Method and system for secure mobile payment of a vendor or service provider via a demand draft

Apparatus for validating payment from a Consumer to a Vendor or Service-Provider process, the apparatus comprising:

• at least one processor;
• and
• at least one storage device storing processor-executable instructions which, when executed by at least one processor, perform a method of:
• accepting geolocation information associated with the request;
• comparing the geolocation Consumer information associated with the payment with geolocation information associated with the Vendor or Services Provider;
• determining whether a time-synchronized one-time use password generated by software on a handheld device is valid;
• determining whether a unique ID of a Consumer and Vendor or Service Provider is valid;
• wherein the geolocation associated with the Consumer and Vendor or Service Provider corresponds to an area within close proximity.

A computer-implemented method for controlling serving of a Consumer to Vendor or Service-Provider payment system, via a third party intermediary using demand drafts and/or electronic delivery of funds, and the method comprising:

• accepting, by a computer system or mobile device or cell phone, geolocation information associated with the request;
• comparing, by the computer system, the accepted geolocation information associated with the payment;
• determining, by the computer system, the validity of the payment from the Consumer to the Service-Providers based on the location of the Consumer and Service-Provider;
• controlling, by the computer system, the serving of the Consumer's payment and geolocation-based information, for delivery/rendering on a client device, using the determined validity of the payment;
• determining, by the computer system, whether the Consumer's geolocation at the time of payment is within the acceptable radius of the Vendor's or Service-Provider's area of service;
• determining, by the computer system, whether the Consumer, during the time of purchase, has provided a valid time-synchronized one-time uses password that has been generated by the hand held device;
• determining, by the computer system, whether the Consumer, during the time of purchase, is in good standing with a third party before a demand draft is created or delivered or funds are wired electronically;
• determining, by the computer system, whether the Consumer, during the time of purchase, has funds available for a purchase in an account accessible via a unique identification number, before a demand draft is created or delivered;
• determining, by the computer system, whether the gift card holder, during the time of purchase, has funds available for a purchase in a gift card account accessible via a unique identification number, before a demand draft is created or delivered or funds are wired electronically;
• if it is determined that the Vendor or Service-Providers returned the unique ID of both Consumer's, Vendor's, and Service Provider's are validated, and the status of the Consumer as well as the funds available if a prepaid account or gift card is used;

A computer-implemented method for controlling serving of a Consumer to Service-Provider payment system and the method comprising:

• determining, by the computer system, whether the Consumer, during the time of purchase, has provided a valid time-synchronized one-time use password that has been generated by the hand held device;
• accepting, by a computer system or mobile device or cell phone, geolocation information associated with the request;
• comparing, by the computer system, the accepted geolocation information associated with the payment;
• determining, by the computer system, the validity of the payment from the Consumer to the Service-Providers based on the location of the Consumer and Service-Provider;