Automatic authentication and funding method
DCFirst Claim
1. A computer-implemented location-based transaction management method, comprising:
- receiving, by an overseer service/administration facility processor, a request from a controller entity processor to manage transactions on behalf of the controller entity, wherein the controller entity comprises an entity that wishes to control purchase transactions of users with which the controller entity has a relationship, wherein the request comprises a list of merchant partners and associated locations of the merchant partners, information regarding a user with which the controller entity has a relationship, and purchase restrictions, wherein receiving comprises the controller processor communicating with the overseer processor via a network;
in response to the request, the overseer processor generating a payment token for the user on behalf of the controller entity;
the overseer processor receiving a purchase request from the user via a user electronic communication device when the user wishes to make a purchase according to terms of the relationship;
in response to the request, the overseer processor,determining a location of the user comprising determining a location of a user mobile communication device; and
funding the purchase request if the location matches one of the associated locations of the merchant partners based on information related to the purchase request.
3 Assignments
Litigations
0 Petitions
Accused Products
Abstract
Embodiments of an automatic authentication and funding method include a location-based transaction method according to which an overseer partners with multiple providers of at least one of goods and services to sell the goods and services to authorized users of a payment device. A controller entity defines and identifies an authorized user, and the controller agrees to fund predefined purchases on behalf of the authorized user, and further agrees to fund a user account for the purchases. The overseer receives user data and provider data from the controller, and generates a payment device for the user. The overseer uses at least one location-based mechanism to place funds on the payment device from the user account under predefined circumstances such that the user is enabled to make the predefined purchases from the approved providers.
-
Citations
17 Claims
-
1. A computer-implemented location-based transaction management method, comprising:
-
receiving, by an overseer service/administration facility processor, a request from a controller entity processor to manage transactions on behalf of the controller entity, wherein the controller entity comprises an entity that wishes to control purchase transactions of users with which the controller entity has a relationship, wherein the request comprises a list of merchant partners and associated locations of the merchant partners, information regarding a user with which the controller entity has a relationship, and purchase restrictions, wherein receiving comprises the controller processor communicating with the overseer processor via a network; in response to the request, the overseer processor generating a payment token for the user on behalf of the controller entity; the overseer processor receiving a purchase request from the user via a user electronic communication device when the user wishes to make a purchase according to terms of the relationship; in response to the request, the overseer processor, determining a location of the user comprising determining a location of a user mobile communication device; and funding the purchase request if the location matches one of the associated locations of the merchant partners based on information related to the purchase request. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11)
-
-
12. A location-based transaction system, comprising:
-
a controller entity comprising at least one processor and software coupled to at least one network, wherein the controller software comprises instructions executable on the at least one controller processor to perform a controller method comprising, defining and identifying an authorized user, wherein the controller is configurable to fund predefined purchases on behalf of the authorized user, and to fund a user account for the purchases; and choosing at least one of a plurality of predefined approved providers for purchases made by the authorized user; and an overseer entity comprising at least one overseer processor and software coupled to the at least one network, the overseer software comprising instructions executable on the at least one overseer processor to perform an overseer method comprising, receiving user data and provider data from the controller entity, and generating a payment device for the user; and using at least one location-based mechanism to place funds on the payment device from the user account under predefined circumstances such that the user is enabled to make the predefined purchases from the approved providers, wherein the predefined circumstances comprise a user'"'"'s mobile device being detected at a physical location of an approved provider. - View Dependent Claims (13, 14, 15, 16, 17)
-
Specification