System and Method for Location-Based Transaction

A system and method for using at least location information to facilitate a transaction is provided. In one embodiment of the present invention, a mobile application operating on a mobile device is used to determine a location of the mobile device. Location information is then provided to a host dev...

Ausführliche Beschreibung

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Bibliographische Detailangaben
Hauptverfasser:	Shay, John, Giraudo, Anthony, Diamond, Patrick
Format:	Patent
Sprache:	eng
Schlagworte:	CALCULATING COMPUTING COUNTING DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES ELECTRIC COMMUNICATION TECHNIQUE ELECTRICITY PHYSICS SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR WIRELESS COMMUNICATIONS NETWORKS
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Beschreibung
Zusammenfassung:	A system and method for using at least location information to facilitate a transaction is provided. In one embodiment of the present invention, a mobile application operating on a mobile device is used to determine a location of the mobile device. Location information is then provided to a host device, where it is used to identify a second party. Information on the second party, including transactions offered, is then provided to the first party (e.g., via the mobile device, an intermediate device, and/or a device operated and/or owned by the second party). The first party can then interact with the mobile application to select or confirm at least one of the offered transactions. If the transaction is a purchase of goods/services, then a linked payment method may be charged. If the transaction is financial, then the first party may have to further provide authentication data (e.g., a PIN).