Patents
US 12725144 B2: Systems and methods for processing electronic transactions based on consumer characteristics
- Granted
- 2026-09-01
- Filed
- 2024-05-20 application 18669131
- Type
- Utility · 20 claims
- Elsewhere
- Google Patents ↗ · USPTO patent document ↗ · USPTO Patent Center record ↗
Abstract
Methods are disclosed for processing electronic transactions between a merchant and a consumer based on physical geography. A method includes receiving payment data associated with a consumer payment card; transmitting the payment data, over a network, to a third party; receiving, over the network, information for determining whether a geofence associated with the merchant matches a geofence associated with the consumer; and processing a transaction with the consumer based on whether the consumer geofence ID matches a geofence ID associated with the merchant. Systems for processing electronic transactions between a merchant and a consumer based on physical geography are also disclosed.
Source: PTBLXML, file of 2026-09-01 (ipgb20260901.xml).
Assignees
| Assignee | Type | Place | Also on furp.org | Source |
|---|---|---|---|---|
| Yahoo Assets LLC 366 patents | US company or organization | New York, NY | PTBLXML, file of 2026-09-01 |
Inventors
| Inventor | Place | Patents | Person page | Source |
|---|---|---|---|---|
| Philip J. Philliou | Haworth, NJ | 3 | PTBLXML, file of 2026-09-01 | |
| Dean S. Pappas | Middletown, NJ | PTBLXML, file of 2026-09-01 | ||
| Jonathan I. Brod | New York, NY | 4 | PTBLXML, file of 2026-09-01 | |
| Kenneth H Dichter | Livingston, NJ | 3 | PTBLXML, file of 2026-09-01 | |
| Timothy J. Lemmon | New York, NY | 8 | PTBLXML, file of 2026-09-01 |
CPC categories
| Subclass | Category | First group | Source |
|---|---|---|---|
| G06Q | Information and communication technology [ict] specially adapted for administrative, commercial, financial, managerial or supervisory purposes; systems or methods specially adapted for administrative, commercial, financial, managerial or supervisory purposes, not otherwise provided for | G06Q20/24 | PTBLXML, file of 2026-09-01 |
Cooperative Patent Classification, as currently assigned (one row per subclass).
Assignments and security interests
| Recorded | What | From | To | Reel/frame | Source |
|---|---|---|---|---|---|
| 2026-05-19 | Security interest Security interest Patent security agreement (first lien) | YAHOO ASSETS LLC signed 2026-05-15 | ROYAL BANK OF CANADA, AS COLLATERAL AGENT TORONTO | 75625/129 | PASDL, file of 2026-10-15 |
Documents recorded with the USPTO Assignment Recordation Branch that list this patent. A security interest is a lender’s claim on the patent as collateral; a release ends it.
USPTO bulk data: PatentsView granted patents, disambiguated (PVGPATDIS) for patents, assignees, inventors, places and CPC categories; the USPTO Patent Assignment Dataset (ECORSEXC) for assignments and security interests. Patents filed in the last 20 years. No claims or full text. Links to other records are by name (and state): EXACT means the identical full name and state; FUZZY means a looser name match, with the confidence shown.