Utilizing phrase tokens in transactions

Patent metadata

Field	Value
Publication number	US-10019708-B2
Application number	US-54811106-A
Country	US
Kind code	B2
Filing date	Oct 10, 2006
Priority date	Aug 25, 2006
Publication date	Jul 10, 2018
Grant date	Jul 10, 2018

Abstract

A system and method for facilitating transactions utilizing phrase tokens are provided. Individual entities can be associated with unambiguous transaction phrase tokens, such as multiple word phrases. The transaction phrase tokens are associated with transaction accounts by a service provider such that the entities can complete a transaction without having to exchange transaction account information. In a transaction, a transaction phrase token is offered to an accepting party, which tenders the offered transaction phrase token to the service provider. The service provider processes the offered transaction phrase token according to configuration information specified for the transaction phrase token. The service provider can automatically process the transaction request or request additional information.

First claim

The invention claimed is:

1. A system for facilitating transactions comprising:
a computing system, having a processor and a memory, for executing programmable instructions that implement a data store, the data store including processing information associated with one or more transaction phrase tokens,
wherein the one or more transaction phrase tokens are associated with transaction accounts via the processing information, and
wherein at least one transaction phrase token of the one or more transaction phrase tokens consists of an unambiguous set of characters selected in its entirety by a transaction phrase token holder; and

a computing system, having a processor and a memory, for executing programmable instructions that implement a transaction phrase token processing service, the transaction phrase token processing service processing a request from a requestor to complete a transaction related to a good or service, wherein the request includes a representation of a selected transaction phrase token provided verbally or in writing by a transaction phrase token holder to the requestor,
wherein the transaction phrase token processing service accesses the processing information associated with the selected transaction phrase token,
wherein the processing information associated with the selected transaction phrase token:
identifies a transaction account associated with the selected transaction phrase token based on a transaction account identifier distinct from the selected transaction phrase token, and
comprises one or more rules for processing transactions related to goods or services, and

wherein the transaction phrase token processing service:
identifies a rule from the one or more rules included in the processing information, wherein the identified rule is associated with the good or service related to the request;
processes the request using the identified rule;
sends an approval request to the transaction phrase token holder regarding the processed request;
receives a response to the approval request from the transaction phrase token holder;
updates the identified rule based at least in part on the response to the approval request that is received from the transaction phrase token holder; and
automatically accepts or rejects a subsequent request to complete a transaction based at least in part on the update of the identified rule.

2. The system as recited in claim 1 , wherein the transaction account is controlled by the transaction phrase token holder.

3. The system as recited in claim 1 , wherein the transaction includes a transfer of control of an agreed upon element from a party other than the transaction phrase token holder to the transaction phrase token holder.

4. The system as recited in claim 3 , wherein the transaction phrase token processing service facilitates the transfer of control of the agreed upon element from a seller to the transaction phrase token holder.

5. The system as recited in claim 1 , wherein the transaction phrase token processing service updates the processing information based upon receipt of an approval by the transaction phrase token holder corresponding to the transaction phrase token.

6. The system as recited in claim 5 , wherein the approval instructs the transaction phrase token processing service to automatically accept subsequent transactions with an identified vendor associated with a request to complete a transaction.

7. The system as recited in claim 5 , wherein the approval instructs the transaction phrase token processing service to automatically accept subsequent transactions with an item associated with a request to complete a transaction.

8. The system as recited in claim 5 , wherein the approval instructs the transaction phrase token processing service to automatically accept subsequent transactions having a defined or specified value associated with a request to complete a transaction.

9. The system as recited in claim 1 , wherein the transaction phrase token processing service further updates the processing information based upon receipt of a rejection by the transaction phrase token holder corresponding to the at least one transaction phrase token.

10. The system as recited in claim 9 , wherein the rejection instructs the transaction phrase token processing service to automatically reject subsequent transactions with an identified vendor associated with a request to complete a transaction.

11. The system as recited in claim 9 , wherein the rejection instructs the transaction phrase token processing service to automatically reject subsequent transactions with the good or service associated with the request.

12. The system as recited in claim 9 , wherein the rejection instructs the transaction phrase token processing service to automatically reject subsequent transactions having a defined or specified value associated with a request to complete a transaction.

13. The system as recited in claim 1 , wherein the set of characters corresponds to a set of one or more alphanumeric characters.

14. The system as recited in claim 1 , wherein the set of characters in their entirety have a secondary meaning to a transaction phrase token holder.

15. The system as recited in claim 1 , wherein the transaction phrase token is unambiguous among a class of transaction phrase tokens.

16. The system as recited in claim 1 , wherein the transaction phrase token processing service assigns new transaction phrase tokens, wherein each new transaction phrase token corresponds to an unambiguous set of characters associated with a transaction account, wherein the set of characters consists of a set of characters selected in their entirety by a transaction phrase token holder.

17. The system as recited in claim 16 , wherein the transaction phrase token processing service further causes a display of a user interface for obtaining a target transaction phrase token and determining whether the target transaction phrase token is unambiguous.

18. The system as recited in claim 17 , wherein the transaction phrase token service further suggests at least one available transaction phrase token via the user interface.

19. The system as recited in claim 18 , wherein each suggested transaction phrase token corresponds to a recommendation based on a transaction phrase token holder profile.

20. The system as recited in claim 19 , wherein the recommendations are based upon a set of characters associated with data corresponding to the transaction phrase token holder profile.

21. The system as recited in claim 19 , wherein the recommendations are based upon a search of a set of available transaction phrase tokens.

22. The system as recited in claim 1 , wherein the transaction phrase token corresponds to a transaction account previously associated with another transaction phrase token.

23. The system as recited in claim 1 , wherein the transaction phrase token processing service further provides a marketplace for transferring control of a transaction phrase token.

24. The system as recited in claim 1 , wherein the transaction phrase token processing service further provides an interface for associating metadata with transaction phrase tokens.

25. The system as recited in claim 1 , wherein the processing information associated with the selected transaction phrase token includes a specification of at least one of an acceptable transaction amount, an acceptable vendor, an acceptable transmitting party, a

Assignees

• Agarwal Amit D
• George Michael M
• Freed Ian W
• Bezos Jeffrey P
• Vosshall Peter S
• Amazon Tech Inc

Inventors

• Agarwal Amit D
• George Michael M
• Freed Ian W
• Bezos Jeffrey P
• Vosshall Peter S

Classifications

• G06F40/284 Primary

  Lexical analysis, e.g. tokenisation or collocates · CPC title

• G06F40/154

  Tree transformation for tree-structured or markup documents, e.g. XSLT, XSL-FO or stylesheets · CPC title

• G06Q20/40

  Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists · CPC title

• G06Q20/10

  specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems · CPC title

• G06Q30/0603

  Catalogue creation or management · CPC title