System and method for approving transactions

Number of patents in Portfolio can not be more than 2000

United States of America Patent

PATENT NO 11831791
APP PUB NO 20210211311A1
SERIAL NO

17206689

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Abstract

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In a transaction between a merchant and a payer, approval of the transaction may be provided by a payment processing system using authentication information provided from a mobile device of the payer. The authentication information may include a location of the payer mobile device which may be compared to a location of a merchant payment device such that the transaction is approved if the payer mobile device is within a defined distance of the merchant payment device.

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First Claim

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Patent Owner(s)

Patent OwnerAddress
OL SECURITY LIMITED LIABILITY COMPANY160 GREENTREE DRIVE SUITE 101 DOVER DE 19904

International Classification(s)

Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Peterson, Robert W Plano, US 83 1423

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Maintenance Fees

Fee Large entity fee small entity fee micro entity fee due date
3.5 Year Payment $1600.00 $800.00 $400.00 May 28, 2027
7.5 Year Payment $3600.00 $1800.00 $900.00 May 28, 2031
11.5 Year Payment $7400.00 $3700.00 $1850.00 May 28, 2035
Fee Large entity fee small entity fee micro entity fee
Surcharge - 3.5 year - Late payment within 6 months $160.00 $80.00 $40.00
Surcharge - 7.5 year - Late payment within 6 months $160.00 $80.00 $40.00
Surcharge - 11.5 year - Late payment within 6 months $160.00 $80.00 $40.00
Surcharge after expiration - Late payment is unavoidable $700.00 $350.00 $175.00
Surcharge after expiration - Late payment is unintentional $1,640.00 $820.00 $410.00