System and method for authorizing a payment transaction

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United States of America Patent

PATENT NO 9852416
SERIAL NO

13829132

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Abstract

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A method for authorizing a mobile payment transaction is provided. The method includes receiving, by a server, a request to authorize a payment transaction which originates from a point of sale (POS) module. In an embodiment, the request includes payment information of the payment transaction and location information of the POS module. When the request is received, an authorizing client device for the payment transaction is identified based on the payment information and a disposition of the request to authorize the payment transaction is determined based on whether the authorizing client device is located within a predetermined proximity to the POS module.

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Patent Owner(s)

Patent OwnerAddress
LOOKOUT INCONE FRONT STREET SUITE 2700 SAN FRANCISCO CA 94111

International Classification(s)

Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Buck, Brian James Livermore, US 148 7188
Mahaffey, Kevin Patrick San Francisco, US 110 11207

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Maintenance Fees

Fee Large entity fee small entity fee micro entity fee due date
7.5 Year Payment $3600.00 $1800.00 $900.00 Jun 26, 2025
11.5 Year Payment $7400.00 $3700.00 $1850.00 Jun 26, 2029
Fee Large entity fee small entity fee micro entity fee
Surcharge - 7.5 year - Late payment within 6 months $160.00 $80.00 $40.00
Surcharge - 11.5 year - Late payment within 6 months $160.00 $80.00 $40.00
Surcharge after expiration - Late payment is unavoidable $700.00 $350.00 $175.00
Surcharge after expiration - Late payment is unintentional $1,640.00 $820.00 $410.00