Location based transaction

Abstract

A method for executing a wireless trade is provided that includes communicating with a handheld device via a wireless network and sending and receiving financial information to and from the handheld device. The financial information is associated with a trade that can be initiated by the handheld device. The method also includes authorizing the handheld device through location data, which is associated with a location of the handheld device, before executing the trade.

1 . An apparatus, comprising:
 at least one processor; and   at least one memory device electronically coupled to the at least one processor, wherein the memory device stores instructions which, when executed by the at least one processor, direct the at least one processor to:   determine that a location of a device is within an approved area,
 wherein a user of the device is permitted to engage in transactions of items via the device when the device is used by the user within approved areas, 
 wherein the user is not permitted to engage in transactions of items s via the device when the device is used by the user within unapproved areas, and 
 wherein the apparatus is operable to communicate with the device via a communications network; 
   receive from the user via the device, while the location of the device is within the approved area, a request to engage in a transaction of an item; and   based at least in part on determining that the location of the device is within the approved area, execute the transaction of the item;   subsequent to determining that the location of the device is within the approved area, determine that a location of the device is within an unapproved area;   receive from the user via the device, while the location of the device is within the unapproved area, a request to engage in another transaction of an item; and   based at least in part on determining that the location of the device is within the unapproved area, not execute the another transaction of the item.   
     
     
         2 . The apparatus of  claim 1 , wherein the device comprises at least one of: a personal data assistant, a laptop, a mobile station, a personal computer (PC), a mobile phone, a handheld device, and a table PC. 
     
     
         3 . The apparatus of  claim 1 ,
 wherein the instructions, when executed by the at least one processor, further direct the at least one processor to receive from the device information related to the location of the device; and   wherein to determine that the location of the device is within the approved area comprises to determine that the location of the device is within the approved area based at least in part on the information received from the device.   
     
     
         4 . The apparatus of  claim 3 , wherein the information received from the device is determined by the device through a use of at least one of: global positioning satellite technology and triangulation. 
     
     
         5 . The apparatus of  claim 1 , wherein to determine that the location of the device is within the approved area comprises to determine the location of the device through a use of triangulation. 
     
     
         6 . The apparatus of  claim 1 , wherein to determine that the location of the device is within the approved area comprises to determine the location of the device through a use of geo-fencing. 
     
     
         7 . A method, comprising:
 determining, by at least one server, that a location of a device is within an approved area,
 wherein a user of the device is permitted to engage in transactions of items via the device when the device is used by the user within approved areas, 
 wherein the user is not permitted to engage in transactions of items via the device when the device is used by the user within unapproved areas, and 
 wherein the at least one server is communicating with the device via a communications network; 
   receiving, by the at least one server, from the user via the device, while the location of the device is within the approved area, a request to engage in a transaction of an item;   executing, by the at least one server, the transaction of the item based at least in part on determining that the location of the device is within the approved area;   determining, by the at least one server, that a location of the device is within an unapproved area subsequent to determining that the location of the device is within the approved area;   receiving, by the at least one server, from the user via the device, while the location of the device is within the unapproved area, a request to engage in another transaction of an item; and   not executing, by the at least one server, the another transaction of the item based at least in part on determining that the location of the device is within the unapproved trading area.   
     
     
         8 . The method of  claim 7 , wherein the device comprises at least one of: a personal data assistant, a laptop, a mobile station, a personal computer (PC), a mobile phone, a handheld device, and a table PC. 
     
     
         9 . The method of  claim 7 ,
 wherein the method further comprises receiving from the device information related to the location of the device; and   wherein determining that the location of the device is within the approved area comprises determining that the location of the device is within the approved area based at least in part on the information received from the device.   
     
     
         10 . The method of  claim 9 , wherein the information received from the device is determined by the device through a use of at least one of: global positioning satellite technology and triangulation. 
     
     
         11 . The method of  claim 7 , wherein determining that the location of the device is within the approved area comprises determining the location of the device through a use of triangulation. 
     
     
         12 . The method of  claim 7 , wherein determining that the location of the device is within the approved area comprises determining the location of the device through a use of geo-fencing.