User device comprising a cellular phone configured to communicate with a terminal

Abstract

Systems and methods for processing transactions using a digital payment platform.

We claim: 
     
         1 . A user device of a user, comprising a cellular phone programmed to:
 communicate with a second device,   wherein the second device comprises a terminal,   wherein the terminal is initially remote from the user device,   wherein the terminal is configured to communicate with one or more institutions,   wherein the communication comprises two-way communication,   wherein two-way communication comprises communication between and/or among the institution, at least one other institution, and/or either or both of the user and second devices,   wherein the cellular phone is programmed to send and receive information regarding a communication between the user and second device,   wherein the communication relates to an exchange involving the user of the user device.   
     
     
         2 . The user device comprising a cellular phone according to  claim 1 , wherein the cellular phone is programmed to send and receive information at the same time. 
     
     
         3 . The user device comprising a cellular phone according to  claim 1 , wherein the cellular phone is sized to fit in the pocket of a user. 
     
     
         4 . The user device comprising a cellular phone according to  claim 1 , wherein the cellular phone is programmed to interface with an acquirer system, and the acquirer system is the second device. 
     
     
         5 . The user device comprising a cellular phone according to  claim 1 , wherein the cellular phone is programmed to store data. 
     
     
         6 . The user device comprising a cellular phone according to  claim 4 , wherein the cellular phone is programmed to interface with an acquirer system, and the acquirer system is separate from the second device. 
     
     
         7 . A method of using a programmed cellular phone, comprising:
 programming the cellular phone to communicate with a second device,   wherein the second device comprises a terminal,   locating the terminal, initially, remote from the cellular phone,   wherein the terminal is configured to communicate with one or more institutions,   wherein the communication comprises two-way communication,   wherein two-way communication comprises communication between and/or among the institution, at least one other institution, and/or either or both of the phone and second device, and programming the cellular phone to send and receive information regarding a communication between the first and second device,   wherein the communication relates to an exchange involving the user of the first device.   
     
     
         8 . The method according to  claim 7 , wherein the cellular phone is programmed to send and receive information at the same time. 
     
     
         9 . The method according to  claim 7 , wherein the cellular phone is sized to fit in the pocket of a user. 
     
     
         10 . The method according to  claim 7 , wherein the cellular phone is programmed to interface with an acquirer system, and the acquirer system is the second device. 
     
     
         11 . The method according to  claim 7 , wherein the cellular phone is programmed to store data.