18664383. GROUP PEER-TO-PEER FINANCIAL TRANSACTIONS simplified abstract (Apple Inc.)
Contents
GROUP PEER-TO-PEER FINANCIAL TRANSACTIONS
Organization Name
Inventor(s)
Gloria Lin of San Francisco CA (US)
Amir Mahmood Mikhak of Cambridge MA (US)
Taido Lantz Nakajima of San Jose CA (US)
Sean Anthony Mayo of Sunnyvale CA (US)
Michael Rosenblatt of Boulder CO (US)
GROUP PEER-TO-PEER FINANCIAL TRANSACTIONS - A simplified explanation of the abstract
This abstract first appeared for US patent application 18664383 titled 'GROUP PEER-TO-PEER FINANCIAL TRANSACTIONS
- Simplified Explanation:**
The patent application describes user interfaces for displaying transfer requests, detecting user input to initiate transfers, and receiving authentication information for authorization.
- Key Features and Innovation:**
- User interfaces for displaying transfer requests
- Detection of user input to initiate transfers
- Receipt of authentication information for authorization
- Potential Applications:**
This technology could be used in banking apps, money transfer services, and secure online transactions.
- Problems Solved:**
This technology addresses the need for secure and efficient transfer authorization processes.
- Benefits:**
- Enhanced security for transfer requests
- Streamlined transfer initiation process
- Improved user experience for authorizing transfers
- Commercial Applications:**
The technology could be utilized by financial institutions, e-commerce platforms, and any service requiring secure transfer authorization processes.
- Questions about Transfer Authorization:**
1. How does this technology improve the security of transfer requests? 2. What are the potential applications of this transfer authorization technology in the fintech industry?
Original Abstract Submitted
In accordance with some embodiments, user interfaces for displaying a transfer request, detecting user input directed to initiating a transfer corresponding to the request, and receiving authentication information to authorize the transfer corresponding to the request are described.
