AU2006100721A4 - The process for cash transfer from one mobile phone to another with access to cash instantly - Google Patents

Description

N REF: PROVISIONAL APPLICATION NO: 2005904688 IN THE NAME OF t HAROLD.PRIANNE. ANURATH.WIJETUNGE DATED 29 T AUGUST 2005.

APPLICATION FOR INNO VA TION PA TENT Al. FIELD OF INVENTION r- This invention is "The process for cash transfer from one mobile phone to another 8 with access to cash instantly." A2. BACKGROUND OF THE INVENTION The main reason for this Invention is to make available the transfer of Cash Funds from one person to another using the Senders Mobile Phone and thereby having the flexibility of transferring Funds at any hour of the day irrespective as to whether the Banks are open or not and even though the Receiver may be living across the Globe, the moment the Recipient is informed of the transfer of Cash by the Sender, the Receiver will have instant access to receiving his/her Cash from pre-designated payout points! A3. Whilst there are many methods available for Cash transfer through Banks, Cash Transfer Companies and other informal methods, none of these methods afford the ability to transfer the Funds via the Mobile Phone allowing immediate access to the' Cash from the nearest Pay out point/s.

In several known Cash transfer methods, the Receiver of the cash has to collect.

the Cash from Banks or Authorized Cash Points during regular Banking hours or working hours whilst the costs of such transfers are a lot dearer than the method provided for through this Invention A4. The primary object of the invention is to transfer Funds from one person (for this purpose the person is referred to as the "SENDER") via the use of his her Mobile Phone which will enable another person to receive these Funds almost immediately with ability of the "RECEIVER" making a withdrawal from a number pay out points using the "protocols" associated with the invention and such withdrawal information being conveyed to the "RECEIVERS" Mobile Phone.

The secondary object of the invention is to make the Funds transfer safe, convenient to use, fast and cost effective allowing for withdrawal of Funds during anytime or hour of the day by the "RECEIVER" who may be living in another part of the World.

\O

A6. SUMMARY OF THE INVENTION _STEP I The person making the Cash transfer using this Invention will purchase a Ci Mobile Cash Electronic Voucher from the Merchant outlet which Voucher will be electronically generated through the Electronic Funds Transfer terminals (POS EFTPOS) Machines available at Merchant outlets and the Mobile Cash Electronic Voucher will contain a 8 -16 Digit PIN (personal identification number) and the Value of the Amount of Cash the Sender has purchased for transfer on his or her Mobile Phone. This voucher will also contain C Instructions on "How to Use", Conditions of Use, Transaction Fee details and the Customer Help line Number.

In order to facilitate the electronic generation of the 8 -16 Digit "PIN" the EFTPOS POS terminals will be integrated to the Mobile Cash Central Remote Server which will host the Software driving this Invention.

The 8 16 Digits PIN on the Voucher will be dependent on the Country of use and security associated in each such Country of use.

STEP 2 The "SENDER" will through his her Mobile Phone Dial -up a pre determined Phone number, which is stated on the Mobile Cash Electronic voucher and will follow the instructions of the "Voice Prompts" which will be provided by the Software associated with the Invention to "Activate" the Cash transfer.

The "SENDER" of the Cash requires inputting this information by keying in it on the Mobile Phone Key pad in response to the requests of the "Voice prompts".

DESCRIPTION OF THE UNIQUE PROTOCOLS ASSOCIATED WITH MOBILE CASH TRANSFERS STEP 3 "SENDER" dials into Mobile Cash Central Remote Server and the following interaction will commence; Prompt 1 For English Press 1. For other Language Selection press 2.

Prompt 2 Enter your 8 -16 Digit PIN Number, which appears on the Mobile Cash Electronic Voucher. (The prompt repeats the number keyed in and then asks to confirm by pressing 1 or 2 to re-enter, on the key pad of the Mobile Phone.) Prompt 3 Enter the "RECEIVERS" Mobile Phone Number.

Prompt repeats number Request Press 1 to confirm. Press 2 to re-enter.

Prompt 4 Enter the Sum of Cash you wish to transfer.

Prompt Repeats Sum entered. Requests Pressl to confirm, Press 2 to reenter.

Prompt 5 Enter your own 4 6 Digit Security Identity Code. This is a four to six Digit number the Sender will make up and enter.

Prompt repeats number Requests Press 1 to confirm. Press 2 to Re-enter.

The Voice Prompt will now inform "SENDER" that the Mobile Cash transaction has been "Activated" on the Mobile Cash Central Remote Server.

The Mobile Cash Server Voice prompts will request "SENDER" to inform the "RECEIVER" of the cash transfer and the following under mentioned information which will enable the "RECEIVER" to withdraw Funds.

1. The 8 16 digit PIN number. (Refer step I) 2. The amount of cash transferred. (Refer step 1) 3. The 4 6 Digit Security Identification Code. (Refer step3 prompt The interaction with the Mobile Cash Central Server is now complete and the "SENDER" of Mobile Cash terminates the Call made to the Server.

STEP 4 The Mobile Cash Central Remote Server will be configured to communicate with "RECEIVERS" Mobile Phone Number and send by Short Text Message (SMS) a Reference Number for the transaction and confirms that a Cash sum awaits Collection at any Mobile Cash Pay out Merchant location.

STEP The "How to Use" instructions appearing on the Mobile Cash Electronic Voucher will require the "SENDER" to communicate by Short Text Message (SMS) with the Mobile Phone of the "RECEIVER" and inform him her of the 8 16 digit PIN Number and the amount of cash sent to enable withdrawal of Funds.

In order to maintain heightened Security, the "How to Use" instructions will require the Sender to communicate the 4 6 digit Security Identity Code verbally to the "RECEIVER'" and thereby ONLY the "SENDER" and "RECEIVER" will have the knowledge of the content of the 4 6 digit Security Identity Code which is the release "PIN" for the withdrawal of Funds.

STEP 6 "RECEIVER" of Funds will go to Merchant premises in his vicinity and request the Pa.out of Funds.

The Merchant will provide the EFTPOS POS Terminal allowing to access the Mobile Cash Central Remote Server. (The Merchant will dial in to the Central remote Server and provide the connectivity.) The "RECEIVER" will input the following data when prompts are displayed on the EFTPOS POS visual display.

1. 8 -16 Digit "PIN" relating to the transaction.

2. The "RECEIVERS" Mobile Phone Number.

3. The Amount of Cash to be received.

4. The transaction reference received to his /her Mobile Phone from the Mobile Cash Central Remote Server.

The Security Identity Code. "Release PIN" (4 6 Digit Number only known to the "SENDER" and the "RECEIVER".) The EFTPOS POS Terminal will access the Mobile Cash Central Remote Server and verify the "protocol" information and if matched will receive an approval (which will be visually displayed on the EFTPOS POS Terminal) enabling the "Merchant" to make the Cash payment to the "RECEIVER".

The EFTPOS POS Terminal in the Merchant premises will also print out a Receipt for signature by the Receiver, which will be used as proof of payment of cash to the "RECEIVER" together with associated transaction references.

THIS ENDS THE PROCESS FOR CASH TRANSFER FROM ONE MOBILE PHONE TO ANOTHER WITH ACCESS TO CASH INSTANTLY! A7. DESCRIPTION OF PROCESS FLOW.

The process flow is shown hereunder. The process flow illustrates the best mode contemplated for carrying out the Invention and serves to explain the principles of the invention.

1. (LOCATION- A) "SENDER" OF CASH PURCHASES A MOBILE CASH ELECTRONIC VOUCHER ISSUED BY EFTPOS POS MACHINE AT PARTICIPATING MERCHANT PREMISES. THE MOBILE CASH ELECTRONIC VOUCHER WILL CONTAIN A 8-16 DIGIT "PIN", AMOUNT OF CASH PURCHASED, HOW TO USE, CONDITIONS OF USE, TRANSACTION FEE AND THE CUSTOMER HELP LINE DETAILS.

2.

FOLLOWS "HOW TO USE" INSTRUCTIONS ON VOUCHER. BY PHONING A PRE DETERMINED NUMBER GIVEN ON THE VOUCHER THE "SENDER" ACTIVATES TRANSFER OF FUNDS ON MOBILE CASH CENTRAL REMOTE SERVER BY INPUTTING RELEVANT DETAILS BY USING HIS HER MOBILE PHONE.

ON COMPLETION OF THIS TASK THE SERVER CONFIRMS THE ACTIVATION.

3.

"SENDER" INFORMS "RECEIVER" THAT CASH IS ON SERVER READY FOR COLLECTION. TRANSMITS BY SHORT TEXT MESSAGE (SMS) REQUIRED WITHDRAWAL "PROTOCOLS" TO MOBILE PHONE OF RECEIVER" AND THE 4-6 DIGIT RELEASE PIN VERBALLY TO "RECEIVER" OF THE CASH TRANSFER.

4. THE CENTRAL REMOTE SERVER COMMUNICATES BY SHORT TEXT MESSAGE (SMS) WITH "RECEIVERS" MOBILE PHONE SENDING IT A REFERENCE NUMBER FOR THE TRANSACTION.

(LOCATION B) "RECEIVER" ASKS FOR PAYOUT AT MERCHANT PREMISES. ENTERS REQUIRED "PROTOCOLS" INTO EFTPOS POS TERMINAL WHICH IS LINKED TO MOBILE CASH CENTRAL REMOTE SERVER.

6. REMOTE SERVER VERIFIES TRANSACTION PROTOCOLS AND SENDS AUTHORIZATION FOR PAYMENT TO EFTPOS POS WHICH PRINTS-OUT PAPER RECEIPT AND "RECEIVER" SIGNS FOR CASH.

WHICH IS PAID OUT BY MERCHANT.

**TRANSACTION COMPLETE**

Claims (4)

1. An Electronically generated Mobile Cash Voucher characterized by encrypted I- 16 Digit PIN Number bearing check digits for verification and containing a Sum of Cash printed on it together with Instructions and Conditions of Use together with associated Transaction Fee and other Customer Help information.

2. Dial up to a Remote Mobile Cash Central SERVER which will contain the relevant activation prompts and would receive activation of the transaction by the User inputting such information through the pressing of the Key Pad of the Mobile Phone and following the "protocol" process enumerated in Step 3. The completion of the "protocol" process allows for "ACTIVATION" of transaction by the "SENDER" keying in the 8-16 digit PIN referred to in Claiml I together with the Amount of Cash for transfer referred to in Claim l and the keying in of the "Receiver's" Mobile Phone Number and the entry of a 4 6 digit Security Identity Code to facilitate Activation. The Remote Mobile Cash Central Server on Activation of transaction will generate and send a transaction reference number to the "RECEIVERS" Mobile Phone by short text message.(SMS) The "SENDER" forwards 8 -16 digits PIN Number and Cash amount sent referred to in Claim 1 and Security Identity Code referred to in Claim 2 to "RECEIVER" of Funds.

3. The "RECEIVER" dials the Remote Mobile Cash Central Server referred to in Claim 2 via the EFTPOS POS Terminal provided at the Merchant premises to obtain Authorization for the "Pay-Out" by using the 8-16 digit PIN Number, and Cash amount to be received referred to Claim 1 and by providing the transaction reference received direct from the Server and Security Identity Code (SIC) received from the "SENDER" referred to Claim 2 and by the inputting of the Receivers Mobile Phone number referred to in Claim 2.

4. The Transfer of Cash from one Mobile Phone to another with instant access to Cash is substantially enabled as described by Claims 1, 2 and 3 above and as hereinbefore described with reference to the process flow. DATED this 20 August.2006

1106.PRIANNE.ANURATH. WIJETUNGE No 8, Glenroy Place, Glenwood NSW 2768, AUSTRALIA.