The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Jun. 19, 2018
Filed:
Dec. 21, 2012
Debbie Kimberg, Chesterfield, MO (US);
Shawn Hagmeier, St. Peters, MO (US);
Debbie Kimberg, Chesterfield, MO (US);
Shawn Hagmeier, St. Peters, MO (US);
Mastercard International Incorporated, Purchase, NY (US);
Abstract
According to some embodiments, a transaction may include receiving a funds transfer request, the funds transfer request specifying a source account associated with a first unit of value, a transaction amount, and a destination account associated with second unit of value, wherein the second unit of value is different than the first unit of value. The transaction may proceed with a response to the funds transfer request which is processed by automatically determining an exchange rate between the first and second units of value, wherein at least one of the first or second units of value is not a governmental currency, and automatically initiating a debit request to debit the transaction amount from the source account and automatically initiating a credit request to credit the transaction amount to the destination account.