Tokenization and dynamic transaction classification
AssigneePaypal, Inc.
InventorsSrivathsan Narasimhan, Akshay Sanjeevaiah Krishnaiah, Avik Chatterjee
Life of this patent
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Abstract
A database of prior user transactions may enable and present opportunities to dynamically classify a current user transaction according to particular information or characteristics of that transaction and/or the user conducting the current transaction. Results of previous transactions can be correlated and/or aggregated with other transactions, allowing predictive relationships to indicate an approximated user goal for a particular transaction. Based on the approximated user goal, a limited timespan electronic market may be established. This electronic market may enable additional transactions with the user that correspond to the approximated user goal.
Claims20
A method, comprising:
- receiving, by a computer system, information indicating a user has initiated a first transaction with an entity;
- based on details of the first transaction, using a classification engine running on the computer system to determine an approximated transaction goal for the first transaction;
- and
- generating, by the computer system and based on the approximated transaction goal, a limited timespan electronic market that provides access to a plurality of merchants to electronically communicate offers to the user for a plurality of products or services corresponding to the approximated transaction goal.
A non-transitory computer-readable medium having stored thereon instructions that are executable to cause a computer system to perform operations comprising:
- receiving payment token information indicating a user has initiated a first transaction with an entity;
- based on details of the first transaction, using a classification engine to determine an approximated transaction goal for the first transaction;
- and
- generating a limited timespan electronic market that provides access to a plurality of merchants to electronically communicate offers to the user for a plurality of products or services corresponding to the approximated transaction goal.
A system, comprising:
- a processor;
- and
- a storage device having stored thereon instructions that are executable by the processor to cause the system to perform operations comprising:
- receiving payment token information that indicates a user has initiated a first transaction with an entity;
- based on details of the first transaction, using a classification engine running on the system to determine one or more characteristics of one or more prospective future transactions related to a user goal for the first transaction;
- and
- generating, based on the one or more characteristics, a limited timespan electronic market that provides access to a plurality of merchants to electronically communicate offers to the user for a plurality of products or services corresponding to the one or more characteristics.
Dependencies are inferred from the claim text.