Toast. has been granted a patent for a method facilitating transaction handoff. This involves registering payment instruments, associating them with tokens, and using a server to manage notifications and transaction details between a guest device and a point-of-sale terminal for seamless transaction completion. GlobalData’s report on Toast gives a 360-degree view of the company including its patenting strategy. Buy the report here.

According to GlobalData’s company profile on Toast, Transaction splitting was a key innovation area identified from patents. Toast's grant share as of July 2024 was 70%. Grant share is based on the ratio of number of grants to total number of patents.

Transaction handoff method using indirect and ephemeral tokens

Source: United States Patent and Trademark Office (USPTO). Credit: Toast Inc

The patent US12067547B2 outlines a method and system for facilitating the handoff of a transaction for completion, primarily through a server and a point-of-sale (POS) terminal. The process begins with the server registering payment instrument data, such as credit card information, and associating it with both an indirect payment authorization token and an ephemeral transaction authorization token. This data is stored in a payment token database, which also includes a push notification device identifier linked to a guest device, typically a smartphone. The POS terminal receives the indirect payment authorization token and transmits it to the server along with transaction details. In response, the server sends the ephemeral transaction authorization token to the guest device, which is then read by the POS terminal to authorize the transaction handoff for a limited time.

The system further enhances the transaction process by utilizing push notifications to communicate with the guest device. Upon acceptance of a push notification, the POS terminal displays transaction details that mirror what is shown on the guest device. The server subsequently receives transaction completion data, which may include additional information such as a tip amount, and finalizes the transaction while notifying the POS terminal of its completion. The claims also specify various forms of indirect payment authorization tokens, including room keys, identification badges, event tickets, and transportation tickets, demonstrating the method's versatility in different transaction contexts.

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