View source for 18523152. SYSTEMS AND METHODS FOR DYNAMIC INCLUSION OF ENHANCED DATA IN TRANSACTIONS simplified abstract (JPMORGAN CHASE BANK, N.A.)

=SYSTEMS AND METHODS FOR DYNAMIC INCLUSION OF ENHANCED DATA IN TRANSACTIONS=


==Organization Name==

[[:Category:JPMORGAN CHASE BANK, N.A.|JPMORGAN CHASE BANK, N.A.]]


[[Category:JPMORGAN CHASE BANK, N.A.]]

==Inventor(s)==

[[:Category:Howard Spector of Street MD (US)|Howard Spector of Street MD (US)]][[Category:Howard Spector of Street MD (US)]]

[[:Category:Allison Beer of Bronxville NY (US)|Allison Beer of Bronxville NY (US)]][[Category:Allison Beer of Bronxville NY (US)]]

[[:Category:Craig M. Mullaney of Newark DE (US)|Craig M. Mullaney of Newark DE (US)]][[Category:Craig M. Mullaney of Newark DE (US)]]

[[:Category:Vimal Brahmbhatt of Middletown DE (US)|Vimal Brahmbhatt of Middletown DE (US)]][[Category:Vimal Brahmbhatt of Middletown DE (US)]]

[[:Category:Brent Samuels of Avondale PA (US)|Brent Samuels of Avondale PA (US)]][[Category:Brent Samuels of Avondale PA (US)]]

==SYSTEMS AND METHODS FOR DYNAMIC INCLUSION OF ENHANCED DATA IN TRANSACTIONS - A simplified explanation of the abstract==


This abstract first appeared for US patent application 18523152 titled 'SYSTEMS AND METHODS FOR DYNAMIC INCLUSION OF ENHANCED DATA IN TRANSACTIONS

==Simplified Explanation==

The patent application describes systems and methods for dynamic inclusion of enhanced data in transactions, specifically focusing on conducting mobile wallet payments with dynamic enhanced data using a mobile payment application.

* Receiving transaction requests from a merchant point of transaction device via a mobile payment application executed on a mobile electronic device.
* Processing the transaction request based on the payment option selection provided.

== Potential Applications ==
This technology could be applied in various industries such as retail, e-commerce, and financial services for secure and efficient mobile wallet payments with enhanced data.

== Problems Solved ==
1. Enhancing the security and efficiency of mobile wallet payments.
2. Providing a seamless transaction experience for users and merchants.

== Benefits ==
1. Improved transaction security with dynamic enhanced data.
2. Streamlined payment process for users and merchants.
3. Enhanced user experience with mobile wallet payments.

== Potential Commercial Applications ==
Optimizing Mobile Wallet Payments with Dynamic Enhanced Data

== Possible Prior Art ==
No prior art information is available at this time.

== Unanswered Questions ==

=== How does the technology handle different types of financial instruments within the mobile wallet application? ===
The patent application does not specify how the system manages various financial instruments provisioned to the mobile wallet application.

=== What measures are in place to protect the privacy and security of user data during transactions? ===
The patent application does not detail the specific security measures implemented to safeguard user data during mobile wallet payments.


==Original Abstract Submitted==

Systems and methods for dynamic inclusion of enhanced data in transactions are disclosed. According to another embodiment, in an information processing apparatus comprising at least one computer processor, a method for conducting a mobile wallet payment with dynamic enhanced data using a mobile payment application may include: (1) receiving, from a merchant point of transaction device, a transaction request from a mobile payment application executed by a mobile electronic device, the transaction request comprising a unique identifier for a financial instrument provisioned to a mobile wallet computer application and a payment option selection; and (2) processing the transaction request according to the payment option selection.



[[Category:G06Q20/36]]
[[Category:G06Q20/10]]
[[Category:G06Q20/20]]
[[Category:G06Q20/22]]
[[Category:G06Q20/32]]
[[Category:G06Q20/38]]
[[Category:G06Q20/40]]
[[Category:G06Q30/0207]]