Use verification code for validating an exchange item use request

US11769186B2 · 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: Apr 26, 2022
• Grant date: Sep 26, 2023
• Expiry date: Apr 26, 2042

Classification

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

Abstract

A method for execution by a marketplace server includes receiving a use request regarding an exchange item from a merchant computing device, the exchange item is associated with static exchange item information. The method includes retrieving a verified device identifier associated with the exchange item based on the use request and identifying a user computing device based on the verified device identifier. The method includes generating first dynamic exchange item information based on the static exchange item information and generating a use verification code based on the first dynamic exchange item information and the use request. The method includes sending the use verification code to the identified user computing device and receiving information representing the use verification code from the merchant computing device. The method includes validating the information representing the use verification code and when valid, sending an approval indication regarding the use request to the merchant computing device.