Abstract: A method of receiving virtual cash from an outlet through a mobile phone including the steps of: —customer requesting cash-out at an outlet; —customer showing identification and filling out a form; —frontliner accessing the device and keying in command containing customer's amount of cash-out and sending this to telco; —telco verifying that customer's mobile phone is registered with the telco's cash product services and that the amount of cash-out is available in the customer's mobile phone cash account and sending information to the device of the frontliner of the outlet; —frontliner of the outlet verifying that customer is registered with telco's cash product services and advising the customer of the unique transaction code; —customer paying cash-out fee; —customer keying in “CASHOUT” cash product command containing his PIN, amount to be cashed out, and his mobile phone number; —sending this command to telco; —outlet's device receiving a confirmatory message from telco of cash product service transfer; —cus

Abstract: A person to person cash transfer transaction method using mobile phones comprising the steps of: —sender sends a transfer command to the recipient containing the transfer amount, sender's PIN and the recipient's mobile number; —telco verifies if the sender's mobile phone cash account has sufficient balance to effect the transfer of the amount of virtual cash being transferred; —telco deducts the sender's mobile phone cash account with the amount of virtual cash to e transferred and credits the same amount of recipient's mobile phone cash account; —sender and recipient receive SMS acknowledgment with confirmation number from telco; —recipient if registered may not use the virtual cash for any financial transaction.

Abstract: The method of converting cash into virtual cash and loaded into a mobile phone cash account using telco's cash product services comprising the steps of: —customer going to outlet to convert cash into virtual cash using telco's product services; —customer filling up forms, showing identification; —frontliner of outlet verifying customer's identification; —frontliner accessing the device and keying command containing—customer's information, reference number of registration form, —customer's or 3rd party-recipient's mobile phone number and amount of cash to be converted to virtual cash and sends this to telco; —frontliner collecting cash to be converted to virtual cash and the service fee and issues receipt to the customer; —customer receiving SMs acknowledgment from telco that the cash has been converted to virtual cash and loaded in the recipient's mobile phone cash account; —frontliner's device receiving a message from telco (with format matching the device) of acknowledgement with confirmation number.

Abstract: The method of cash-less purchase transaction using mobile phone comprising steps of: —customer requesting for purchase at outlet; —merchants verifying if customer is registered with telco's cash product service; —merchant informing the customer of the purchase price to e paid; —merchant sending in a SELL command on his device to a telco containing merchant's PIN, amount of the purchase, and customer's mobile phone number; —customer receiving SMS confirmation query of the amount to be paid from telco; —customer's mobile phone number; —customer replying to the SMS of his confirmation with his PIN; —merchant receiving confirmation from telco of the deduction from customer's mobile phone cash account; —merchant releasing product to the customer; —customer receiving confirmation of the deduction via SMSD sent to his mobile phone; —alternatively, merchant using mobile phone device informing customer of the merchant's mobile number which the customer can send his virtual cash to; —customer sending the amount via SMS

Abstract: A method of receiving cash from an outlet through a mobile phone comprising the steps of: —customer requesting for cash-out at an outlet; —customer showing identification and filling up a form; —frontliner accessing the device and keying in command containing customer's amount of cash-out and sending this to telco; telco verifying that customer's mobile phone is registered with the telco's cash product services and that the amount of cash-out is available in the customer's mobile phone cash account and sending information the device of the frontliner of the outlet; —frontliner of the outlet verifying that customer is registered with telco's cash product service and advising the customer of the unique transaction code; —customer paying for cash-out fee; —customer keying in “CASHOUT” cash product command containing his PIN, amount to be cashed out, and his mobile phone number; —sending this command to telco; —outlets device receiving a confirmatory message from telco of cash product service transfer; —customer

Abstract: A person to person cash transfer transaction method using mobile phones comprising the steps of: -sender sends a transfer command to the recipient containing the transfer amount, sender's PIN and the recipient's mobile number; -telco verifies if the sender's mobile phone cash account has sufficient balance to effect the transfer of the amount of virtual cash being transferred; -telco deducts the sender's mobile phone cash account with the amount of virtual cash to e transferred and credits the same amount of recipient's mobile phone cash account; -sender and recipient receive SMS acknowledgment with confirmation number from telco; -recipient if registered may not use the virtual cash for any financial transaction.

Abstract: The method of converting cash into virtual cash and loaded into a mobile phone cash account using telco's cash product services comprising the steps of: —customer going to outlet to convert cash into virtual cash using telco's product services; —customer filling up forms, showing identification; —frontliner of outlet verifying customer's identification; —frontliner accessing the device and keying command containing—customer's information, reference number of registration form, —customer's or 3rd party-recipient's mobile phone number and amount of cash to be converted to virtual cash and sends this to telco; —frontliner collecting cash to be converted to virtual cash and the service fee and issues receipt to the customer; —customer receiving SMs acknowledgment from telco that the cash has been converted to virtual cash and loaded in the recipient's mobile phone cash account; —frontliner's device receiving a message from telco (with format matching the device) of acknowledgement with confirmation number.