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SYSTEM AND METHOD FOR CREDIT CARD TRANSACTION APPROVAL BASED ON MOBILE SUBSCRIBER TERMINAL LOCATION

  • US 20130030934A1
  • Filed: 07/27/2012
  • Published: 01/31/2013
  • Est. Priority Date: 01/28/2011
  • Status: Abandoned Application
First Claim
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1. A method of authorizing a transaction, said method comprising the steps of:

  • receiving a request to authorize a transaction being conducted at a point-of-sale (POS);

    acquiring purchaser data from the request;

    receiving an approval to permit an authorizing entity to determine a location of the purchaser;

    transmitting a request to locate the purchaser and receiving location data indicating the location of the purchaser in response thereto;

    comparing a POS location with the purchaser location; and

    authorizing or denying the transaction based on the step of comparing.

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