MANAGING ELECTRONIC TOKENS IN A TRANSACTION PROCESSING SYSTEM

• US 20120271770A1
• Filed: 04/19/2012
• Published: 10/25/2012
• Est. Priority Date: 04/20/2011
• Status: Abandoned Application

• Current Assignee: Visa International Service Association (Visa, Inc.)
• Original Assignee: Visa International Service Association (Visa, Inc.)
• Inventors: Harris, Theodore, Faith, Patrick
• Application Number:
  US13/450,828
• Publication Number:
  US 20120271770A1
• Time in Patent Office: Days
• US Class Current: 705/67
• CPC Class Codes: G06Q 20/00 Payment architectures, schemes or protocols apparatus for performing or posting payment transactions G07F7/08, G07F19/00; electronic cash registers G07G1/12
• CPC Class Codes: G06Q 20/384 using social networks
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G07F 9/001 Interfacing with vending machines using mobile or wearable devices

Abstract

A method for the use of electronic transactional tokens includes: generating transactional tokens including a first token; associating each of the transactional tokens with one of a group of users; monitoring usage of the transactional tokens in a multitude of transactions by the users; and responsive to the monitoring, updating the first token from a first state to a second state. The tokens may be generated and monitored using a token processing system, which uses transaction data received by a transaction handler that is handling transaction processing for the transactions.

Claims

1. A method, comprising:

generating, by a computing apparatus, a plurality of transactional tokens including a first token;

associating, by the computing apparatus, each of the transactional tokens with a respective one of a plurality of users, the first token associated with a first user of the plurality of users;

monitoring, by the computing apparatus, usage of the transactional tokens in a plurality of transactions; and

responsive to the monitoring, updating the first token from a first state to a second state.

2. The method of claim 1, wherein the monitoring includes receiving transaction data from a first transaction of the first user, the first token being applied to the first transaction.

3. The method of claim 2, wherein the first transaction is between the first user and a second user, the method further comprising responsive to applying the first token to the first transaction, transferring the first token to the second user, and wherein the second state corresponds to a transactional benefit for a future transaction of the second user.

4. The method of claim 1, wherein the usage comprises a plurality of purchases from a merchant by users other than the first user, the first state corresponds to a discount for a future purchase of the first user, and the second state corresponds to a change in the discount for the future purchase, the change corresponding to the plurality of purchases.

5. The method of claim 2, wherein the first state corresponds to a discount for a purchase from a first merchant, and the second state corresponds to a discount for a purchase from a second merchant.

6. The method of claim 2, wherein the first token comprises a plurality of attributes including a first attribute, and wherein in the second state the first attribute provides a percentage reduction in price for a future transaction of the first user, the method further comprising sending data regarding the second state to a mobile device of the first user.

7. The method of claim 2, wherein the first token comprises a plurality of attributes including a first attribute representing a trophy, the method further comprising responsive to the first user collecting a predetermined number of trophies including the trophy, awarding a transactional token to the first user.

8. The method of claim 2, further comprising associating a respective transaction history with each of the transactional tokens, and updating the respective transaction history based on transactions to which the respective token has been applied.

9. The method of claim 2, further comprising responsive to receiving a request from a merchant, updating the first token to a different state.

10. The method of claim 2, further comprising responsive to receiving a request from a second user, updating the first token to a different state.

11. The method of claim 2, wherein the plurality of users includes a second user, the method further comprising responsive to receiving a request from the first user, transferring the first token to the second user.

12. The method of claim 2, further comprising adding an attribute to the first token based on a history of prior transactions of the first user.

13. The method of claim 2, further comprising defining a network, and associating the transactional tokens with the network.

14. The method of claim 13, further comprising associating a plurality of user devices with the network, and receiving transaction data from the user devices for transactions to which the transactional tokens are applied.

15. The method of claim 2, wherein the monitoring further includes responsive to receiving transaction data for two users of the plurality of users other than the first user, updating the first token to a different state based on purchases of the two users.

16. The method of claim 2, further comprising collecting data associated with the plurality of users, correlating the data to identify a new transactional opportunity, generating a plurality of new transactional tokens each providing a transactional benefit for the new transactional opportunity, and sending the new transactional tokens to a plurality of new users.

17. The method of claim 2, wherein the receiving the transaction data comprises receiving the transaction data by a transaction handler configured to receive from acquirer processors authorization requests for payments to be made by issuer processors according to account identifiers of users, the issuer processors to make the payments on behalf of users, and the acquirer processors to receive the payments on behalf of merchants.

18. A system, comprising:

at least one processor; and

memory storing instructions configured to instruct the at least one processor to;

generate a plurality of transactional tokens including a first token;

associate each of the transactional tokens with a respective one of a plurality of users, the first token associated with a first user of the plurality of users;

monitor usage of the transactional tokens in a plurality of transactions; and

responsive to the monitoring, update the first token from a first state to a second state.

19. The system of claim 18, wherein the monitoring includes receiving transaction data from a first transaction of the first user, the first token being applied to the first transaction, and the receiving the transaction data comprising receiving the transaction data by a transaction handler configured to receive authorization requests for payments to be made.

20. A non-transitory computer-readable storage medium storing computer-readable instructions, which when executed, cause a computing apparatus to:

generate a plurality of transactional tokens including a first token;

associate, via a computing apparatus, each of the transactional tokens with a respective one of a plurality of users, the first token associated with a first user of the plurality of users;

monitor usage of the transactional tokens in a plurality of transactions; and

responsive to the monitoring, update the first token from a first state to a second state.