Patent ID: 8438066
Filing Date: 2013-05-07
Classification: G06Q

Abstract:
1. A method for authenticating a geo-fencing payment, comprising: receiving, by a point-of-sale (POS) device based on a wireless protocol of the geo-fencing payment, a first payment account number associated with a first mobile device of a first consumer, wherein the first payment account number is sent automatically to the POS device without user intervention when the first mobile device is within a pre-determined range of the POS device, wherein the pre-determined range is based on the wireless protocol of the geo-fencing payment; receiving, by the POS device, a security code and an identifier of a merchandise that are inputted into the POS device by the first consumer; determining that the first mobile device is within the pre-determined range when the security code and the identifier of the merchandise are received; submitting, by the POS device, to a computer server and in response to the determining, a first merchandise order comprising a payment amount of the merchandise, the first payment account number, and the security code; and receiving, by the POS device and in response to submitting the first merchandise order, an authorization to release the merchandise to the first consumer, wherein the authorization is received from the computer server in response to processing the geo-fencing payment to pay for the first merchandise based on the first payment account number, and wherein the geo-fencing payment is authenticated by matching the first payment account number and the security code based on a first consumer profile of the first consumer stored in the computer server.