WO2011089451A1

WO2011089451A1 - Method - protocol of tele-communication transactions

Info

Publication number: WO2011089451A1
Application number: PCT/GR2011/000004
Authority: WO
Inventors: Nikolaos Kafetzis
Original assignee: Nikolaos Kafetzis
Priority date: 2010-01-19
Filing date: 2011-01-19
Publication date: 2011-07-28
Also published as: GR1007336B

Abstract

A tele-electronic processing method of financial transactions and rendering of financial services, via the implementation of a specifically designed software in the protocol of the Short Message Service (SMS), which is installed in telecommunication devices, through which the users of these telecommunication devices are able to text each other (this particular type of texts) through the telecommunication network. As a result, in its total, it is considered to be a complete tele-electronic system of distribution and management of capital and financial orders. The implementation and the financial outcome is fulfilled by the completion and the forwarding of a specially designed and standard text/ Financial Transaction Text (FT.T.), using a mobile device or a typical telephone or an internet connection (which supports the sending and receiving of text messages of SMS type) and its corresponding reception, recognition and acceptance by a telecommunication device, which supports these particular telecommunication applications (SMS) of this specific financial transaction type of texts - orders and results. The intervention, approval, forwarding and certification of the transaction are implemented through an institution which manages, forwards and supports the texts and the financial orders, which are being implemented by means of the new transaction method, in telecommunication ways.

Description

METHOD - PROTOCOL OF

TELE-COMMUNICATION TRANSACTIONS

The protocol-method of the tele-communication financial transactions is considered to be, according to the contemporary tele-communication and transactional facts, an innovative tele-electronic application-processing method of financial acts, innovative as far as the new, fast and practical possibility to exchange standardized-certified texts, which integrate financial orders for the purchase of products, services and the distribution of capital in general through the use of a telephone or another tele-communication device (mobile phone/computer/a telephone device with the potential of sending and receiving written texts), which is connected to the tele-communication network, supports and provides the opportunity of communicating via texting (SMS). Moreover, the application is made possible through tele-communication devices that are connected to the internet, which are an extension-evolution of the network of the already existing telephony-telecommunication through the electronic, earthly, wireless or even satellite communication, which is supported by the specific system-distribution protocol of written orders (SMS-GSM).

The orders-messages correspond · to amounts that are being distributed through specific orders-messages and are real (accounting/disposable due), as well as to the common banking transactions. However, there is an innovative difference; they use as their transaction platform only the telephony account (mobile or stable or internet), which can be now exploited as a means of paying and transferring money among the "generally speaking" users of telephones. Thjs account is a kind of an "open" account, to which is charged everything that has to do with the services provided by the telephone applications. After the exploitation of the provided services, the tele-communication account has a credit due, where there is written the debt of the subscriber to the telephone company, for the services it provided. In the case of application-operation of this method, it is presupposed:

A) A payment in advance of a symbolic amount of money to the account of the telephone company, in order to create a balance due (e.g. 10 Euros) (as a prepayment to the service - transaction), in order to cover the transaction cost.

B) The purchase of a prepaid card (tele- transactions card), which gives credit to the account with an additional asset-equal to its integrated money value (e.g. 10 Euros), so as to make the tele- transaction possible). Any further possibility for the creation of a balance due-limit, for emergency cases-to cover a credit need of the subscriber- user, depends on the discretion of the distribution and management institution of financial orders-texts. At the same time, however, it is also possible to include a banking account into the network, so as to cover the existing tele-communication account, through a (banking account or credit card), according to the existing practice, without considering the latter as a necessary condition for the operation and application of the method. The aforementioned services are being provided on the basis of an explicit, written order-contract of service provision between the applicant subscriber and an institution of financial support, which combines the provision of telephony services, subscription or / and not (prepaid card).

Tele- transactions are realized under an explicit billing order of:

The existing telephone account, which among the provided tele-communication services is also used as a "tele-communication wallet".

The tele-communication account can also be connected to one of the following:

A) An already existing banking account, through a regular automatic bank charge. B) An already existing credit card account.

Or a prepaid card (a card used for renewing the account of the tele-transactions. In order to secure the smooth and prompt settlement-repayment of the telecommunication account and the financial orders given.

Tele-communications are being realized only in a tele-electronic mode through the running of a specific application (a particular software), using as an application platform the widely known transfer protocol of tele-communicational facts (SMS/GSM). The new type of texting that is being introduced and adopted for the execution of financial transactions is a special extension of the operation- implementation of the widely known texts, inserting into the already existing navigation texting environment a specific texting type (standardized and certified), which includes orders with a financial content and effect. These transactions cover a wide range of financial products, including the order for the purchase of goods or/ and services, and especially those for the distribution of money. What is presupposed is to have the possible users enrolled to the tele-communication system and have made sure that their devices and their computers can support - read, in technical terms, this specific type of texting, following the corresponding security prescriptions. The transaction presupposes the existence and application of a specific software in the communication device, and more specifically to the catalogue of the messages, the existence and the recognition of the corresponding software to the intermediary institution of order transmission, the existence of the same software, which distributes orders for credit support to the receiver of the order, so as to make every transaction possible, feasible, credible and safe. The financial orders are also distributed in electronic form, so as to be used within the frames of the electronic transfer of capitals. Compatibility with S.E.P.A. (Single Euro Payments Area)

The aforementioned applications are enlisted among the wider operation framework of S.E.P.A. (Single Euro Payments Area), through which the processes are being simplified and homogenized, as well as the transfer and processing systems of the financial orders, within the Euro zone. The application of the protocol and the method is totally compatible with the prescriptions and the operation mode, as well as the security prescriptions of S.E.P.A.

GRAPHICAL PRESENTATION OF A TEXT

1) CAPITAL TRANSFER 2) PURCHASE OF A PRODUCT

TEXT OF FINANCIAL TRANSACTION TEXT OF FINANCIAL TRANSACTION TYPE OF TRANSACTION: SENDING TYPE OF TRANSACTION: PURCHASE OF A

MONEY PRODUCT

AMOUNT: 100 EUROS AMOUNT: 100 EUROS

RECEIVER: 6984082385 RECEIVER: 6984082385

INSTITUTION OF MANAGEMENT - INSTITUTION OF MANAGEMENT - CERTIFICATION: PASION CERTIFICATION: PASION

TRANSACTION CODE: NK7121977 SAFE TRANSACTION CODE: NK7121977 APPROVAL NUMBER: 01121946 APPROVAL NUMBER: 01121946

REASON: CAPITAL TRANSFER REASON: CAPITAL TRANSFER

TYPE OF DUE: ACCOUNTING / TYPE OF DUE: ACCOUNTING / DISPOSABLE

DISPOSABLE

3) PURCHASE OF A SERVICE 4) PAYMENT OF A BILL

7) DISTRIBUTION OF ELECTRONIC MONEY 8) BANKING PRODUCTS

TEXT OF FINANCIAL TRANSACTION TEXT OF FINANCIAL TRANSACTION TYPE OF TRANSACTION: ELECTRONIC TYPE OF TRANSACTION: BANKING

MONEY PRODUCT

AMOUNT: 100 EUROS AMOUNT: 100 EUROS / BANKING

RECEIVER: 6984082385 PRODUCT: CONSUMER LOAN

INSTITUTION OF MANAGEMENT - RECEIVER: BANK (NUMBER)

CERTIFICATION: PASION INSTITUTION OF MANAGEMENT

SAFE TRANSACTION CODE: NK7121977 CERTIFICATION: PASION

APPROVAL NUMBER: 01121946 SAFE TRANSACTION CODE: NK7121977

REASON: DISTRIBUTION OF APPROVAL NUMBER: 01121946

ELECTRONIC MONEY REASON: LENDING OBLIGATION

TYPE OF DUE: ACCOUNTING / TYPE OF DUE: ACCOUNTING /

DISPOSABLE DISPOSABLE

9) PURCHASE WITH PART

PAYMENT 10) TEXT FOR DEBT UNDERTAKING

TEXT OF FINANCIAL TRANSACTION TEXT OF FINANCIAL TRANSACTION TYPE OF TRANSACTION: PURCHASE TYPE OF TRANSACTION: DEBT

WITH PART PAYMENT UNDERTAKING AMOUNT: 100 EUROS AMOUNT: 100 EUROS

RECEIVER: 6984082385 RECEIVER: 6984082385

INSTITUTION OF MANAGEMENT - INSTITUTION OF MANAGEMENT

CERTIFICATION: PASION · CERTIFICATION: PASION

SAFE TRANSACTION CODE: NK7121977 SAFE TRANSACTION CODE: NK7121977

APPROVAL NUMBER: 01121946 APPROVAL NUMBER: 01121946

REASON: CAPITAL TRANSFER REASON: OBLIGATION TRANSFER

TYPE OF DUE: ACCOUNTING / TYPE OF DUE: ACCOUNTING /

DISPOSABLE DISPOSABLE 12) RECEIVER TEXT (UNIFORM)

CURRENT PROCESSING FORMS OF FINANCIAL TRANSACTIONS

Nowadays, the total amount of financial transactions, the purchase of goods and services is implemented in the following ways: A) Under the material existence- transfer of security and valuables (banknotes, golden notes). Β)· Under the use of negotiable security - loan stock (bill of exchange, cheques, bonds, stocks). C) Under the use of a debit or a credit card via ATMs (Automated Teller Machines) and terminal machines, like P.O.S./E.F.T. (Points of Sales / Electronic Fund Transaction) and the wide use of internet through ELECTRONIC BANKING, as well as the general transactions through internet with the statement - use - charge of a credit, a debit or a prepaid card. D) Under the use of services for money transaction (with a code) to all over the world. E) The use of services that allow the purchase - payment through internet. F) Under the use of electronic money, where the units of electronic money are transformed and equalized with the value of the compatible money. G) Under the recent evolution of PHONE BANKING - sub-application of MOBILE BANKING - and the most recent service of all, SMS BANKING. All the above methods presuppose either the material presence (corpus) of money (in the case of banknotes), or the material presence of a cheque book/ bills of exchange / bonds, or the existence of an available electronic equipment of transactions, like an A.T.M. and E.F.T./P.O.S. in the cases of cards and a substructure for a stable telephony network and provision of electricity, or, finally, the existence of an internet substructure and electronic money for the transactions through internet in general. Only recently have certain financial institutions started using the newly-established service of PHONE BANKING, which after a call to the automatic exchange of the Bank (provider), through a series of phonetic orders or through the keyboarding of numbers and the use of a key-tone system of calls (each number corresponds to a different tone), one can activate the order for a updating or commission of a banking transaction and the provision of the banking services. Furthermore, one can turn to a company that provides telephone services, where one can buy or provide, by a pre-determined department, services of information, entertainment and updating (ringtones, screensavers, etc) by sending a five digit - most of the times- text, e.g. YA to 54160, charge 1 ,18 Euros/SMS+VAT 19%). The provision and the purchase of the service is succeeded through a known, among the markets, way of transaction and the charge of the provided services is transferred directly to the telecommunication account. Every transaction in the internet and in the PHONE BANKING-MOBILE BANKING-SMS BANKING presuppose the intervention of a certification institution for financial services (Bank). Up to date, Banks can provide to the client only informative services via the SMS- BANKING service, through texts that are transmitted through a provider (IVR), which is installed inside the banking environment and corresponds to a number +69... , which receives the texts sent by the customers and which also sends responsive texts providing simple information.

None of the aforementioned and the so far known, under the present conditions and transactional practices, cases does look like with the way and the present transactional method, which is introduced for the very first time under the following described form of tele-transactions and is succeeded with the use of a specialized software, through a network of tele-communications, exploiting only the account of the provided tele-communication services, in order to cover, in a financial manner, the transaction and to promote - distribute - complete a financial order, without needing the intervention of a banking institution. TELE-TRANSACTIONS SOFTWARE SYSTEM

The software system of the method is an essential electronic platform of the application, on the basis of which are being completed the following transactions.

The installment and operation of the software is being used by the telephony users, the management and money distribution institutions, as well as by the companies that use for their transactions the above tele-electronic system, so as to make communication and the recognition of the type of financial orders, received and supported by the communication devices (mobile phone -stable phone - computers), feasible. The software system includes a logical series of electronic orders, as it is now supported by the most updated editions for security certification, in order to succeed the desired financial effect, but also to secure the complete security and the general reliability of the transaction. Taken on its basis, its implementation makes capital and financial orders' distribution feasible. Its essential operation manages to bridge the three-fold communication and transaction between the sender of the order, the receiver and the managerial institution. Each order corresponds to a true value of money, which is distributed in an electronic form.

NECESSARY TECHNOLOGICAL TRANSACTION PRESUPPOSITIONS

A) ACTIVATED MOBILE OR STABLE PHONE OR A COMPUTER.

B) CONNECTION TO A NETWORK OF MOBILE OR STABLE TELEPHONY OR TO THE INTERNET.

C) VALID TELEPHONE NUMBER OR I. P. ADDRESS.

D) BANK ACCOUNT / CREDIT CARD (OPTIONAL).

E) INSTALLED SOFTWARE.

F) SUBSCRIPTION TO THE SERVICE > STATEMENT OF PERSONAL DATA. G) RECEPTION OF PERSONAL CODES (PIN & PUK) AND OF THE UNIQUE TRANSACTION CODE BY THE INSTITUTION OF FINANCIAL MANAGEMENT.

H) APPLICATION OF AN EMAIL ADDRESS NEEDED FOR CONNECTION THROUGH EMAIL (OPTIONAL).

TECHNICAL SPECIFICATIONS FOR UPLOADING SOFTWARE TO A DEVICE

I) External memory card or a USB memory stick.

2) Installment of the software and its application to the existing memory of the mobile phone or to the SIM card.

SPATIAL - TEMPORAL FRAME FOR THE CONDUCT OF ELECTRONIC

TRANSACTIONS

All transactions are made in real time, depending on the disposability of the real amounts existing in the account of the sender of the orders, having as a result the creation of a due (accounting / disposable). In this way, it is secured that the content of the financial order will be fulfilled, even granting a logical amount of time for credit (Reasonable time space for the fulfillment of a transaction) by the managerial institution or a private individual (Time limited order). As a result, the transfer of money orders - amounts is made possible via a system of written texts (SMS/GSM) within the frames of a new and innovative application, through which "economic communication" is achieved among persons that transact on financial terms using communication devices, which are supported by certified communication protocols, in order to achieve a specific financial result. The innovation lays on the fact that the transaction is completed without the material existence of money or its plastic counterparts that integrate electronic data (like debit and credit cards). Instead, they make use of a simple charge of a profit balance upon the telecommunication account). In this way, transaction outside a Bank and ATMs are facilitated (it is made possible to integrate this specific technology in cooperation with the already existing operational systems, so as to make money transfer and transactions feasible within a Banking environment). The same is valid in the cases where card reader systems, like E.F.T.-ELECTRONIC FUND TRANSACTION/ P/O.S.-PONT OF SALES, are used, as well as for every terminal that presupposes the transition to and from these points of transaction (stores) of people that wish to transact, especially when these stores are not available or are distant. Moreover, as far as purchases through internet are concerned, consumers always run the risk to have their card numbers or their codes stolen, in opposition to this method, which "isolates" the transaction data to a standardized - certified written text, along with all contemporary security specifications, making these transactions simple, and most importantly, safe, in comparison to every other everyday transaction.

INVENTIVENESS - USABILITY - CREATIVITY

TECHNOLOGICAL INFRASTRUCTURE OF THE APPLICATIONS AND REALIZATION OF TRANSACTIONS

It is succeeded the new, easy and technologically feasible transfer of financial orders, which are based on the parallel operation of the already existing telephony account, which from one point of view exists and is charged by the services that provide the telephone and tele-communication network, but also as an alternative electronic - tele communication portfolio for the distribution of financial orders that correspond to a certain amount of money or to the purchase of products - services. i In order to achieve this specific technical, and financial to its very essence, result, what is considered to be an immediate, basic and necessary presupposition is the existence and the operation of the same innovative software. There no other, equivalent, technological application, nor is it known according to the current financial and technological facts, nor is there any distribution of financial orders in this way, and especially in the form of a specialized and safe application, for the purpose of the execution of a tele-economic method.

The only application, which is disposable (mobile banking) provides the opportunity of a simple updating via the (wap/wireless application protocol) and constitutes an update in the form of a written text: a) of the due of a banking account, b) the movements in an account, and c) the due of the card, after the subscription to the service via internet and does not include any transaction order, apart from updating the already existing bank account and its movements,. As a result, in relation to every published, known to the public and published to the internet provide banking services, the described method is clearly a different and independent application, which arises by the combination of telephony and financial services and, most importantly, by the financial effect through the movement of capitals, as it is provided and achieved by the software application itself. Furthermore, the micro - macro lending - money distribution is made possible among private individuals, in real market conditions, so as to achieve a full response of the system to the current transaction conditions and to the up to date / emergent consumer needs (e.g., A needs 100 Euros, sends an order - S. M.S. to 10 receivers (possible lenders) to send him 10 Euros each), a procedure that would be essentially difficult under different conditions or to lend him a certain amount with a due date, so as to achieve an interest-free micro (quantitatively) and macro (temporally) loan of everyday capitals, among private individuals. Moreover, one is able to buy products independently of his / her location, given that there is a tele-communication network, without the need of the physical presence of money or the use of cards, enjoying one more advantage, that of high security level. Even transactions of a small amount of money are made possible (1 Euro), for example, for the purchase of a ticket without any cost, since the charge is that of a typical text, even in cases that there is not bank or other money distributor, facilitating, in this way, exceptionally small and everyday transactions. In this way, transactions are facilitated, valuable time and energy is saved, many everyday procedures are simplified and unimportant movements are avoided, along with the alongside of transportation costs, while the advantages can be extended to include certain "green" advantages, starting from the less paper consumed for the tickets to the consummation of electricity due to the operation of an ATM. More specifically, as far as the interest-free loan among individuals is concerned, it is made more feasible, easier and safer, given that it is completed independently of a Bank, which charges even the smallest third party transaction and due to high cist interest rates and the annuity payment.

TECHNICAL PRESCRIPTIONS - SPECIFICATIONS

Every application and sub-application that is included in the navigation men, along with the orders and the choices, as they are extensively described in the txt, along with examples, the diagrams and the graphics that represent in written the type, form and content of the messages. Below, there is given a summery of the applications: TYPICAL TRANSACTION MENU

1. TRANSFER OF CAPITALS. 2. SERVICE PURCHASE. 3. PURCHASE OF CONSUMER PRODUCTS. 4. PAYMENT OF BILLS. 5. LENDING ON TERM AND COMPATIBLE. . 6. PROVISION OF FINANCIAL COVERAGE-SECURITY. 7. PURCHASE OF BANK PRODUCTS. 8. DISTRIBUTION OF ELECTRONIC MONEY. 9. PURCHASE ON PERIODICAL CHARGES (INSTALLMENTS). 11. SECURITY ANNOUNCEMENT.

DESCRIPTION OF A TYPICAL TRANSACTION

A installs an application in a communication device and sends a subscription text to the service or the tele-communication service provider or submits his/ her petition for the activation of the tele-transactions service electronically or in a written form. The charge of the services is made directly to the account of telecommunication services provider, that is, while purchasing a service (e.g., the whitepages), gives an order for the activation of the protocol for the processing of financial transactions, and which is charge to the account of the telephony provider. In the following, given that it fulfils the legal conditions , he /she receives a "personal and unique access code" to the service, which he /she must enter before every transaction, so as to secure, in combination to his /her tele-communication number, the identification of the user and the security of the transactions. He/ She can also ask, in addition, to receive an (extra) text for the further safeguarding of the transaction security. He / She completes the type of the message that is to his / her interest and sends the text to B. Then, the order distribution institution, after processing the fullness and legitimacy of the text, it charges the account of B with the corresponding amount of money and informs him/ her in the form of a written text, given that B is a subscribed member to the service or subscribes within a logical time limit. Responsively, instead of an amount transfer, one can purchase a product or a service, or pay a bill, etc.

PROFILE OF THE SMS MENU

MAIN MENU > TEXT MENU > SMS> TRANSACTION CATEGORY> SELECTION> MONEY TRANSFER /PRODUCT PURCHASE /SERVICE PURCHASE/ ELECTRONIC MONEY /REGULAR AUTOMATIC BANK CHARGE /MICRO LENDING / PURCHASE IN INSTALLMENTS.

SUBCATEGORIES OF THE APPLICATION: A) TRANSACTION COUNTER, B) LIMIT OF EACH TRANSACTION, C) LIMIT OF TRANSACTIONS, D) DISPOSABLE DUE, E) DUE AFTER WITHDRAWAL, F) ELIMINATION OF TRANSACTIONS, G) REGULAR PERIODICAL PAYMENT ORDER / RECEIVINGS) OTHER CHOICES.

TYPICAL EXAMPLE OF TRANSACTION THROUGH SMS. A SENDS 10 EUROS TO B.

1. A ENTERS THE TEXT MENU.

2. SENDS THE SPECIAL TRANSACTION TEXT TO THE MANAGEMENT INSTITUTION.

3. THE MANAGEMENT INSTITUTION ASKS FOR THE PERSONAL IDENTIFICATION NUMBER (PIN) OF THE SUBSCRIBER, IN ORDER TO EXECUTE THE TRANSACTION TOWARDS B AND SENDS HIM THE UNIQUE TRANSACTION CODE. A SENDS THE PIN AND THE UNIQUE TRANSACTION CODE TO THE MANAGEMENT INSTITUTION AND RECEIVES A TEXT THAT THE TRANSACTION HAS BEEN DELIVERED.

THE MANAGEMENT INSTITUTION PROCESSES - TRANSMITS - FORWARDS THE TRANSACTION IN A TEXT FORM TO B, INCLUDING EVERY NECESSARY DETAIL.

B RECEIVED THE TEXT FROM A AND EITHER AGREES OF DENIES THE TRANSACTION BY SENDING A TEXT TO A,

THE TRANSACTION IS COMPLETED. B HAS RECEIVED THE AMOUNT OF THE TRANSACTION, ^' WHICH CAN RECEIVE IT PHYSICALLY OR DISTRIBUTE IT ELECTRONICALLY OR TO DISPOSE IT TO A THIRD PARTY FOLLOWING THE SAME PROCEDURE.

TECHNICAL SPECIFICATIONS - DIAGRAMS - DESCRIPTION OF THE

TECHNICAL ELEMENTS ANALYTICAL DIAGRAM FOR THE COURSE OF THE TEXT

The text is sent through the SMS application (GSM formulation). The solution for the solving of the total amount of the services provided is a complete system, which is comprised by the subareas, which intercommunicate. The parts of the system are:

intcrJbcc Names (<>r a corporate) j"

1. Database Services

The aim of the subsystem of database services is to protect the data in every phase of the operation. The main database is the productive one (the one that surrounds the current image of the system) and is being secured through the constant creation of safety copies and uninterrupted operation. The is a "working" area, where all the tests of the system are implemented, before every transition that follows after possible alterations of the system. Every inactive operation alteration is withdrawn to the history archive. It must be underlined, that it is not a basis for the history of any information, but it is a historical archive of the transactions made on the structures. Finally, after the completion of their transport, the data are sent to a data meta-basis, either for a future use or their saving to "cold" archives (probably in an off-line mode).

2. Web Services

The main operations of the system are being published in the internet, in order to secure the necessary stability for the application, but also to make it visible by other suppliers that might be interested, for example telephony companies.

3. Web Application

Web application represents the back-office if the system. Apart from the parametrization of the system and also the fulfillment of the needs for the managerial problems of the system - its main purpose is to form and send texts, as well as to watch the billing system. Through this application, which is the only one that is visible by the users, the texts are filed in, checked or is implemented all tasks of the system.

4. Internal Layer

It is the "brain" of the system, as far as the text processing is concerned. It makes sure that the text is successfully delivered to the right receiver and records every problem that relate to the delivering of the text. In cases the receiver has to answer, it also manages this branch of communication. Its basic role is a communication agent that receives orders from the managerial application.

5. Communication Layer

Given that the system converses with every means of communication, each time it applies the necessary protocols for the sending / receiving of the texts. As we have already mentioned in the chapter of needs, there are essentially two channels of communication.

6. Bridging

Whenever there is a need for the system to be bridged, it is achieved via the use of this particular subsystem.

7. Physical Layer or last user layer

It is the final layer to which the signal ends, or from which it starts. It includes natural persons and the devices they use in order to receive a text.

8. Integration

This part of the application is the lowest subsystem and it is charged with three basic roles. First of all, everything that has to do with the system security, either as security of entrance (registration, user verification) or as secure presentation of data (authorization roles and rules). Secondly, it considers the securing of the internal communication among the subsystems (bridging, messaging, queuing, alert management). Finally, the subsystem conserves its interfaces with external systems, like mobile telephony, email, IVR, etc.

Claims

1 his particular type of text message has been standardized and certified through the implementation of the protocol SMS-GSM, based on the operation of a specific software program for telephones or personal computers. This specific tele- electronic software (a series of macro instructions), via this specif ic-standardized- certified text type, in combination with the use of a telephone account as a techno- economic base, which operates under specific, predetermined and standardized (in a SMS form) orders of financial content and intention, so as to make transactions beyond Banks and ATMs, Points of Sales, under predetermined technical means or communication protocols, which lead to specific financial results. The tise of a) a certified text, b) written in a predetermined form, c) suitable for the running of a safe software d) in tele-communication devices, e) connected both to earthly and wireless systems, f) aiming at the processing of pure financial transactions and g) by charging the tele- communications' account. These specific types of written texts, given their specific technological level, their form and their content (financial order), as well as the devices and the distribution networks, can give the desired economic results. The transfer of monetary capital through the system of written texts (SMS/GSM), a totally new and innovative method, is made feasible. Due to this method, natural persons manage to communicate "financially", as they make economical transactions via communication devices, which are supported by certified communication protocols, in order to achieve a certain financial result.