System and method for incorporating one-time tokens, coupons, and reward systems into merchant point of sale checkout systems
US10580049B2 · kind B2 · utility
Assignee
Inventor
Key dates
| Filing date | Oct 30, 2012 |
| Grant date | Mar 3, 2020 |
| Priority date | — |
| Expiry date | Nov 12, 2033 |
Classification
- Technology area (CPC H)Electricity
- CPC primaryH04L63/168
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A method for incorporating one-time-tokens, coupon and reward systems in conjunction with merchants' POS checkout systems in the physical or virtual environments includes providing a consumer computing device comprising an electronic wallet application, providing a One-time Token Redemption System (OTRS) and user electronic wallet accounts, logging into a user electronic wallet account through the electronic wallet application, sending a request for a one-time token valid for a specified time interval and then forwarding the request for the one-time token to the OTRS and upon approval sending the requested one-time token from the OTRS to the electronic wallet application. Next, presenting and entering the one-time token into a merchant point of sale checkout system within the specified time interval via the consumer computing device, sending the entered one-time token to a checkout application, and then processing payment via a secure payment application.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.