METHOD AND SYSTEM FOR AUTHORIZING TRANSACTIONS BASED ON DEVICE LOCATION
Aspects of a method and system for authorizing network transactions based on device location are provided. In this regard, a request may be received to approve a transaction that was initiated from a first communication device and comprises a need to access an account. In response to the request, a second communication device that is associated with the account may be determined, and it may be determined whether to approve the transaction based on received data relating to the identity and location of the second communication device. The transaction may be associated with the second communication device via a database stored on the location server. The transaction may be approved in instances that the first communication device is in a location associated, via the database, with the second communication device. The transaction may be approved in instances that the first communication device is in substantially the same location as the second communication device.
1 . A method for networking, the method comprising:
in connection with a location server:
receiving a request to approve a transaction, wherein said transaction was initiated from a first communication device and comprises a need to access an account;
determining a second communication device associated with said account;
receiving data relating to an identity and location of said second communication device; and
determining whether to approve said transaction based on said data relating to said identity and location of said second communication device.
2 . The method according to claim 1 , wherein said transaction is associated with said second communication device via a database stored on said location server.
3 . The method according to claim 2 , comprising approving said transaction in instances that said first communication device is in a location associated, via said database, with said second communication device.
4 . The method according to claim 1 comprising approving said transaction in instances that said first communication device is in substantially the same location as said second communication device.
5 . The method according to claim 1 , wherein said first communication device is an automated teller machine or point-of-sale terminal.
6 . The method according to claim 1 , wherein said transaction comprises an electronic payment or funds transfer from a financial account.
7 . The method according to claim 6 , comprising determining whether to approve said transaction based on rules and/or preferences established by a provider of said financial account.
8 . The method according to claim 1 , comprising determining whether to approve said transaction based on rules and/or preferences established for a location based services account associated with said second communication device.
9 . The method according to claim 1 , comprising receiving said request from a server that is processing said transaction.
10 . The method according to claim 9 , comprising communicating a result of said determination to said server that is processing said transaction.
11 . The method according to claim 1 , wherein said data relating to an identity and location of said second communication device is received from a trusted subsystem within said second communication device.
12 . A system for networking, the system comprising:
one or more circuits and/or processors for use in connection with a location server, said one or more circuits and/or processors being operable to:
receive a request to approve a transaction, wherein said transaction was initiated from a first communication device and comprises a need to access an account;
determine a second communication device associated with said account;
receive data relating to an identity and location of said second communication device; and
determine whether to approve said transaction based on said data relating to an identity and location of said second communication device.
13 . The system according to claim 12 , wherein said transaction is associated with said first communication device via a database stored on said location server.
14 . The system according to claim 13 , wherein said one or more circuits are operable to approve said transaction in instances that said first communication device is in a location associated, via said database, with said second communication device.
15 . The system according to claim 12 wherein said one or more circuits are operable to approve said transaction in instances that said first communication device is in substantially the same location as said second communication device.
16 . The system according to claim 12 , wherein said first communication device is an automated teller machine or point-of-sale terminal.
17 . The system according to claim 12 , wherein said transaction comprises an electronic payment or funds transfer from a financial account.
18 . The system according to claim 17 , wherein said one or more circuits are operable to determine whether to approve said transaction based on rules and/or preferences established by a provider of said financial account.
19 . The system according to claim 12 , wherein said one or more circuits are operable to determine whether to approve said transaction based on rules and/or preferences established for a location based services account associated with said second communication device.
20 . The system according to claim 12 , wherein said one or more circuits are operable to receive said request from a server that is processing said transaction.
21 . The system according to claim 20 , wherein said one or more circuits are operable to communicate a result of said determination to said server that is processing said transaction.
22 . The system according to claim 12 , wherein said data relating to an identity and location of said second communication device is received from a trusted subsystem within said second communication device.