SYSTEM AND METHOD FOR LOCATION-BASED FINANCIAL TRANSACTION AUTHENTICATION

摘要

There is provided apparatus, systems and methods that secure payment systems and other financial transaction systems by integrating the location of the transaction into transaction (e.g. payment) authentication processing. One or more methods, apparatus and systems are provided for authenticating a financial transaction made by a payer using a financial transaction processing system such as a payment system. The location of the payer and at least a portion of the financial transaction processing system (e.g. a location of the point of transaction) are verified by an authentication system and confirmed by the payer using a payer communication device.

主权项

1. A method for authenticating a financial transaction, comprising:
sending to a payer communication device financial information including location information related to the financial transaction and requesting confirmation of the financial transaction in association with the location; receiving from the payer communication device the confirmation; and in accordance with the confirmation, approving further processing of the financial transaction.