Patent ID: 8639602

Claim:
A system supporting plurality of mobile devices used by a plurality of users for managing funds transfer and banking, the system comprising: a server computer comprising processing circuitry, memory coupled to the processing circuitry and network circuitry; the server computer receives a funds transfer request from a first mobile device communicatively coupled to the server computer and communicates a first one-time-use token to the first mobile device; the server computer receives a funds transfer initiation notice from a second mobile device communicatively coupled to the server computer and communicates an acknowledgement message to the first mobile device; the server computer determines an appropriate third mobile device and communicates an incoming funds transfer transaction notice to the third mobile device; the server computer communicates a funds available notice to a fourth mobile device along with a second one-time-use token; the server computer receives a funds transfer activation request from the third mobile device along with the second one-time-use token communicated by the third mobile device; the server computer sends a funds transfer approval request to the first mobile device, receives the first one-time-use token, and verifies it; and the server computer sends a funds transfer completion confirmation request to the fourth mobile device and receives a funds transfer completion confirmation response from the fourth mobile device.