WIRELESS MOBILE COMMUNICATOR FOR CONTACTLESS PAYMENT ON ACCOUNT READ FROM REMOVABLE CARD

摘要

A wireless mobile communications apparatus reads removable cards and can communicate an account corresponding to the removable card in order to conduct a wireless transaction with a merchant on the account with the wireless mobile communications apparatus. A total currency amount for the transaction, and remaining balance in the account after the transaction, can be displayed on a display screen of the wireless mobile communications apparatus. The removable card can be a gift card bearing a magnetic strip having an identifier for the account encoded thereto that will be read when inserted into the wireless mobile communications apparatus which can be a cellular telephone or Web enabled portable device. The magnetic strip gift card can be substantially composed of paper so as to be intended for disposable after use.

主权项

1. A processor-implemented proximity funds transfer method, comprising:
receiving, via a short range communication protocol, a request for funds transfer for a financial transaction including a total amount to be transferred; installing, at a mobile device, previously received transfer payment account data associated with the transfer accounts; selecting, at the mobile device, at least one of the transfer accounts comprising the previously received transfer account data to be transferred for the total amount; transmitting, via the short range communication protocol, the selected at least one transfer account for funds withdrawal for the total amount from the selected at least one transfer account; and receiving a confirmation indicating issuer approval, by at least one issuer of the transfer accounts, of funds withdrawal from the at least one transfer account.