Intelligent and firm currency conversion

US7747475B1 · kind B1 · utility

Assignee

• AMAZON TECHNOLOGIES, INC. · US

Inventors

• Mary Kay Bowman · Seattle, US
• Eileen Tracey Quenin · Seattle, US
• Thomas L. Kovarik · Woodinville, US
• Srinivas K. Rao · Issaquah, US
• Rohit Jain · New Delhi, IN
• Nitesh Goyal · Noida, IN

Key dates

• Filing date: Sep 5, 2008
• Grant date: Jun 29, 2010
• Expiry date: Sep 7, 2028

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/04
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

This disclosure pertains to techniques for intelligent selection of a currency preference for a user and conversion of monetary values to the preferred currency for transactions entered into by the user. The conversion is performed using a firm exchange rate that is derived from a market exchange rate, but guaranteed for a period of time during which the transaction is anticipated to be completed.