Prioritizing potential transaction counter-parties with social network content

US8738522B2 · kind B2 · utility

Assignee

• Google LLC · US

Inventors

• Travis Harrison Kroll Green · New York, US
• Narelle Cozens · New York, US
• Avery Pennarun · Montréal, CA
• Peter Schmitt · Jersey City, US
• Michael DePasquale · Rutherford, US
• Boris Mizhen · Brooklyn, US

Key dates

• Filing date: Apr 15, 2013
• Grant date: May 27, 2014
• Expiry date: Apr 15, 2033

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q50/01
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A user installs a Peer-to-Peer Payment Application (“PPA”) on their mobile device. The PPA transmits the location of the user device to a server located in a Peer-to-Peer Payment System (“PPS”). The PPS may search for other devices within a certain proximity to the user that may be active. The PPS may search the social network content of the user to determine if any of the proximate devices users are likely counter-parties. If more than one likely counter-party is identified, the PPS may rank the counter-parties according to a preconfigured set of factors that define the strength of the connection to the user. These factors may include their status in the user's social networks, frequency of contact, prior transactions, or other factors that further establish a relationship. The PPS may transmit the ranked list of likely counter-parties to the PPA for display to the user on the device.