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:
Apr. 02, 2024
Filed:
Oct. 01, 2021
Wells Fargo Bank, N.a., San Francisco, CA (US);
Joel Eric Boeder, Maple Grove, MN (US);
Chris Theodore Kalaboukis, San Jose, CA (US);
Rameshchandra Bhaskar Ketharaju, Hyderabad, IN;
Joon Maeng, Newcastle, WA (US);
Ramanathan Ramanathan, Bellevue, WA (US);
Abhijit Rao, Irvine, CA (US);
Andres J. Saenz, Cape Coral, FL (US);
Makarand Shivadevuni, San Ramon, CA (US);
Wells Fargo Bank, N.A., San Francisco, CA (US);
Abstract
A distributed system includes a lending device that is configured to receive, from a user device, a real-time request for a loan associated with a service, where the request specifies at least an identifier of the user device and a specific amount of funds; determine, based at least on the specific amount of funds for the loan and on the identifier of the user device, to provide the loan to the user device; generate a digital token associated with the loan, where the digital token specifies usage restrictions that are associated with (i) an approved amount of funds, (ii) a duration of the loan, and (iii) a payee associated with a service device; and provide, the user device and/or the service device, the digital token associated with the loan, where the digital token is redeemable by the payee associated with the service device for the approved amount of funds.