Financial Transaction Authentication Servers, Methods, and Computer Program Products for Facilitating Financial Transactions Between Buyers and Sellers
First Claim
1. A method, comprising:
- receiving, by a server, a money transfer request identifying a financial account of a buyer, a financial account of a seller, and an amount to be transferred from the financial account of the buyer to the financial account of the seller, wherein the money transfer request is received from the buyer via a buyer wireless communications terminal;
determining, by the server, in response to receiving the money transfer request from the buyer, a location of the buyer wireless communications terminal;
determining, by the server, in response to receiving the money transfer request from the buyer, a location of a seller wireless communications terminal;
calculating, by the server, a geographical proximity threshold value, based on;
an ambient wireless interference condition;
a type of the buyer wireless communications terminal;
a type of the seller wireless communications terminal;
a particular time of day at which the money transfer request is received from the buyer,a history of use of the buyer wireless seller communications terminal and the seller wireless communications terminal;
whether the buyer is a merchant; and
whether the seller is a merchant;
determining whether the location of the buyer wireless communications terminal is within the geographical proximity threshold value of the location of the seller wireless communications terminal; and
responsive to determining that the location of the buyer wireless communications terminal is within the geographical proximity threshold value of the location of the seller wireless communications terminal, authorizing, by the server, the money transfer request.
1 Assignment
0 Petitions
Accused Products
Abstract
A financial transaction authentication server includes a wireless network interface that is configured to receive fund transfer requests from a buyer via a wireless communications terminal, a wireless terminal location module that is configured to identify the respective locations of the buyer and a seller, and a transaction authorization processor configured to authorize a transfer request if the geographic locations of wireless terminals of the buyer and seller are within a predetermined geographical proximity of each other. The wireless network terminal location module identifies the geographic locations of respective wireless terminals of the buyer and seller. The transaction authorization processor authorizes a fund transfer request if the respective locations of buyer and seller wireless terminals are within a predetermined geographical proximity and suspends a fund transfer request if respective locations of buyer and seller wireless terminals are not within a predetermined geographical proximity of each other.
40 Citations
20 Claims
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1. A method, comprising:
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receiving, by a server, a money transfer request identifying a financial account of a buyer, a financial account of a seller, and an amount to be transferred from the financial account of the buyer to the financial account of the seller, wherein the money transfer request is received from the buyer via a buyer wireless communications terminal; determining, by the server, in response to receiving the money transfer request from the buyer, a location of the buyer wireless communications terminal; determining, by the server, in response to receiving the money transfer request from the buyer, a location of a seller wireless communications terminal; calculating, by the server, a geographical proximity threshold value, based on; an ambient wireless interference condition; a type of the buyer wireless communications terminal; a type of the seller wireless communications terminal; a particular time of day at which the money transfer request is received from the buyer, a history of use of the buyer wireless seller communications terminal and the seller wireless communications terminal; whether the buyer is a merchant; and whether the seller is a merchant; determining whether the location of the buyer wireless communications terminal is within the geographical proximity threshold value of the location of the seller wireless communications terminal; and responsive to determining that the location of the buyer wireless communications terminal is within the geographical proximity threshold value of the location of the seller wireless communications terminal, authorizing, by the server, the money transfer request. - View Dependent Claims (2, 3, 4, 5, 6, 7)
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8. A device, comprising:
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a processor; and a computer-readable storage device comprising computer-executable instructions that, when executed by the processor, cause the processor to perform operations comprising; receiving a money transfer request identifying a financial account of a buyer, a financial account of a seller, and an amount to be transferred from the financial account of the buyer to the financial account of the seller, wherein the money transfer request is received from the buyer via a buyer wireless communications terminal; determining, in response to receiving the money transfer request from the buyer, a location of the buyer wireless communications terminal; determining, in response to receiving the money transfer request from the buyer, a location of a seller wireless communications terminal; calculating a geographical proximity threshold value based on; an ambient wireless interference condition; a type of the buyer wireless communications terminal; a type of the seller wireless communications terminal; a particular time of day at which the money transfer request is received from the buyer, a history of use of the buyer and seller wireless communications terminals; whether the buyer is a merchant; and whether the seller is a merchant; determining whether the location of the buyer wireless communications terminal is within the geographical proximity threshold value of the location of the seller wireless communications terminal; and responsive to determining that the location of the buyer wireless communications terminal is within the geographical proximity threshold value of the location of the seller wireless communications terminal, authorizing the money transfer request. - View Dependent Claims (9, 10, 11, 12, 13, 14)
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15. A computer-readable storage device comprising computer-executable instructions that, when executed by a processor, cause the processor perform operations, comprising:
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receiving a money transfer request identifying a financial account of a buyer, a financial account of a seller, and an amount to be transferred from the financial account of the buyer to the financial account of the seller, wherein the money transfer request is received from the buyer via a buyer wireless communications terminal; determining, in response to receiving the money transfer request from the buyer, a location of the buyer wireless communications terminal; determining, in response to receiving the money transfer request from the buyer, a location of a seller wireless communications terminal; calculating a geographical proximity threshold value, based on; an ambient wireless interference condition; a type of the buyer wireless communications terminal; a type of the seller wireless communications terminal; a particular time of day at which the money transfer request is received from the buyer, a history of use of the buyer and seller wireless communications terminals; whether the buyer is a merchant; and whether the seller is a merchant; determining whether the location of the buyer wireless communications terminal is within the geographical proximity threshold value of the location of the seller wireless communications terminal; and responsive to determining that the location of the buyer wireless communications terminal is within the geographical proximity threshold value of the location of the seller wireless communications terminal, authorizing the money transfer request. - View Dependent Claims (16, 17, 18, 19, 20)
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Specification