SMS is something everyone understands which is good. However banks are offering instant transaction times in my country, so the 2-3 hours definately needs to be reduced to ensure a point of difference, and the cost of transacting.
BofA implemetented the SAME thing ,but another company is getting patent?This does not make any sense.The technology has to be competely new and ground breaking,in order to be patented.Crypto payments via SMS had been used before,so they are not a new innovation,hence that company doesn't deserve a patent.