{
  "patent_number": "US 12100000",
  "country": "US",
  "title": "How Digital Wallets Pull Data From Multiple Sources for Payments",
  "original_title": "Bifurcated digital wallet systems and methods for processing transactions using information extracted from multiple sources",
  "summary": "A system that lets a digital wallet gather and combine account information from different companies to help a user complete a payment transaction.",
  "what_it_does": "This patent describes a digital wallet system that acts as a middleman between a user, a merchant, and multiple data sources. When a user starts a payment, the system pulls authentication data from a primary account, such as a bank or payment processor. Once that is verified, the system automatically reaches out to other servers to pull in additional details, like contact info or secondary payment options, from different entities. It then bundles all this information together and sends it to the merchant to finalize the transaction. For example, it could pull your bank details for the payment and your social media profile for shipping address verification simultaneously.",
  "what_it_does_not_cover": [
    "Does not cover systems that only pull data from a single source or entity.",
    "Does not cover transactions where the user is not given the opportunity to review or update the authentication information before it is sent.",
    "Does not cover offline payment processing that does not involve a merchant server or remote authentication server.",
    "Does not cover systems that do not perform an automated secondary query to a different entity after the initial authentication."
  ],
  "filed": "2022-03-01",
  "granted": "2024-09-24",
  "expires": null,
  "status": "active",
  "holder": "Paymentus Corp",
  "holder_url": "https://patentbrief.org/company/paymentus-corp",
  "inventors": [
    {
      "name": "Murali B. Subbarao",
      "url": "https://patentbrief.org/inventor/murali-b-subbarao"
    },
    {
      "name": "Srinivas S. Sunkara",
      "url": "https://patentbrief.org/inventor/srinivas-s-sunkara"
    },
    {
      "name": "Suzzanne D. Usiskin",
      "url": "https://patentbrief.org/inventor/suzzanne-d-usiskin"
    }
  ],
  "times_cited": 0,
  "tags": [
    "finance",
    "software",
    "ecommerce",
    "telecommunications"
  ],
  "abstract": "A system and method for creating and accessing a bifurcated digital wallet is described. The method comprises of processor implemented steps of authenticating by an authentication server one or more authentication information sent by a user terminal to the authentication server; extracting a first set of information by the authentication server based on the authentication of the authentication information; extracting a second set of information by one or more second servers based on the authentication of the authentication information; collating the first set of information and second set of information and displaying the collated information at the user terminal for processing a transaction.",
  "url": "https://patentbrief.org/patent/us/12100000/starship-mars-edl",
  "markdown_url": "https://patentbrief.org/patent/us/12100000/starship-mars-edl/md",
  "google_patents_url": "https://patents.google.com/patent/US12100000",
  "relatedPatents": []
}