PATENT CLAIM ANALYSIS

Application Number: 16298405
Application Type: Utility
Filing Date: 2019-03
Publication Date: 2019-09
Patent Classification: ["705", "075000"]

Abstract:
A system and method for coordinating processing of a funds transfer transaction between a transaction requestor and a transaction responder over a communications network. The transaction system comprises receiving a funds amount, requestor identification information, and responder identification information, such that at least one of the funds amount, the requestor identification information, or the responder identification information is encoded in symbology information embodied in a barcode. The system also decodes the symbology information into unencoded information using a coding scheme of the barcode and generates a funds transfer request for the funds transfer transaction, such that the funds transfer request has content including the unencoded information decoded from the symbology information. The system also sends the funds transfer request to a transaction processing system for subsequent settlement, as well as receives transaction confirmation messages.

Claim (Index 19):
A method for coordinating processing of a funds transfer transaction between a transaction requestor and a transaction responder over a communications network, the method comprising:\n receiving a funds amount, requestor identification information, and responder identification information, such that at least one of the funds amount, the requestor identification information, or the responder identification information is encoded in symbology information embodied in a barcode; decoding, using a computer processor, the symbology information into unencoded information using a coding scheme of the barcode; generating, using the computer processor, a funds transfer request for the funds transfer transaction, the funds transfer request having content including the funds amount and financial account information pertaining to at least one of the requestor identification information or the responder identification information, such that at least a portion of the content includes the unencoded information decoded from the symbology information; and sending the funds transfer request to a transaction processing system for subsequent settlement.

Metadata:
- Claim Count in Document: 20.0
- Percentile: 99.0
- Lexical Diversity: 2.33871
- Patent Class: 705.0
- Transitional Phrase Type: open
- Component Type: 1
- Foreign Priority: False
- Related Applications: ['14087195', '13397233', '15693545', '14603886', '15149659']

Analysis Scores:
- 35 USC 101 Eligibility (BERT): 0.1724232271334309
- 35 USC 102 Novelty (BERT): 0.5870243165179819
- Combined Prediction Score: 0.2138833360718861
- Mean Citation Score: 488.667018
- Max Citation Score: 506.56384
- Similarity Product: 471.99203522720353

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

Dataset: test