- Patent Title: Local usage of electronic tokens in a transaction processing system
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Application No.: US17948881Application Date: 2022-09-20
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Publication No.: US11748748B2Publication Date: 2023-09-05
- Inventor: Theodore Harris , Patrick Faith
- Applicant: Visa International Service Association
- Applicant Address: US CA San Francisco
- Assignee: Visa International Service Association
- Current Assignee: Visa International Service Association
- Current Assignee Address: US CA San Francisco
- Agency: THE WEBB LAW FIRM
- Main IPC: G06Q20/38
- IPC: G06Q20/38 ; G06Q20/12 ; G06Q20/20 ; G06Q20/32 ; G06Q20/34

Abstract:
A method for the use of electronic transactional tokens includes: generating a plurality of transactional tokens including a first token; associating each of the transactional tokens with a plurality of users, the first token associated with a first user; monitoring usage of the transactional tokens in a plurality of transactions in a local region or network; and in response to receiving transactional data for the first transaction, updating the first token from a first state to a second state (e.g., to provide a benefit when the token is applied in the local region or network). The tokens may be generated and monitored using a token processing system, which uses transaction data received by a transaction handler that is handling transaction processing for the transactions.
Public/Granted literature
- US20230016565A1 Local Usage of Electronic Tokens in a Transaction Processing System Public/Granted day:2023-01-19
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