Geofenced payments

A computer system comprising:

• a processor and non-transitory machine readable media having instructions stored thereon that, when executed by the processor, cause the processor to:
• detecting, a mobile device associated with an entity entering a geographic location;
• monitor, via a tracking device, a position of the entity within the geographic location;
• determine movements of the entity within the geographic location based on monitoring the position of the entity;
• identify an action performed by the entity within the geographic location based on the movements of the entity;
• determine an amount of a payment based on the action, the amount of the payment configured to at least one of increase or decrease based on the movements of the entity within the geographic location;
• detecting the mobile device exiting the geographic location;
• and
• transfer, in response to determining the amount of the payment and the entity exiting the geographic location, the payment via a payment network.

A computer-implemented method comprising:

• detecting, by a processor, a mobile device associated with an entity entering a geographic location;
• monitoring, by the processor via a tracking device, a position of the entity relative to a plurality of areas within the geographic location;
• determining, by the processor, movements of the entity within the geographic location based on monitoring the position of the entity with respect to the plurality of areas within the geographic location;
• identifying, by the processor, an action performed by the entity within the geographic location based on the movements of the entity;
• determining, by the processor, an amount of a payment based on the action, the amount of the payment configured to at least one of increase or decrease based on the movements of the entity within the geographic location;
• detecting, by the processor, the mobile device exiting the geographic location;
• sending, by the processor, a transfer of funds request to a source account bank computer system associated with a second entity, wherein the transfer of funds request includes a request to transfer funds associated with the amount of the payment;
• and
• transferring, by the processor, the payment to an account associated with the second entity via a payment network.