Systems and methods for translating a gesture to initiate a financial transaction

A method, comprising:

• responsive to detecting a waking spatial gesture and determining that the payee transaction device is within the predetermined proximity of a payor transaction device in a sleep mode configured only for detecting the waking spatial gesture and determining that the payee transaction device is within the predetermined proximity of the payor transaction device, transitioning, by the payor transaction device, the payor transaction device from the sleep mode to a ready mode configured for detecting one or more predetermined spatial gestures within a predetermined time threshold;
• when a first payor spatial gesture of the one or more predetermined spatial gestures is detected by the payor transaction device within the predetermined time threshold:
• initiating, by the payor transaction device, a transfer of funds from the payor financial account to a payee financial account in response to detecting the first payor spatial gesture, wherein the first payer spatial gesture corresponds to an initiate-payment gesture of the one or more predetermined spatial gestures;
• generating, by the payor transaction device, a first transaction identifier associated with the transfer of funds in response to detecting the first payor spatial gesture;
• and
• transmitting, by the payor transaction device, the first transaction identifier to the payee transaction device.

A payor transaction device for conducting gesture-based transactions using an associated payor financial account, the payor transaction device comprising:

• one or more processors;
• a memory coupled to the one or more processors and storing instructions that, when executed by the one or more processors, cause the payor transaction device to:
• detect a waking spatial gesture;
• detect a proximity signal transmitted from a payee transaction device;
• determine, by the processor, that a payee transaction device is within a predetermined proximity of the payor transaction device;
• wherein the sleep mode is configured for only detecting the waking spatial gesture and detecting the proximity signal transmitted from the payee transaction device;
• responsive to detecting a waking spatial gesture by the motion detecting device and determining that a payee transaction device is within a predetermined proximity of the payor transaction device in a sleep mode configured only for detecting the waking spatial gesture and determining that the payee transaction device is within the predetermined proximity of the payor transaction device, transition from the sleep mode to a ready mode configured for detecting one or more predetermined spatial gestures;
• when a first payor spatial gesture of the one or more predetermined spatial gestures is detected:
• initiate a transfer of funds from the payor financial account to a payee financial account in response to detecting the first payor spatial gesture, wherein the first payer spatial gesture corresponds to an initiate-payment gesture of the one or more predetermined spatial gestures;
• generate a first transaction identifier associated with the transfer of funds in response to detecting the first payor spatial gesture;
• and
• transmit the first transaction identifier to the payee transaction device.