Mobile communication device for conducting financial transactions

Abstract

The present invention advantageously combines communications aspects of mobile devices with financial transaction system capabilities in a novel manner. This advantageous combination enables a user to automatically initiate a financial transaction with a merchant upon the user being located in a particular geographic vicinity. Numerous types of transactions can be enabled using the present invention.

What is claimed is: 
     
         1 . A mobile communication device comprising:
 a global positioning system module configured to use a global positioning system to determine a current geographic location of the mobile communication device;   an interface to accept a user-inputted geographic location and to accept a user-inputted transaction amount for a financial transaction;   a payment module configured to automatically initiate the financial transaction over a network with said determined current geographic location being within a particular distance of said user-inputted geographic location; and   a communication interface configured, upon the financial transaction having been initiated, to wirelessly transmit authentication details to the network to charge the user-inputted transaction amount against a particular amount.   
     
     
         2 . The device of  claim 1 , wherein said interface is a graphical user interface for accepting said user-inputted geographic location. 
     
     
         3 . The device of  claim 2 , wherein said graphical user interface is configured to display a map. 
     
     
         4 . The device of  claim 1 , further comprising a map server to provide a map to said device. 
     
     
         5 . The device of  claim 1 , wherein said payment module is configured to poll for a wireless connection to initiate the financial transaction.