System And Method For Implementing A Context Based Payment System

  • Published: Apr 1, 2014
  • Earliest Priority: Dec 22 2011
  • Family: 2
  • Cited Works: 0
  • Cited by: 16
  • Cites: 16
  • Additional Info: Full text

Disclosed herein is a context based payment system. Electronic currency or coupons can be made dependent on context, and the context can be one of location or geography, time, date, distance, sound, or other devices. The value of the currency exists only if a pre-condition is fulfilled. For example, if the currency is location dependent, the value only exists in a defined area (currency value area). The goods or the service in the value-system are also context dependent, that is, they can only be sold or offered in a defined area (product value area). Accordingly, if the product value area and the currency value area overlap, a purchase and payment can be made.

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  • Publication: Apr 1, 2014
  • Application: Dec 22, 2011
    US US 201113334503 A
  • Priority: Dec 22, 2011
    US US 201113334503 A

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