Invention Grant
- Patent Title: Systems and methods for rescuing purchase transactions
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Application No.: US16418772Application Date: 2019-05-21
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Publication No.: US11301858B2Publication Date: 2022-04-12
- Inventor: Trevor Fred Roy Clarke , Warren De Villiers , Andre Ryan Edelbrock , Steve Frook , Darryl Green , Keegan Johnson
- Applicant: Ethoca Technologies, Inc.
- Applicant Address: CA Toronto
- Assignee: Ethoca Technologies, Inc.
- Current Assignee: Ethoca Technologies, Inc.
- Current Assignee Address: CA Toronto
- Agency: Pilisbury Winthrop Shaw Pittman LLP
- Main IPC: G06Q20/40
- IPC: G06Q20/40 ; G06Q20/02

Abstract:
Provided herein are techniques for rescuing a commercial transaction identified as suspect, possibly based on suspicion of fraud or due to the risk associated with the commercial transaction. Various implementations include systems and methods that can rescue a purchase transaction involving a purchasing party (hereafter, a “purchaser”) and a selling party (hereafter, a merchant”). The item or items being purchased in the purchase transaction can include goods, a services, or property interests (e.g., real, intellectual, or otherwise). Particular implementations can facilitate the rescuing of a purchase transaction that has been declined, canceled or suspended (e.g., pending further review) by an involved party (e.g., the selling party) based on that party's concern (e.g., fraud or high risk) with respect to the purchase transaction.
Public/Granted literature
- US20190340616A1 SYSTEMS AND METHODS FOR RESCUING PURCHASE TRANSACTIONS Public/Granted day:2019-11-07
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