The invention relates to a
cell phone and banking card combination equipment, and the new type
electronic business affairs
payment system based on the equipment together with its usage. The
cell phone number and the stock information of the owner are stored in the
cell phone, together with a short message
transceiver module included. The cell phone number is consistent to the
bank account number. The
system is composed of the mentioned equipment, the public
wireless mobile communication network, the short message center, the
bank computer and the point-of-sale terminals of the manufactures. The usage lies in the following. óƒ the
bank and the
mobile phone company issues the account number and the cell phone number, which are consistent to each other. ó constitute the mentioned
system. ó� the system setup. óœ when paying, the cell phone number of the owner is keyed in or transferred to the point-of-sale terminal through the
wireless transmitter. ó¦ the terminal transmits the account transfer information to the bank computer. óÌ the expense amount (a) needed to be paid by the owner is compared with the stock surplus (b) of his corresponding account by the computer, if a >b , execute step ó›, otherwise execute step óÓ. ó› the short message that there is not enough stock surplus and the transaction is terminated, is transferred to the equipment by the computer, and turn to step óÔ. óÓ the bill of costs and the short messages such as the
payment is permitted, please enter the
password and press X to exist and so on, are transferred to the equipment by the computer. óß the transaction result information is transferred to the equipment through the short message center by the computer. óÔ the operation is terminated and a transaction cycle is implemented.