BCE has been granted a patent for a method involving online transactions. The method includes determining logical identifiers for communication over a network and allowing a third party to act as a payer for transactions. The patent aims to streamline online transactions and enhance user experience. GlobalData’s report on BCE gives a 360-degree view of the company including its patenting strategy. Buy the report here.
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According to GlobalData’s company profile on BCE, Rebate eligibility processing was a key innovation area identified from patents. BCE's grant share as of May 2024 was 64%. Grant share is based on the ratio of number of grants to total number of patents.
Third-party payer voucher for online transactions
A recently granted patent (Publication Number: US11947607B2) outlines a method for monitoring network traffic of an internet service provider's (ISP) subscriber to track activity associated with a logical identifier assigned to a subscriber device. The method involves generating a voucher indicating that a third party has agreed to act as a payer for a potential future transaction by the subscriber at a network server. This voucher includes the logical identifier and a time-out period for the third party to act as the payer. The voucher is then transmitted to the network server to facilitate a specific future transaction within the specified time frame.
Furthermore, the patent details additional steps such as determining the logical identifier from monitored network traffic, providing the subscriber with the option to confirm the third party as the payer before generating the voucher, and including restrictions in the voucher related to the future transaction. These restrictions could involve pecuniary or temporal limitations on the online transaction. The network server in question is typically associated with an online merchant, and the voucher may also contain details of a payment instrument. The patent also covers identifying the customer linked to the logical identifier and setting restrictions, like a maximum dollar amount per transaction, for transactions involving that customer.
To know more about GlobalData’s detailed insights on BCE, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData Patent Analytics tracks bibliographic data, legal events data, point in time patent ownerships, and backward and forward citations from global patenting offices. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
