Invention Grant
- Patent Title: Decentralized computer systems and methods for using a debit network as an intermediary between distributed ledgers
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Application No.: US17303263Application Date: 2021-05-25
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Publication No.: US11574333B2Publication Date: 2023-02-07
- Inventor: Chandra Olson
- Applicant: Worldpay, LLC
- Applicant Address: US OH Symmes Township
- Assignee: Worldpay, LLC
- Current Assignee: Worldpay, LLC
- Current Assignee Address: US OH Symmes Township
- Agency: Bookoff McAndrews, PLLC
- Main IPC: G06Q30/00
- IPC: G06Q30/00 ; G06Q30/02 ; G06Q20/38 ; G06Q20/26

Abstract:
Decentralized computer systems and methods are disclosed for using a debit network as an intermediary between distributed ledgers. One method includes: receiving, at a first blockchain network from a merchant, transaction information comprising a consumer identification, an issuer identification from a payment vehicle presented for a transaction, and a transaction amount in resources of a first type, wherein the merchant and/or its acquirer are participants of the first blockchain network but the consumer and/or issuer are not participants of the first blockchain network; sending the transaction information to a debit network; identifying, using the debit network, a second blockchain network having the consumer and/or the issuer as participants, using the received consumer identification or issuer identification; and if participants of the second blockchain network accept the transaction, generating a new immutable entry to the second blockchain network indicating a change in the resources of a second type.
Public/Granted literature
Information query