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1. (WO2001006466) A METHOD FOR PERFORMING FINANCIAL TRANSACTIONS AND A SYSTEM FOR PERFORMING THE METHOD

Pub. No.:    WO/2001/006466    International Application No.:    PCT/SE2000/001499
Publication Date: Fri Jan 26 00:59:59 CET 2001 International Filing Date: Tue Jul 18 01:59:59 CEST 2000
IPC: G07F 7/08
Applicants: ANDERSSON, Sören
Inventors: ANDERSSON, Sören
Title: A METHOD FOR PERFORMING FINANCIAL TRANSACTIONS AND A SYSTEM FOR PERFORMING THE METHOD
Abstract:
The present invention relates to a method for performing financial transactions with the aid of a mobile telephone, a telephone or a modem, and also a system for performing the method. The method comprises the steps of: entering a code in the mobile telephone, telephone or modem for identification; entering an amount for a financial transaction; inserting a card into a card reader incorporated in the mobile telephone, telephone or modem; the mobile telephone, telephone or modem identifying the card; decreasing the balance on the mobile telephone, telephone or modem by said amount and increasing the balance on the card by said amount, or vice versa; and the mobile telephone, telephone or modem verifying the financial transaction.