US 2016/0110696 A1 · BOTTOM OF THE PYRAMID PAY METHOD AND SYSTEM

Bottom of the pyramid pay method and system

AssigneeMastercard International Incorporated

InventorsMichael David Angus, John Beric, David Colby Brown, Chanoch Henuch Gewirtz, Salah Malaika Goss, Dennis J. Hill, Patrick L. Killian, Sandeep Malhotra, Paul Michael Musser, Tara Nathan, David Anthony Roberts, Mark N. Savoye, Dave Sylvester

Life of this patent

Estimating the term…

Abstract

One or more embodiments provide a system and method comprising receiving at a device a first token associated with a first account; executing a transaction; recording the executed transaction at each of the device and the first token, wherein the execution of the transaction is offline; and balancing the account associated with the first token per the transaction when the first token is online after the executed transaction. Numerous other aspects are provided.

Claims19

Dependent claims

A method comprising:

receiving at a device a first token associated with a first account;
executing a transaction;
recording the executed transaction at each of the device and the first token, wherein the execution of the transaction is offline;
and
balancing the account associated with the first token per the transaction when the first token is online after the executed transaction.

2 more elements

Dependencies are inferred from the claim text.

Facts

Application

14/884,151Filed 15 Oct 2015

Priority

15 Oct 2014

Published

21 Apr 2016

Term ends

Not estimatedThe source records don’t support an estimate.

Classification3 codes

G06Q 20/108
Specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems: remote banking, e.g. home banking
G06Q 20/367
Using electronic wallets or electronic money safes: involving electronic purses or money safes
G06Q
Information and communication technology [ict] specially adapted for administrative, commercial, financial, managerial