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Methods for performing internet processes using global positioning and other means

DC
  • US 9,785,942 B2
  • Filed: 12/01/2015
  • Issued: 10/10/2017
  • Est. Priority Date: 09/25/2000
  • Status: Expired due to Fees
First Claim
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1. A method for a financial provider to verify a payment transaction between a customer and a merchant, comprising:

  • receiving, by at least one processor, computer identification information and a plurality of changeable authentication or changeable verification parameters from a merchant computer device;

    performing, by at least one processor, a first verification procedure using the plurality of changeable authentication or changeable verification parameters and the computer identification information from the merchant computer device to determine that the merchant is authorized to use the merchant computer device;

    linking, by at least one processor, the merchant computer device with a first account based on the computer identification information from the merchant computer device;

    accessing, by at least one processor of the financial provider, a positioning location indicative of a physical location of the merchant computer device for the purpose of conducting the payment transaction, wherein the positioning location includes position data obtained from a GPS sensor of the merchant computer device;

    performing, by at least one processor of the financial provider, a second verification procedure utilizing the positioning location from the merchant computer device to verify that the merchant computer device is at an authorized location;

    determining, by at least one processor, that the merchant is authorized to use the first account in the payment transaction based on the first and second verification procedures;

    receiving, by at least one processor, computer identification information from a customer computer device;

    linking, by at least one processor, the customer computer device with a second account based on the computer identification information from the customer computer device;

    receiving, by at least one processor, a payment transaction request;

    generating, by at least one processor, a transaction identifier in response to the payment transaction request for said transaction based on the first and second verification procedures; and

    assuring, by at least one processor, payment between the first account and the second account using said transaction identifier.

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