Real time virtual draft system and method
First Claim
1. An apparatus, comprising:
- a communications interface;
a memory; and
a processor coupled to the memory and the communications interface, the memory storing software instructions for controlling the processor that, when executed by the processor, configure the processor to;
receive, via the communications interface, a first request for a first transfer of digital assets from a first digital container associated with a first client device to a second digital container associated with a second client device, the first transfer being associated with an initiated transaction;
when a total value in one or more first accounts associated with the first client device is equivalent to or exceeds a transfer value of the digital assets, generate and transmit, via the communications interface, a transaction authorization to the second client device, the transaction authorization causing the second client device to perform operations that complete the initiated transaction; and
generate a draft from a payment account associated with a centralized authority to a second account associated with the second client, wherein a draft value of the first draft is equivalent to the transfer value.
1 Assignment
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Accused Products
Abstract
An apparatus for use in a digital asset tracking system includes a storage device and a processor coupled to the storage device. The storage device stores software instructions for controlling the processor that when executed by the processor configure the processor to receive a signal representing a request comprising a first transfer from a first digital container associated with a first client to a second digital container associated with a second client. A value of the first transfer is compared to a total value in one or more accounts associated with the first client. At least one of the one or more accounts associated with the first client has a value in a first currency. A first draft is generated from a first account to an account associated with the second client. The first draft comprises a value in a second currency equivalent to the value of the first transfer.
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Citations
20 Claims
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1. An apparatus, comprising:
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a communications interface; a memory; and a processor coupled to the memory and the communications interface, the memory storing software instructions for controlling the processor that, when executed by the processor, configure the processor to; receive, via the communications interface, a first request for a first transfer of digital assets from a first digital container associated with a first client device to a second digital container associated with a second client device, the first transfer being associated with an initiated transaction; when a total value in one or more first accounts associated with the first client device is equivalent to or exceeds a transfer value of the digital assets, generate and transmit, via the communications interface, a transaction authorization to the second client device, the transaction authorization causing the second client device to perform operations that complete the initiated transaction; and generate a draft from a payment account associated with a centralized authority to a second account associated with the second client, wherein a draft value of the first draft is equivalent to the transfer value. - View Dependent Claims (2, 3, 4, 5, 6, 7, 17, 18, 19, 20)
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8. A system, comprising:
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a point-of-sale terminal having a storage device and a processor, the storage device being coupled to the processor and storing software instructions for controlling the processor that, when executed by the processor, configure the processor to; perform operations that initiate a transaction involving a first client device; and generate a first request for a first transfer of digital assets from a first digital container associated with the first client device to a second digital container associated with the point-of-sale terminal; and an authorization server having a server storage device and a server processor, the server storage device being coupled to the server processor and storing software instructions for controlling the server processor that, when executed by the server processor, configure the server processor to; receive the the first request from the point-of-sale terminal; based on the first request, determine that a total value in one or more first accounts associated with the first client device is equivalent to or exceeds a transfer value of the digital assets; validate the first request when the total value is equivalent to or exceeds the transfer value; generate and transmit a transaction authorization indicative of the validated first request to the point-of-sale terminal; and generate a draft from a payment account associated with a centralized authority to a second account associated with the point-of-sale terminal, wherein a draft value of the first draft is equivalent to the transfer value, wherein the processor of the point-of-sale terminal is further configured to receive the transaction authorization and complete the initiated transaction based on the transaction authorization. - View Dependent Claims (9, 10, 11)
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12. A computer-implemented method, comprising
receiving, by at least one processor, a first request for a first transfer of digital assets from a first digital container associated with a first client device to a second digital container associated with a second client device, the first transfer being associated with an initiated transaction; -
when a total value in one or more first accounts associated with the first client device is equivalent to or exceeds a transfer value of the digital assets, generating and transmitting, by the at least one processor, a transaction authorization to the second client device, the transaction authorization causing the second client device to perform operations that complete the initiated transaction; and generating, by the at least one processor, a draft from a payment account associated with a centralized authority to a second account associated with the second client, wherein a draft value of the first draft is equivalent to the transfer value. - View Dependent Claims (13, 14, 15, 16)
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Specification