SYSTEM AND METHOD FOR IMPLEMENTING A CONTEXT BASED PAYMENT SYSTEM
First Claim
1. A method for enabling location dependent exchanges of goods and services using a location dependent currency, comprising:
- verifying, at a currency server, that a product being offered for sale is within a predetermined product value area associated with the product;
receiving, at the currency server, an offer of location dependent currency in exchange for the product, wherein the location dependent currency is only valid within a predetermined currency value area; and
completing, at the currency server, the sale of the product in the predetermined product value area by exchanging location dependent currency for the product when the location of the product being offered for sale is within both the predetermined product area and the predetermined currency value area.
1 Assignment
0 Petitions
Accused Products
Abstract
Disclosed herein is a context based payment system. Electronic currency or coupons can be made dependent on context, and the context can be one of location or geography, time, date, distance, sound, or other devices. The value of the currency exists only if a pre-condition is fulfilled. For example, if the currency is location dependent, the value only exists in a defined area (currency value area). The goods or the service in the value-system are also context dependent, that is, they can only be sold or offered in a defined area (product value area). Accordingly, if the product value area and the currency value area overlap, a purchase and payment can be made.
41 Citations
32 Claims
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1. A method for enabling location dependent exchanges of goods and services using a location dependent currency, comprising:
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verifying, at a currency server, that a product being offered for sale is within a predetermined product value area associated with the product; receiving, at the currency server, an offer of location dependent currency in exchange for the product, wherein the location dependent currency is only valid within a predetermined currency value area; and completing, at the currency server, the sale of the product in the predetermined product value area by exchanging location dependent currency for the product when the location of the product being offered for sale is within both the predetermined product area and the predetermined currency value area. - View Dependent Claims (2, 3, 4, 5, 6, 7)
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8. A method for enabling purchases within a location based payment system, comprising:
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receiving, at a point of sale terminal disposed at a geographical location, information from a tag associated with a product for sale, the information including a product value area associated with the product; verifying, by the point of sale terminal, that the product is being sold within the product value area by comparing the geographical location of the point of sale terminal with the product value area; receiving, by the point of sale terminal, location dependent currency in proposed exchange for the product, wherein the location dependent currency has value only within a currency value area; verifying, by the point of sale terminal, that the geographical location of the point of sale terminal is within the currency value area; and completing a transaction of the product in exchange for the location dependent currency based upon results of the verifying steps. - View Dependent Claims (9, 10, 11, 12, 13, 14, 15)
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16. A method for enabling purchasing of location dependent products using location dependent currency, comprising:
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verifying, by an electronic wallet, that a product is within a valid product value area; and verifying, by the electronic wallet, that both sufficient location dependent currency is available for purchase of the product and that the electronic wallet is within a valid currency value area. - View Dependent Claims (17, 18, 19, 20, 21, 22, 23, 24, 25, 26)
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27. A system for enabling location dependent exchanges of goods and services using a location dependent currency, comprising:
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a currency server configured to verify that a product being offered for sale is within a predetermined product value area associated with the product, and wherein the currency server is further configured to receive an offer of location dependent currency in exchange for the product, wherein the location dependent currency is only valid within a predetermined currency value area, and further wherein the currency server is still further configured to complete the sale of the product in the predetermined product value area by exchanging location dependent currency for the product when the location of the product being offered for sale is within both the predetermined product area and the predetermined currency value area. - View Dependent Claims (28, 29, 30, 31, 32)
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Specification