Method and system for improving client server transmission over fading channel with wireless location and authentication technology via electromagnetic radiation

An electronic system for facilitating location based e-commerce activities, the system comprising:

• a memory device for storing financial account information;
• a location determining device that determines location information comprising respective geographic positions of a plurality of wireless devices;
• and
• a secure communications device that uses a unique short range electromagnetic radiation communication identifier corresponding to the wireless device in connection with establishing a secure communication channel for transmitting the financial account information for payment regarding a commercial transaction wherein the location information of one or more of the plurality of wireless devices is used to correlate the one or more wireless device to the commercial transaction;
• wherein the commercial transaction comprises a group transaction with a price discount for a transaction party participating the group transaction.

A terminal device, comprising:

• a processor;
• an identification unit for retaining a unique short range electromagnetic radiation communication identifier unique to the terminal device;
• a memory, the memory containing program code executable by the processor to perform operations comprising:
• receiving a commercial transaction related information;
• wherein the commercial transaction related information comprises information about a group transaction with a price discount for a transaction party participating the group transaction;
• wherein the commercial transaction related information is correlated with location of the terminal device;
• sending information about the commercial transaction;
• applying the short range electromagnetic radiation communication identifier unique to the terminal device in connection with establishing a secure communication channel for transmitting payment information for the commercial transaction;
• and
• receiving confirmation information regarding the commercial transaction.

A method for facilitating electronic communication among transaction parties, the method comprising:

• receiving, from at least one item supply party, at least an offer of a group transaction for an item or service with a price discount for a transaction party participating the group transaction;
• receiving location related information of a client terminal of the transaction party;
• sending information pertaining to the group transaction, including a time limit of the group transaction, to the client terminal of the transaction party, based on a correlation between the group transaction and location of the client terminal of the transaction party;
• receiving information about the group transaction from the client terminal of the transaction party;
• and
• providing confirmation information regarding the group transaction, the confirmation information being provided in connection with communication of payment information regarding the group transaction through a secure communication channel, the payment information is associated with a wireless terminal with a unique short range electromagnetic radiation communication identifier.

The method of 29, wherein the client terminal comprising a user application for communication of transaction information including one or more of:

• a. supply information,
• b. an item requested,
• c. time limit of group formation,
• d. request or requirement relating to group formation,
• e. a group inclusion request message pertaining to group formation event;
• f. a transaction message indicating one or more items requested;
• g. acceptance of the suggested supply transaction or confirmation of the transaction;
• h. market competition information;
• i. modification on transaction information such as group formation request or requirement for group transaction;
• j. payment information.

An electronic commerce system comprising:

• means for receiving, from at least one item or service supply party, at least one group transaction offer for an item or service with a price discount for a transaction party participating the group transaction;
• means for receiving location related information from a client terminal of the transaction party;
• means for sending information pertaining to the group transaction offer including a time limit for the group transaction, to the client terminal of the transaction party, based on a correlation between the group transaction offer and location of the client terminal;
• means for receiving information about the group transaction from the client terminal;
• means for providing the client terminal with confirmation information for the group transaction, the confirmation information being provided in connection with communication of payment information regarding the group transaction through a secure communication channel, the payment information for the group transaction is associated with a user's wireless terminal with a unique short range electromagnetic radiation communication identifier.

An electronic system for facilitating location based e-commerce activities, the system comprising:

• a memory device configured to store financial account information, the financial account information is associated with a wireless terminal with a unique short range electromagnetic radiation communication identifier;
• a location determining device that determines location information comprising respective geographic positions of a plurality of client terminals;
• a secure communications device that transmits the financial account information for payment regarding a commercial transaction through a secure communication channel;
• wherein the location information of the client terminal is used to correlate the one or more client terminals to the commercial transaction;
• wherein the commercial transaction comprises a group transaction with a price discount for a transaction party participating the group transaction.

A non-transitory computer readable medium configured for facilitating electronic communication among transaction parties, non-transitory computer readable medium storing program code that is executable to perform operations comprising:

• receiving, from at least one item supply party, at least an offer of a group transaction for an item or service with a price discount for a transaction party participating the group transaction;
• sending information pertaining to the group transaction, including a time limit of the group transaction, to a client terminal of the transaction party, based on a correlation between the group transaction and location of the client terminal of the transaction party;
• and
• receiving information about the group transaction from the client terminal;
• and
• providing confirmation information for the group transaction, the confirmation information being provided in connection with communication of payment information regarding the group transaction through a secure communication channel, the payment information is associated with a wireless terminal with a unique short range electromagnetic radiation communication identifier.

A non-transitory computer readable medium configured for facilitating location based electronic commerce, non-transitory computer readable medium storing program code that is executable to perform operations comprising:

• sending commercial transaction related information to the wireless device based on a correlation between the commercial transaction related information and location of a wireless device;
• wherein the commercial transaction related information comprises information about a group transaction with a price discount for a participating party;
• receiving information about the commercial transaction from the wireless device;
• and
• providing the wireless device with confirmation information for the commercial transaction;
• the conformation information being provided in connection with communication, through a secure communication channel, of payment information for the commercial transaction after recognition of a unique short range electromagnetic radiation communication identifier corresponding to the wireless device.