Systems and methods for managing electronic transactions

US11727394B2 · kind B2 · utility

Assignee

• PAYPAL, INC. · US

Inventors

• Nitin Prabhu · San Jose, US
• Meghna Singh · Santa Clara, US
• John Michael Box · Harpenden, GB
• Avik Chatterjee · Narayanpur, IN

Key dates

• Filing date: May 6, 2021
• Grant date: Aug 15, 2023
• Expiry date: May 6, 2041

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q30/0215
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Methods and systems are presented for providing comprehensive payment transaction services through a digital wallet. The digital wallet enables a user to conduct an electronic transaction with a merchant or another user. In one aspect, the digital wallet may modify a payment arrangement of the electronic transaction. For example, the digital wallet may determine a first payment arrangement that specifies one or more financial instruments and a payment deferral time period for the electronic transaction. Subsequent to processing the electronic transaction, the digital wallet may determine a different, second payment arrangement for the electronic transaction. The digital wallet may modify the electronic transaction based on the second payment arrangement without canceling the electronic transaction. In another aspect, the digital wallet may manage rewards by dynamically withholding rewards, releasing the rewards, and/or distributing at least portions of the rewards to different users.