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US Patent 12062038 Anonymous payment transactions

Patent 12062038 was granted and assigned to Block on August, 2024 by the United States Patent and Trademark Office.

OverviewStructured DataIssuesContributors

Contents

Is a
Patent
Patent
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Patent attributes

Patent Applicant
Block
Block
0
Current Assignee
Block
Block
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Patent Jurisdiction
United States Patent and Trademark Office
United States Patent and Trademark Office
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Patent Number
120620380
Patent Inventor Names
Nathan P. McCauley0
Yun Chi0
Rong Yan0
Date of Patent
August 13, 2024
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Patent Application Number
178930880
Date Filed
August 22, 2022
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Patent Citations
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US Patent 7376587 Method for enabling transfer of funds through a computer network
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US Patent 7580719 SMS+: short message service plus context support for social obligations
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US Patent 7606734 Wide area network person-to-person payment
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US Patent 7620404 Methods and apparatus for organizing and presenting contact information in a mobile communication system
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US Patent 7694287 Schema-based dynamic parse/build engine for parsing multi-format messages
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US Patent 7783537 Method and apparatus for conditional payment to a seller
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US Patent 8010601 Contiguous location-based user networks
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US Patent 6839566 Method and apparatus for time-based reception of transmissions in a wireless communication system
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...
Patent Primary Examiner
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John W Hayes
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CPC Code
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G06Q 20/3274
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G06Q 20/3276
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G06Q 20/3278
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G06Q 20/385
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G06Q 20/40
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G06Q 20/401
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G06Q 20/4037
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G06Q 20/383
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Patent abstract

Technology is disclosed for transferring money anonymously between a sender and a recipient by use of a one-time use token. The method includes generating a one-time use token account for association with a one-time use token. The method includes generating the token and providing the token to the sender device in a machine-readable and transferable format. The method includes receiving a request to charge the one-time use token account after the token has been provided to the recipient device as a form of payment for a transaction. The method includes determining that an amount of the transaction is less than an amount of funds associated with the token and that the time of the transaction is within a time period for the use of the token. The method includes facilitating a transfer to the recipient account and deducting the amount of the transaction from a sender account.

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