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:
Sep. 28, 2021
Filed:
Dec. 21, 2020
Kishore Swaminathan, Willowbrook, IL (US);
Kishore Swaminathan, Willowbrook, IL (US);
Other;
Abstract
Unlike the prevalent paradigm for electronic payments where merchants own, orchestrate, and drive the payment process, embodiments of this invention enable customers to pay for products and services from their personal computers or mobile devices without involving the merchant in the payment process. Merchants place their payment requests into a payment bus and customers fulfill these requests in any way they please—from any device, at any time, through any payment service. We refer to the payment paradigm described here as Payer-Centric Payments (PCP) as opposed to Merchant-Centric Payments (MCP) that is commonplace today. This invention is applicable for physical, online, and vending machine payments and provides significant benefits to both customers and merchants.