JOYY. has been granted a patent for a backend architecture method that facilitates an aggregated payment system for merchants. This system utilizes a multi-layer server/client configuration to process transactions efficiently by matching transaction information with appropriate transaction nodes based on client location and service type. GlobalData’s report on JOYY 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 JOYY, was a key innovation area identified from patents. JOYY's grant share as of July 2024 was 49%. Grant share is based on the ratio of number of grants to total number of patents.
Aggregated payment architecture for merchants and transaction processing
The patent US12073405B2 outlines a method and system for an aggregating payment architecture designed for merchants, facilitating a unified interface for processing customer payment transactions across multiple payment channels. This architecture includes a multi-layer server/client configuration, where merchants utilize client POS terminals in electronic communication with a central server. The system connects to various third-party payers, each represented by a transaction object, and incorporates three independent software service layers: a front-end service access layer, a core service layer with globally distributed transaction nodes, and a channel docking layer that provides electronic gateways for transaction processing. The architecture is designed to ensure consistent transaction processing by maintaining logical independence among channels and utilizing a relay server for transaction node redundancy.
The method further details the steps involved in processing transactions, including acquiring transaction information, verifying it through encryption protocols, and assigning it to appropriate transaction nodes based on jurisdiction and service type. The system is capable of dynamically adjusting to the usage state of transaction nodes, ensuring efficient processing by reassigning transactions as needed. Additionally, it includes mechanisms for handling exceptions during transaction processing, such as creating unique order numbers and managing asynchronous tasks. The architecture is designed to provide a seamless experience for clients, allowing them to interact with various transaction nodes through a unified scheduling interface, thereby enhancing the overall efficiency and reliability of payment processing for merchants.
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