METHOD AND SYSTEM OF UTILIZING MOBILE PHONE AS LOCATOR TO MANAGE CARD ACCEPTANCE

Attorney Docket No. 0076412-000088 A financial transaction method that includes receiving at a geolocation authentication module, a request from a managing computer system storing data associating identification information of individual mobile devices with individual payment card accounts, the request originating from a merchant and includes data identifying the geographic origin of the request for authorization against the payment card account of the customer identifying a mobile device associated with the payment card account against which the request for authorization has been received; requesting data identifying a current geographic location of the at least one mobile device associated with the payment card account from a mobile device service provider, the mobile device service provider storing data identifying the current geographic location of the mobile device associated with the payment card account; and receiving, from the mobile device service provider, the data identifying the geographic location of the mobile device associated with the payment card account. U)m U)) E)- c 0 C: ( E 0 :i- U -0 00 CL (D ~ c-* US 0 o, MU (1) U) EL- < 0 U ~ ~ 0 U) (1 dI 0 , C E m CD 0- -0 0 CD (n co 0- / ) -4 0-Z3 l U) U ~~ co1 CC)Y 0 z ~ l0 ILL O C ) .LOX ) U o00> c- m