Hybrid credit card transaction system
CA 2441547 C · Owner: Spear, Kevin W. · Inventors: Spear, Kevin W.
Overview
Its claims, description and drawings are in the Canadian Patents Database.
Open the CIPO recordAbstract From the Canadian patent
A hybrid credit card transaction system that processes transactions as either virtual standard transactions directed through a clearing house or as virtual closed loop transactions bypassing the clearinghouse is disclosed. The system , includes a logic enabled merchant that directs virtual closed loop transactions and directs them to an affiliated acquiring entity which acquires the virtual closed loop transactions and routes them directly to an affiliated card issuing entity so as to bypass the clearinghouse. The affiliated card issuing entity debits virtual standard transactions to a credit card account and virtual closed loop transactions to a private label account. The logic …
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Listed from its CIPO record in Patent Yard's archive of Canadian patents past their term. Its claims, description and drawings are in the CIPO record and on Google Patents, and the Claude kit works from them.
Why it's free to use
- Filed March 20, 2002 and granted July 30, 2013. A Canadian patent filed from October 1, 1989 lasts 20 years from filing, so its term ended March 20, 2022.
- A certificate of supplementary protection adds at most two years for a drug, so even that would have ended by March 20, 2024.
- We check Canadian rights only. A patent in its family in another country could still be in force: check its family on Google Patents.
Timeline
Timeline From CIPO dates
Sources & verification
Official CIPO records
Everything on this page comes from the CIPO record linked above. Contains information licensed under the Open Government Licence – Canada.