PATENT CLAIM ANALYSIS

Application Number: 16008861
Application Type: Utility
Filing Date: 2018-06
Publication Date: 2019-01
Patent Classification: ["705", "037000"]

Abstract:
In various embodiments, processes, methods, tools, strategies, and techniques are provided for linking an investment card to an investment card account including one or more securities or other assets. At least one value associated with the investment card can be linked to the value of a security within the investment card account. The investment card can be employed in a variety of transactions, such as purchase transactions involving products or services.

Claim (Index 119):
An improved electronic card payment system, comprising:\n a card medium associated with an investment card account of a cardholder, wherein the investment card account is issued by an issuer to the cardholder, and wherein the investment card account is associated with at least first and second wallets of the cardholder, wherein the first wallet comprises an investment account wallet of the cardholder that is backed by financial securities held by the cardholder in an investment account and the second wallet comprises a cash account wallet backed by cash held by the cardholder; a merchant card payment system that is in communication with an electronic card payment network, wherein the merchant card payment system is for:\n receiving payment information from the card medium for an intended purchase to be made by the cardholder with the card medium; and \n upon receiving the payment information, transmitting, via the electronic card payment network, data about the intended purchase, wherein the data comprises a purchase price for the intended purchase; and \n an issuer computing system of the issuer, wherein the issuer computing system is for:\n receiving, via the card network, the data about the intended purchase with the card medium; \n upon receiving the data about the intended purchase, applying a hierarchical wallet payment algorithm to determine:\n a sequence in which the first and second wallets will be accessed to pay for the purchase; \n upon a determination, based on the sequence, that the first wallet is to fund an investment account payment amount that is, in part or in whole, the purchase price for the intended purchase, whether there are sufficient funds in the first wallet for the investment account payment amount, wherein determining whether there are sufficient funds in the first wallet for the investment account payment amount comprises determining funds available from the first wallet based on a transaction value of the financial securities backing the first wallet, wherein the transaction value of the financial securities is a function of, and less than, a market value of the financial securities, \n \n upon a determination that there are sufficient funds in the first and second wallets of the cardholder to make the purchase, including sufficient funds in the first wallet to make the investment account payment amount:\n sending an authorization code to the merchant card payment system via the electronic card payment network that the purchase is authorized; and \n upon a determination pursuant to the hierarchical wallet payment algorithm that the funds for the purchase are to be paid, at least in part, from the wallet, determining, using a transactions valuation algorithm, a number of shares of the financial securities in the investment account to be redeemed in order to cover the investment account payment amount from the first wallet.

Metadata:
- Claim Count in Document: 27.0
- Percentile: 94.0
- Lexical Diversity: 1.56863
- Patent Class: 705.0
- Transitional Phrase Type: open
- Component Type: 1
- Foreign Priority: False
- Related Applications: ['13248037', '14186283', '14714684', '10619304', '11461951']

Analysis Scores:
- 35 USC 101 Eligibility (BERT): 0.0983823921385615
- 35 USC 102 Novelty (BERT): 0.4923524452731634
- Combined Prediction Score: 0.1377793974520217
- Mean Citation Score: 209.310874
- Max Citation Score: 213.55223
- Similarity Product: 153.3592541640401

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

Dataset: test