Intellectual Frontiers

US11568401B2: Digital Payment System

In plain language

A Cloud-Based Payment System Empowering Transactions Through Data Worth

Effortlessly manage payments and user data valuation with the Cloud-Based Payment System. Elevate your digital transaction experience

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What the drawings show
  • The embodiments herein will be better understood from the following detailed description with reference to the drawings, in which:
  • FIG. 1 illustrates an example of an environment or architecture in which various embodiments herein may operate;
  • FIG. 2 illustrates a schematic diagram of a cloud-based central controlling system interacting with a pre-consenting device, a service provider system, and a user system in accordance with an embodiment herein;
  • FIG. 3 illustrates a schematic diagram of the pre-consenting device such as shown in FIG. 2 in accordance with an embodiment herein;
  • FIG. 4 illustrates blockchain computer architecture of the system of FIG. 1 along with other systems in accordance with an embodiment herein;
  • FIG. 5 illustrates an exemplary blockchain device in accordance with an embodiment herein;
  • FIG. 6 is a flowchart illustrating a method for facilitating digital transactions in a service setting in accordance with an embodiment herein; and
  • FIG. 7 is a block diagram illustrating a computer system according to an embodiment herein.

Abstract

A digital payment system for facilitating seamless transactions from a user system to a buyer system. The system includes a service provider system which further includes a service interaction component. The service interaction component is configured to collect predefined information about the user system and the associated user. The service provider system also includes a payment engine for processing payments digitally based on data worth associated with the data owned by the user and authorized for sharing by the service provider to the buyer system. The payment engine calculates a payable amount payable digitally by the user to the service provider based on a digital transactional value indicative of the data worth associated with the data owned by the user and authorized for sharing, among other things. The system further includes a pre-consenting system configured to facilitate user authorization.

Summary of the invention

An embodiment herein provides a computer-controlled payment system for facilitating seamless transactions from a user system to a buyer system via an intermediary system. The system includes a service provider system associated with a service provider and located physically in a service setting that includes one or more central servers, data stores, and cloud-based computing components for managing and processing delivery of a service in the service setting by the service provider to the user associated with the user system.

The service provider system includes a service interaction component to generate an electronic signal transmitted to the user system using a transmission circuit. The electronic signal allows communication between the user system and the service provider system. The service interaction component is further configured to collect predefined information about the user system and the associated user. The predefined information includes at least a first computer-executable input indicative of an identifier of the user system and the associated user and a second computer-executable input indicative of a service sought for delivery in the service setting by the service provider.

The service provider system includes a payment engine for processing payments digitally based on data worth associated with the data owned by the user and authorized for sharing by the service provider to the buyer system. The payment engine calculates a payable amount payable digitally by the user to the service provider based on a first digital transactional value indicative of a service charge for the service delivered digitally by the service provider, a second digital transactional value indicative of a predefined co-pay between the user and a co-pay entity, and a third digital transactional value indicative of the data worth associated with the data owned by the user and authorized for sharing. The data worth is calculated based on a set of predefined criteria specified by the buyer entity for a set of data types, data entities and data attributes.

The full summary

The system further includes a pre-consenting system located remotely from the user system and communicatively coupled to the service provider system in the service setting. The pre-consenting system is configured to receive a digital signal containing a third computer executable authorization input for authorizing sharing of the data owned by the user at least in part toward a digital purchase and delivery of the service from the service provider by the user such that the data owned by the user serves as a transactional value for the digital purchase and delivery of the service as and when the data is made available. The pre-consenting system may further be configured to generate the electronic trigger that is initiated upon electronic receipt of the third computer-executable input by the pre-consenting system. The trigger contains a unique code referencing the user, the user system and the authorized data of the user for storage, processing, and sharing of the authorized data.

The pre-consenting system may be configured to generate the trigger that is initiated upon electronic receipt of the third computer-executable input by the pre-consenting system that is indicative of the user authorization for sharing at least one or more computer executable files containing the authorized data of the user.

The trigger may include a unique code referencing the user, the user system and the authorized data of the user for storage, processing, and sharing of the authorized data.

The pre-consenting system further includes a processing circuit to process the data associated with the user system as a response to a request made by the service provider system for authorization of use of the data against a service provided by the service provider system digitally. The processing circuit may further include at least one of a data recognition device, an audio signal recognition device, a video signal recognition device, and a fingerprint identifier input device. The at least one of the data recognition device, the audio signal recognition device, the video signal recognition device, and the fingerprint identifier input device may be configured to process the data digitally coming from the user system as a response to a request made by the service provider system for the authorization of the data usage against the service charge for the service provided by the service provider system.

The data recognition device may include a programmable electronic device which may be configured to automatically recognize and capture user associated information including one or more of an associated phone number, and an associated email address of the user and associated with the user system to serve as an input for initializing payment by the payment engine.

The data recognition device may include a programmable electronics device which may be configured to recognize and capture user associated information including one or more of an associated phone number, and an associated email address of the user and associated with the user system to serve as an input for initializing payment by the payment engine.

The fingerprint identifier input device may include a programmable RF (radio frequency) device reader to capture the response from the user system and record it for later use as the authorization for sharing the user data by the service provider system in exchange of the digital service delivery to the user.

The pre-consenting device may be programmed to generate at least one of a random number, a checksum, and a cryptographic code using at least one of a randomization function, and a checksum function, and a cryptographic hash serving as an authorization token transmitted by the pre-consenting device to the service provider system processing the payment by the payment engine and sharing the user data.

The system may further include a data valuation device configured to evaluate the worth of the approved data owned by the user and received by the service provider system and authorized for sharing by the user, wherein the worth of the approved data may be calculated based on a set of predefined criteria specified for a set of data types, data entities and data attributes so that the delivery of the service may be defined in terms of transactional values payable through the user data by the user upon authorization through the pre-consenting system.

The system may further include a data extraction device to pull the data from the service provider system, contained in a central data center, corresponding to the user that has been authorized for transaction by the user system. The payment engine may be enabled through a banking procedure for processing digital transactions. The payment engine may be enabled through a blockchain-enabled component for processing digital transactions.

The system may include a blockchain device to process blockchain tasks through blockchain-enabled and computer-controlled software and hardware tools, wherein the blockchain device may be located at a location remote from locations of the user system and the buyer system. The blockchain device may be coupled to a blockchain database that is located at a location remotely from the locations of the user system and the buyer system. The blockchain device further includes a processing device to process blockchain tasks through computer-controlled software and hardware tools.

Independent claims

Claim 1

A computer-controlled payment system for facilitating seamless transactions, the system comprising: a cloud-based central controlling sub-system comprising: a cloud-based central data center comprising computer executable files containing structured data; an authorization code collector that collects a digital code; an authorization code verification device that verifies the digital code as an indication of an authorization to perform a digital transaction; a data extraction device that extracts the structured data from the computer executable files; and a data worth valuation device that calculates a transactional value associated with user data; a service provider sub-system that is associated with a service provider and provides a service in exchange for a payment and a consent for usage of user data, wherein the service provider sub-system is to generate a request for the consent for the usage of the user data, and evaluate the transactional value of the user data; a user sub-system that is associated with a user, wherein the user sub-system comprises: an installable application that receives the user data from the user; and a graphical user interface for selection by the user to permit access of the user data by the service provider sub-system, wherein upon permission to access the user data by the user, the service provider sub-system is to authorize and transfer the permission to the cloud-based central controlling sub-system; a buyer sub-system that is associated with a buyer of the service, wherein the buyer sub-system does not directly exchange data with the service provider sub-system, wherein the buyer sub-system is to provide a set of rules containing predefined criteria and preferences that are used by the data worth valuation device to calculate the transactional value associated with the user data; a third party sub-system that is associated with a third party to an exchange of the service between the buyer and the service provider, wherein the third party sub-system is to assist the service provider sub-system to evaluate the transactional value of the user data; a pre-consenting sub-system communicatively connected with the service provider sub-system and located remotely from the user sub-system, wherein the pre-consenting sub-system is to receive and process a digital signal from the user sub-system for authorizing the service provider sub-system to share the user data at least in part with the buyer sub-system toward a digital purchase of the service; and a payment engine communicatively connected to the cloud-based central controlling sub-system, wherein the payment engine is to process payments digitally based on the transactional value associated with the user data and authorized for sharing by the service provider sub-system to the buyer sub-system, wherein the payment engine is to calculate a payable amount payable digitally by the user to the service provider sub-system based on a first digital transactional value indicative of a service charge for the service delivered digitally by the service provider, a second digital transactional value indicative of a predefined co-pay between the user and the third party sub-system, and a third digital transactional value indicative of the transactional value associated with the user data authorized for sharing.

All 20 claims
  1. A computer-controlled payment system for facilitating seamless transactions, the system comprising: a cloud-based central controlling sub-system comprising: a cloud-based central data center comprising computer executable files containing structured data; an authorization code collector that collects a digital code; an authorization code verification device that verifies the digital code as an indication of an authorization to perform a digital transaction; a data extraction device that extracts the structured data from the computer executable files; and a data worth valuation device that calculates a transactional value associated with user data; a service provider sub-system that is associated with a service provider and provides a service in exchange for a payment and a consent for usage of user data, wherein the service provider sub-system is to generate a request for the consent for the usage of the user data, and evaluate the transactional value of the user data; a user sub-system that is associated with a user, wherein the user sub-system comprises: an installable application that receives the user data from the user; and a graphical user interface for selection by the user to permit access of the user data by the service provider sub-system, wherein upon permission to access the user data by the user, the service provider sub-system is to authorize and transfer the permission to the cloud-based central controlling sub-system; a buyer sub-system that is associated with a buyer of the service, wherein the buyer sub-system does not directly exchange data with the service provider sub-system, wherein the buyer sub-system is to provide a set of rules containing predefined criteria and preferences that are used by the data worth valuation device to calculate the transactional value associated with the user data; a third party sub-system that is associated with a third party to an exchange of the service between the buyer and the service provider, wherein the third party sub-system is to assist the service provider sub-system to evaluate the transactional value of the user data; a pre-consenting sub-system communicatively connected with the service provider sub-system and located remotely from the user sub-system, wherein the pre-consenting sub-system is to receive and process a digital signal from the user sub-system for authorizing the service provider sub-system to share the user data at least in part with the buyer sub-system toward a digital purchase of the service; and a payment engine communicatively connected to the cloud-based central controlling sub-system, wherein the payment engine is to process payments digitally based on the transactional value associated with the user data and authorized for sharing by the service provider sub-system to the buyer sub-system, wherein the payment engine is to calculate a payable amount payable digitally by the user to the service provider sub-system based on a first digital transactional value indicative of a service charge for the service delivered digitally by the service provider, a second digital transactional value indicative of a predefined co-pay between the user and the third party sub-system, and a third digital transactional value indicative of the transactional value associated with the user data authorized for sharing.
  2. The system of claim 1 , wherein the payment engine is to communicate with the service provider sub-system and the pre-consenting device without having to communicate through the cloud-based central controlling sub-system.
  3. The system of claim 1 , further comprising a processing circuit comprising at least one of a data recognition device, an audio signal recognition device, a video signal recognition device, and a fingerprint identifier input device, wherein the at least one of the data recognition device, the audio signal recognition device, the video signal recognition device, and the fingerprint identifier input device is configured to process the user data digitally coming from the user sub-system.
  4. The system of claim 3 , wherein the data recognition device includes a programmable electronic device configured to automatically recognize and capture user associated information including one or more of an associated phone number, and an associated email address of the user and associated with the user sub-system to serve as an input for initializing payment by the payment engine.
  5. The system of claim 3 , wherein the fingerprint identifier input device includes a programmable radio frequency (RF) device reader to capture a response from the user sub-system and record it for later use as the authorization for sharing the user data by the service provider system in exchange of the digital service delivery to the user.
  6. The system of claim 1 , wherein the pre-consenting device is programmed to generate at least one of a random number, a checksum, and a cryptographic code using at least one of a randomization function, and a checksum function, and a cryptographic hash serving as an authorization token transmitted by the pre-consenting device to the service provider sub-system processing the payment by the payment engine and sharing the user data.
  7. The system of claim 1 , wherein the data worth valuation device is to calculate the transactional value based on a set of predefined criteria specified for a set of data types, data entities, and data attributes so that delivery of the service is defined in terms of transactional values payable through the user data by the user upon the authorization through the pre-consenting device.
  8. The system of claim 1 , wherein the data extraction device is to pull the user data from the user sub-system that has been authorized for transaction by the user sub-system.
  9. The system of claim 1 , wherein the payment engine is enabled through a digital banking procedure for processing digital transactions.
  10. The system of claim 1 , wherein the payment engine is enabled through a blockchain-enabled component for processing digital transactions.
  11. The system of claim 10 , further comprising a blockchain device to process blockchain tasks through blockchain-enabled tools and a computer, wherein the blockchain device is located at a location remote from location of the user sub-system.
  12. The system of claim 11 , wherein the blockchain device is coupled to a blockchain database that is located at a location remotely from the location of the user sub-system.
  13. The system of claim 11 , wherein the blockchain device further comprising a processing device to process blockchain tasks.
  14. The system of claim 1 , wherein the data extraction device is configured to collect the user data authorized by the user from the user sub-system.
  15. The system of claim 1 , wherein the data extraction device is configured to communicate with the installable application for collecting the user data.
  16. The system of claim 1 , wherein the user sub-system includes one of a mobile device, cell-phone, laptop, and desktop capable of executing programmable instructions and communicating with the cloud-based central controlling sub-system.
  17. The system of claim 1 , wherein the authorization code collector and the authorization code verification device together perform verification of the user sub-system and the buyer sub-system and associate authorized data along with the service delivered digitally and the buyer sub-system to perform computer-performed processing tasks in order to successfully deliver the service to the user and submit the authorized data to the buyer sub-system and use the authorized data as a transactional value for a payment transaction instead of making monetary payments for the delivery of the service.
  18. The system of claim 1 , wherein the data extraction device is to extract and supply to the buyer sub-system only those computer executable files that belong to the user and contains only the user data authorized for sharing, and wherein any other data from other than the user who provides the consent and any data that is not authorized by the user but belongs to the user is to be stored as separate computer executable files or referenced separately so that the other data does not get extracted and supplied to the buyer sub-system from the cloud-based central data center.
  19. The system of claim 1 , wherein the data extraction device a web-based Extract, Transform, and Load (ETL) tool that extracts the user data, transforms the user data into structured data containing different data types, and load the structured data to the cloud-based central data center in a structured form.
  20. The system of claim 10 , wherein the payment engine is to serve as a client device configured to process payments through the blockchain-enabled component based on rules as defined based on the transactional value of the user data and a service charge defined by a rules engine of the cloud-based central controlling sub-system.

Related patents

Every patent of the Digital Payment System family: US10643208B2.

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  • Digital payment system - US11568401B2
    A digital payment system for facilitating seamless transactions from a user system to a buyer system. The system includes a service provider system which further includes a service

Licence or acquire US11568401B2

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Is US11568401B2 available for licensing?

Yes. Intellectual Frontiers offers US11568401B2, with the rest of the Digital Payment System family, for an exclusive or non-exclusive licence, field-of-use licences included. Terms are agreed on inquiry: write to hello+ip@intellectualfrontiers.com.

Can US11568401B2 be bought?

Yes. US11568401B2 is available for acquisition, alone or with its family. Terms are agreed on inquiry: write to hello+ip@intellectualfrontiers.com.

What is the status of US11568401B2?

Patented Case as of 11 January 2023, according to the USPTO record read 27 September 2026.

When does US11568401B2 expire?

16 March 2040. An estimate from Google Patents, read 9 October 2026. Fees, terminal disclaimers and later events can change it, and it is not legal advice.

What does US11568401B2 cover?

A digital payment system for facilitating seamless transactions from a user system to a buyer system. The system includes a service provider system which further includes a service interaction component. The service interaction component is configured to collect predefined information about the user system and the associated user. The service provider system also includes a payment engine for proc A plain-language summary is at https://www.intellectualfrontiers.com/patent-summaries/a-cloud-based-payment-system-empowering-transactions-through-data-worth.

Which patents are related to US11568401B2?

It is part of the Digital Payment System family, with US10643208B2.

Who invented US11568401B2 and who holds it?

Shahid N. Shah is the inventor. Intellectual Frontiers LLC holds the rights.