Patent attributes
A method for processing financial requests, including: identifying an approval criterion and a predefined proximity for approving financial requests; receiving, from a mobile device of a merchant, a financial request including merchant-provided data, where the merchant-provided data includes an address of the merchant; receiving a location coordinate from the mobile device; determining, by a computer processor, that the location coordinate is within the predefined proximity of the address of the merchant; identifying, by the computer processor, at least a portion of the merchant-provided data required to evaluate the approval criterion; evaluating, by the computer processor, the approval criterion using the portion of the merchant-provided data; determining, based on evaluating the approval criterion, that the approval criterion is satisfied; and approving the financial request in response to determining that the location coordinate is within the predefined proximity and determining that the approval criterion is satisfied.
