PATENT CLAIM ANALYSIS

Application Number: 15774571
Application Type: Utility
Filing Date: 2018-05
Publication Date: 2018-11
Patent Classification: ["705", "044000"]

Abstract:
This invention relates to a financial transaction system and to a method of operating the same. The system comprises a database configured to store data in a secure fashion; and processors comprising a purchaser receiver module, a security code generating module, a code transmission module, and a merchant receiver module. The purchaser receiver module is configured to receive transaction data associated with a transaction. The security code generating module is configured to generate a timed transaction linked security code in response to receiving transaction data. The code transmission module is operable to transmit the security code for use by a purchaser. The merchant receiver module is configured to receive a security code transmitted by a merchant at an endpoint device, wherein the merchant transmitted code is received from a purchaser in respect of a transaction; and determine whether the security code received is valid so as to process the transaction.

Claim (Index 22):
A method as claimed in  claim 16 , wherein the method comprises receiving a selection of merchant terms and conditions applicable to a transaction from a merchant, and wherein the method comprises receiving acceptance of the merchant terms and conditions from the purchaser for the transaction in order for the transaction to be processed.

Metadata:
- Claim Count in Document: 50.0
- Percentile: 93.0
- Lexical Diversity: 2.49231
- Patent Class: 705.0
- Transitional Phrase Type: none
- Component Type: 0
- Foreign Priority: True
- Related Applications: ['13746904', '09754465', '14135555', '10066174', '12479738']

Analysis Scores:
- 35 USC 101 Eligibility (BERT): 0.1296575105778631
- 35 USC 102 Novelty (BERT): 0.4980453403109733
- Combined Prediction Score: 0.1664962935511741
- Mean Citation Score: 236.46786200000005
- Max Citation Score: 243.42903
- Similarity Product: 169.569228398273

Labels:
- Claim Label 101: 1
- Claim Label 102: 1
- Claim Label 103: 1
- Claim Label 112: 1
- Combined Label: 1
- Label 101 Adjusted: 0

Dataset: test