Patent ID: 6142369
Filing Date: 2000-11-07
Classification: G06Q,G07B,G07F

Abstract:
An electronic transaction system for conducting electronic financial transactions, comprising:a smart card configured to store a plurality of payer electronic credits, comprising,a storage device configured to store said electronic credits, and,a computational device configured to debit or credit said electronic credits; and,a communications module comprising a mobile phone configured to transmit, in response to a transaction between the payer and a party selected from a plurality of addressable parties accessible through a Public Switched Telephone Network (PSTN), said electronic credits from said smart card to said selected party via said PSTN, comprising,an actuation device configured to generate a signal for transmitting said electronic credits to said party,a routing device configured to produce an address of said party,a video display unit configured to display credit transfer data, anda keypad configured to enter details for an electronic transfer;wherein said payer remains in physical control of the smart card at all times during conduct of said transaction and said smart card is configured to act as a subscriber information module (SIM) for said mobile phone.