Sharad Pawar

The various embodiments herein provide a method and system for transferring funds between users over a voice call. The method comprises registering a plurality of users for funds transfer with a payment system, initiating the voice call between a payer and a payee involved in the funds transfer, establishing a communication link with the payment system during the voice call, providing a funds transfer request to the payment system by the payer, prompting an authentication token and providing a… Show more

The various embodiments herein provide a method and system for transferring funds between users over a voice call. The method comprises registering a plurality of users for funds transfer with a payment system, initiating the voice call between a payer and a payee involved in the funds transfer, establishing a communication link with the payment system during the voice call, providing a funds transfer request to the payment system by the payer, prompting an authentication token and providing a biometric signature of the payer and the payee to the payment system, verifying identity of the payer and the payee based on the authenticity of the biometric signature, retrieving the payer and the payee details from a central database, initiating the funds transfer and sending a funds transfer notification to the payer and the payee indicating that the payment from the payer to the payee has been made. Show less

A mobile commerce system for creation of enforceable oral agreements. The system includes at least one mobile wireless communications instrument and a data processor operatively connected to the mobile wireless communications instrument. A recording subsystem is provided to record and archive information including identification, authorization, and authentication information. The system also includes means for disbursing and receiving digital currency. The system includes a dispute resolution… Show more

A mobile commerce system for creation of enforceable oral agreements. The system includes at least one mobile wireless communications instrument and a data processor operatively connected to the mobile wireless communications instrument. A recording subsystem is provided to record and archive information including identification, authorization, and authentication information. The system also includes means for disbursing and receiving digital currency. The system includes a dispute resolution protocol. Show less