Invention Grant
- Patent Title: Tokenized data having split payment instructions for multiple accounts in a chain transaction
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Application No.: US16680463Application Date: 2019-11-11
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Publication No.: US11321683B2Publication Date: 2022-05-03
- Inventor: Alex Miyamoto , Gorka Sanchez
- Applicant: PAYPAL, INC.
- Applicant Address: US CA San Jose
- Assignee: PAYPAL, INC.
- Current Assignee: PAYPAL, INC.
- Current Assignee Address: US CA San Jose
- Agency: Haynes and Boone, LLP
- Main IPC: G06Q40/00
- IPC: G06Q40/00 ; G06Q20/10 ; G06Q20/26 ; G06Q30/06

Abstract:
There are provided systems and methods for tokenized data having split payment instruction for multiple accounts in a chain transaction. A user may provide a payment to a merchant that sells one or more items to the user. In order to sell items, the merchant may utilize a partner service that provides resources for the merchant to sell the items, such as an online marketplace. The partner service may require a payment for each transaction by the merchant using the partner service. Thus, when a payment request is generated to the merchant for items sold to the user, the partner service may attach to the payment request and provide a split payment request for a split payment from the payment request. The payment between the user and merchant may be processed, and a separate transaction may provide the split payment automatically to the partner service from the merchant.
Public/Granted literature
- US20200286053A1 TOKENIZED DATA HAVING SPLIT PAYMENT INSTRUCTIONS FOR MULTIPLE ACCOUNTS IN A CHAIN TRANSACTION Public/Granted day:2020-09-10
Information query