Unknown Organization (20240378572). Method and System for Digital Receipts simplified abstract
Contents
Method and System for Digital Receipts
Organization Name
Inventor(s)
Keerthi Raju Madanu of Cumming GA (US)
Method and System for Digital Receipts - A simplified explanation of the abstract
This abstract first appeared for US patent application 20240378572 titled 'Method and System for Digital Receipts
Simplified Explanation:
This patent application describes a system and method for the exchange and storage of digital receipts through a mobile application that scans QR codes or direct account transfers, with transactional data securely stored in a centralized database for easy access and management.
Key Features and Innovation:
- System for exchanging and storing digital receipts
- Mobile application for customers to manage receipts
- QR code scanning at point of sale
- Direct account transfer within an online portal
- Centralized database for secure storage of transactional data
Potential Applications: The technology can be applied in retail, e-commerce, and financial sectors to streamline receipt management for customers.
Problems Solved: This technology addresses the issue of paper receipts clutter and loss, providing a digital solution for easy access and organization.
Benefits:
- Convenient receipt management for customers
- Reduced paper waste and clutter
- Secure storage of transactional data
Commercial Applications: The system can be utilized by retailers, online platforms, and financial institutions to enhance customer experience and streamline receipt management processes.
Questions about Digital Receipt Exchange and Storage: 1. How does the mobile application scan QR codes to retrieve digital receipts? 2. What security measures are in place to protect the centralized database of transactional data?
Frequently Updated Research: Stay updated on advancements in digital receipt technology and data security protocols to ensure the system remains secure and efficient.
Original Abstract Submitted
a system and method for the exchange and storage of digital receipts, enabling customers to receive and manage their receipts via a mobile application that scans qr codes at the point of sale or through a direct account transfer within an online portal, with all transactional data securely stored in a centralized database for easy accessibility and management.
