JPMORGAN CHASE BANK, N.A. (New York, NY)
These systems and techniques are used to facilitate digital wallets for transit payments. One embodiment describes a method of managing transit payments with the use of a digital wallet. This includes (1) receiving, via a receiver associated with a vehicle, first communications from a mobile electronic device associated with a traveler, which could comprise an identification of the payment device that is linked to a traveler’s digital wallet; (2) receiving from the receiver and at the second location of the vehicle another communication at the conclusion of the journey; (3) computing a price based on a distance between the first and second vehicle positions; (4) The computer processor submits an automatic request to the instrument issuer
1. Field of the Invention
The invention is generally applicable to systems and methods for digital wallet transit payments.
2. Description of Related Art
Many users pay for transportation services by linking their accounts with their mobile phones. Uber customers will be charged for the cost to the payment method of record after completing an excursion. This is determined by distance, time and the demand.
These systems and techniques are designed for digital wallet transit payments. One embodiment describes a method of managing transit payments with a digital wallet. This includes (1) receiving from a receiver connected to a vehicle at a firstvehiclelocation, a first message sent by an electronic device on mobile to a person traveling with an instrument for payment the first communication prior to when the traveler starts a trip in the vehicle; (2) receiving from the receiver and , at the second location, a second communication via the mobile device at the end of the journey; (3) computing a cost based on the calculated traveled distance and (4) making an inquiry to the issuer of the payment instrument.
One possible embodiment could include identification details about the traveler. A biometric for the traveler could be included in the identification data.
In one particular embodiment, the method may further include the verification of identity of the traveler based on the identity information.
One possible embodiment could use the location of the mobile devices in order to identify where the vehicles are of the first and second vehicles.
In one particular embodiment, the computer processor is located far from the vehicle and the receiver communicates the first message and the second message to the processor through an internet-based communication network.
According to another embodiment, a method for managing transit payments using a digital wallet may include (1) a mobile application executed by a mobile electronic device comprising at least one computer processor communicating, to a receiverassociated with a vehicle, a first communication comprising an identification of a payment instrument from a digital wallet, the first communication received before the traveler begins a trip in the vehicle at a first vehicle location; (2) the mobileapplication receiving a fare structure for the trip from the receiver; (3) the mobile application using a location-sensing device in the mobile electronic device to monitor the vehicle’s trip progress; (4) the mobile application calculating,substantially in real-time, a current estimated fare based on the fare structure and the vehicle’s trip progress; (5) the mobile application displaying trip data based on the trip progress and the fare data, the trip data comprising a current vehiclelocation and a current estimated fare; (6) the mobile application communicating, to the receiver, a second communication at a conclusion of the trip at a second vehicle location; (7) the mobile application displaying an expected total fare based on thefare structure and a distance traveled between the first vehicle location and the second vehicle location; and (8) the mobile application receiving an actual fare charge for the trip.
One embodiment of the method involves the mobile app determining that the actual cost is greater than the anticipated total cost by a predetermined amount and immediately submitting a dispute form to the issuer of the financial instrument. One example permits the submission of a claim via a digital wallet application which is run on the mobile electronic device.
One option is for the mobile application to receive the actual charge from the app connected to the digital wallet or from the issuer of financial instrument, etc.
One possible embodiment could also contain details about the traveler’s identity.
In one instance the identification data could include at least one traveler biometric.
According to another embodiment the method of managing the payment for transit using digital wallets may involve (1) receiving at a first receiver situated at an entry point to a transportation system, a first message from a mobile electronic deviceassociated with a person traveling, containing an identification of a credit card instrument from a traveler’s digital wallet (2) receiving, at a second receiver situated at the exit of the transit system, a subsequent message via the mobile electronic device following the conclusion of the journey (3) an transit system computer processor that calculates an amount based on the location of the first receiver and the position of the second receiver, and a fare structure and (4) the computer processor of the transit system sending atransaction request for the fare to the issuer of the instrument of payment.
One example could contain the traveler’s identification number. The biometric of the traveler may be part of the identification information.
A specific embodiment of the method could also incorporate the processor of the system for transit verifying the identity of the passenger using the identification data.
One embodiment of the method may also comprise the processor of the transit system that sends fare information to mobile electronic devices.
One embodiment of the method may also involve the processor of the transit system receiving a dispute-related notice from the provider of the payment instrument.
Click here to view the patent on USPTO website.
Get Patents with PatentPC
What is a patent?
A patent is granted by the government to safeguard an invention, patents grant the inventor exclusive rights to use, create and sell the invention?society gains when a new technology is brought into the marketplace. The benefits can be in directly, in that it allows people to do previously impossible things, or indirectly due to the opportunities for economic growth (business growth and employment) that innovation provides.
Many pharmaceutical companies and university researchers seek protection from patents in their research and development. A patent can cover a physical or abstract product or process, or even the method or mixture of materials unique to the area. Patent protection is granted to an invention that is useful, novel, and not previously known to others in the same field.
Patents reward inventors who have commercially viable inventions. They act as a motivator for inventors to create. Small businesses and inventors are certain that they will receive the most return from the investment they make in technology development via patents. They could earn a decent income through their work.
Patents are a crucial part of firms and can be used to:
Protect your innovative products and services
Improve the value, the visibility, and attractiveness of your products on the market
Make your company and products stand out from others.
Access technical and business knowledge and data;
Be careful not to accidentally use third-party content or you could lose valuable data, creative outputs, and other outputs.
Patents transform inventor’s knowledge into an asset that can be sold, which creates new opportunities to create jobs by licensing joint ventures and joint ventures.
Investors in the commercialization and development of technology will find small businesses with patent protection more appealing.
Patenting can lead to the development of fresh ideas and innovative inventions. The information you create may be eligible for patent protection.
Patents are a way to stop untrustworthy third parties from profiting from the invention’s efforts.
Patent-protected technology revenue that is commercially profitable can be used to fund technological research and development (R&D) that will improve the chances of a better technology in the near future.
It is possible to use intellectual property ownership to convince investors and lenders that your product is a viable commercial potential. Sometimes, one powerful patent can open the door to multiple financing options. Patents can be used along with other IP assets as collateral or security financing. You can also show investors your patent assets to boost company valuation. Forbes and others have noted that each patent can add between $500,000 and one million dollars to your company’s valuation.
Start-ups require a well-constructed business plan that is built on the IP to demonstrate that your product/service is unique, superior, or innovative. Investors will be impressed if you have IP rights are secure or are in the process of being secured, and that they agree with your business strategy.
It is vital to protect an invention before submitting a patent application. Public divulging an invention could frequently devalue its originality and render it invalid. Pre-filing disclosures, such as for investors, test marketing, or any other business partners, should only be done after the signing of a confidentiality agreement.
There are numerous types of patents. Understanding them is crucial to protect your invention. Utility patents cover the development of new methods and machines. Design patents cover ornamental designs. Patents for utility are the most effective as they protect the proprietor from copycats and other competitors. They are typically issued to improve or modify existing inventions. Utility patents also cover enhancements and modifications to existing inventions. For instance, a procedure patent will be able to cover actions or methods of doing an action, while a chemical composition will include the combination of ingredients.
How long will a patent last? Although utility patents are valid for 20 years from the date of their earliest filing, they can be extended through delays at the patent office.
Are you interested in the patentability of your ideas? Patents are granted only for applicants who are first to file You must start filing quickly. Call an attorney for patents at PatentPC to patent your idea today!
A patent search is essential when you are preparing your patent application. This will allow you to see other ideas and give you an insight into their inventions. It will help you narrow down the scope of your idea. Additionally, you’ll be able to learn about state of the technological advancements in your area of invention. You’ll have a better idea of what your invention should be, and you’ll be more prepared to submit your patent application.
How to Search for Patents
Patent searches are the very first step in obtaining your patent. You can do a google patent search or do a USPTO search. Once the patent application is filed, the item covered by the application can be called patent-pending, and you will be able to locate the patent application online on the public pair. When the patent office is satisfied with your application, you’ll be able to do a patent number look to find the patent issued. Your product will now be patented. It is also possible to use the USPTO search engine. Read on for more details. You can get help from an attorney for patents. Patents granted in the United States are granted by the US trademark and patent office, also known as the United States patent office and trademark office. This office also evaluates trademark applications.
Are you interested in finding other similar patents? These are the steps to follow:
1. Create a list of terms for your invention according to its function and composition or usage.
Write down a succinct and precise description of your idea. Don’t use generic terms such as “device”, “process,” or “system”. Instead, consider synonyms to the terms you chose initially. Also, keep track of significant technical terms, as well as keywords.
Utilize the following questions to help you identify key words or concepts.
- What is the objective of the invention? Is it a utilitarian device or an ornamental design?
- Does the invention consist of a method of creating something or performing some function? Or is it a thing or procedure?
- What is the composition of the invention? What is the physical composition of the invention?
- What’s the point of the invention
- What are the technical terms and keywords that describe the nature of an invention? To assist you in finding the right terms, refer to a technical dictionary.
2. Use these terms to find relevant Cooperative Patent Classifications on the Classification Text Search Tool. To find the best classification for your invention, scan the resulting classification’s class Schemes (class schedules). If you don’t see any results from the Classification Text Search, you might want to think about substituting the words to describe your invention with synonyms.
3. Go through 3. Go over the CPC Classification Definition to verify the validity of the CPC classification that you have found. The link to the CPC classification definition will be available when the classification you have selected has a blue box that includes “D” on the left. CPC classification definitions can be used to determine the relevant classification’s scope which is why you can be certain to pick the most appropriate. Additionally, these definitions can include research tips and other suggestions that could be helpful in further study.
4. Get patent documents using the CPC classification from the Patents Full-Text and Image Database. By focusing on the abstracts and representative drawings it is possible to narrow your search for the most relevant patent publications.
5. This list of patent publications is the most appropriate to look at for any connections to your invention. Pay close attention to the claims and specifications. Contact the applicant as well as the patent examiner to obtain additional patents.
6. You can retrieve published patent applications that fit the CPC classification that you chose in Step 3. You can also use the same search strategy that you used in Step 4 to narrow your search results to just the most relevant patents by reading the abstracts as well as the drawings for each page. After that, you must review every patent application that has been published with care and pay particular attention to the claims as well as other drawings.
7. Find additional US patent publications using keywords in the PatFT or AppFT databases, searching for classification of non-U.S. patents per below, and searching for non-patent publications of inventions with web search engines. Here are some examples:
- Add keywords to your search. Keyword searches may turn up documents that are not well-categorized or have missed classifications during Step 2. For example, US patent examiners often supplement their classification searches with keyword searches. Think about the use of technical engineering terminology rather than everyday words.
- Search for foreign patents using the CPC classification. Then, re-run the search using international patent office search engines such as Espacenet, the European Patent Office’s worldwide patent publication database of over 130 million patent publications. Other national databases include:
- European Patent Office (EPO) provides esp@cenet to access a network of Europe’s patent databases with access to machine translation of European patents.
- Japan Patent Office (JPO) – with access to machine translations of Japanese patents.
- World Intellectual Property Organization (WIPO) offers PATENTSCOPE with a full-text search of published international patent applications and machine translations for some documents, as well as a list of international patent databases.
- Korean Intellectual Property Rights Information Service (KIPRIS)
- State Intellectual Property Office (SIPO) with machine translation of Chinese patents.
- Other International Intellectual Property Offices with online patent databases include Australia, Canada, Denmark, Finland, France, Germany, Great Britain, India, Israel, Netherlands, Norway, Sweden, Switzerland, and Taiwan.
- Search non-patent literature. Inventions can be made public in many non-patent publications. It is recommended that you search journals, books, websites, technical catalogs, conference proceedings, and other print and electronic publications.
To review your search, you can hire a registered patent attorney to assist. A preliminary search will help one better prepare to talk about their invention and other related inventions with a professional patent attorney. In addition, the attorney will not spend too much time or money on patenting basics.