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Location based authorization of financial card transactions systems and methods

  • US 8,166,068 B2
  • Filed: 09/02/2005
  • Issued: 04/24/2012
  • Est. Priority Date: 09/02/2005
  • Status: Active Grant
First Claim
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1. A system for authorization of a transaction with a financial card, the system comprising:

  • a mobile communications device, wherein the device is configured to;

    receive a set of data identifying the location of the device; and

    transmit a communications signal which comprises the set of data and an identifier unique to the device; and

    a database which comprises a table of identifiers, wherein,each identifier in the table is unique to one of a plurality of mobile communications devices;

    each identifier in the table is associated with at least one financial card number;

    the table of identifiers includes the identifier unique to the device, and the identifier unique to the device is;

    associated with a first specified distance for a first geographic region, the first specified distance comprising a maximum distance allowed between the location of the device and location of a transaction when the device is located in the first geographic region; and

    associated with a second specified distance for a second geographic region, the second specified distance different from the first specified distance and the second geographic region distinct from the first geographic region, wherein the second specified distance comprises a maximum distance allowed between the location of the device and the location of a transaction when the device is located in the second geographic region; and

    the first specified distance, the second specified distance, or the first and second specified distances are variable with time and according to the location of the device; and

    a location comparison server, in communication with the device and the database, wherein the server is configured to;

    receive the communications signal;

    store the set of data from the communications signal in the database;

    receive a request for authorization of a transaction with a financial card number and data identifying the location of the transaction, wherein the financial card number is associated with the identifier unique to the device;

    determine that the location of the device is within the first geographic region and thereby identify the first specified distance instead of the second specified distance; and

    authorize the transaction based at least in part on a determination that the device is within the first specified distance of the location of the transaction.

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