Patent ID: 7992792
Filing Date: 2011-08-09
Classification: G06Q,G07F

Abstract:
1. A portable payment device comprising a casing having a microprocessor and memory means therein with the memory means being configured to include an electronic purse for the retention of value that is operatively available to be decremented in off-line transactions, coupling means for coupling the microprocessor to a cooperant device to enable the transfer of value from or to the electronic purse to carry out one category of payments in the form of off-line proximity payments, user interface means for enabling a user to input instruction data into the portable payment device, wireless communications means for communicating with a financial institution by way of a wireless communications network, wherein the portable payment device is configured for the conduct of an additional and different category of payments in the form of remote on-line payments by way of the wireless communications network by communication with the financial institution wherein the said different category of remote on-line payments enable a payment to be made from an account of the user controlled by the financial institution to a financial account of a recipient.