Use verification code for validating an exchange item use request

US11341551B2 · kind B2 · utility

Assignee

• Raise Marketplace, LLC · US

Inventors

• David S. McGregor · Brooklyn, US
• Frank Zhengfan Yang · Chicago, US
• Tyler Robert Spalding · New York, US
• Trevor Filter · New York, US

Key dates

• Filing date: Jan 18, 2018
• Grant date: May 24, 2022
• Expiry date: Jan 24, 2039

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q2220/00
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A method includes a user device computing sending a use request regarding an exchange item to a merchant computing device. The method further includes the merchant computing device sending information representing the use request to a marketplace server. The method further includes the marketplace server identifying a user computing device that is associated with the exchange item. The method further includes the marketplace server generating a use verification code and sending it to the identified user computing device. When the user computing device is the identified user computing device, the method further includes the user computing device receiving the use verification code and sending to the merchant computing device. The method further includes the merchant computing device sending information representing the use verification code to the marketplace server. The method further includes the marketplace server approving the use request when the information representing the use verification code is validated.