System and method for electronically exchanging value among distributed users
CA 2758331 C · Owner: Paypal, Inc. · Inventors: Thiel, Peter; Nosek, Luke; Levchin, Max
Overview
Its claims, description and drawings are in the Canadian Patents Database.
Open the CIPO recordAbstract From the Canadian patent
A system and method are provided for facilitating a value exchange transaction involving multiple parties. The system may comprise a synchronization server for exchanging transaction details with client devices a communication server for registering new users a financial server for interacting with external financial institutions and a security server for ensuring the security for value exchange transactions. In one method a first party initiates a transaction on a client (e.g. a mobile computing device) by selecting or inputting an identifier (which may be pre-existing such as a telephone number) of another party and a value to be exchanged. The transaction may be conducted while the …
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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 April 28, 2000 and granted April 19, 2016. A Canadian patent filed from October 1, 1989 lasts 20 years from filing, so its term ended April 28, 2020.
- A certificate of supplementary protection adds at most two years for a drug, so even that would have ended by April 28, 2022.
- 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.