Classical wallet

We claim plurality of these “classical wallets” which function as a mini-bank:

• “If there are assets in the “Classical Wallet”, you won't need to use a bank”. Anyone can make a financial transaction at any time. The requirements will be downloaded into a plurality of electronic devices, like a smart phone, iPhone, iPad or computer connected to the internet. The physical presence of credit/debit cards and personal documents will be downloaded electronically to the “Classical Wallet”. Also, the “Classical Wallet” can be used as a system and method for conducting E-commerce via the internet in any environment.
• The “Classical Wallet” will have a drop-down menu. The menu will be divided into a plurality of at least seven (7) sections:
• a.) Assets (income), Debits (payments) and investments. b.) Credit or Debit digital cards and Loan Companies. c.) Record payments to the issuer of the credit/debit digital card d.) Monthly credit scores from the Credit companies. e.) Personal documents issued by local State or Federal Government. f.) Health history records and nutrition. g.) Pictures/Multimedia
• Each one of these (7) sections will only open with voice recognition, or the digital impression (thumb print) of the owner, applied to the face of the “Classical Wallet”. The owners' thumb print is unique for each “Classical Wallet”. In the event that the personal “Classical Wallet” is lost, the whole data can be deleted or, if found, re-instated wireless. The owner will be assigned a memory stick (works for a unique device) for future record keeping and storage.
• The assets (income) will show the balance in the checking and savings accounts daily. These records will be sent to the “Classical Wallet” by the bank or authorized organizations, making deposits to the unique “Classical Wallet”.
• The debits (payments) will show any outstanding statements daily and at closing. It will show record of payments.
• Bills
• Amount due
• Due date
• Date paid
• Balance
• When a payment is executed via an “automated bank deduction” or debit card this action will be entered in the “date paid” column
• Upon request, any of the bills listed can be reclaimed to show all the details of the accounting of the monthly statements.
• Investments will give lessons of personal finance
• The owner of the “Classical Wallet” will apply for opening an account to a financial institution Once approved, it will show the details in the “Classical Wallet” and then, the owner of the “Classical Wallet” can proceed to apply for a credit/debit card. Once approved by the financial institution. The credit/debit card will display in that owners “Classical Wallet” as a virtual digital credit/debit card. The authorized digital card will show a picture (optional), name, age and a barcode. The barcode will show any details that the bank or the credit store wants to install in the barcode for security.
• This security will prevent to transfer this credit/debit digital card into a different device than the one it was intended for. The creditor, at his discretion, can remove the card from the “Classical Wallet”.
• This Credit card will keep track of all monthly transactions and also will always show the total daily expenditures as well as the balance on the account.
• Merchants will be assigned a proper portable scan-device that will record the transaction from the owner of the “Classical Wallet”. The merchant that wants to collect the sum of the transaction initiated by the owner of the “Classical Wallet” will use a scanner and will scan the barcode of the smart phone, iPhone or iPad. Immediately, an approval or disapproval of such a transaction will show. There is no need for paper receipts of transactions or the use of an approved signature. The creditor will financially complete the transaction and subsequently bill electronically the respective card issuer.
• Every “Classical Wallet” will come with an USB Memory Stick which is programmed to only work with the specific “Classical Wallet”. When the “Classical Wallet” is filled with the information (credit card or other documents), all that information should be backed up on the USB Memory Stick for future use in the event that the “Classical Wallet” is lost or stolen.
• The stored information in the “Classical Wallet” will be erased with a certain command. At such a time the USB Memory Stick can be loaded into a new issued “Classical Wallet”.
• In an e-commerce era, more and more people are purchasing items over the internet. These purchases will be made possible with the “Classical Wallet” because each “Classical Wallet” will be issued a scanner.
• Each scanner is unique and will only work for a unique “Classical Wallet”. The scanner will not work with any other “Classical Wallet”. After a purchase with the “Classical Wallet” the merchant will send an electronic receipt to your device.
• The new electronic device will also be able to receive the monthly credit scores for the recipient of the “Classical Wallet”. Owners of the “Classical Wallet” who maintain a credit score above “800” can have their own credit cards without using any credit institutions.
• When a local State or the Federal Government issues a document, (e.g. Drivers' License, Social Security card, Medicare Card, Passport, Birth Certificate, Marriage License, Divorce Certificate, Food Market Credit Card or any other Security document), all of these documents in scripted will be secure inside the “Classical Wallet” because no one can duplicate them;
• Every time there is a change to one of the documents in the “Classical Wallet”, a new paperless document will be issued right into your “Classical Wallet”.
• All health records, Immunization records, lab- and test results will be recorded the minute you see a doctor and any action done by the health provider will be input in the record of the owner of the “Classical Wallet”.
• This section will also show a multi-media phone, text input and all the functions of a smart phone, iPhone or iPad will be included.