18435243. Enhanced Feedback Exposure for Merchants Based on Transaction Metadata simplified abstract (Capital One Services, LLC)
Contents
Enhanced Feedback Exposure for Merchants Based on Transaction Metadata
Organization Name
Inventor(s)
Wesley Perkins of Henrico VA (US)
Venkata Satya Sriram Kalyan Namuduri of Glen Allen VA (US)
David Ross of Richmond VA (US)
Andrew Coulson of Washington DC (US)
Hunter Roberts of Henrico VA (US)
Enhanced Feedback Exposure for Merchants Based on Transaction Metadata - A simplified explanation of the abstract
This abstract first appeared for US patent application 18435243 titled 'Enhanced Feedback Exposure for Merchants Based on Transaction Metadata
- Simplified Explanation:**
This patent application describes methods, systems, and apparatuses for sharing transaction data separately from the authorization process. It involves receiving and validating transaction metadata, receiving authorization information, correlating the metadata with the authorization information, and determining whether to authorize a financial transaction based on this data.
- Key Features and Innovation:**
- Separate sharing of transaction data from authorization processes
- Validation of transaction metadata
- Correlation of metadata with authorization information
- Determination of transaction authorization based on correlated data
- Potential Applications:**
This technology could be used in financial institutions, online payment systems, e-commerce platforms, and other industries where secure transaction processing is essential.
- Problems Solved:**
- Streamlining transaction data sharing
- Enhancing security in financial transactions
- Improving efficiency in authorization processes
- Benefits:**
- Increased security in financial transactions
- Streamlined transaction processing
- Improved efficiency in authorization processes
- Commercial Applications:**
- Secure online payment systems
- Financial institutions for secure transactions
- E-commerce platforms for efficient processing
- Prior Art:**
There may be prior art related to transaction data sharing and authorization processes in the field of financial technology and secure transaction processing.
- Frequently Updated Research:**
Research in the field of secure transaction processing and financial technology may provide insights into improving the methods and systems described in this patent application.
- Questions about Transaction Data Sharing and Authorization Processes:**
1. How does this technology enhance security in financial transactions? 2. What are the potential applications of this innovation in the e-commerce industry?
Original Abstract Submitted
Methods, systems, and apparatuses are described herein for the direct sharing and use of transaction data separately from transaction authorization processes. Transaction metadata associated with a transaction may be received and validated. Authorization information corresponding to the transaction may be received. The degree to which the transaction metadata is tested may be based on a predicted time of receipt of the authorization information. The transaction metadata and authorization information may be correlated. A computing device may determine whether to authorize the financial transaction based on the authorization information and the correlated transaction metadata. All or portions of the transaction metadata may be provided to one or more users after the transaction has been authorized or denied.
