Patent ID: 6581825
Filing Date: 2003-06-24
Classification: G06Q

Abstract:
A method of executing mobile financial transactions using standard telephone devices for ATM, credit or debit cards, using a mobile satellite transceiver to communicate with a central financial host computer that authorizes the transactions, comprising:(a) providing a mobile communications processor with which to convert telephone signaling from the mobile financial transaction device to and from the host financial computer which will: (1) provide a process to convert analog telephone signals from the said mobile device to digital messaging through a digital satellite system, (2) provide a process to signal the said mobile device that will make it believe that it is connected to a host financial computer on a analog two-wire telephone circuit, (b) provide a process to receive transaction data from the satellite transceiver and present it to the host financial computer, (1) provide a process to convert the approval/disapproval of the said transaction from the host computer to the mobile device with (b) provide a process to receive transaction data from the satellite transceiver and present it to the host financial computer, (c) provide a process to convert the approval/disapproval of the said transaction from the host computer to the mobile device whereby the transaction can be performed without direct communication between the mobile transaction device and any terrestrial station, and whereby the transaction can be performed while the mobile unit is in motion on land, sea, or air, and whereby the transaction allows the use of common telephone modem equipped financial transaction devices with out any modification, whereby the said method can also be used in other situations where telephone modems are used to collect remote data to be sent to a central host processor.