SYSTEM AND METHOD FOR USING A DIGITAL WALLET

• US 20140304154A1
• Filed: 03/31/2014
• Published: 10/09/2014
• Est. Priority Date: 04/30/1999
• Status: Abandoned Application

• Current Assignee: PayPal, Inc. (PayPal Holdings, Inc.)
• Original Assignee: PayPal, Inc. (PayPal Holdings, Inc.)
• Inventors: Levchin, Max R., Nosek, Luke, Thiel, Peter, Banister, Scott
• Application Number:
  US14/231,309
• Publication Number:
  US 20140304154A1
• Time in Patent Office: Days
• US Class Current: 705/41
• CPC Class Codes: G06Q 20/02 involving a neutral party, e.g. certification authority, notary or trusted third party [TTP]
• CPC Class Codes: G06Q 20/04 Payment circuits
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/105 involving programming of a portable memory device, e.g. IC cards, "electronic purses"
• CPC Class Codes: G06Q 20/223 based on the use of peer-to-peer networks
• CPC Class Codes: G06Q 20/322 Aspects of commerce using mobile devices [M-devices]
• CPC Class Codes: G06Q 20/36 using electronic wallets or electronic money safes
• CPC Class Codes: G06Q 20/363 with the personal data of a user
• CPC Class Codes: G06Q 20/38215 Use of certificates or encrypted proofs of transaction rights
• CPC Class Codes: G06Q 20/40 Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
• CPC Class Codes: G06Q 20/40145 Biometric identity checks
• CPC Class Codes: G06Q 20/405 Establishing or using transaction specific rules
• CPC Class Codes: G06Q 30/0214 Referral reward systems
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions
• CPC Class Codes: G06Q 30/0601 Electronic shopping [e-shopping]
• CPC Class Codes: G06Q 30/0613 Third-party assisted
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03

Abstract

A system and method for using a digital wallet are provided. A request is received from a wallet application on a mobile device of a first user. The request indicates a transfer of a value to a second user. The value is associated with a source selected from a plurality of sources associated with a user account of the first user. The plurality of sources is associated with monetary values and non-monetary values. The value indicated in the request is transferred. The source of the value is updated to reflect the transfer of the value to the second user.

Claims

1. A method comprising:

receiving, by a networked system, a request from a wallet application on a mobile device of a first user, the request indicating a transfer of a value to a second user, the value associated with a source selected from a plurality of sources associated with a user account of the first user, the plurality of sources associated with monetary values and non-monetary values;

causing the transfer of the value indicated in the request; and

causing an update, by a hardware processor, to the source of the value to reflect the transfer of the value to the second user.

2. The method of claim 1, wherein the non-monetary values comprise a voucher or points.

3. The method of claim 1, wherein the non-monetary values comprise a discount.

4. The method of claim 1, wherein the non-monetary values comprise a coupon.

5. The method of claim 1, wherein the non-monetary values comprise a certificate.

6. The method of claim 1, wherein the non-monetary values comprise at least one of frequent flier miles, a credit, a debit, or barter points.

7. The method of claim 1, further comprising:

establishing a connection with the mobile device via the wallet application;

receiving a user identifier associated with the user account of the first user; and

providing access to information including amounts of the plurality of values associated with the user account based on the user identifier.

8. The method of claim 1, wherein the causing the transfer comprises exchanging the value in a monetary value into a non-monetary value.

9. The method of claim 1, further comprising receiving a selection of the source of the value from which to transfer the value to the second user.

10. A machine-readable medium having no transitory signals and storing instructions that, when executed by one or more processors of a machine, cause the machine to perform operations comprising:

receiving a request from a wallet application on a mobile device of a first user, the request indicating a transfer of a value to a second user, the value associated with a source selected from a plurality of sources associated with a user account of the first user, the plurality of sources associated with monetary values and non-monetary values;

causing the transfer of the value indicated in the request; and

causing an update to the source of the value to reflect the transfer of the value to the second user.

11. The machine-readable medium of claim 10, wherein the non-monetary values comprise a voucher or points.

12. The machine-readable medium of claim 10, wherein the non-monetary values comprise a discount.

13. The machine-readable medium of claim 10, wherein the non-monetary values comprise a coupon.

14. The machine-readable medium of claim 10, wherein the non-monetary values comprise a certificate.

15. The machine-readable medium of claim 10, wherein the non-monetary values comprise at least one of frequent flier miles, a credit, a debit, or barter points.

16. The machine-readable medium of claim 10, wherein the operations further comprise:

establishing a connection with the mobile device via the wallet application;

receiving a user identifier associated with the user account of the first user; and

providing access to information including amounts of the plurality of values associated with the user account based on the user identifier.

17. The machine-readable medium of claim 10, wherein the causing the transfer comprises exchanging the value in a monetary value into a non-monetary value.

18. The machine-readable medium of claim 10, further comprising receiving a selection of the source of the value from which to transfer the value to the second user.

19. A system comprising:

one or more servers configured to;

receive a request from a wallet application on a mobile device of a first user, the request indicating a transfer of a value to a second user, the value associated with a source selected from a plurality of sources associated with a user account of the first user, the plurality of sources associated with monetary values and non-monetary values;

cause the transfer of the value indicated in the request; and

cause an update to the source of the value to reflect the transfer of the value to the second user.

20. The system of claim 19, wherein the one or more servers are further to:

establish a connection with the mobile device via the wallet application;

receive a user identifier associated with the user account of the first user; and

provide access to information including amounts of the plurality of values associated with the user account based on the user identifier.