Marqeta. has filed a patent for a system where server computers can efficiently process components of a card processing protocol by determining dependencies and creating groups that can be executed in parallel within a limited time period. GlobalData’s report on Marqeta 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 Marqeta, Social commerce was a key innovation area identified from patents. Marqeta's grant share as of January 2024 was 43%. Grant share is based on the ratio of number of grants to total number of patents.
Efficient card processing protocol with parallel execution
A computer-implemented method for transaction processing has been detailed in a patent application (Publication Number: US20230385826A1). The method involves identifying components for a transaction, mapping dependencies between these components, and generating sequential processing groups based on a topological ordering. The processing server handles these components in a structured manner, allowing for parallel processing of certain groups while waiting for responses from other components. This method aims to efficiently validate transactions by processing components independently and in a coordinated manner.
Furthermore, the patent application describes a transaction processing server that executes the method outlined above. The server includes a processing system and computer memory with instructions to perform the operations related to identifying, mapping, and processing transaction components. By organizing components into sequential groups and processing them based on dependencies, the server can effectively validate transactions. Additionally, the server can pause and resume processing based on responses received, ensuring a streamlined validation process. Overall, this innovative approach to transaction processing aims to enhance efficiency and accuracy in validating transactions, particularly in the context of e-commerce and card processing protocols.
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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.
