Performing actions based on the location of mobile device during a card swipe
US10198731B1 · kind B1 · utility
Assignee
Inventors
Key dates
| Filing date | Feb 18, 2014 |
| Grant date | Feb 5, 2019 |
| Priority date | — |
| Expiry date | Feb 18, 2034 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q20/34
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
Various embodiments are related to apparatuses and methods for basing actions on a location of a card swipe. A computer system receives information indicative of a location of a mobile device associated with a customer at a time corresponding to a swipe of a payment card at a card reader of a merchant. The location information can indicate, for example, the location of the mobile device as being at a GPS coordinate, or at a merchant's place of business. When the location information indicates that the mobile device and the card swipe are located near to each other, or are both located at the same merchant's place of business, a reduced level of fraud analysis can be used when authorizing the purchase transaction. A targeted ad can be sent to a mobile device associated with the customer based on the location of the card reader used for the card swipe.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.