Patent ID: 7364071
Filing Date: 2008-04-29
Classification: G06Q

Abstract:
1. A system that enables a wireless point-of-sale transaction, the system comprising: an account module that stores account information corresponding to a payment account, wherein the account information comprises balance information related to the payment account; an input interface that enables a user to initiate a wireless point-of-sale transactions; a transmitter that wirelessly transmits payment information to a point-of-sale device in response to the initiation of the wireless point-of-sale transactions, wherein the payment information comprises account information associated with the payment account stored by the account module; a receiver that receives a wireless transmission of purchase information, wherein the purchase information comprises price information related to the wireless point-of-sale transaction, wherein the balance information stored by the account module is updated based on the price information related to the wireless point-of-sale transactions; a user spending module that tracks the user's spending based on the received purchase information, wherein the input interface enables the user to input one or more spending thresholds that are stored by the user spending module, and wherein the user spending module compares the user's spending with the one or more spending thresholds.