Patent ID: 9177316
Filing Date: 2015-11-03
Classification: G06Q,G07F,H04L,H04W

Abstract:
1. A system for conducting financial transactions using mobile phones, the system comprising: a secure server that facilitates financial transactions between a first personal electronic wallet device of a first user and a second personal electronic wallet device of a second user, wherein the secure server comprises a user account, that is associated with a first user identification information and the first user; the first personal electronic wallet device that is arranged to communicatively couple securely with a first secure mobile device when disposed externally on the first secure mobile device; the first personal electronic wallet device stores and provides only the user identification information and security information to the first secure mobile device for interactions with the secure server, the first secure mobile device securely interacting with the secure server and conducting financial transactions, when the first personal electronic wallet device is externally disposed on, and communicatively coupled to the first secure mobile device and the first user is authenticated and identified at the secure server; the first secure mobile device prompting the first user to pick one of the financial transactions; the secure server receiving details about the one of the financial transactions and a target identification associated with the second user or associated with the second mobile device; the second mobile device prompting the second user to communicatively couple a second electronic wallet to the second mobile device and to enter a PIN code for authentication; the secure server transferring details regarding the one of the financial transactions to the second mobile device for display to the second user; and the secure server sending a user response received from the second mobile device regarding the one of the financial transactions.