SYSTEM AND METHOD FOR LOCATION BASED MOBILE COMMERCE

• US 20100332339A1
• Filed: 06/30/2009
• Published: 12/30/2010
• Est. Priority Date: 06/30/2009
• Status: Active Grant

• Current Assignee: PayPal, Inc. (PayPal Holdings, Inc.)
• Original Assignee: eBay Inc.
• Inventors: Menon, Suraj Satheesan, Patel, Amol
• Granted Patent: US 8,886,569 B2
• Time in Patent Office: Days
• US Class Current: 705/26.1
• CPC Class Codes: G06Q 20/3224 Transactions dependent on location of M-devices
• CPC Class Codes: G06Q 30/0601 Electronic shopping [e-shopping]
• CPC Class Codes: G06Q 30/0603 Catalogue ordering
• CPC Class Codes: G06Q 30/0639 Item locations
• CPC Class Codes: H04W 4/02 Services making use of location information
• CPC Class Codes: H04W 4/023 using mutual or relative location information between multiple location based services [LBS] targets or of distance thresholds
• CPC Class Codes: H04W 4/029 Location-based management or tracking services
• CPC Class Codes: H04W 4/18 Information format or content conversion, e.g. adaptation by the network of the transmitted or received information for the purpose of wireless delivery to users or terminals
• CPC Class Codes: H04W 64/00 Locating users or terminals or network equipment for network management purposes, e.g. mobility management

Abstract

In accordance with one or more embodiments of the present disclosure, a method for facilitating financial transactions over a network includes communicating with a user via a first mobile communication device over the network, obtaining a geo-location of the first mobile communication device, communicating with a merchant via a second mobile communication device over the network, obtaining a radius of coverage for the second mobile communication device, determining whether the geo-location of the first mobile communication device is within the radius of coverage of the second mobile communication device, and providing a listing to the first mobile communication device of one or more items for sale by the merchant when the first mobile communication device is within the radius of coverage of the second mobile communication device.

Claims

1. A method for facilitating financial transactions over a network, the method comprising:

communicating with a user via a first mobile communication device over the network;

obtaining a geo-location of the first mobile communication device;

communicating with a merchant via a second mobile communication device over the network;

obtaining a radius of coverage for the second mobile communication device;

determining whether the geo-location of the first mobile communication device is within the radius of coverage of the second mobile communication device; and

providing a listing to the first mobile communication device of one or more items for sale by the merchant when the first mobile communication device is within the radius of coverage of the second mobile communication device.

2. The method of claim 1, further comprising:

receiving one or more release parameters from the user via the First mobile communication device, the release parameters allowing release of geo-location information from the first mobile communication device;

receiving one or more search parameters from the user via the first mobile communication device, the search parameters identifying at least one specific item selected by the user; and

receiving one or more merchant parameters from the merchant via the second mobile communication device, the merchant parameters identifying the radius of coverage selected by the merchant.

3. The method of claim 1, further comprising:

verifying the identity of the user based on user information obtained from the first mobile communication device; and

verifying the identity of the merchant based on merchant information obtained from the second mobile communication device.

4. The method of claim 1, further comprising:

receiving a purchase request for at least one item on the listing from the user via the first mobile communication device; and

processing the purchase request on behalf of the user and the merchant.

5. The method of claim 1, further comprising:

maintaining at least one account for each of the user and the merchant.

wherein the accounts include account information related to the user and the merchant, and

wherein the account information comprises private financial information of the user and the merchant including at least one or more account numbers, passwords, credit card information, and banking information.

6. The method of claim 1, wherein the geo-location comprises information related to at least one of a zip-code and GPS coordinates including longitude and latitude coordinates.

7. The method of claim 1, wherein the radius of coverage comprises information related to at least one of an area of one or more zip-codes and an area of one or more GPS coordinates including longitude and latitude coordinates.

8. The method of claim 1, wherein providing a listing of one or more items for sale includes a list of products and services proffered for sale by the merchant.

9. The method of claim 1, wherein the network comprises at least one of a mobile communication network and the Internet.

10. The method of claim 1, wherein the first and second mobile communication devices comprise cellular phones.

11. A system for facilitating financial transactions over a network, the system comprising:

means for communicating with a user via a first mobile communication device over the network;

means for obtaining a geo-location of the first mobile communication device;

means for communicating with a merchant via a second mobile communication device over the network;

means for obtaining a radius of coverage for the second mobile communication device;

means for determining whether the geo-location of the first mobile communication device is within the radius of coverage of the second mobile communication device; and

means for providing a listing to the first mobile communication device of one or more items for sale by the merchant when the first mobile communication device is within the radius of coverage of the second mobile communication device.

12. The system of claim 11, further comprising:

means for receiving one or more release parameters from the user via the first mobile communication device, the release parameters allowing release of geo-location information from the first mobile communication device;

means for receiving one or more search parameters from the user via the first mobile communication device, the search parameters identifying at least one specific item selected by the user; and

means for receiving one or more merchant parameters from the merchant via the second mobile communication device, the merchant parameters identifying the radius of coverage selected by the merchant.

13. The system of claim 11, further comprising:

means for verifying the identity of the user based on user information obtained from the first mobile communication device; and

means for verifying the identity of the merchant based on merchant information obtained from the second mobile communication device.

14. The system of claim 11, further comprising:

means for receiving a purchase request for at least one item on the listing from the user via the first mobile communication device; and

means for processing the purchase request on behalf of the user and the merchant.

15. The system of claim 11, further comprising:

means for maintaining at least one account for each of the user and the merchant,

wherein the accounts include account information related to the user and the merchant, and

wherein the account information comprises private financial information of the user and the merchant including at least one or more account numbers, passwords, credit card information, and banking information.

16. The system of claim 11, wherein the geo-location comprises information related to at least one of a zip-code and GPS coordinates including longitude and latitude coordinates, and wherein the radius of coverage comprises information related to at least one of an area of one or more zip-codes and an area of one or more GPS coordinates including longitude and latitude coordinates.

17. The system of claim 11, wherein providing a listing of one or more items for sale includes a list of products and services proffered for sale by the merchant.

18. The system of claim 11, wherein the network comprises at least one of a mobile communication network and the Internet, and wherein the first and second mobile communication devices comprise cellular phones.

19. A computer readable medium on which are stored computer readable instructions and when executed operable to:

communicate with a user via a first mobile communication device over a network;

obtain a geo-location of the first mobile communication device over the network;

communicate with a merchant via a second mobile communication device over the network;

obtain a radius of coverage for the second mobile communication device over the network;

determine whether the geo-location of the first mobile communication device is within the radius of coverage of the second mobile communication device; and

provide a listing to the first mobile communication device over the network of one or more items for sale by the merchant when the first mobile communication device is within the radius of coverage of the second mobile communication device.

20. The computer readable medium of claim 19, further operable to:

receive one or more release parameters from the user via the first mobile communication device over the network, the release parameters allowing release of geo-location information from the first mobile communication device;

receive one or more search parameters from the user via the first mobile communication device over the network, the search parameters identifying at least one specific item selected by the user; and

receive one or more merchant parameters from the merchant via the second mobile communication device over the network, the merchant parameters identifying the radius of coverage selected by the merchant.