Patent ID: 8275353
Filing Date: 2012-09-25
Classification: G06Q,H04M

Abstract:
1. A method of a transaction server to handle transaction records for a particular transaction initiated by at least partly wireless communication between 1) a mobile communication device having a stored value represented by data on the mobile communication device and 2) a transaction terminal, comprising: in response to the particular transaction that 1) changes the stored value represented by data on the mobile communication device according to the particular transaction and 2) is initiated by at least partly wireless communication between the mobile communication device and the transaction terminal: wherein said particular transaction includes an exchange between a first business issued currency honored by a first group of one or more businesses and a second business issued currency honored by a second group of one or more businesses, and the first business issued currency is different from the second business issued currency, and the first business issued currency and the second business issued currency are not issued by governments, wherein the transaction server has both a user account of the mobile communication device in the first business issued currency, and a merchant account of the transaction terminal in the second business issued currency, and wherein the transaction server handles the exchange between the user account in the first business issued currency and the merchant account in the second business issued currency.