20240020734. SYSTEMS AND METHODS FOR SELECTIVELY IMPLEMENTING AN ELECTRONIC TRANSACTION BASED ON PROXIMITY DETECTION OF A USER DEVICE simplified abstract (SMYLEE PTY LTD)

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SYSTEMS AND METHODS FOR SELECTIVELY IMPLEMENTING AN ELECTRONIC TRANSACTION BASED ON PROXIMITY DETECTION OF A USER DEVICE

Organization Name

SMYLEE PTY LTD

Inventor(s)

Skye Butler of South Coogee (AU)

Samuel Gribble of Brighton East (AU)

Rajesh Krishnan of Elwood (AU)

SYSTEMS AND METHODS FOR SELECTIVELY IMPLEMENTING AN ELECTRONIC TRANSACTION BASED ON PROXIMITY DETECTION OF A USER DEVICE - A simplified explanation of the abstract

This abstract first appeared for US patent application 20240020734 titled 'SYSTEMS AND METHODS FOR SELECTIVELY IMPLEMENTING AN ELECTRONIC TRANSACTION BASED ON PROXIMITY DETECTION OF A USER DEVICE

Simplified Explanation

The patent application describes a system that enables electronic transactions based on the proximity detection of a user device. The system includes a central server and a user device with a user interface (UI) for receiving parameters and communicating with the central server. The user device also has a location module for tracking its location by the central server. The system allows for the conditional pre-authorization of electronic transactions based on primary parameters (user device proximity to a location within a predefined time) and secondary parameters (bid amount and recipient).

  • The system enables electronic transactions based on the proximity detection of a user device.
  • The user device has a UI for receiving parameters and communicates with a central server.
  • The user device's location can be tracked by the central server.
  • Electronic transactions can be conditionally pre-authorized based on primary and secondary parameters.
  • Primary parameters include the user device's proximity to a location within a predefined time.
  • Secondary parameters include the bid amount and recipient for the electronic transaction.

Potential Applications:

  • Mobile payment systems that require proximity to a specific location for transaction authorization.
  • Auction platforms where bids are only valid if the user is within a certain distance of the auction location.
  • Access control systems that grant entry to a location based on the user's proximity.

Problems Solved:

  • Ensures that electronic transactions are only authorized if the user device is within a specific distance of a location.
  • Provides a mechanism to conditionally pre-authorize transactions based on both proximity and secondary parameters.

Benefits:

  • Enhanced security by requiring physical proximity for transaction authorization.
  • Increased convenience for users by allowing them to participate in transactions remotely.
  • Enables location-based bidding and access control systems.


Original Abstract Submitted

a system is provided for selectively implementing an electronic transaction based on proximity detection of a user device. the electronic transaction includes primary parameters in the form of the user device being within a distance of a location by a predefined time, and secondary parameters in the form of a bid amount and a bid recipient. the system includes a central server and the user device having a ui configured to receive secondary parameters and being in communication with the central server. the user device further includes a location module for selective location tracking of the user device by the central server. primary and secondary parameters are transmitted to the central server and the central server conditionally pre-authorizes the electronic transaction such that if the primary parameters are not met, the electronic transaction is implemented based on the secondary parameters.

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