Patent ID: 7873573

Claim:
A method comprising: handling financial transactions of a group of users of a system, wherein the financial transactions are initiated through users' mobile phones communicating with at least one server and a plurality of subgroups of the users are associated with a plurality of banking institutions; processing, through the at least one server, the financial transactions associated with a first banking institution, wherein users in a first subgroup are associated with the first banking institution; processing, through the at least one server, financial transactions associated with a second banking institution, wherein users in a second subgroup are associated with the second banking institution; processing, through the at least one server, financial transactions associated with a third banking institution, wherein users in a third subgroup are associated with the third banking institution; maintaining a virtual pooled account, accessible by the at least one server, comprising funds for the first, second, and third subgroups of users associated with the first, second, and third banking institutions for managing funds transfers required by the financial transactions; and distributing, via the at least one server, a first dividend to the first banking institution based on float for funds in the virtual pooled account for the first subgroup users plus a percentage of float on funds in the virtual pooled account for the third subgroup users.