Automatic authentication and funding method

A computer-implemented location-based transaction management method, comprising:

• receiving, by an overseer service/administration facility processor, a request from a controller entity processor to manage transactions on behalf of the controller entity, wherein the controller entity comprises an entity that wishes to control purchase transactions of users with which the controller entity has a relationship, wherein the request comprises a list of merchant partners and associated locations of the merchant partners, information regarding a user with which the controller entity has a relationship, and purchase restrictions, wherein receiving comprises the controller processor communicating with the overseer processor via a network;
• in response to the request, the overseer processor generating a payment token for the user on behalf of the controller entity;
• the overseer processor receiving a purchase request from the user via a user electronic communication device when the user wishes to make a purchase according to terms of the relationship;
• in response to the request, the overseer processor,
• determining a location of the user comprising determining a location of a user mobile communication device;
• and
• funding the purchase request if the location matches one of the associated locations of the merchant partners based on information related to the purchase request.