| 摘要 |
The present invention in a preferred embodiment provides systems and methods for validating monetary transaction using location information of a user, wherein the system comprises, a) a transaction validation server; b) a location information server; c) a data input device; and d) a processing mechanism; wherein, a user shall provide transaction information using the data input device and geographical location information of the data input device which is stored in the location information server shall be compared against a geographical location information of a pre-registered user-owned electronic device, and wherein the geographical location information of a pre-registered user-owned electronic device is also stored in the location information server and based on the comparative results of the processing mechanism the transaction validation server shall validate or invalidate a monetary transaction. |
