Patent ID: 7689508

Claim:
A system that integrates consumer or business credit transactions with a mobile communication device, comprising: at least one processor coupled to a memory, the computer processor executes: a mobile identification component that receives a unique ID from a mobile communication device; a mobile-credit interface component that associates a financial institution-sponsored credit account with the unique ID of the mobile communication device; a management component that synchronizes a contemporaneous state of the credit account at the mobile communication device and at a financial account server, wherein the contemporaneous state comprises at least one of credit limit, balance or transaction history data and wherein the contemporaneous state facilitates autonomous credit approval via the mobile communication device wherein a communication network need not be accessed to facilitate the credit approval; a conversion processor that converts a portion of the credit account or a transfer of funds to or from the credit account from a first currency to a second currency, the second currency is appropriate to the contemporaneous location of the mobile communication device or of a target account, or both; and a sub-division component that divides the credit account into a plurality of sub-credit accounts, each of the sub-credit accounts are affiliated with either a financial institution or a commercial vendor.