Money transactions using mobile phones

• Main Authors: IL CHANG HUI, IL KIM CHUNG, HYUNG IN CHI
• Format: Patent
• Language: English
• Published: 13.02.2002
• Edition: 7
• Subjects: CALCULATING; COMPUTING; COUNTING; DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES; ELECTRIC COMMUNICATION TECHNIQUE; ELECTRICITY; PHYSICS; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR; TRANSMISSION; WIRELESS COMMUNICATIONS NETWORKS

The present invention relates to a money service apparatus for an IMT-2000 network and a method of the same which implements the information concerning a location of an IMT-2000 ID card and a terminal and functions for indicating the amount of money at the current rate of the foreign currency to a subscriber's own country's currency A7, A63, remitting payment, making money transfer, and delivering a written notice and public notice. The money service apparatus for an IMT-2000 network includes a money service apparatus wherein the identification numbers of a terminal connected with the IMT-2000 network and a card are recognized and are provided to the subscriber, wherein a money exchange information service is provided; wherein the current location of the subscriber is searched when the subscriber requests the information on the amount of money that is converted to the local country's currency where he is located, applying the money exchange rate to his own country's currency, and then the information is provided to the terminal; wherein in the case that the subscriber requests a cash transfer to the called subscriber side, the money exchange information is searched through the money exchange information service, and the cash is provided to the called subscriber, and wherein in the case that the subscriber requests a cash transfer to the bank, the money exchange rate information is searched through the money exchange information service, and the money transfer is performed to the bank. A SMS message can be provided to verify transaction (Fig 3B).