Back to results
US 12,112,371 B2Granted
System and method for facilitating a wireless financial transaction
AssigneeCfph, LLC
InventorsDarrin Michael Mylet, Lee M. Amaitis, Alan Brent Wilkins
Life of this patent
Estimating the term…
Abstract
A method for executing a wireless trade is provided that includes communicating with a handheld device via a wireless network and sending and receiving financial information to and from the handheld device. The financial information is associated with a trade that can be initiated by the handheld device. The method also includes authorizing the handheld device through location data, which is associated with a location of the handheld device, before executing the trade.
Claims13
An apparatus, comprising:
- a memory;
- at least one processor configured to:
- receive via a communications network an identifier associated with a base station in communication with a device, the base station being a component of the communications network;
- identify a geographic area associated with the identifier in a database;
- when the geographic area associated with the identifier is determined to be an area among at least one predefined area, permit the device to access real-time trading data and to execute all available types of trades over an unsecured communication protocol;
- when the geographic area associated with the identifier is determined to be an area not among the at least one predefined area, permit the device to execute a subset of the all available types of trades over a secure communication protocol;
- receive from the device a request to engage in a given trade;
- execute the given trade when the geographic area associated with the identifier is the area not among the at least one predefined area and a type of the given trade is one in the subset of the all available types of trades, or when the geographic area associated with the identifier is the area among the at least one predefined area;
- and
- maintain an audit trail of keystrokes entered via the apparatus.
7 more elements
An apparatus comprising:
- a memory;
- a network interface configured to communicate over a communications network;
- and
- at least one processor configured to:
- determine a location of a device;
- receive via the communications network an identifier associated with a base station in communication with the device, the base station being a component of the communications network;
- identify whether or not a geographic area associated with the identifier in a database is among at least one predefined area;
- when the geographic area is among the at least one predefined area, permit the device to access real-time trading data and to execute all types of trades over an unsecured communication protocol;
- when the geographic area is not among the at least one predefined area, permit the device to execute a subset of the all types of trades over a secure communication protocol;
- receive from the device, a request to engage in a given trade;
- execute the given trade when the geographic area is not among the at least one predefined area and a type of the given trade is one in the subset of the all types of trades, or when the geographic area is the at least one predefined area;
- and
- maintain an audit trail of keystrokes entered via the apparatus.
10 more elements
An apparatus, comprising:
- a memory;
- at least one processor configured to:
- receive via a communications network an identifier associated with a base station in communication with a device, the base station being a component of the communications network;
- identify a geographic area associated with the identifier in a database;
- when the geographic area associated with the identifier is determined to be an area among at least two predefined areas, permit the device to access real-time trading data and to execute all available types of trades over an unsecured communication protocol;
- when the geographic area associated with the identifier is determined to be an area not among the at least two predefined areas, place limitations on types of trades permitted over a secure communication protocol;
- receive from the device a request to engage in a given trade;
- execute the given trade when the geographic area associated with the identifier is the area not among the at least two predefined area and a type of the given trade is within the placed limitations, or when the geographic area associated with the identifier is the area among the at least two predefined areas;
- and
- maintain an audit trail of keystrokes entered via the apparatus.
7 more elements
Dependencies are inferred from the claim text.