BigPatents India

The system that allows to process and carry out plurality of personal and institutional commercial transactions through communication means like mobile phone, telephone, PDA, wireless device or any other communication device sending, receiving and storing text message or multimedia message or any other form of data, wherein the system consists of: ‰Communication means, which is capable of exchanging plurality of instructions for personal and institutional commercial transactions in the form of any data transfer means. ‰Interface means, such that it links the communication means and processing means, wherein the interface means consists of means for exchange of data or information from the communication means to the processing means. ‰Processing means, such that it would parse, compare and compile the plurality of instructions in the form of text message or multimedia message or any other form of data as per predefined syntax, data items and algorithms, then finally execute to give necessary output data to plurality of storage means & communication means through interface means. ‰Storage means, such that plurality of personal and institutional data or information can be recorded and retrieved as and when required by processing means. ‰Verification means, such that the plurality of personal and institutional data can be checked with a pre-defined validity, security & authentication parameters for fair and smooth operation of personal and institutional financial transactions. Drawing: 05 Sheets Total Pages: 13. Fig. Nil