A METHOD OF CONVERTING VIRTUAL CASH TO CASH AND DEDUCTING FROM A MOBILE PHONE CASH ACCOUNT

摘要

The method of converting cash into virtual cash and loaded into a mobile phone cash account using telco's cash product services comprising the steps of:—customer going to outlet to convert cash into virtual cash using telco's product services;—customer filling up forms, showing identification;—frontliner of outlet verifying customer's identification;—frontliner accessing the device and keying command containing—customer's information, reference number of registration form,—customer's or 3rd party-recipient's mobile phone number and amount of cash to be converted to virtual cash and sends this to telco;—frontliner collecting cash to be converted to virtual cash and the service fee and issues receipt to the customer;—customer receiving SMs acknowledgment from telco that the cash has been converted to virtual cash and loaded in the recipient's mobile phone cash account;—frontliner's device receiving a message from telco (with format matching the device) of acknowledgement with confirmation number.