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LOCATION-BASED AUTOMATIC PAYMENT SYSTEM

  • US 20120191603A1
  • Filed: 03/30/2012
  • Published: 07/26/2012
  • Est. Priority Date: 02/25/2011
  • Status: Active Grant
First Claim
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1. A location-based automatic payment system, comprising:

  • a memory storing account information for at least one payer and at least one payee, wherein the account information comprises payment information for the at least one payer and the at least one payee; and

    a processor coupled to the memory and operable to;

    receive an automatic payment instruction from a payer, the automatic payment instruction designating a payee account;

    associate the automatic payment instruction with a payer account;

    receive a payment location and associating the payment location with the automatic payment instruction; and

    determine that the payer associated with the payer account is in the payment location and, in response, sending a payment request to make a payment from the payer account to the payee account.

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