Patent ID: 8452257
Filing Date: 2013-05-28
Classification: G06Q,H04L,H04W

Abstract:
1. A method of encoding a current balance on a mobile phone, the method comprising: storing an account identifier on a non-volatile programmable memory; transmitting, with a wireless transceiver, transaction data associated with a transaction to a point of sale device, the transaction data comprising the account identifier; receiving, with the wireless transceiver, real-time balance information regarding a current balance of an account associated with the account identifier; and encoding, with a processor, the current balance in the non-volatile programmable memory on the mobile phone, wherein the real-time balance information comprises a transaction amount representing an amount of a last transaction completed using the mobile phone; wherein the last transaction amount is subtracted from a previous balance using the processor; and wherein the result of the subtraction comprises the current balance.