- Patent Title: System and method for location-based token transaction processing
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Application No.: US17833524Application Date: 2022-06-06
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Publication No.: US12236417B2Publication Date: 2025-02-25
- Inventor: Edison U. Ortiz , Arnold Badal-Badalian , Ambica Pawan Khandavilli , Rasha Khayat , Iustina-Miruna Vintila , Nikhil Singh Shekhawat
- Applicant: ROYAL BANK OF CANADA
- Applicant Address: CA Toronto
- Assignee: ROYAL BANK OF CANADA
- Current Assignee: ROYAL BANK OF CANADA
- Current Assignee Address: CA Toronto
- Agency: Norton Rose Fulbright Canada LLP
- Main IPC: G06Q20/36
- IPC: G06Q20/36 ; G06Q20/02 ; G06Q20/10 ; G06Q20/12 ; G06Q20/20 ; G06Q20/32 ; G06Q20/38 ; G06Q20/40 ; G06Q30/0226 ; G06Q40/03

Abstract:
Systems, methods, and machine-executable data structures for the processing of data for the secure creation, administration, manipulation, processing, and storage of electronic data useful in the processing of electronic payment transactions. Aspects of such methods, systems, and data structures include providing at an electronic device, an output indicating that a dynamically-configured electronic token is in a transaction-ready state, where the dynamically-configured electronic token is associated with a plurality of loyalty accounts; in response to one or more signals providing information regarding a location of the electronic device, obtaining token data associated with a loyalty account of the plurality of loyalty accounts corresponding to the location of the electronic device; and via a data communication interface, route a token, generated from the token data, for processing at a transaction processing system.
Public/Granted literature
- US20220391883A1 SYSTEM AND METHOD FOR LOCATION-BASED TOKEN TRANSACTION PROCESSING Public/Granted day:2022-12-08
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