VIRTUAL PAYMENT PROCESSING SYSTEM

Patent №

US 11,348,107

Granted

2022-05-31

Filed 2021

Owner

CHICAGO MERCANTILE EXCHANGE INC.

Lab

AI components

1

planning

Assignment

Recorded

Dataset

AIPD

2023_r1 edition

Application

17200222

A system, apparatus, and method for resolving a data transaction is provided in which data transactions are resolved by a hardware matching processor that identifies data transaction requests received from client devices over a data communication network, matches incoming transaction requests with previously received transaction requests, and, based thereon, transmits electronic data transaction results messages to the client device. An incoming data transaction request is received and a match is attempted with one or more previously received but not yet resolved data transaction requests. It is identified whether either the incoming data transaction request or the matching data transaction request are dependent on the resolution of another data transaction request and whether that dependent data transaction request has been resolved. The data transaction requests are resolved and/or stored based on the match and resolution of dependencies.

PlanningG06Q 20/4014G06Q 20/383G06Q 20/385G06Q 20/42G06Q 40/02

AI classification

Planning0.98
AI hardware0.04
Knowledge representation0.03
Natural language0.01
Vision0.01
Machine learning0.00
Evolutionary computation0.00
Speech0.00

Ownership

CHICAGO MERCANTILE EXCHANGE INC.

assignment · 556170594

Assignors

STUDNITZER, ARI

On an employer assignment, the assignors are typically the inventors.

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