Patent ID: 8533112
Filing Date: 2013-09-10
Classification: G06Q

Abstract:
1. A computer-implemented method for associating digital money with a user, the method comprising the steps of: receiving, by a computer, an indication of the user depositing with a distributor a first amount of physical cash to be associated with a telephone number of the user, the indication being received from a computer associated with the distributor; associating, by the computer, a second amount of digital money based on the first amount of physical cash with the telephone number of the user; transmitting, by the computer, a first text message comprising a payment code to the telephone number of the user, the first text message being configured to be displayed on a mobile telephone associated with the telephone number, wherein the payment code comprises data indicating the second amount of digital money; calculating, by the computer, an amount of interest to be credited to the user; and transmitting, by the computer, a second text message comprising an interest payment code to the telephone number of the user, the second text message being configured to be displayed on a mobile telephone associated with the telephone number, wherein the interest payment code comprises data indicating the amount of interest.