18516442. APPARATUSES, COMPUTER-IMPLEMENTED METHODS, AND COMPUTER PROGRAM PRODUCTS FOR DYNAMIC TRAVEL TRANSACTIONS simplified abstract (Wells Fargo Bank, N.A.)

APPARATUSES, COMPUTER-IMPLEMENTED METHODS, AND COMPUTER PROGRAM PRODUCTS FOR DYNAMIC TRAVEL TRANSACTIONS

Organization Name

Wells Fargo Bank, N.A.

Inventor(s)

Chris Theodore Kalaboukis of San Jose CA (US)

APPARATUSES, COMPUTER-IMPLEMENTED METHODS, AND COMPUTER PROGRAM PRODUCTS FOR DYNAMIC TRAVEL TRANSACTIONS - A simplified explanation of the abstract

This abstract first appeared for US patent application 18516442 titled 'APPARATUSES, COMPUTER-IMPLEMENTED METHODS, AND COMPUTER PROGRAM PRODUCTS FOR DYNAMIC TRAVEL TRANSACTIONS

Simplified Explanation

The abstract of the patent application describes a method for providing dynamic travel transactions based on vehicle operating parameters that vary during travel.

• The method involves receiving data from a user device associated with a user and a vehicle, including trip data and travel variability data.
• A travel transaction is generated based on the user data and the variability data, potentially modifying a base transaction based on the variability data.
• The technology aims to provide personalized and adaptable travel transactions based on real-time vehicle operating conditions.

Potential Applications

This technology could be applied in the transportation industry for optimizing travel transactions based on dynamic vehicle operating parameters.

Problems Solved

This technology addresses the challenge of providing personalized and efficient travel transactions that adapt to changing vehicle conditions during travel.

Benefits

The benefits of this technology include improved user experience, increased efficiency in travel transactions, and potentially enhanced safety by taking into account real-time vehicle operating parameters.

Potential Commercial Applications

A potential commercial application of this technology could be in the development of smart transportation systems that offer personalized and adaptive travel services to users.

Possible Prior Art

One possible prior art could be systems that provide real-time traffic information to users for optimizing travel routes and schedules.

How does the technology handle data privacy and security concerns?

The article does not address how the technology ensures the protection of user data and privacy while collecting and processing information from user devices.

What are the potential limitations or challenges in implementing this technology on a larger scale?

The article does not discuss the scalability or potential obstacles in deploying this technology across a wide range of vehicles and users in real-world scenarios.

Original Abstract Submitted

Methods, apparatuses, and computer program products are disclosed for providing dynamic travel transactions. An example computer-implemented method includes receiving first device data of a first user device associated with a first user. The first device data includes first trip data of a vehicle and the first user. The example method further includes receiving travel variability data associated with the vehicle that includes one or more vehicle operating parameters that vary during travel of the vehicle. The example method also includes generating a travel transaction based upon the first device data of the first user device and the travel variability data associated with the vehicle. In some instances, the method includes determining a base transaction based upon the first device data that's effectuated at a first time and determining a modification to the base transaction based upon the travel variability data that's effectuated at a second time.