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US 11,238,443 B2Granted
Secure crypto currency point-of-sale (POS) management
AssigneeNCR Corporation
InventorAaron Lloyd Kelley
Life of this patent
Estimating the term…
Abstract
A Point-Of-Sale (POS) terminal is equipped to process crypto currencies for transactions. The POS terminal generates a transaction-based digital wallet for a given transaction to receive a crypto currency payment for that given transaction. The transaction-based digital wallet, funded with the crypto currency for the given transaction, is transferred to a retailer's server where the crypto currency is transferred from the transaction-based digital wallet to a retailer's digital wallet for eventual exchange to a government issued currency.
Claims3
A method, comprising:
- obtaining, by a processor of a Point-Of-Sale (POS) terminal, a plurality of recycled digital wallets on startup of the POS terminal from a server;
- receiving, by the processor, a payment option including a specific selected crypto currency payment as an indication that a customer is concluding a transaction at the POS terminal by paying with the crypto currency payment;
- mapping, by the processor, a transaction identifier for the transaction to a specific identifier associated with a single digital wallet selected as one of the plurality of recycled digital wallets;
- the processor uniquely associating and linking the single digital wallet to a transaction identifier for the transaction and maintaining a link between the specific identifier for the digital wallet to the transaction identifier associated with the transaction;
- determining, by the processor, an exchange rate for a crypto currency associated with the specific selected crypto currency payment to a government issued currency;
- determining, by the processor, an amount of the crypto currency based on the exchange rate and a transaction price in the government issued currency for the transaction;
- establishing, by the processor, a wireless paring with a mobile device operated by customer;
- wirelessly communicating, by the processor, the amount of crypto currency to a crypto currency application of the mobile device;
- displaying, by the processor, an address for the single wallet and the amount of the crypto currency needed for the transaction on a display of the POS terminal;
- scanning, by the mobile device, the address;
- receiving, by the POS terminal, the amount of the crypto currency in the single wallet after the scanning;
- and
- transferring, by the processor, the amount of the crypto currency from the single wallet to a digital wallet associated with a retailer
- recycling, by the server the address of the single wallet and credentials associated with accessing the single wallet back to a pool of available digital wallets that comprises the plurality of recycled digital wallets;
- determining, by the processor, that the POS has reached a threshold number of wallets;
- requesting, by the processor, additional recycled digital wallets from the server;
- and
- receiving, by the processor and from the server, an address of a wallet from among the pool of available digital wallets that comprises the plurality of recycled digital wallets.
15 more elements
Dependencies are inferred from the claim text.