Systems and methods for transaction pre-authentication

Abstract

Systems, methods, and computer-readable media are provided for mobile-based transaction pre-authorization. One example method comprises receiving, from a device (such as a mobile device), a pre-authorization request including at least selection of a payment method, and generating a pre-authorization for a purchase based on the selected payment method. The method further comprises receiving a transaction request, determining whether the received transaction request is associated with the pre-authorization, and processing the transaction request based on the determination. Systems and computer-readable media implementing the above method are also provided. User interfaces are also provided for enabling the use of such methods, systems, and computer-readable media on, for example, mobile devices.

What is claimed is: 
     
         1 . A system for authorizing transactions, comprising:
 at least one processing device; and   at least one storage medium comprising instructions that when executed cause the at least one processing device to perform a method comprising:
 receiving, over a network, a transaction request from a first device, the transaction request comprising a merchant location, a requested payment method, and a transaction amount; 
 determining, via a global positioning system, that the merchant location is within a threshold distance of a location of a second device that generated a pre-authorization for a transaction, wherein the pre-authorization comprises a pre-authorized amount for a pre-authorized payment method; 
 determining, based on comparing the requested payment method and the pre-authorized payment method, that the transaction request matches the pre-authorization; and 
 in response to determining that the transaction request matches the pre-authorization, processing the transaction request for the transaction. 
   
     
     
         2 . The system of  claim 1 , wherein receiving the transaction request comprises receiving the transaction request from the first device associated with a merchant. 
     
     
         3 . The system of  claim 1 , wherein the pre-authorization further comprises a pre-authorized location. 
     
     
         4 . The system of  claim 3 , wherein the method performed by the at least one processing device further comprises:
 receiving, from the second device, location data indicative of a current location of the second device, wherein the second device is associated with a user.   
     
     
         5 . The system of  claim 3 , wherein the pre-authorized location is associated with the merchant location. 
     
     
         6 . The system of  claim 1 , wherein the pre-authorization comprises a pre-authorized validity period. 
     
     
         7 . The system of  claim 6 , wherein the method performed by the at least one processing device further comprises:
 receiving, from the second device, a timestamp associated with the transaction request, the timestamp comprising a date;   determining whether the date is within the pre-authorized validity period; and   processing the transaction request when the date is within the pre-authorized validity period.   
     
     
         8 . The system of  claim 1 , wherein processing the transaction request comprises transmitting an indication that the transaction request is approved to a financial service provider associated with the requested payment method. 
     
     
         9 . The system of  claim 1 , wherein the pre-authorized payment method is selected by a user via a mobile wallet application on the second device. 
     
     
         10 . The system of  claim 1 , wherein the method performed by the at least one processing device further comprises:
 determining that the transaction request does not match the pre-authorization; and   processing the transaction request when a fraud score associated with the transaction request is less than a threshold.   
     
     
         11 . A computer-implemented method for authorizing a transaction, comprising:
 receiving, over a network, a transaction request for the transaction from a first device, the transaction request comprising a merchant location, a requested payment method, and a transaction amount;   determining, via a global positioning system, that the merchant location is within a threshold distance of a location of a second device, wherein the second device generates a pre-authorization for the transaction, wherein the pre-authorization comprises a pre-authorized amount for a pre-authorized payment method;   determining, based on comparing the requested payment method and the pre-authorized payment method, that the transaction request matches the pre-authorization; and   in response to determining that the transaction request matches the pre-authorization, processing the transaction request for the transaction.   
     
     
         12 . The computer-implemented method of  claim 11 , further comprising:
 receiving, from the second device, location data indicative of a current location of the second device, wherein the second device is associated with a user.   
     
     
         13 . The computer-implemented method of  claim 11 , wherein the transaction request further comprises at least one of a geographic location, a validity period, or an indication of a merchant. 
     
     
         14 . The computer-implemented method of  claim 11 , further comprising:
 determining whether the transaction is within a percentage of the pre-authorized amount.   
     
     
         15 . The computer-implemented method of  claim 14 , wherein the percentage is associated with an estimated tax on the pre-authorized amount. 
     
     
         16 . The computer-implemented method of  claim 15 , wherein the percentage is pre-configured by a user associated with the pre-authorization. 
     
     
         17 . The computer-implemented method of  claim 11 , further comprising:
 determining, based on a balance associated with the requested payment method, whether processing the transaction request will cause the balance to exceed a credit limit associated with the requested payment method; and   processing the transaction request when the credit limit is not exceeded.   
     
     
         18 . The computer-implemented method of  claim 11 , wherein the pre-authorized payment method is selected by a user via a mobile wallet application on the second device. 
     
     
         19 . The computer-implemented method of  claim 11 , further comprising:
 determining that the transaction request does not match the pre-authorization; and   processing the transaction request when a fraud score associated with the transaction request is less than a threshold.   
     
     
         20 . A non-transitory computer-readable medium system comprising instructions that, when executed by one or more processors, cause operations for authorizing a transaction, comprising:
 receiving, over a network, a transaction request for the transaction from a first device, the transaction request comprising a merchant location, a requested payment method, and a transaction amount;   determining, via a global positioning system, that the merchant location is within a threshold distance of a location associated with a user of a second device that generated a pre-authorization for the transaction, wherein the pre-authorization comprises a pre-authorized amount for a pre-authorized payment method;   determining, based on comparing the requested payment method and the pre-authorized payment method, that the transaction request matches the pre-authorization; and   in response to determining that the transaction request matches the pre-authorization, processing the transaction request for the transaction.