US 11,769,154 B1Granted

Token device for distributed ledger based interchange

AssigneeUnited Services Automobile Association (USAA)

InventorsDuane Cash, Alexander Nagelberg, Hudson R. Jameson

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Abstract

A portable token device is described, the token device useable to request transactions performed over an interchange system. The token device authenticates a user through the use of biometric data such as a fingerprint. When in proximity to a point of sale (POS) terminal, the token device communicates with the POS terminal over a wireless network to authorize a transaction involving the user. The interchange system employs blockchain elements that can be used in a payment apparatus for managing payments or other types of transactions, and for managing user accounts. The interchange system enables users to enroll in the system, and enables the various users' computing devices to be used as confirmation centers for new transactions and/or funds transfers between users.

Claims20

Dependent claims

A system, comprising:

a distributed ledger system comprising a plurality of distributed ledger nodes;
and
a software-based protocol configured to access a plurality of accounts on the distributed ledger system, wherein the software-based protocol, when executed, causes at least one processor to perform operations comprising:
receiving a request to perform a transaction via a first account and a second account of the plurality of accounts, wherein the request comprises an amount associated with the transaction;
receiving authentication data for authenticating the request from a token device comprising a biometric sensor and a wireless transceiver, wherein the authentication data corresponds to an identity of a user associated with the transaction and is acquired by the biometric sensor of the token device;
sending a plurality of requests for a plurality of votes to a plurality of peer devices to verify that the transaction can be executed based on the first account and the amount in response to authenticating the user based on the authentication data;
receiving a number of votes from the plurality of peer devices to approve the transaction;
and
executing the transaction in response to the number of votes exceeding a threshold number of votes, wherein executing the transaction comprises:
executing the transaction via the distributed ledger system;
and
storing a record of the transaction on the distributed ledger system.

9 more elements

A non-transitory computer-readable media storing instructions which, when executed, cause a processor to perform operations comprising:

receiving a request to perform a transaction via a first account and a second account of a plurality of accounts on a distributed ledger system comprising a plurality of distributed ledger nodes, wherein the request comprises an amount associated with the transaction;
receiving authentication data for authenticating the request from a token device comprising a biometric sensor and a wireless transceiver, wherein the authentication data corresponds to an identity of a user associated with the transaction and is acquired by the biometric sensor of the token device;
sending a plurality of requests for a plurality of votes to a plurality of peer devices to verify that the transaction can be executed based on the first account and the amount in response to authenticating the user based on the authentication data;
receiving a number of votes from the plurality of peer devices to approve the transaction;
and
executing the transaction in response to the number of votes exceeding a threshold number of votes, wherein executing the transaction comprises:
executing the transaction via the distributed ledger system;
and
storing a record of the transaction on the distributed ledger system.

6 more elements

A method, comprising:

receiving, via at least one processor, a request to perform a transaction via a first account and a second account of a plurality of accounts on a distributed ledger system comprising a plurality of distributed ledger nodes, wherein the request comprises an amount associated with the transaction;
receiving, via the at least one processor, authentication data for authenticating the request from a token device comprising a biometric sensor and a wireless transceiver, wherein the authentication data corresponds to an identity of a user associated with the transaction and is acquired by the biometric sensor of the token device;
sending, via the at least one processor, a plurality of requests for a plurality of votes to a plurality of peer devices to verify that the transaction can be executed based on the first account and the amount in response to authenticating the user based on the authentication data;
receiving, via the at least one processor, a number of votes from the plurality of peer devices to approve the transaction;
and
executing, via the at least one processor, the transaction in response to the number of votes exceeding a threshold number of votes, wherein executing the transaction comprises:
executing the transaction via the distributed ledger system;
and
storing a record of the transaction on the distributed ledger system.

6 more elements

Dependencies are inferred from the claim text.

Facts

Application: 17/848,084Filed 23 Jun 2022 · continuation
Priority: 11 May 2017
Granted: 26 Sep 2023
Term ends: Not estimatedThe source records don’t support an estimate.

Classification10 codes

G06Q 20/40145
Identity check for transactions: biometric identity checks
G06Q 20/065
Private payment circuits, e.g. involving electronic currency used among participants of a common payment scheme: using e-cash
G06Q 20/204
Point-of-sale [POS] network systems: comprising interface for record bearing medium or carrier for electronic funds transfer or payment credit
G06Q 20/206
Point-of-sale [POS] network systems: comprising security or operator identification provisions, e.g. password entry

Family

Application15/592,925Parent of this continuation · filed 11 May 2017
Application17/001,239Parent of this continuation · filed 24 Aug 2020
US 10,762,506 B1Parent of this continuation · filed 1 Sep 2020
US 11,373,187 B1Parent of this continuation
US 11,769,154 B1This patent

From the US filing history. Foreign family members aren’t listed.