Assured payment system using delayed transaction queue

US11625709B1 · kind B1 · utility

Assignee

• Pushpay IP Limited · NZ

Inventors

• Alex E. Henderson · Hillsborough, US
• Matthew Amidon · Redmond, US
• Leonie Wise · Auckland, NZ
• Karl Prosser · Monroe, US
• Josh Robb · Auckland, NZ

Key dates

• Filing date: May 26, 2021
• Grant date: Apr 11, 2023
• Expiry date: May 26, 2041

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q20/401
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Systems and methods are provided for triggering delayed transaction processing when certain transaction gateway problems are detected across a number of transactions. To complete a given transaction, a processing system may coordinate transfer of funds in a manner that includes communications among multiple third-party systems, such as a tokenization service or token vault, a payment gateway, and a bank or credit card processor. When there are connectivity or other problems with one of these other systems, a system and associated methods are provided for selectively delaying a subset of transactions while still providing some assurance to the transaction requestor and recipient that the transaction will proceed.