Anonymous payment transactions
US10963868B1 · kind B1 · utility
Assignee
Inventors
Key dates
| Filing date | Sep 9, 2014 |
| Grant date | Mar 30, 2021 |
| Priority date | — |
| Expiry date | Mar 9, 2037 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q20/383
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
Technology is disclosed for transferring money anonymously between a sender and a recipient by use of a token. In some embodiments, the disclosed technology involves communication between a mobile payment application (“App”) and a payment service system (PSS). Upon the recipient's request, the App, installed on the recipient's device, generates the token, and provides the token to both the recipient and the PSS. The PSS receives both the token and the recipient's identification information from the App, associates the token with the identification information, and stores such association. The recipient, on the other hand, transfers the token to the sender, who forwards it to the PSS to request a money transfer. The PSS receives the token and identifies the recipient's identification information based on the previously stored association with the token. With the identification information, the PSS determines the recipient's financial account to execute the money transfer.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.