Exchange service for wireless communication pricing accessible by wallet applications
a wallet application and wireless communication technology, applied in payment protocols, instruments, data processing applications, etc., can solve the problems of cumbersome commodity purchasing, impracticality of wireless minutes and other increments of wireless services, and the inability to purchase wireless minutes from a wireless service provider using a wallet application
Inactive Publication Date: 2016-09-08
RFCO
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- Summary
- Abstract
- Description
- Claims
- Application Information
AI Technical Summary
Benefits of technology
Enables users to obtain and purchase wireless communication units with real-time pricing, supporting variable pricing structures and promotions, and facilitates conversions between different currencies, enhancing the convenience and efficiency of wireless service purchases.
Problems solved by technology
Although convenient to make purchases at retail locations that accept wallet application payments, purchasing commodities is still cumbersome.
For example, purchasing wireless minutes (and other increments of wireless services) from a wireless service provider using a wallet application may be impractical.
These and other drawbacks exist with conventional wallet applications and wireless minute purchases.
Method used
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Embodiment Construction
[0024]The invention described herein relates to a system and method for an exchange service that provides price information for wireless communication units and other commodities.
[0025]Exemplary System Architecture
[0026]FIG. 1 illustrates an exemplary system 100 for an exchange service that provides price information for wireless communication units and other commodities and facilitating the purchase through wallet applications, according to an implementation of the invention.
[0027]System 100 may include one or more computer systems 110, one or more pricing providers 120, one or more rate servers 130, one or more client devices 140, one or more payment processors 150, one or more databases 160, and / or other components.
[0028]Computer System 110
[0029]Computer system 110 may be implemented as a server computing device, a personal computer (e.g., a desktop computer, a laptop computer, etc.), a smartphone, a tablet computing device, and / or other device that can be used to provide pricing...
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A system and method may provide an exchange service for providing the price of wireless minutes to wallet applications and other client applications. The system may obtain pricing information for the wireless minutes and provide the pricing information to a wallet application. The pricing information may be provided through a rate server that subscribed to receive the pricing information. The rate server typically also provides exchange rates for currencies for use at wallet applications that are communicably coupled to the rate server. By providing the pricing information to wallet applications, wireless service providers may variably price their wireless services. End users may be able to obtain real-time prices of the wireless services and purchase such services directly using payment accounts associated with a wallet application. For example, a Bitcoin wallet may be used to obtain real-time prices of the wireless services and purchase such services using Bitcoins.
Description
CROSS-REFERENCE TO RELATED APPLICATIONS[0001]This application is a continuation of U.S. patent application Ser. No. 14 / 640,922, entitled “Exchange Service for Wireless Communication Pricing Accessible by Wallet Applications,” filed on Mar. 6, 2015, the content of which is hereby incorporated herein by reference in its entirety.FIELD OF THE INVENTION[0002]The invention relates to an exchange service for providing the price of wireless communication units and other commodities accessible by wallet applications and other client applications.BACKGROUND OF THE INVENTION[0003]Wallet applications for mobile devices have grown in popularity due to their convenience of use and improved security features. Wallet applications generally are pre-associated with a payment account used to pay for purchases. For instance, Softcard™ from American Express® is associated with a credit card that is charged whenever the Softcard™ wallet application is used to make a purchase. Some wallet applications us...
Claims
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IPC IPC(8): H04W4/24G06Q20/38H04M15/00G06Q20/06G06Q20/36
CPCH04W4/24G06Q20/065G06Q20/381H04M15/61G06Q20/3678H04M15/83H04M17/02H04M17/20H04M17/204H04M15/67H04M15/31G06Q20/36H04M15/48
Inventor HARPER, ANTHONY
Owner RFCO