Invention Grant
- Patent Title: Merchant-consumer bridging platform apparatuses, methods and systems
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Application No.: US13366083Application Date: 2012-02-03
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Publication No.: US10204327B2Publication Date: 2019-02-12
- Inventor: Edward Katzin , Phillip L. Kumnick , Theodore David Harris , Patrick Faith , Jennifer A. Schulz
- Applicant: Edward Katzin , Phillip L. Kumnick , Theodore David Harris , Patrick Faith , Jennifer A. Schulz
- Applicant Address: US CA San Francisco
- Assignee: VISA INTERNATIONAL SERVICE ASSOCIATION
- Current Assignee: VISA INTERNATIONAL SERVICE ASSOCIATION
- Current Assignee Address: US CA San Francisco
- Agency: Loeb & Loeb LLP
- Main IPC: G06Q20/20
- IPC: G06Q20/20 ; G06Q20/02 ; G06Q20/12 ; G06Q20/40

Abstract:
The MERCHANT-CONSUMER BRIDGING PLATFORM APPARATUSES, METHODS AND SYSTEMS (“MCB-Platform”) various activity requests (e.g., transaction request, merchant information update request, offer issuance request, etc.) via MCB-Platform components into transaction records and merchant database updates outputs. In one implementation, a method is disclosed, comprising: receiving an activity request including merchant information associated with a merchant; retrieving a previously stored merchant record from a database; determining merchant information update indicia based on a comparison of the merchant information and the previously stored merchant record; determining a confidence metric for the merchant information update; retrieving a confidence requirement based on the activity request; determining, within a low-latency processing time-frame, whether the determined confidence metric satisfies the retrieved confidence requirement; performing the requested activity and updating the previously stored merchant record with the merchant information update indicia when the determined confidence metric satisfies the retrieved confidence requirement; and declining the activity request when the determined confidence metric satisfies the retrieved confidence requirement.
Public/Granted literature
- US20120303425A1 MERCHANT-CONSUMER BRIDGING PLATFORM APPARATUSES, METHODS AND SYSTEMS Public/Granted day:2012-11-29
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