Patent ID: 7669760
Filing Date: 2010-03-02
Classification: G06Q,H04L,H04M,H04W

Abstract:
1. A method of completing a transaction, the method comprising: receiving, at a transaction terminal of a retail location, an account identifier associated with a user attempting to complete a transaction and a transaction amount; determining that a predetermined condition related to the transaction is satisfied, wherein the predetermined condition is satisfied at least when the transaction amount exceeds a predetermined amount; receiving, by a location verification module integrated with the transaction terminal, information related to a location of a device associated with the account identifier; comparing, by the location verification module integrated with the transaction terminal, the location of the device associated with the account identifier to the location of the transaction terminal; determining, by the location verification module integrated with the transaction terminal, that the location of the device is outside a predetermined range surrounding the location of the transaction terminal; and canceling the transaction prior to transmitting an authorization request to a transaction validation system.