Patent ID: 8706557
Filing Date: 2014-04-22
Classification: G06Q

Abstract:
1. A computing system having at least one microprocessor and memory storing instructions configured to instruct the at least one microprocessor to perform operations, the computing system comprising: a transaction handler configured to process payment transactions in a payment processing network and generate transaction data recording the payment transactions processed by the transaction handler; a portal configured to communicate with a mobile application executing in a mobile device having a communication device and a global positioning system receiver, the mobile application configured to instruct the global positioning system receiver to determine a position of the mobile device while the mobile device is positioned in vicinity of a transaction terminal of a merchant, the mobile application further configured to authenticate the merchant represented by a merchant identifier, wherein after the merchant is authenticated via the mobile application, the portal is configured to communicate with the mobile application via the communication device to receive the position from the mobile application and to provide an account number to the mobile application for initiation of a transaction on the transaction terminal; a data warehouse coupled with the portal and the transaction handler to store: wherein the computing system is further configured via the instructions to identify the transaction record having the account number, extract the terminal identifier from the transaction record, identify the merchant information associated with the account number in the data warehouse, and store in the data warehouse second data associating the terminal identifier with the merchant information.