What's New in Payments

Amex applies for personalized blockchain rewards patent

American Express eyes blockchain for customer rewards systems — CoinDesk — “A new patent application published last week by the US Patent and Trademark Office details a concept for offering customer-specific types of rewards (including points, a virtual currency or specific items tied to a product). The filing indicates the financial giant would make these offers by compiling personalized data about the customer, such as their historic spending patterns.”


What's New in Payments

Mastercard applies for blockchain B2B payments patent

Method and system for recording point to point transaction processing — USPTO — “The present disclosure relates to the recording, processing, and displaying of point to point transactions, specifically providing a trade directory of parties in a secure environment, a ledger of transactions, and the settlement of aggregated person-to-person (P2P) and business-to-business (B2B) electronic payment transactions between bank accounts and third parties using a single transaction processing system.”


What's New in Payments

Huawei Pay to launch in the US?

Huawei Pay to launch on Android in the US, trademark suggests — Android Headlines — “The Huawei Pay Android service may be coming to the United States, as suggested by a new trademark application which the Chinese original equipment manufacturer submitted to the US Patent and Trademark office on Saturday… News of Huawei’s latest move comes less than a month after the Shenzhen, China-based tech giant filed for an identical trademark in Europe where the European Union Intellectual Property Office is also still examining its request.”









Apple gets face verification patent

Apple has been granted a patent from the United States Patent and Trademark Office for an authentication system to allow owners to unlock content on their devices by taking a picture of their face... More




Google files contact lens authentication patent

Google has filed a patent with the US Patent and Trademark Office that describes a contact lens which collects reflected light through sensors to assemble an image of the iris that is then matched against a stored image to authenticate the wearer... More





What's New in Payments

Patent provides insights into the inner workings of Apple Pay

Apple Pay patent application

A newly published Apple patent application provides insights into how the iPhone maker’s new Apple Pay service will work, how the company has optimized the iPhone’s NFC capabilities to ensure the best possible user experience at the point of sale, and how secure payment credentials will be provisioned onto secondary devices such as the Apple Watch... More