USING A FINANCIAL INSTITUTION BASED ACCOUNT FOR ULTRA-LOW LATENCY TRANSACTIONS
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United States of America Patent
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Issued Date -
Jun 7, 2012
app pub date -
Oct 28, 2009
filing date -
Oct 28, 2009
priority date (Note) -
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Abstract
A system and method is illustrated for a reader to receive account data associated with an account managed by a financial institution, the account to be accessed to pay an amount associated with an ultra-low latency transaction. The system and method may also include a receiver to receive an instruction authorizing completion of the ultra-low latency transaction, the instruction generated based upon a comparison of the account data to an entry in a list that includes a plurality of account data. Additionally, the system and method may include a mechanism to allow completion of the ultra-low latency transaction.
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