Decentralized guaranteed stored value transfer system and method
US8271380B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | Apr 19, 2006 |
| Grant date | Sep 18, 2012 |
| Priority date | — |
| Expiry date | Jul 2, 2028 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q20/10
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
System and methods for facilitating the settlement of financial accounts across different entities utilize a host computer system that tracks financial transactions made at each merchant location or store and uses this information to reconcile accounts across different entities. In one embodiment, for redemption transactions that occurred within one of the entities other than where the associated account was activated, the host computer system is configured to prepare a request to transfer a redemption amount to a central account from an entity account associated with where the account was activated, and to prepare a request to transfer less than the redemption amount from the central account to an entity account associated with where the redemption transaction occurred.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.