The Toronto-Dominion Bank (20250061448). MITIGATION OF TRANSACTION DELAY RISK
Contents
MITIGATION OF TRANSACTION DELAY RISK
Organization Name
Inventor(s)
David Samuel Tax of Toronto (CA)
Jonathan Joseph Prendergast of West Chester PA (US)
Hitesh Bajaj of Duluth GA (US)
Kenneth Tien Poh Wong of Oakville (CA)
MITIGATION OF TRANSACTION DELAY RISK
This abstract first appeared for US patent application 20250061448 titled 'MITIGATION OF TRANSACTION DELAY RISK
Original Abstract Submitted
systems and methods for mitigating transaction delay risk are provided. a system may receive transaction data, including at least a transaction amount, associated with a transaction. the system may then obtain transfer credentials associated with a value transfer card, send a request for a pre-authorization hold of the transaction amount using the transfer credentials, and initiate a timer. the system may then monitor a blockchain address for receipt of cryptocurrency associated with the transaction. when the cryptocurrency is received prior to an expiration of a time period associated with the timer, the system may release at least a portion of the pre-authorization hold. when the cryptocurrency is not received prior to an expiration of a time period associated with the timer, the system may settle the pre-authorization hold.
