System for location based transaction security
AssigneeCSR Technology Inc.
InventorsDaniel Babitch, Lionel Garin
Life of this patent
Estimating the term…
Abstract
A system for improving transaction security based on location information. The system includes a transaction processing center in communication with a first transaction device and a second transaction device. The transaction processing center includes a receiver that receives respective identification and location from at least one of the first and second transaction devices. The transaction processing center also includes a transaction processor that validates the identifications, validates the locations, and executes a transaction between the first and second transaction devices when the identifications and locations are validated.
Claims16
A system for improving transaction security, comprising:
- a first transaction device including:
- an identification processor for determining a first identification of the first transaction device,
- a positioning processor for determining a first location of the first transaction device,
- a transmitter for transmitting the first identification and the first location to a second transaction device,
- a receiver for receiving a second identification and a second location of the second transaction device,
- a transaction processor for executing a transaction with the second transaction device responsive to:
- an authorization being received from the second transaction device indicating that the first identification and the first location are validated by the second transaction device, and
- an authorization being transmitted to the second transaction device indicating that the second identification and the second location are validated by the first transaction device.
A system for improving transaction security, comprising:
- a first transaction device including:
- an identification processor for determining a first identification of the first transaction device,
- a positioning processor for determining a first location of the first transaction device,
- a GPS receiver for receiving GPS data from a GPS satellite,
- a transmitter for transmitting the first identification, the first location and the GPS data to a second transaction device,
- a transaction processor for executing a transaction with the second transaction device responsive to:
- the second transaction device authorizing the first transaction device by comparing the GPS data received from the first transaction device with other GPS data received by a GPS receiver from the GPS satellite at the second transaction device.
A system for improving transaction security, comprising:
- a first transaction device and a second transaction device;
- the first transaction device including:
- an identification processor for determining a first identification of the first transaction device,
- a positioning processor for determining a first location of the first transaction device,
- a transmitter for transmitting the first identification and the first location to the second transaction device,
- a transaction processor for executing a transaction with the second transaction device,
- the second transaction device including:
- an identification processor for determining a second identification of the second transaction device,
- a positioning processor for determining a second location of the second transaction device,
- a transmitter for transmitting the second identification and the second location to the first transaction device,
- a transaction processor for executing a transaction with the first transaction device,
- wherein the transaction is executed in response to a) the first identification and the first location being validated by the second transaction device, and b) the second identification and the second location being validated by the first transaction device.
Dependencies are inferred from the claim text.