Computing system implementing a network transaction service

1. A computer system implementing a network transaction service, the computer system comprising:

a network communication interface;

one or more processors; and

a memory storing instructions that, when executed by the one or more processors, cause the computer system to:

receive, via the network communication interface, position information indicating a current location of a user of the network transaction service from a computing device of the user;

based on the position information, generate map content for display on the computing device of the user, the map content indicating locations of a plurality of merchants within a vicinity of the current location of the user that utilize the network transaction service;

receive, via the network communication interface, a transaction request from the computing device of the user, the transaction request indicating a transaction amount and a specified merchant of the plurality of merchants;

connect, via the network communication interface, to a computer terminal of the specified merchant in the transaction request;

transmit, via the network communication interface, a message to the computer terminal of the specified merchant, the message indicating that the user is utilizing the network transaction service for the transaction request; and

based on the transaction request, execute a remote transaction operation to transfer funds from a shared account of the network transaction service to a merchant account of the specified merchant to fulfill the transaction request.

2. The computer system of claim 1 , wherein the position information is received from a positioning system of the computing device of the user, and wherein the executed instructions further cause the computer system to:

based on the position information, confirm that the user is co-located with the specified merchant prior to executing the remote transaction operation.

3. The computer system of claim 1 , wherein the executed instructions further cause the computer system to:

receive, from the computer terminal of the specified merchant via the network communication interface, a confirmation that the specified merchant authorizes use of the network transaction service to fulfill the transaction request from the user; and

based on the confirmation, transmit, via the network communication interface, a notification to the computing device of the user, the notification indicating that the transaction request has been authorized.

4. The computer system of claim 1 , wherein the executed instructions further cause the computer system to:

transmit, via the network communication interface, an electronic receipt corresponding to the transaction request to the computing device of the user.

5. The computer system of claim 1 , wherein the executed instructions further cause the computer system to:

receive, via the network communication interface, a pre-authorization from a financial entity corresponding to a customer account of the user for the transaction amount indicated in the transaction request;

wherein the executed instructions cause the computer system to remotely transfer the transaction amount from the customer account to the shared account based on the pre-authorization.

6. The computer system of claim 1 , wherein the computer system processes the transaction request from the user without the user and the specified merchant communicating directly with one another.

7. A non-transitory computer readable medium storing instructions for managing a network transaction service, wherein the instructions, when executed by one or more processors of a computer system, cause the computer system to:

receive, via a network communication interface, position information indicating a current location of a user of the network transaction service from a computing device of the user;

based on the position information, generate map content for display on the computing device of the user, the map content indicating locations of a plurality of merchants within a vicinity of the current location of the user that utilize the network transaction service;

receive, via the network communication interface, a transaction request from the computing device of the user, the transaction request indicating a transaction amount and a specified merchant of the plurality of merchants; and

based on the transaction request, execute a remote transaction operation to transfer funds from a shared account of the network transaction service to a merchant account of the specified merchant to fulfill the transaction request;

wherein the computer system processes the transaction request from the user without the user and the specified merchant communicating directly with one another.

8. The non-transitory computer readable medium of claim 7 , wherein the position information is received from a positioning system of the computing device of the user, and wherein the executed instructions further cause the computer system to:

based on the position information, confirm that the user is co-located with the specified merchant prior to executing the remote transaction operation.

9. The non-transitory computer readable medium of claim 7 , wherein the network communication interface further remotely connects the computer system to a computer terminal of the specified merchant.

10. The non-transitory computer readable medium of claim 9 , wherein the executed instructions further cause the computer system to:

transmit, via the network communication interface, a message to the computer terminal of the specified merchant, the message indicating that the user is utilizing the network transaction service for the transaction request.

11. The non-transitory computer readable medium of claim 10 , wherein the executed instructions further cause the computer system to:

receive, from the computer terminal of the specified merchant via the network communication interface, a confirmation that the specified merchant authorizes use of the network transaction service to fulfill the transaction request from the user; and

based on the confirmation, transmit, via the network communication interface, a notification to the computing device of the user, the notification indicating that the transaction request has been authorized.

12. The non-transitory computer readable medium of claim 7 , wherein the executed instructions further cause the computer system to:

transmit, via the network communication interface, an electronic receipt corresponding to the transaction request to the computing device of the user.

13. The non-transitory computer readable medium of claim 7 , wherein the executed instructions further cause the computer system to:

receive, via the network communication interface, a pre-authorization from a financial entity corresponding to a customer account of the user for the transaction amount indicated in the transaction request;

wherein the executed instructions cause the computer system to remotely transfer the transaction amount from the customer account to the shared account based on the pre-authorization.

14. A computer-implemented method of managing a network transaction service, the method being performed by one or more processors and comprising:

receiving, via a network communication interface, position information indicating a current location of a user of the network transaction service from a computing device of the user;

based on the position information, generating map content for display on the computing device of the user, the map content indicating locations of a plurality of merchants within a vicinity of the current location of the user that utilize the network transaction service;

receiving, via the network communication interface, a transaction request from the computing device of the user, the transaction request indicating a transaction amount and a specified merchant of the plurality of merchants;

connecting, via the network communication interface, to a computer terminal of the specified merchant in the transaction request;

transmitting, via the network communication interface, a message to the computer terminal of the specified merchant, the message indicating that the user is utilizing the network transaction service for the transaction request; and

based on the transaction request, executing a remote transaction operation to transfer funds from a shared account of the network transaction service to a merchant account of the specified merchant to fulfill the transaction request.

15. The method of claim 14 , wherein the position information is received from a positioning system of the computing device of the user, the method further comprising:

based on the position information, confirming that the user is co-located with the specified merchant prior to executing the remote transaction operation.