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 15):
A financial transaction system as claimed in  claim 14 , wherein the system comprises a payment processing module configured, in response to the merchant receiver module determining that a received security code is valid to:\n generate and transmit a merchant acceptance message comprising all or some of the transaction data to an endpoint device associated with the merchant, wherein the merchant acceptance message prompts the merchant for an acceptance response for the transaction; generate and transmit a purchaser acceptance message to the endpoint device associated with the purchaser, wherein the purchaser acceptance message prompts the purchaser for an acceptance response for the transaction; and in response to receiving acceptance responses from the merchant and the purchaser, transmitting a message to the mobile wallet provider to process the transaction.

Metadata:
- Claim Count in Document: 50.0
- Percentile: 93.0
- Lexical Diversity: 2.49231
- Patent Class: 705.0
- Transitional Phrase Type: open
- Component Type: 1
- Foreign Priority: True
- Related Applications: ['13746904', '09754465', '14135555', '10066174', '12479738']

Analysis Scores:
- 35 USC 101 Eligibility (BERT): 0.1170359458020194
- 35 USC 102 Novelty (BERT): 0.493459257889997
- Combined Prediction Score: 0.1546782770108172
- Mean Citation Score: 236.46786200000005
- Max Citation Score: 243.42903
- Similarity Product: 175.15030790452124

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

Dataset: test