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AssigneeMastercard International Incorporated
InventorsTanika Gupta, Shoorvir Gupta, Anshul Pandey
Estimating the term…
A positional-based transaction payment preauthorization system includes an electronic payment processing center (EPPC) communicating with a mobile computing device (MCD) associated with at least one payment card account (PCA), a data store containing merchant physical location information records, the EPPC configured to acquire positional information of the MCD, access the merchant location records, compare the mobile computing device positional information with the merchant location records, identify whether at least one merchant has a location within a predefined distance of the MCD, if at least one merchant is identified, then calculate a spend propensity prediction for the at least one PCA, provide to an issuer bank of the at least one PCA the identified merchant and the spend prediction, receive from the issuer bank a preauthorization associated with a respective one of the at least one PCA, and provide the preauthorization to the MCD. A method and computer-readable medium are disclosed.
A system for preauthorization of a transaction payment based on positional information, the system comprising:
A method of preauthorization of a transaction payment based on positional information, the method comprising:
A non-transitory computer readable medium having stored thereon instructions which when executed by a control processor cause the control processor to perform a method of preauthorization of a transaction payment based on positional information, the method comprising:
Dependencies are inferred from the claim text.