Patent ID: 8485434

Claim:
A method for transferring virtual cash, comprising: storing at a processing center a first account record associated with a first wireless device, the first account record comprising: a first amount of virtual cash; and a first security code, wherein the first security code comprises a first fixed code portion provided by a bank to verify a first deposit of money corresponding to the first amount of virtual cash; storing at the processing center a second account record associated with a second wireless device, the second account record comprising: a second amount of virtual cash; and a second security code, wherein the second security code comprises a second fixed code portion provided by the bank to verify a second deposit of money corresponding to the second amount of virtual cash; receiving instructions from the first wireless device to transfer a third amount of virtual cash from the first account record to the second account record; comparing the third amount of virtual cash to the first amount of virtual cash; and if the third amount of virtual cash is greater than the first amount of virtual cash: transferring at the processing center the third amount of virtual cash from the first account record to the second account record; and notifying the first and second wireless devices of a difference between the third amount of virtual cash and the first amount of virtual cash.