Global Payments has been granted a patent for a method that allows patrons to use their wireless devices to make transactions at touchpoints in businesses. This includes purchasing gaming credit at a casino without funds passing through the patron’s phone. The system involves transmitting information to a transaction server for authorization and facilitating the transaction seamlessly. GlobalData’s report on Global Payments 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 Global Payments, Cryptocurrency wallets was a key innovation area identified from patents. Global Payments's grant share as of January 2024 was 65%. Grant share is based on the ratio of number of grants to total number of patents.
Facilitating wireless transactions for patrons at touchpoints
A recently granted patent (Publication Number: US11869306B2) outlines a method for facilitating transactions for patrons using wireless devices at touchpoints associated with businesses. The method involves transmitting patron-identifying information to a transaction server, reading touchpoint IDs, authorizing transactions, and providing goods or services to patrons. Specifically designed for gaming establishments, the method allows for the purchase of gaming credit at gaming tables, with steps for generating and redeeming gaming vouchers. The system ensures that monetary value for transactions does not electronically pass through the wireless device or the patron's account, maintaining security and efficiency in the process.
Furthermore, the patent includes detailed claims for various components of the system, such as wireless devices, transaction servers, kiosks, printers, and gaming establishments. These components work together to enable seamless transactions, including the generation of encrypted transaction packages and the printing of paper vouchers for gaming credits. The method also includes safeguards such as setting voucher-redemption timers and cancellation protocols to ensure smooth operations. Overall, the patented system offers a secure and efficient way for patrons to engage in transactions at touchpoints, particularly in gaming establishments, while maintaining the integrity of the process and protecting sensitive information.
To know more about GlobalData’s detailed insights on Global Payments, buy the report here.
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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.
