METHOD AND SYSTEM FOR AUTHORIZING TRANSACTIONS BASED ON RELATIVE LOCATION OF DEVICES

摘要

Aspects of a method and system for authorizing transactions based on relative location of devices are provided. In this regard, data relating to a location of a first communication device and data relating to a location of a second communication device may be received, a distance between the first communication device and the second communication device may be determined based on the received data, and whether to approve a transaction may be determined based on the determined distance. The transaction may have been initiated from one of the first communication device and the second communication device, and may comprise a need to access an account. The transaction may be approved in instances that the first communication device and the second communication device are within a predetermined distance of each other. The received data may comprise distance information determined via communications between the first communication device and the second communication device.