Patent ID: 8380129

Claim:
A Mobile phone Contactless Reader (MCR), the MCR comprising: a Central Processing Unit (CPU); a receiving unit to scan communication waves on a Broadcast Control Channel (BCCH) broadcasted by a Base Transceiver Station (BTS); a memory unit to store and update the continuously scanned communication waves; a frequency meter to count the scanned communication waves and measure a frequency of a proximal communication wave, wherein the proximal communication wave is associated with a mobile station; and a transmitting unit for transmitting one of a unique mobile subscriber identification number to a transaction unit, wherein the mobile station provides the unique mobile subscriber identification number to the MCR where the unique mobile subscriber identification number is transferred to one of a bank account and a Universal Mobile Money (Ummoney) database through the transaction unit for online mobile transactions, wherein the mobile station requests the MCR through a Random Access Channel (RACH) for allocating a channel to transmit the unique mobile subscriber identification number to the MCR, and wherein the frequency meter is adapted to send frequency information, timing information and intensity information of the RACH to the CPU upon a second request by the mobile station.