Patent ID: 8577763
Filing Date: 2013-11-05
Classification: G06Q

Abstract:
1. A method of converting cash into virtual cash loaded into a mobile phone cash account using a telco's cash product services, the method comprising: a customer going to an outlet to convert cash into virtual cash loaded into a third-party recipient's mobile phone using the telco's cash product services; the customer filling out a registration form, showing identification; a frontliner of the outlet verifying the customer's identification; the frontliner accessing a device, keying a command containing the customer's information, a reference number of the registration form, the third-party recipient's mobile phone number, and an amount of cash to be converted to virtual cash into the device, and sending the command to the telco; the frontliner collecting cash to be converted to virtual cash, and a service fee, and issuing a receipt to the customer; the customer receiving a SMS acknowledgement from the telco to the customer's mobile phone that the cash has been converted to virtual cash and loaded in the third-party recipient's mobile phone; and the frontliner's device receiving a message from the telco with a format matching the device for an acknowledgement with a confirmation number.