WO2016038430A1

WO2016038430A1 - Method and system for managing digital cash in digital wallet in device of a user

Info

Publication number: WO2016038430A1
Application number: PCT/IB2014/065973
Authority: WO
Inventors: KUSHAL Kumar CHELLAPPAN; Manoj Kumar ARORA
Original assignee: Kanhatech Solutions Limited
Priority date: 2014-09-11
Filing date: 2014-11-12
Publication date: 2016-03-17

Abstract

Embodiments of the present disclosure are related to a method and a digital cash management system for managing digital cash in a digital wallet of a user device. In an embodiment, the user of the digital wallet can load a predefined amount of digital cash into the digital wallet. Each denomination of digital cash is mapped to a unique identification in the database. The method of the present disclosure comprises graphically representing the digital cash on user interface of the user device, wherein the digital cash appears to be similar to cash in physical wallet. The user can perform gestures to perform at least one of counting the digital cash represented in the digital wallet and transferring the digital cash in user selected denomination from the first account to a second account. In an embodiment, the transferring of the digital cash is represented on the user interface using animation.

Description

METHOD AND SYSTEM FOR MANAGING DIGITAL CASH IN DIGITAL WALLET IN DEVICE OF A USER

TECHNICAL FIELD

The present subject matter is related, in general, to mobile application and more particularly but not exclusively to a method for managing digital cash in a digital wallet on a user device and providing real cash and physical wallet experience for a user handling the digital cash, and system thereof.

BACKGROUND

On a daily basis, money is exchanged between parties, i.e., persons and/or entities for basic necessities such as food, transportation, shopping, receiving goods and services. Cash has been primary mode of payment for a long time, which is typically managed using physical leather wallets and various types of handbags or purses. As an example, a typical leather wallet of a person comprises of cash, coins, credit / debit cards, driving license, ID cards, insurance / health cards, family photographs and other bills and receipts. Over the past decade, such exchanges have been gradually shifting toward electronic payment and identity systems. Mobile payment is an alternative method of payment that, instead of using cash, checks, or credit/debit cards, the user may use a mobile phone to pay for a wide range of goods and services. Digital mobile wallet revolution has gained popularity in the beginning of the century and most of the wallet solutions captured credit, debit and prepaid cards, coupons, vouchers etc. used for the transactions in this mobile virtual container. Mobile payment through mobile wallet generally refers to regulated financial services that are performed by or from a mobile device, The present digital wallet solutions use only credit card, debit card, prepaid card and loyalty cards and coupons for transactions. Also, the present solutions facilitate for only those transactions w^?hich are linked to bank accounts or merchant loyalty programs. All other transactions which are not linked to real bank accounts are currently being performed using cash. None of the present solutions provides for a mobile wallet comprising cash and id cards along with bank cards to be used for transactions. Also, the present solutions do not provide a digital wallet where money available in the digital wallet is represented in a way similar to currency notes in leather wallet or handbags. The present solution does not provide for a real experience, where user can use the currency notes represented in a leather wallet on a mobile device to perform electronic transactions just as the user spends real cash.

Therefore, there is a need to provide a solution on a user device to create and capture similar user experience as a user utilizing a leather wallet/ purse. SUMMARY

One or more shortcomings of the prior art are overcome and additional advantages are provided through the present disclosure. Additional features and advantages are realized through the techniques of the present disclosure. Other embodiments and aspects of the disclosure are described in detail herein and are considered a part of the claimed disclosure.

Disclosed herein is a method for managing digital cash in a digital wallet of a user device by a digital cash management system. The digital cash is equivalent to cash in a physical wallet. The method comprises receiving a request to represent a digital wallet comprising one or more denominations of the digital cash on a user interface of the user device. Then, the method comprises extracting account information, in response to the request, from a first account associated with the digital wallet. Then, it includes representing the account information of the digital wallet comprising of the digital cash, wherein the digital wallet is represented graphically. Further, the method comprises determining a gesture of user on the user interface and performing at least one context- based activity in response to the gesture. The context-based activity comprises of counting the digital cash represented in the digital wallet, and transferring the digital cash in user- selected denomination from the first user account to a second user account.

In an aspect of the present disclosure, a digital cash management system for managing digital cash in a digital wallet of a user device is disclosed. The system comprises a processor and a memory communicatively coupled to the processor. The memory stores processor-executable instructions, which on execution, cause the processor to receive a request to represent a digital wallet comprising one or more denominations of the digital cash on a user interface of the user device. Then, the processor extracts account information in response to the request, from a first account associated with the digital wallet. Further, the processor represents the account information of the digital wallet comprising the digital cash, wherein the digital wallet is represented graphically. Then, the processor determines a gesture of user on the user interface and performing at least one context-based activity in response to the gesture. The context-based activity comprises counting the digital cash represented in the digital wallet, and transferring the digital cash in user-selected denomination from the first user account to a second user account. The foregoing summary is illustrative only and is not intended to be in any way limiting. In addition to the illustrative aspects, embodiments, and features described above, further aspects, embodiments, and features will become apparent by reference to the drawings and the following detailed description. BRIEF DESCRIPTION OF THE ACCOMPANYING DRAWINGS

The accompanying drawings, which are incorporated in and constitute a part of this disclosure, illustrate exemplary embodiments and, together with the description, serve to explain the disclosed principles. In the figures, the left-most digit(s) of a reference number identifies the figure in which the reference number first appears. The same numbers are used throughout the figures to reference like features and components. Some embodiments of system and/or methods in accordance with embodiments of the present subject matter are now described, by way of example only, and with reference to the accompanying figures, in which:

Figure 1 illustrates network architecture for managing digital cash in a digital wallet of a user device in accordance with some embodiments of the present disclosure;

Figure 2 illustrates a block diagram of digital cash management system for managing digital cash in a digital wallet of a user device in accordance with some embodiments of the present disclosure;

Figure 3 illustrates a flowchart showing a method for managing digital cash in a digital wallet of a user device in accordance with some embodiments of the present disclosure; Figure 4 illustrates a sequence diagram showing method for registering users for accessing a digital wallet of a user device in accordance with some embodiments of the present disclosure;

Figure 5 illustrates a sequence diagram showing method for loading digital cash into a digital wallet of a user device in accordance with some embodiments of the present disclosure; Figure 6A illustrates a sequence diagram showing method for transferring digital cash from a digital wallet of a user device in accordance with some embodiments of the present disclosure;

Figure 6B illustrates exemplary representation of list of options of digital wallet in accordance with some embodiments of the present disclosure;

Figure 6C-6M illustrate exemplary representation of digital cash and transactions using a digital wallet of a user device in accordance with some embodiments of the present disclosure; and

Figure 7 illustrates a block diagram of an exemplary computer system for implementing embodiments consistent with the present disclosure;

It should be appreciated by those skilled in the art that any block diagram herein represents conceptual views of illustrative systems embodying the principles of the present subject matter. Similarly, it will be appreciated that any flow chart, flow diagram, state transition diagram, pseudo code, and the like represents various processes which may be substantially represented in computer-readable medium and executed by a computer or processor, whether or not such computer or processor is explicitly shown.

DETAILED DESCRIPTION

In the present document, the word "exemplary" is used herein to mean "serving as an example, instance, or illustration." Any embodiment or implementation of the present subject matter described herein as "exemplary" is not necessarily to be construed as preferred or advantageous over other embodiments. While the disclosure is susceptible to various modifications and alternative forms, specific embodiment thereof has been shown by way of example in the drawings and will be described in detail below. It should be understood, however, that it is not intended to limit the disclosure to the particular forms disclosed, but on the contrary, the disclosure is to cover all modifications, equivalents, and alternative falling within the spirit and the scope of the disclosure.

The terms "comprises", "comprising", or any other variations thereof, are intended to cover a non-exclusive inclusion, such that a setup, device or method that comprises a list of components or steps and does not include only those components or steps but may include other components or steps not expressly listed or inherent to such setup or device or method. In other words, one or more elements in a system or apparatus proceeded by "comprises... a" does not, without more constraints, preclude the existence of other elements or additional elements in the system or apparatus. Embodiments of the present disclosure are related to a method and a digital cash management system for managing digital cash in a digital wallet of a user device. In an embodiment, the user of the digital wallet can load a predefined amount of digital cash into the digital wallet. The information of digital wallet with digital cash for each user is stored in a database of the digital cash management system. Further, each denomination of digital cash is mapped to a unique identification in the database. The method of the present disclosure comprises graphically representing the digital cash on user interface of the user device, wherein the digital cash appears to be similar to cash in physical wallet. The user can perform gestures to perform at least one of counting the digital cash represented in the digital wallet and transferring the digital cash in user-selected denomination from the first account to a second account. In an embodiment, the transferring of the digital cash is represented on the user interface using animation.

The term "digital cash" refers to electronic cash which is equivalent to real cash including coins in physical wallet.

The term "digital wallet" refers to a composite digital wallet which comprises digital cash, credit cards, debit cards, contact and contactless smart cards, any cards representing prepaid account, coupons, vouchers, entitlements, etc. Figure 1 illustrates network architecture for managing digital cash in a digital wallet of a user device in accordance with some embodiments of the present disclosure.

The digital cash management system 100 may be implemented in a variety of computing systems, such as a laptop computer, a desktop computer, a notebook, a workstation, a mainframe computer, a server, a network server, smart television, and the like. The digital cash management system 100 manages digital cash and cards of a digital wallet, which is stored in a database 102. The database may be configured within the digital cash management system 100. In an alternate embodiment, the database 102 may be a separate component, connected to the digital cash management system 100. The digital cash management system 100 is configured to receive transaction requests from one or more user devices 102i, 102₂,..., 102„ (collectively referred to as user devices 102). The user device 102 comprises a user interface 103. The user interface is used as a display screen as well as interface for receiving input from the user. In an embodiment, the user interface 103 may be a touch screen, gesture recognition touch screen and a curved and non-curved touch screen with integrated gesture recognition. The user interface displays the digital wallet account of the user. In an embodiment, the graphical presentation of digital cash, as in physical wallet is displayed on the user interface 103. In an embodiment, each denomination of digital cash is represented partially. This is done to ensure to avoid counterfeiting of the digital cash. As an example, the digital cash may be represented on the user interface 103 in a predefined denomination order. The predefined order may be ascending denomination order or descending denomination order or any denomination generated by the digital cash management system. The digital cash management system 100 is communicatively connected to the user devices 102 through a network 104. Examples of the user devices 102 include, but are not limited to, a desktop computer, a portable computer, a mobile phone, a handheld device, a workstation, tablet, smart television and Personal Digital Assistant (PDA). In one implementation, the digital cash management system 100 includes a central processing unit ("CPU" or "processor") 201, an input/output (I/O) interface 202 and a memory 203. The processor 201 may comprise at least one data processor for executing program components and for executing user-generated transaction requests. The I/O interface 202 is coupled with the processor 201 through which the requests for managing digital wallet is received from the one or more user devices 102. The memory 203 is communicatively coupled to the processor 101. The memory 203 stores processor- executable instructions to manage the digital cash in the digital wallet. In one embodiment, the database 108 can be a part of the memory 203.

In an embodiment, the digital cash management system 100 comprises data 204 relating to the user account and transactions. In one example, the data 204 relating to the user account and transactions may be stored within the memory 202. In one implementation, the data 204 may include, for example, user personal data 206, digital cash data 207, prepaid account data 208, card data 209, and other data 210.

The user personal data may include, name, address, biometric information, photograph, financial institution information, device information (device fingerprint) and other personal information related to the user. The user personal data is provided by the user while registering with the digital wallet application.

The digital cash data 207 comprises the information of digital cash in the account of the user. The information may include, for example, amount of digital cash in the account, denomination of the digital cash, and unique identification of each denomination of the digital cash. The unique identification may be same or different from the unique identification of the physical cash.

The prepaid account data 208 comprises information of all prepaid accounts of the user registered with the digital wallet. The prepaid accounts may include, for example, mobile connection account, digital TV (television) account, etc.

The card data 209 may include information on debit cards, credit cards and other smart cards of the user. The cards need to be initially registered with the digital cash management system 100 by the user. In an embodiment, the cards are graphically represented on the user interface 103 of the user device 102. The smart cards may include, for example, driving license, Identification cards, insurance cards, and health cards, etc.

In one embodiment, the data 204 may be stored in the memory 202 in the form of various data structures. Additionally, the aforementioned data 204 may be organized using data models, such as relational or hierarchical data models. The other data 210 may be used to store data, including temporary data and temporary files, generated by modules 205 for performing the various functions of the digital cash management system 100. In an embodiment, the data 204 are processed by modules 205 of the digital cash management system 100. The modules 205 may be stored within the memory 103.

In one implementation, the modules 205 may include, for example, registration module 211, cash loading module 212, counting module 213 and transfer module 214. The digital cash management system 100 may also comprise other modules 215 to perform various miscellaneous functionalities of the digital cash management system 100. It will be appreciated that such aforementioned modules may be represented as a single module or a combination of different modules.

The registration module 211 registers a new user to digital wallet application. After registering with the digital wallet application, the user can access the facilities of digital wallet application. The registration process is illustrated in Fig. 4. First, the user accesses the digital wallet application on the user device 102. Then, the user of the user device 102 transmits an authentication request to the digital cash management system 100. The digital cash management system 100 authenticates the validity of the user device 102. The authentication of user device 102 comprises checking if the user device 102 is registered with the digital wallet application of the digital cash management system 100. If the authentication is successful, the digital cash management system 100 transmits the digital wallet account information of the user to the user device 102. In an embodiment, the digital wallet account information is displayed on user interface 103 of the user device 102. Alternatively, if authentication is unsuccessful, then the user transmits login details to the digital cash management system 100. The digital cash management system 100 validates the login details provided by the user. If the validation is successful, the digital cash management system 100 provides user details to be displayed on the user interface 103 of the user device 102. In the alternative, if the validation is unsuccessful, the digital cash management system 100 transmits a request to the user to register with the digital wallet application. The user registers with the digital wallet application and transmits the details for registration to the digital cash management system 100. The digital cash management system 100 validates the details for registration. If the registration details are validated, the digital cash management system 100 creates an account for the user for accessing the digital wallet application. The login details and the account details of the user are transmitted to the user device 102. In the alternative, if the registration details are not validated, the digital cash management system 100 transmits a denial status message to the user device 102 of the user. Referring back to Fig. 2, the cash loading module 212 loads digital cash into an account of the user. Once the user device 102 is registered with the digital cash management system 100, the user can start using the digital wallet by loading a predefined amount of digital cash into the account. The process of loading digital cash into the account is illustrated in Fig. 5. First, the user accesses the digital wallet application. Then, the user selects load cash options from a list of options. Upon receiving the selection of loading cash, the digital cash management system 100 transmits a list of financial institutions added by the user to the digital wallet. The user can load money into the digital account from any of the financial accounts. The user selects a financial institution and the amount of digital cash to be loaded into the account of the user. The digital cash management system 100 transmits the details of financial institution selected by the user to the financial institution through a payment gateway. The server of financial institution validates the details of the user. If the details are not validated, then the financial institution transmits a failure message to the digital cash management system 100. The failure message is then passed to the user device 102 by the digital cash management system 100. In the alternative, if the details are successfully validated, then the financial institution transmits a success message to the digital cash management system 100. The digital cash management system 100 then transmits the success message along with update cash balance to the user device 102 of the user. In an alternative embodiment, the user can load digital cash by paying an equivalent amount of cash or amount from credit/ debit cards at retail outlets. The retail outlet will load the amount of digital cash into the account of the user.

Referring back to Fig. 2, the transfer module 214 transfers digital cash from first account of a user to a second account of another user. The process of transferring digital cash is illustrated in Fig. 6A. First, the user accesses the digital wallet application. An exemplary representation of list of options of digital wallet is illustrated in Fig. 6B. The user selects an option to 'transfer digital cash' from a list of options provided with the digital wallet application. Then, the user interface as displayed to the user is shown as in Fig. 6C. The digital cash management system 100 provides a list of beneficiaries 601 (also referred to as another users) added by the user. The digital cash management system 100 also provides the digital cash available with the user in the account 602. In an embodiment, the available digital cash is represented graphically as 603 on the user interface 103 of the user device 102. The user selects a beneficiary and amount of digital cash to be transferred 604 to the beneficiary on the user interface 103. The amount can be selected by selecting one or more denominations of the digital cash represented on the user interface 103. Then, the digital cash management system 100 validates the transaction. The validation may comprise validation of a first account of the user, a second account associated with the beneficiary etc. If the validation is successful, then the digital cash management the system 100 transmits selected amount of digital cash to the second account from the first account. As an example, the transfer of selected amount of digital cash from first account to second account is shown graphically using animations as illustrated in Fig. 6D. The animations are similar to user exchanging real cash with another user by hand. This is done to provide real cash experience in digital world. The database of the user and the beneficiary is updated. The digital cash data in the first account of the user is deducted for the selected amount as illustrated in Fig. 6E. At the same time, the digital cash data in the second account is updated to reflect the addition of the selected amount as illustrated in Fig. 6F. Simultaneously, a success message is sent to the user device 102 of the user along with the remaining balance in the first account of the user. Also, a notification of received digital cash is transmitted to the user device 102 of the beneficiary.

As an example, if the user wishes to transfer money to another user (beneficiary), the user selects the beneficiary from a list of beneficiary on the user interface, i.e. touch screen. The user interface shall then display two sections. One section represents the digital wallet of the user, i.e. the sender. The other section represents the digital wallet of the beneficiary. If the user wants to transfer Rs.1512/- to the beneficiary, then the user selects the denominations of digital cash displayed on the user interface. In an embodiment, the user selects one 1000 Rs note, one 500 Rs note, one 10 Rs note and one 2 Rs note/coin. An exemplary pictorial representation of digital wallet displaying digital coin is illustrated in Fig. 6L. After selecting, the user drags the selection and drops on the beneficiary side of the screen. Once the transaction is completed, the digital wallet of the beneficiary represents the transferred digital cash.

Figure 3 illustrates a flowchart of method 300 for managing the virtual services to optimize operational efficiency of the software testing in accordance with an embodiment of the present disclosure.

As illustrated in Figure 3, the method 300 comprises one or more blocks for managing digital cash in a digital wallet performed by the digital cash management system 100. The method 300 may be described in the general context of computer executable instructions. Generally, computer executable instructions can include routines, programs, objects, components, data structures, procedures, modules, and functions, which perform particular functions or implement particular abstract data types. The order in which the method 300 is described is not intended to be construed as a limitation, and any number of the described method blocks can be combined in any order to implement the method 300. Additionally, individual blocks may be deleted from the method 300 without departing from the spirit and scope of the subject matter described herein. Furthermore, the method 300 can be implemented in any suitable hardware, software, firmware, or combination thereof.

At block 302, receive a request to represent a digital wallet comprising one or more denominations of the digital cash on a user interface of the mobile device. The user logs into the digital wallet application through the registered user device. The user may login using unique identification and password. In other embodiment, the user may use biometric authentication to login to the digital wallet.

At block 304, extract account information in response to the request from a first account associated with the digital wallet. Once the user is authenticated, the digital cash management system 100 extracts the account information of the user from the database. In an embodiment, non-secure data associated with the user is extracted from the first account. At block 306, represent the account information of the digital wallet comprising the digital cash. In an embodiment, the account information of the digital wallet of the user is represented in a graphical format on the user interface 103 of the user device 102. The digital wallet comprises graphical representation of digital cash available in the account of the user, credit cards, debit cards, smart cards and prepaid accounts of the user. The graphical representation of digital cash may comprise presenting each denomination of digital cash in the same way as in the case of the physical wallet of a user.

At block 308, determine a gesture of user on the user interface. The user can perform on or more gestures to accomplish one or more actions on the digital wallet. In an embodiment, the gesture of the user on the user interface comprises at least one of single tapping on the user interface, multiple tapping on the user interface, single swiping on the user interface, multiple swiping on the user interface, pinching on the user interface, waving his/her hand in left to right, right to left, top to bottom and bottom to top direction over the user interface, and entering through a keypad on the user interface. As an example, the actions may include, loading digital cash into the digital wallet, counting the digital cash, transferring the digital cash to accounts of other users. In one embodiment, each gesture may be configured with predetermined actions to be performed in the digital wallet. For example, swiping on the user interface as illustrated in Fig. 6G may result into transferring digital cash from one account to another account, pinching action as illustrated in Fig. 6H and Fig. 61 may result into counting of digital cash and tapping on the user interface as illustrated in Fig. 6J and Fig. 6K may result into loading cash from user account to user device 102. In an alternative embodiment, list of actions are displayed on the user interface. Upon user selecting one of the actions from the list of actions, user performs any of the gesture explained above to complete the operation.

At block 310, count the digital cash represented in the digital wallet. The counting of the digital cash is represented using animation on the user interface 103 at block 312. For counting the digital cash represented on the user interface 103, the user may swipe on each denomination. Also, the user may swipe on the digital coins for counting the amount of coins. The swiped denomination of digital cash moves from left side to right side on the user interface 103. An exemplary pictorial representation of user interface for counting the digital cash is illustrated in Fig. 6M. This is similar to the way cash is counted in physical wallets. As an example, the digital cash management system 100 provides audio and/or visual effects while counting the coins, similar to user counting digital cash in physical wallet. While counting each denomination, there may be a 'cling' sound or 'paper- moving' sound provided on the user device 102. As the user swipes, the digital cash management system 100 displays the amount of counted digital cash. In addition to this, the digital cash management system 100 displays total amount of digital cash present in the digital wallet along with number of notes in each denomination.

At block 310, transfer the digital cash in user-selected denomination from the first account to a second account. The transfer of the digital cash is represented using animation on the user interface 103 at block 316. For transferring digital cash to account of other users, the user selects the recipient user and swipes on the one or more denominations. The transfer of the digital cash is represented using animation, where the swiped one or more denominations of the digital cash is shown moving out of the user interface 103 of the user device 102. The digital cash management updates the digital cash data of the user by deducting the amount from the first account and adding the amount to the second account. In addition to visual effects on the user interface 103, the user device 102 may also be provided with visual effects /audio effects while transferring the digital cash. While transferring each denomination, a configured audio sound may be played on the user device 102. Also, a different color code may be used for sender and receiver, etc. Computer System

Figure 7 illustrates a block diagram of an exemplary computer system 700 for implementing embodiments consistent with the present disclosure. In an embodiment, the computer system 700 is used to implement the digital cash management system 100. The digital wallet is managed by the computer system 700 to provide real-time experience of using physical wallet.. The computer system 700 may comprise a central processing unit ("CPU" or "processor") 702. The processor 702 may comprise at least one data processor for executing program components for executing user- or system-generated business processes. A user may include a person, a person using a device such as such as those included in this disclosure, or such a device itself. The processor 702 may include specialized processing units, such as integrated system (bus) controllers, memory management control units, floating point units, graphics processing units, digital signal processing units, etc. The processor 702 may be disposed in communication with one or more input/output (I/O) devices (711 and 712) via I/O interface 701. The I/O interface 701 may employ communication protocols/methods such as, without limitation, audio, analog, digital, monaural, RCA, stereo, IEEE- 1394, serial bus, Universal Serial Bus (USB), infrared, PS/2, BNC, coaxial, component, composite, Digital Visual Interface (DVI), High-Definition Multimedia Interface (HDMI), RF antennas, S-Video, VGA, IEEE 802.n /b/g/n/x, Bluetooth, cellular (e.g., Code-Division Multiple Access (CDMA), High-Speed Packet Access (HSPA+), Global System for Mobile communications (GSM), Long-Term Evolution (LTE), WiMax, or the like, etc.

Using the I/O interface 701, the computer system 700 may communicate with one or more I/O devices (711 and 712). For example, the input device 711 may be an antenna, keyboard, mouse, joystick, (infrared) remote control, camera, card reader, fax machine, dongle, biometric reader, microphone, touch screen, touchpad, trackball, sensor (e.g. accelerometer, light sensor, GPS, gyroscope, proximity sensor, or the like), stylus, scanner, storage device, transceiver, video device/source, visors, etc. The output device 712 may be a printer, fax machine, video display (e.g., Cathode Ray Tube (CRT), Liquid Crystal Display (LCD), Light-Emitting Diode (LED), plasma, or the like), audio speaker, etc.

In some embodiments, the processor 702 may be disposed in communication with a communication network 709 via a network interface 703. The network interface 703 may communicate with the communication network 709. The network interface 703 may employ connection protocols, including without limitation, direct connect, Ethernet (e.g., twisted pair 10/100/1000 Base T), Transmission Control Protocol/Internet Protocol (TCP/IP), token ring, IEEE 802.11a/b/g/n/x, etc. The communication network 709 may include, without limitation, a direct interconnection, Local Area Network (LAN), wide area network (WAN), wireless network (e.g., using Wireless Application Protocol), the Internet, etc. Using the network interface 703 and the communication network 709, the computer system 700 may communicate with one or more user devices 710 (a,..,n). The one or more user devices 710 (a,...,n) may include, without limitation, personal computer(s), server(s), fax machines, printers, scanners, various mobile devices such as cellular telephones, smartphones, tablet computers, eBook readers, laptop computers, notebooks, gaming consoles, or the like. In an embodiment, a business process is received from the one or more user devices 710 (a,..,n) which may be used by various stakeholders, Information Technology (IT) administrators, business analyst, software tester, software developer or end users of an organization.

In some embodiments, the processor 702 may be disposed in communication with a memory 705 (e.g., RAM, ROM, etc. not shown in figure 7) via a storage interface 704. The storage interface 704 may connect to memory 705, including without limitation, memory drives, removable disc drives, etc., employing connection protocols such as Serial Advanced Technology Attachment (SAT A), Integrated Drive Electronics (DDE), IEEE- 1394, Universal Serial Bus (USB), fiber channel, Small Computer Systems interface (SCSI), etc. The memory drives may further include a drum, magnetic disc drive, magneto-optical drive, optical drive, Redundant Array of Independent Discs (RAID), solid-state memory devices, solid-state drives, etc.

The memory 705 may store a collection of program or database components, including without limitation, user interface application 706, an operating system 707, web server 708, etc. In some embodiments, computer system 700 may store user/application data 706, such as the data, variables, records, etc. as described in this disclosure. Such databases may be implemented as fault-tolerant, relational, scalable, and secure databases, such as Oracle or Sybase.

The operating system 707 may facilitate resource management and operation of the computer system 700. Examples of operating systems include without limitation, Apple Macintosh OS X, Unix, Unix-like system distributions (e.g., Berkeley Software Distribution (BSD), FreeBSD, NetBSD, OpenBSD, etc.), Linux distributions (e.g., Red Hat, Ubuntu, Kubuntu, etc.), IBM OS/2, Microsoft Windows (XP, Vista/7/8, etc.), Apple iOS, Google Android, Blackberry OS, or the like. User interface 706 may facilitate display, execution, interaction, manipulation, or operation of program components through textual or graphical facilities. For example, user interfaces may provide computer interaction interface elements on a display system operatively connected to the computer system 700, such as cursors, icons, check boxes, menus, scrollers, windows, widgets, etc. Graphical User Interfaces (GUIs) may be employed, including, without limitation, Apple Macintosh operating systems' Aqua, IBM OS/2, Microsoft Windows (e.g., Aero, Metro, etc.), Unix X-Windows, web interface libraries (e.g., ActiveX, Java, Javascript, AJAX, HTML, Adobe Flash, etc.), or the like.

In some embodiments, the computer system 700 may implement a web browser 708 stored program component. The web browser may be a hypertext viewing application, such as Microsoft Internet Explorer, Google Chrome, Mozilla Firefox, Apple Safari, etc. Secure web browsing may be provided using HTTPS (secure hypertext transport protocol), secure sockets layer (SSL), Transport Layer Security (TLS), etc. Web browsers may utilize facilities, such as AJAX, DHTML, Adobe Flash, JavaScript, Java, application programming interfaces (APIs), etc. In some embodiments, the computer system 700 may implement a mail server-stored program component. The mail server may be an Internet mail server such as Microsoft Exchange, or the like. The mail server may utilize facilities such as ASP, ActiveX, ANSI C++/C#, Microsoft .NET, CGI scripts, Java, JavaScript, PERL, PHP, Python, WebObjects, etc. The mail server may utilize communication protocols such as Internet Message Access Protocol (IMAP), Messaging Application Programming Interface (MAPI), Microsoft Exchange, Post Office Protocol (POP), Simple Mail Transfer Protocol (SMTP), or the like. In some embodiments, the computer system 700 may implement a mail client stored program component. The mail client may be a mail viewing application, such as Apple Mail, Microsoft Entourage, Microsoft Outlook, Mozilla Thunderbird, etc.

Furthermore, one or more computer-readable storage media may be utilized in implementing embodiments consistent with the present disclosure. A computer-readable storage medium refers to any type of physical memory on which information or data readable by a processor may be stored. Thus a computer-readable storage medium may store instructions for execution by one or more processors, including instructions for causing the processor(s) to perform steps or stages consistent with the embodiments described herein. The term "computer-readable medium" should be understood to include tangible items and exclude carrier waves and transient signals, i.e., be non-transitory. Examples include random access memory (RAM), Read-Only Memory (ROM), volatile memory, nonvolatile memory, hard drives, CD ROMs, DVDs, flash drives, disks, and any other known physical storage media.

Advantages of the embodiment of the present disclosure are illustrated herein. Embodiment of the present disclosure represents the digital cash as images of currency notes and coins on the user interface of the user device to give a real-time experience to the users.

Embodiment of the present disclosure provide for smooth migration of users used to spending cash to a digital wallet paradigm.

In an embodiment, the user can touch and count the cash in the same way as done in physical wallet.

In an embodiment, the animated movement of money, i.e. digital cash on the mobile device between users does not represent money movement between different bank accounts but only data representation inside a single escrow account of the digital cash account operator working on behalf of a tele-operator, bank or retailer. This escrow account can belong to the same operator in multiple banks for convenience. The reconciliation and settlement happens instantly as changing data amounts in a database does not amount to any bank transfer where banking operations are not involved. In such a way, the transaction cost is almost zero. This way operator can launch at par digital payments where the transaction fees can potentially be eliminated from the banking system and real-time settlement can become a reality.

In an embodiment, swiping digital cash between authenticated photo-identified digital notional bank accounts can be just data transfer and no money transfer between bank accounts.

The described operations may be implemented as a method, system or article of manufacture using standard programming and/or engineering techniques to produce software, firmware, hardware, or any combination thereof. The described operations may be implemented as code maintained in a "non-transitory computer readable medium", where a processor may read and execute the code from the computer readable medium. The processor is at least one of a microprocessor and a processor capable of processing and executing the queries. A non-transitory computer readable medium may comprise media such as magnetic storage medium (e.g., hard disk drives, floppy disks, tape, etc.), optical storage (CD-ROMs, DVDs, optical disks, etc.), volatile and non-volatile memory devices (e.g., EEPROMs, ROMs, PROMs, RAMs, DRAMs, SRAMs, Flash Memory, firmware, programmable logic, etc.), etc. Further, non-transitory computer- readable media comprise all computer-readable media except for a transitory. The code implementing the described operations may further be implemented in hardware logic (e.g., an integrated circuit chip, Programmable Gate Array (PGA), Application Specific Integrated Circuit (ASIC), etc.).

Still further, the code implementing the described operations may be implemented in "transmission signals", where transmission signals may propagate through space or through a transmission media, such as an optical fiber, copper wire, etc. The transmission signals in which the code or logic is encoded may further comprise a wireless signal, satellite transmission, radio waves, infrared signals, Bluetooth, etc. The transmission signals in which the code or logic is encoded are capable of being transmitted by a transmitting station and received by a receiving station, where the code or logic encoded in the transmission signal may be decoded and stored in hardware or a non-transitory computer readable medium at the receiving and transmitting stations or devices. An "article of manufacture" comprises non-transitory computer-readable medium, hardware logic, and/or transmission signals in which code may be implemented. A device in which the code implementing the described embodiments of operations is encoded may comprise a computer-readable medium or hardware logic. Of course, those skilled in the art will recognize that many modifications may be made to this configuration without departing from the scope of the invention, and that the article of manufacture may comprise suitable information bearing medium known in the art. The terms "an embodiment", "embodiment", "embodiments", "the embodiment",

"the embodiments", "one or more embodiments", "some embodiments", and "one embodiment" mean "one or more (but not all) embodiments of the invention(s)" unless expressly specified otherwise. The terms "including", "comprising", "having" and variations thereof mean

"including but not limited to", unless expressly specified otherwise.

The enumerated listing of items does not imply that any or all of the items are mutually exclusive, unless expressly specified otherwise. The terms "a", "an" and "the" mean "one or more", unless expressly specified otherwise. A description of an embodiment with several components in communication with each other does not imply that all such components are required. On the contrary a variety of optional components are described to illustrate the wide variety of possible embodiments of the invention. When a single device or article is described herein, it will be readily apparent that more than one device/article (whether or not they cooperate) may be used in place of a single device/article. Similarly, where more than one device or article is described herein (whether or not they cooperate), it will be readily apparent that a single device/article may be used in place of the more than one device or article or a different number of devices/articles may be used instead of the shown number of devices or programs. The functionality and/or the features of a device may be alternatively embodied by one or more other devices which are not explicitly described as having such functionality/features. Thus, other embodiments of the invention need not include the device itself. The illustrated operations of Figure 3 show certain events occurring in a certain order. In alternative embodiments, certain operations may be performed in a different order, modified or removed. Moreover, steps may be added to the above described logic and still conform to the described embodiments. Further, operations described herein may occur sequentially or certain operations may be processed in parallel. Yet further, operations may be performed by a single processing unit or by distributed processing units.

Finally, the language used in the specification has been principally selected for readability and instructional purposes, and may not have been selected to delineate or circumscribe the inventive subject matter. It is, therefore, intended that the scope of the invention be limited not by this detailed description, but rather by any claims that issue on an application based here on. Accordingly, the disclosure of the embodiments of the invention is intended to be illustrative, but not limiting, of the scope of the invention, which is set forth in the following claims. While various aspects and embodiments have been disclosed herein, other aspects and embodiments will be apparent to those skilled in the art. The various aspects and embodiments disclosed herein are for purposes of illustration and are not intended to be limiting, with the true scope and spirit being indicated by the following claims.

Referral Numerals:

Reference Number Description

100 Digital Cash Management System

102 User Device

103 User Interface

104 Network

108 Database

201 Processor

202 Memory

203 Interface

204 Data

205 Modules

206 User Personal Data

207 Digital Cash Data

208 Prepaid Account Data

209 Card Data

210 Other Data

211 Registration Module

212 Cash Loading Module

213 Counting Module

214 Transfer Module

215 Other Modules

701 I/O Interface 702 Processor

703 Network Interface

704 Storage Interface

705 Memory

706 User Interface Application

707 Operating System

708 Web Browser

709 Network

710 (a, ... n) User Device

711 Input Device

712 Output Device

Claims

A method of managing digital cash in a digital wallet of a user device, wherein the digital cash is equivalent to cash, the method comprising:

receiving, by a digital cash management system, a request to represent a digital wallet comprising one or more denominations of the digital cash on a user interface of the user device;

extracting account information, by the digital cash management system in response to the request, from a first account associated with the digital wallet;

representing, by the digital cash management system, the account information of the digital wallet comprising the digital cash, wherein the digital wallet is represented graphically;

determining, by a digital cash management system, a gesture of user on the user interface and performing at least one context based activity in response to the gesture, said context based activity comprises:

transferring the cash in user-selected denomination to the digital wallet; counting the digital cash represented in the digital wallet; and

transferring the digital cash in the user-selected denomination from the first account to a second account.

The method as claimed in claim 1, wherein the counting and transferring of the digital cash is represented on the user interface using animation.

The method as claimed in claim 2, wherein the animation is at least one of audio, motion, visual and video effects.

The method as claimed in claim 1 further comprising loading a predefined amount of the digital cash into the first account of the digital wallet, wherein each denomination of the digital cash is mapped with a unique identification.

The method as claimed in claim 1, wherein the digital cash is represented in a predetermined denomination order.

6. The method as claimed in claim 1, wherein transferring the digital cash comprises: determining selection of a payee associated with the second account;

determining selection of digital cash with an amount of each of the digital cash; and

transferring the amount of the selected digital cash to the second account of payee.

The method as claimed in claim 1 further comprising authenticating the user and the user device of the digital wallet upon receiving request to represent a digital wallet.

The method as claimed in claim 1, wherein the digital wallet comprises identity, photo and name of the account holder, biometric information of the account holder, amount of digital cash in the account, information on prepaid accounts, bank accounts and cards information of the account holder.

The method as claimed in claim 1, wherein extracting account information from a first account comprises extracting secure and non-secure data associated with the user.

The method as claimed in claim 1, wherein the account information of the each of the users is stored in a database of the digital cash management system.

The method as claimed in claim 1, wherein the gesture of the user on the user interface comprises at least one of air gestures, single tapping on the user interface, multiple tapping on the user interface, single swiping on the user interface, multiple swiping on the user interface, pinching on the user interface and entering through a keypad on the user interface.

A digital cash management system for managing digital cash in a digital wallet of a user device, wherein the digital cash is equivalent to cash, comprising:

a processor; and

a memory communicatively coupled to the processor, wherein the memory stores processor-executable instructions, which, on execution, causes the processor to:

receiving a request to represent a digital wallet comprising one or more denominations of the digital cash on a user interface of the user device;

extracting account information in response to the request, from a first

account associated with the digital wallet;

representing the account information of the digital wallet comprising the

digital cash, wherein the digital wallet is represented graphically; determining a gesture of user on the user interface and performing at least

one context based activity in response to the gesture, said context- based

activity comprises:

transferring cash in user selected denomination to the digital wallet;

counting the digital cash represented in the digital wallet; and

transferring the digital cash in user selected denomination from the first account to a second account.

13. The system as claimed in claim 12, wherein the counting and transferring of the digital cash is represented on the user interface using animation.

14. The system as claimed in claim 12, wherein the digital cash is transferred from the first account to a second account of digital wallet through a communication network.

15. The system as claimed in claim 12, wherein the user and the user device of the digital wallet is authenticated upon receiving request to represent the digital wallet on the user interface of the user device.

16. The system as claimed in claim 12, wherein the gesture of the user on the user interface comprises at least one of air gestures, single tapping on the user interface, multiple tapping on the user interface, single swiping on the user interface, multiple swiping on the user interface, pinching on the user interface and entering through a keypad on the user interface.

17. The system as claimed in claim 12, wherein the digital wallet comprises identity photo and name of the account holder, biometric information of the account holder, amount of digital cash in the account, information on prepaid accounts, bank accounts and cards information of the account holder.

18. A graphical user interface on a user device with a display, memory and at least one processor to execute processor-executable instructions stored in the memory, the graphical user interface comprising digital wallet displayed on the display wherein the displayed portion of the digital wallet comprises:

information of the digital wallet;

one or more denominations of digital cash, wherein the digital cash is equivalent

to cash in a physical wallet;

a menu comprising one or more activities to perform transactions using the digital

cash;

in response to a gesture of user on the graphical user interface, displaying the performing of at least one context based activity in response to the gesture, said

context based activity comprises:

counting the digital cash represented in the digital wallet; and

19. The graphical user interface as claimed in claim 18, wherein the counting and transferring of the digital cash is represented on the user interface using animation.

20. The graphical user interface as claimed in claim 18, wherein the gesture of the user comprises at least one of single tapping on the user interface, multiple tapping on the user interface, single swiping on the user interface, multiple swiping on the user interface, pinching on the user interface and entering through a keypad on the user interface.

21. The graphical user interface as claimed in claim 18, wherein the digital cash is represented in a predetermined denomination order.

22. The graphical user interface as claimed in claim 18, wherein information of the digital wallet comprises identity, photo and name of the account holder, biometric information of the account holder, amount of digital cash in the account, information on prepaid accounts, bank accounts and cards information of the account holder.