System and method for controlling financial transactions over a wireless network

摘要

A system and method for controlling financial transactions is disclosed. A customer, using a wireless device, identifies a point of sale and the amount of a transaction at that point of sale is first communicated to a central service and then transmitted to the wireless device for display at the wireless device. The customer can either accept the transaction amount to complete the transaction or reject the amount to cancel the transaction. The customer may have to enter a password or personal identification number to verify the authorization to use the wireless financial system. The customer is billed for the transaction via credit, debit, ATM or other methods, such as the wireless carrier or an internet provider.

主权项

1. A method comprising, at a server system:
receiving location data from a wireless device, the location data being indicative of a geographic area in which the wireless device is located; determining merchant data based at least in part on the location data, the merchant data being indicative of one or more merchants in the geographic area; transmitting the merchant data to the wireless device, thereby to cause information relating to the one or more merchants to be displayed on a display of the wireless device; receiving item data from the wireless device, the item data identifying at least one item at a selected merchant, the selected merchant being one of the one or more merchants; transmitting transaction data to the wireless device, the transaction data including a transaction amount based at least in part on the item data, thereby to cause the transaction amount to be displayed on the display of the wireless device; receiving authorization data from the wireless device, the authorization data relating to the transaction amount; extracting payment information data from a profile of a user of the wireless device, the profile being stored at the server system; and responsive to the receiving authorization data, arranging payment of the transaction amount to the selected merchant using the payment information data.