Visa. has filed a patent for a system that matches payment requests with transaction details in real-time, using data processors and payment service data. The system can quickly identify relevant offers and generate future offers based on transaction characteristics. GlobalData’s report on Visa gives a 360-degree view of the company including its patenting strategy. Buy the report here.

According to GlobalData’s company profile on Visa, Contactless Card Payments was a key innovation area identified from patents. Visa's grant share as of January 2024 was 41%. Grant share is based on the ratio of number of grants to total number of patents.

Real-time matching system for payment service transactions

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

The patent application (Publication Number: US20240037521A1) describes a system and method for cross-matching data from different real-time database systems. The system includes a transaction processor that receives data sets for transactions from merchants and processes payments based on the data sets. The system also features a decision engine with buffers for queuing incoming data and matching logic to determine if two transactions are the same based on transaction times. An operations module interfaces with an offers engine and a payment service to manage data flow and generate user interface code incorporating offer data.

The method outlined in the patent involves receiving datasets related to transactions from a payment service and a data processor, matching these transactions in real-time at the decision engine, and sending transaction data to an offers engine via an operations module. The method also includes storing datasets in an activity database, queuing data in buffers, and managing data flow based on transaction times. The decision engine utilizes matching logic and a FIFO controller to ensure efficient processing and matching of transactions. Overall, the system and method aim to streamline the matching of transactions across different systems and provide users with relevant offers based on their transaction history.

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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.