M-commerce virtual cash system, method, and apparatus
AssigneeQUALCOMM Incorporated
InventorJoan T. Waltman
Life of this patent
Estimating the term…
Abstract
A virtual cash system, method, and apparatus has an account record containing a record of money amounts associated with a wireless device and a transmitter for wirelessly transmitting to the wireless device predetermined information from the account record. Cash amounts can be spent from the account record directly from the wireless device via information derived from the wireless device via a bar code on the display, a short range radio signal, a light beam, or the like. A different security code is generated for each account transaction for verification.
Claims25
A computer operated method for receiving payment through a virtual cash system comprising:
- creating an electronic transaction record for a payment in a transaction, the electronic transaction record including a first amount of virtual cash and security information;
- transmitting over a communications network an electronic verification request for the transaction, the electronic verification request comprising:
- the security information;
- an identifier for a first account record;
- and
- an instruction to transfer the first amount of virtual cash to the first account record;
- receiving from the communications network an electronic verification response for the transaction;
- receiving an authorization for the payment of the transaction;
- and
- completing the transaction.
A computer system for use in receiving payment through a virtual cash system, the computer system comprising:
- a memory;
- a communications input/output (I/O) device;
- and
- a processor operable to:
- store in the memory an electronic transaction record for a payment in a transaction, the electronic transaction record including a first amount of virtual cash and security information;
- transmit via the communications I/O device an electronic verification request for the transaction, the electronic verification request comprising:
- the security information;
- an identifier for a first account record;
- and
- an instruction to transfer the first amount of virtual cash to the first account record;
- receive from a communications network via the communications I/O device an electronic verification response for the transaction;
- and
- complete the transaction.
A computer system for use in receiving payment through a virtual cash system, the computer system comprising:
- means for creating an electronic transaction record for a payment in a transaction, the electronic transaction record including a first amount of virtual cash and security information;
- means for transmitting over a communications network an electronic verification request for the transaction, the electronic verification request comprising:
- the security information;
- an identifier for a first account record;
- and
- an instruction to transfer the first amount of virtual cash to the first account record;
- means for receiving from the communications network an electronic verification response for the transaction;
- means for receiving an authorization for the payment in the transaction;
- and
- means for completing the transaction.
A computer program product comprising a non-transitory computer usable medium having a computer readable program code embodied therein, said computer readable program code executable to implement a method for operating a virtual cash system comprising:
- creating an electronic transaction record for a payment in a transaction, the electronic transaction record including a first amount of virtual cash and security information;
- transmitting over a communications network an electronic verification request for the transaction, the electronic verification request comprising:
- the security information;
- an identifier for a first account record;
- and
- an instruction to transfer the first amount of virtual cash to the first account record;
- receiving from the communications network an electronic verification response for the transaction;
- receiving an authorization for the payment of the transaction;
- and
- completing the transaction.
Dependencies are inferred from the claim text.