NON-INTRUSIVE GEO-LOCATION DETERMINATION ASSOCIATED WITH TRANSACTION AUTHORIZATION
First Claim
1. An apparatus for non-intrusive geo location determination for transaction authorization, whereby the apparatus enables automatic and real time utilization of one or more payment credentials applicable for a transaction initiated by a user, the apparatus comprising:
- at least one memory;
at least one processor; and
a module stored in the memory, executable by the at least one processor, and configured to cause the at least one processor to;
establish an operative communication link between a point of sale terminal associated with a merchant and a user device comprising a mobile wallet application;
receive an indication that a user has initiated a transaction;
retrieve transaction information associated with the initiated transaction, wherein the transaction information comprises one or more transaction parameters, the one or more transaction parameters comprising a geographic location and a transaction amount;
determine one or more payment credentials applicable to process the transaction based on analyzing at least the transaction information, the one or more payment credentials being associated with the user, wherein each of the one or more payment credentials are associated with at least one correlated transaction parameter of the one or more transaction parameters;
initiate, automatically, a presentation of a graphical user interface for display on the user device, wherein the graphical user interface comprises the one or more payment credentials applicable to process the transaction;
receive via the graphical user interface, a user selection of at least one payment credential from the one or more payment credentials determined to be applicable to process the transaction; and
transmit via the established link, the at least one payment credential to the point of sale terminal;
wherein, the transmitted at least one payment credential is configured to enable an external system to process the transaction based on the at least one correlated transaction parameter.
1 Assignment
0 Petitions
Accused Products
Abstract
Embodiments of the invention are directed to systems, methods, and computer program products for authorizing payment credentials and transactions associated with a user digital wallet by automatic and real time utilization of one or more payment credentials applicable and optimal for a transaction initiated by the user. The invention enables a mobile digital wallet application on a user device to determine optimal payment credentials based on one or more transaction parameters comprising geographic location, transaction amount and user authentication associated with the transaction. Transmission of the optimal payment credential causes the receiving system to recognize the one or more transaction parameters and enables the system to process the transaction in accordance with the geographic location, transaction amount and/or the user authentication.
96 Citations
20 Claims
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1. An apparatus for non-intrusive geo location determination for transaction authorization, whereby the apparatus enables automatic and real time utilization of one or more payment credentials applicable for a transaction initiated by a user, the apparatus comprising:
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at least one memory; at least one processor; and a module stored in the memory, executable by the at least one processor, and configured to cause the at least one processor to; establish an operative communication link between a point of sale terminal associated with a merchant and a user device comprising a mobile wallet application; receive an indication that a user has initiated a transaction; retrieve transaction information associated with the initiated transaction, wherein the transaction information comprises one or more transaction parameters, the one or more transaction parameters comprising a geographic location and a transaction amount; determine one or more payment credentials applicable to process the transaction based on analyzing at least the transaction information, the one or more payment credentials being associated with the user, wherein each of the one or more payment credentials are associated with at least one correlated transaction parameter of the one or more transaction parameters; initiate, automatically, a presentation of a graphical user interface for display on the user device, wherein the graphical user interface comprises the one or more payment credentials applicable to process the transaction; receive via the graphical user interface, a user selection of at least one payment credential from the one or more payment credentials determined to be applicable to process the transaction; and transmit via the established link, the at least one payment credential to the point of sale terminal; wherein, the transmitted at least one payment credential is configured to enable an external system to process the transaction based on the at least one correlated transaction parameter. - View Dependent Claims (2, 3, 4, 5, 6, 7)
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8. A method for non-intrusive geo location determination for transaction authorization, whereby at least one processor enables automatic and real time utilization of one or more payment credentials applicable for a transaction initiated by a user, the method comprising:
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establishing, by the at least one processor, an operative communication link between a point of sale terminal associated with a merchant and a user device comprising a mobile wallet application; receiving, by the at least one processor, an indication that a user has initiated a transaction; retrieving, by the at least one processor, transaction information associated with the initiated transaction, wherein the transaction information comprises one or more transaction parameters, the one or more transaction parameters comprising a geographic location and a transaction amount; determining, by the at least one processor, one or more payment credentials applicable to process the transaction based on analyzing at least the transaction information, the one or more payment credentials being associated with the user, wherein each of the one or more payment credentials are associated with at least one correlated transaction parameter of the one or more transaction parameters; initiating, by the at least one processor, automatically, a presentation of a graphical user interface for display on the user device, wherein the graphical user interface comprises the one or more payment credentials applicable to process the transaction; receiving, by the at least one processor, via the graphical user interface, a user selection of at least one payment credential from the one or more payment credentials determined to be applicable to process the transaction; and transmitting, by the at least one processor, via the established link, the at least one payment credential to the point of sale terminal; - View Dependent Claims (9, 10, 11, 12, 13, 14)
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15. A computer program product for non-intrusive geo location determination for transaction authorization, whereby the computer program product enables automatic and real time utilization of one or more payment credentials applicable for a transaction initiated by a user, the computer program product comprising a non-transitory computer-readable medium comprising code that when executed causes a first apparatus to:
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establish an operative communication link between a point of sale terminal associated with a merchant and a user device comprising a mobile wallet application; receive an indication that a user has initiated a transaction; retrieve transaction information associated with the initiated transaction, wherein the transaction information comprises one or more transaction parameters, the one or more transaction parameters comprising a geographic location and a transaction amount; determine one or more payment credentials applicable to process the transaction based on analyzing at least the transaction information, the one or more payment credentials being associated with the user, wherein each of the one or more payment credentials are associated with at least one correlated transaction parameter of the one or more transaction parameters; initiate, automatically, a presentation of a graphical user interface for display on the user device, wherein the graphical user interface comprises the one or more payment credentials applicable to process the transaction; receive via the graphical user interface, a user selection of at least one payment credential from the one or more payment credentials determined to be applicable to process the transaction; and transmit via the established link, the at least one payment credential to the point of sale terminal; wherein, the transmitted at least one payment credential is configured to enable an external system to process the transaction based on the at least one correlated transaction parameter. - View Dependent Claims (16, 17, 18, 19, 20)
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Specification