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WO2013054350A3 - System and method for location based verification of transactions - Google Patents

System and method for location based verification of transactions Download PDF

Info

Publication number
WO2013054350A3
WO2013054350A3 PCT/IN2012/000532 IN2012000532W WO2013054350A3 WO 2013054350 A3 WO2013054350 A3 WO 2013054350A3 IN 2012000532 W IN2012000532 W IN 2012000532W WO 2013054350 A3 WO2013054350 A3 WO 2013054350A3
Authority
WO
WIPO (PCT)
Prior art keywords
transactions
location based
account
based verification
transaction
Prior art date
Application number
PCT/IN2012/000532
Other languages
French (fr)
Other versions
WO2013054350A2 (en
Inventor
Bipin Prabhakar DESHPANDE
Original Assignee
Deshpande Bipin Prabhakar
Priority date (The priority date is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the date listed.)
Filing date
Publication date
Application filed by Deshpande Bipin Prabhakar filed Critical Deshpande Bipin Prabhakar
Publication of WO2013054350A2 publication Critical patent/WO2013054350A2/en
Publication of WO2013054350A3 publication Critical patent/WO2013054350A3/en

Links

Classifications

    • G—PHYSICS
    • G06—COMPUTING OR CALCULATING; COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/30—Payment architectures, schemes or protocols characterised by the use of specific devices or networks
    • G06Q20/32—Payment architectures, schemes or protocols characterised by the use of specific devices or networks using wireless devices
    • G06Q20/322—Aspects of commerce using mobile devices [M-devices]
    • G06Q20/3224—Transactions dependent on location of M-devices
    • G—PHYSICS
    • G06—COMPUTING OR CALCULATING; COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/38—Payment protocols; Details thereof
    • G06Q20/40—Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
    • G06Q20/401—Transaction verification
    • G06Q20/4015—Transaction verification using location information

Landscapes

  • Business, Economics & Management (AREA)
  • Engineering & Computer Science (AREA)
  • Accounting & Taxation (AREA)
  • Physics & Mathematics (AREA)
  • Strategic Management (AREA)
  • General Business, Economics & Management (AREA)
  • General Physics & Mathematics (AREA)
  • Theoretical Computer Science (AREA)
  • Finance (AREA)
  • Computer Security & Cryptography (AREA)
  • Computer Networks & Wireless Communication (AREA)
  • Financial Or Insurance-Related Operations Such As Payment And Settlement (AREA)
  • Storage Device Security (AREA)

Abstract

A system and method to validate access to a transactional account is provided. The system and method verifies physical presence of a rightful owner/user of a confidential account (for e.g. monetary account) with a transaction location before processing the transaction, thereby preventing fraudulent transactions.
PCT/IN2012/000532 2011-07-29 2012-07-30 System and method for location based verification of transactions WO2013054350A2 (en)

Applications Claiming Priority (2)

Application Number Priority Date Filing Date Title
IN2168/MUM/2011 2011-07-29
IN2168MU2011 2011-07-29

Publications (2)

Publication Number Publication Date
WO2013054350A2 WO2013054350A2 (en) 2013-04-18
WO2013054350A3 true WO2013054350A3 (en) 2013-07-04

Family

ID=47599140

Family Applications (1)

Application Number Title Priority Date Filing Date
PCT/IN2012/000532 WO2013054350A2 (en) 2011-07-29 2012-07-30 System and method for location based verification of transactions

Country Status (1)

Country Link
WO (1) WO2013054350A2 (en)

Families Citing this family (3)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US9256752B2 (en) 2014-01-07 2016-02-09 Microsoft Technology Licensing, Llc Product authorization with cross-region access
GB2526264A (en) * 2014-05-09 2015-11-25 Trakcel Ltd Verification method and system
US11475441B2 (en) 2018-07-25 2022-10-18 Netspective Communications Llc Blockchain-enabled service delivery evidence system

Citations (3)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US20080162346A1 (en) * 2007-01-03 2008-07-03 Bellsouth Intellectual Property Corporation User terminal location based credit card authorization servers, systems, methods and computer program products
US7866544B1 (en) * 2002-11-26 2011-01-11 Diebold Self-Service Systems Division Of Diebold, Incorporated Card reading automated banking machine authorization based on user location verification
US20110078043A1 (en) * 2009-09-25 2011-03-31 Dojin Ra Payment and transfer management system using wireless communication network or internet and method thereof

Patent Citations (3)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US7866544B1 (en) * 2002-11-26 2011-01-11 Diebold Self-Service Systems Division Of Diebold, Incorporated Card reading automated banking machine authorization based on user location verification
US20080162346A1 (en) * 2007-01-03 2008-07-03 Bellsouth Intellectual Property Corporation User terminal location based credit card authorization servers, systems, methods and computer program products
US20110078043A1 (en) * 2009-09-25 2011-03-31 Dojin Ra Payment and transfer management system using wireless communication network or internet and method thereof

Also Published As

Publication number Publication date
WO2013054350A2 (en) 2013-04-18

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