System and associated method and service for providing a platform that allows for the exchange of cash between members in a mobile environment

Abstract

A system and associated method and service for providing a platform that enables members to transfer, receive, or otherwise exchange cash in various international denominations and commodities, such as precious metals (e.g., gold, silver, etc.), in a mobile highly secured telecommunications environment. The system is capable of delivering cash instantly between two or more users by allowing the exchange of secure transactions between system and cash dispensing machines (ATMs). Users may pay, receive, exchange, deposit, transfer, pay bills, exchange currency, retrieve cash, deposit cash and create accounts based on the mobile phone number or a system generated code.

What is claimed is: 
     
         1 . A financial service method that provides a cashless platform of enabling users to perform a financial transaction in a mobile environment, the method comprising:
 entering financial information related to the financial transaction on a first user mobile station;   the first user mobile station generating a code containing the financial information on the first user mobile station;   the first user mobile station transferring the generated code to the second user mobile station;   the first user mobile station further transmitting the generated code to a mobile transaction platform to confirm the executability of the financial transaction;   the second user mobile station and the mobile transaction platform automatically recognizing the transferred code;   based on the recognized code, the second user mobile station determines whether to accept or decline the financial transaction;   wherein when the financial transaction is accepted by the second mobile user station, the mobile transaction platform executing the financial transaction;   wherein when the financial transaction is declined by the second user mobile station, the mobile transaction platform preventing the execution of the financial transaction; and   the mobile transaction platform notifying the first user mobile station whether the financial transaction was either accepted or declined by the second user mobile station.