PATENT CLAIM ANALYSIS

Application Number: 15954287
Application Type: Utility
Filing Date: 2018-04
Publication Date: 2019-08
Patent Classification: ["705", "044000"]

Abstract:
A system and method for monetary transaction are provided. The system includes a storage module configured to receive and store one or more credentials of at least one unique identity of a user and one or more credentials of at least one unique identity of a merchant. The system also includes a processing subsystem configured to verify the one or more credentials of the at least one unique identity of the user and the one or more credentials of the at least one unique identity of the merchant. The processing subsystem is also configured to register the user and the merchant with one or more financial institutions based on a verified result. The system further includes a transaction module configured to authenticate the monetary transaction between the user and the merchant through a communication medium. The transaction module is also configured to process the monetary transaction.

Claim (Index 4):
The system ( 10 ) as claimed in  claim 1 , wherein the one or more financial institutions comprises a bank, a credit union, insurance company or a mortgage company.

Metadata:
- Claim Count in Document: 3.0
- Percentile: 91.0
- Lexical Diversity: 2.98039
- Patent Class: 705.0
- Transitional Phrase Type: none
- Component Type: 0
- Foreign Priority: True
- Related Applications: ['13418196', '12414323', '15708619', '15435874', '10269033']

Analysis Scores:
- 35 USC 101 Eligibility (BERT): 0.1247555912756942
- 35 USC 102 Novelty (BERT): 0.4762712924985756
- Combined Prediction Score: 0.1599071613979824
- Mean Citation Score: 203.405152
- Max Citation Score: 210.82777
- Similarity Product: 170.9210637810701

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

Dataset: test