account and allowing transferring funds between the multiple cards and use of funds in one or more of the multiple cards by individuals;
and
permitting a customer to make a donation to a donation receiver using funds from the customer's registered system account.

4 more elements

Dependencies are inferred from the claim text.

Facts

Application: 15/550,068Filed 11 Feb 2016
Priority: 11 Feb 2015
Published: 25 Jan 2018
Term ends: Not estimatedThe source records don’t support an estimate.

Classification9 codes

G06Q 20/10
Payment architectures: specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
G06Q 20/20
Payment architectures: point-of-sale [POS] network systems
G06Q 20/204
Point-of-sale [POS] network systems: comprising interface for record bearing medium or carrier for electronic funds transfer or payment credit
G06Q 20/206
Point-of-sale [POS] network systems: comprising security or operator identification provisions, e.g. password entry

Family

Application62/114,663Us provisional application · filed 11 Feb 2015
US 11,288,643 B2Related patent
US 2018/0025331 A1This patent

From the US filing history. Foreign family members aren’t listed.

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