Alexander J Griffiths

Title: Alexander J. Griffiths and Marketplace-Based Exchange Items.

Introduction

Alexander J. Griffiths is an inventor associated with Chicago, Illinois, and Raise Marketplace, LLC. His patent describes a way to help a buyer complete a transaction when an exchange item in the buyer’s digital wallet is insufficient.

Latest Patents

Griffiths is identified with one patent: “Obtaining an Additional Exchange Item During a Transaction Utilizing an Exchange Item.” The invention involves a marketplace server receiving a request from a buyer’s device during a point-of-sale transaction. If the exchange item in the buyer’s digital wallet cannot cover the transaction, the server checks whether a suitable alternative is available in a virtual marketplace. If none is available, the server communicates with the relevant brand server to obtain a sufficient exchange item and sends its information to the buyer’s device so the transaction can be completed. Griffiths has 1 patent.

Career Highlights

Griffiths’s disclosed invention focuses on connecting digital wallets, virtual marketplaces, brand servers, and point-of-sale systems. The approach is designed to address a shortfall in an exchange item during a transaction by seeking an alternative that can cover the purchase.

Collaborations

The patent describes interactions among a marketplace server, a buyer’s computing device, a point-of-sale device, and a corresponding brand server. Griffiths is associated with Raise Marketplace, LLC.

Conclusion

Alexander J. Griffiths’s patent presents a marketplace-based method for obtaining a sufficient exchange item when a buyer’s existing digital-wallet item cannot complete a transaction.