Systems and methods for blockchain-based payment transactions, alerts, and dispute settlement, using a blockchain interface server

US11216788B1 · kind B1 · utility

Assignee

• Worldpay, LLC · US

Inventor

• Ramesh Vijayaraghavan · Mason, US

Key dates

• Filing date: Nov 30, 2017
• Grant date: Jan 4, 2022
• Expiry date: Jun 21, 2039

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q30/06
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Systems and methods are disclosed for blockchain-based payment transactions, alerts, and dispute settlement, using a blockchain interface server. One method includes: receiving a transaction identifier for a series of transaction events stored in a shared ledger; and performing iterations of: identifying a new transaction event in the series of transaction events; presenting the new transaction event to participants of the transaction; determining whether the identified new transaction event indicates a dispute of one or more attributes of the transaction by a transaction participant; if the identified new transaction event indicates a dispute, receiving a proposed change to the disputed attribute of the transaction by the participant of the transaction; presenting the indication of the dispute and the proposed change to other participants; prompting the other participants to respond to the indication; executing a dispute settlement process to determine revised attributes of the transaction; and presenting the revised attributes.