Local usage of electronic tokens in a transaction processing system
US10380585B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | May 31, 2012 |
| Grant date | Aug 13, 2019 |
| Priority date | — |
| Expiry date | Jun 21, 2035 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q20/384
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A method for the use of electronic transactional tokens includes: generating a plurality of transactional tokens including a first token; associating each of the transactional tokens with a plurality of users, the first token associated with a first user; monitoring usage of the transactional tokens in a plurality of transactions in a local region or network; and in response to receiving transactional data for the first transaction, updating the first token from a first state to a second state (e.g., to provide a benefit when the token is applied in the local region or network). The tokens may be generated and monitored using a token processing system, which uses transaction data received by a transaction handler that is handling transaction processing for the transactions.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.