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US Patent 11023899 No point-of-sale terminal exchange item redemption

Patent 11023899 was granted and assigned to Raise (financial technology) on June, 2021 by the United States Patent and Trademark Office.

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Patent
Patent

Patent attributes

Patent Applicant
Raise (financial technology)
Raise (financial technology)
Current Assignee
Raise (financial technology)
Raise (financial technology)
Patent Jurisdiction
United States Patent and Trademark Office
United States Patent and Trademark Office
Patent Number
11023899
Date of Patent
June 1, 2021
Patent Application Number
15712539
Date Filed
September 22, 2017
Patent Primary Examiner
‌
Jason B Dunham
Patent abstract

A method includes receiving, by a marketplace server, a request to use a digital exchange item from a computing device. The method further includes obtaining secure custody of a digital chain of custody of the digital exchange item where the digital exchange item has been updated in regards to the request. The method further includes verifying exchange item information and exchange item use information and updating the digital chain of custody of the digital exchange item accordingly. When the exchange item information and exchange item use information is verified, the method further includes verifying merchant information regarding the requested use of the digital exchange item and updating the digital chain of custody of the digital exchange item accordingly. When the merchant information is verified, the method further includes executing the use of the digital exchange item and updating the digital chain of custody of the digital exchange item accordingly.

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