SYSTEM AND METHOD FOR APPROVING TRANSACTIONS

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United States of America Patent

SERIAL NO

12629937

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Abstract

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In a transaction between a merchant and a payer, approval of the transaction may be provided by a payment processing system using authentication information provided from a mobile device of the payer. The authentication information may include a location of the payer mobile device which may be compared to a location of a merchant payment device such that the transaction is approved if the payer mobile device is within a defined distance of the merchant payment device.

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Patent Owner(s)

Patent OwnerAddress
OL SECURITY LIMITED LIABILITY COMPANY160 GREENTREE DRIVE SUITE 101 DOVER DE 19904

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Peterson, Robert W Plano, US 84 1475

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