Method and system for managing monetary value on a mobile...

Details Method and system for managing monetary value on a mobile... Method and system for managing monetary value on a mobile...

2005-10-27

2010-10-26

Stcyr, Daniel (Department: 2876)

Registers

Systems controlled by data bearing records

Banking systems

C235S380000

Reexamination Certificate

active

07819307

ABSTRACT:
Aspects of the present invention feature a method of managing a monetary value stored in an electronic wallet of a mobile device. These management operations include receiving an indication that the mobile device from a mobile device account of a mobile device carrier cannot be located and is either lost or stolen. Subsequently, a determination is made to see if the mobile device has an associated electronic wallet capable of storing a monetary value. Generally, the use of mobile device and access to electronic wallet is blocked in response to determination that mobile device has an associated electronic wallet. In addition, the electronic wallet can be flagged such that the electronic wallet associated with mobile device will be drained of monetary value as well as being blocked.

REFERENCES:
patent: 5991749 (1999-11-01), Morrill, Jr.
patent: 6142369 (2000-11-01), Jonstromer
patent: 7340244 (2008-03-01), Osborne et al.

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