US 2017/0286951 A1Published application

Dynamic Delivery Authorization for Cryptographic Payments

AssigneeMoving Media GmbH

InventorsSergey Ignatchenko, Bernhard Kaufmann

Life of this patent

Estimating the term…

Loading patent…

Abstract

A dynamic delivery authorization system for cryptographic payments comprising: a merchant cashier system configured to allow a merchant controlling the delivery authorization dynamically in conjunction with cryptographic payment confirmations, an intermediary processing system supporting merchants to accept cryptographic payments from consumers utilizing cryptographic wallets to pay for purchases, a cryptographic payment server configured to receiver purchase request from the cashier system, manage the accrual of cryptocurrency network blockchain confirmations, maintain a merchant configurable, order specific and real-time payment and delivery authorization statuses used by merchant payment and delivery authorization system to authorize the release of tangible and intangible goods and services relative to the risk level set by the merchant for each order placed within the cashier system.

Claims20

Dependent claims

a dynamic delivery authorization system for cryptographic payment comprising:

a server payment module configured to:
permit a user to make a purchase order using crypto currency stored in a crypto wallet of a user to a merchant payment module which transmits a crypto payment request to a cryptographic payment server payment module, wherein the crypto payment request comprising:
a payment authorization value identifying the number of blockchain confirmations value from a range 0 to n for the purchase in order to label the purchase as authorized by a merchant payment system;
and
a delivery authorization value identifying the number of blockchain confirmations value from the range of 0 to n for the purchase in order to label the purchase as ready for delivery by the merchant delivery system;
the server payment status module configured to:
receive blockchain confirmations from cryptographic currency network;
modify a payment status value associated with the purchase upon accrual of the number of blockchain confirmations received;
receive a payment status request from the merchant payment system inquiring about the payment status value associated with the purchase and in response providing the payment status value;
a server delivery status module configured to:
receive blockchain confirmation from the cryptographic currency network;
modify a delivery status value associated with the purchase upon accrual of the number of blockchain confirmations received;
receive a delivery status request from the merchant delivery system inquiring about the delivery status value associated with the purchase and in response providing the delivery status value.

10 more elements

A computer implemented method of dynamic delivery authorization for cryptographic payment comprising:

receiving from a merchant payment module a cryptographic payment request, the request comprising:
a payment authorization value identifying a blockchain confirmation value from a range of 0 to n dynamically configured by a merchant specific to the cryptographic payment request received;
a delivery authorization value identifying a blockchain confirmation value from a range of 0 to n dynamically configured by a merchant specific to the cryptographic payment request received;
receiving blockchain confirmations from a crypto currency network in association to the cryptographic payment request, and in parallel update both:
a blockchain received payment status value associated to the cryptographic payment request upon accrual of the blockchain confirmations from the crypto currency network;
and
a blockchain received delivery payment status value associated to the cryptographic payment request upon accrual of the blockchain confirmations from the crypto currency network;
assigning a blockchain received payment status value of authorized upon the receipt of the blockchain confirmations from the crypto currency network equal to the payment authorization value;
assigning a blockchain received delivery status value of ready for delivery upon the receipt of the blockchain confirmations from the crypto currency network equal to the delivery authorization value;
receiving a payment status request from a merchant payment system inquiring about the blockchain received status value associated with the cryptographic payment request and in response provide the blockchain received status value;
receiving a delivery status request from a merchant delivery system inquiring about the blockchain received status value associated with the cryptographic payment request and in response provide the blockchain received status value;

8 more elements

Dependencies are inferred from the claim text.

Facts

Application: 15/165,564Filed 26 May 2016
Priority: 4 Apr 2016
Published: 5 Oct 2017
Term ends: Not estimatedThe source records don’t support an estimate.

Classification5 codes

G06Q 20/3674
Involving electronic purses or money safes: involving authentication
G06Q 20/3823
Insuring higher security of transaction: combining multiple encryption tools for a transaction
G06Q 20/065
Private payment circuits, e.g. involving electronic currency used among participants of a common payment scheme: using e-cash
G06Q 20/401
Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check…:…

Family

Application62/317,633Us provisional application · filed 4 Apr 2016
US 2017/0286951 A1This patent

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

Timeline

Citations

Open elsewhere

Building an agent or pulling many patents? Use the API or MCP server instead of scraping pages. Get an API key