Intellectual Property India Publishes Patent Application for 'Systems And Methods For Communication And Negotiation Of Request For Payment Over Payment Networks' Filed by Jpmorgan Chase Bank, N. A.

MUMBAI, India, June 13 -- Intellectual Property India has published a patent application (202517049294 A) filed by Jpmorgan Chase Bank, N. A., New York, on May 22, for 'systems and methods for communication and negotiation of request for payment over payment networks.'

Inventor(s) include Vudathu, Raghu; Lillie, Christy; Martei, Joe; and Hwang, Bodhi.

The application for the patent was published on June 13, under issue no. 24/2025.

According to the abstract released by the Intellectual Property India: "A method may include a first party computer program: (1) receiving, a first real-time communication comprising a first offer for a first amount from a second party computer program; (2) partially accepting the first offer, causing first funds to be transferred to a second party account from a first party account; sending a second real-time communication to the second computer program comprising a partial acceptance of the first offer and a second offer for a second amount; (3) receiving, from the second computer program, partial acceptance of the second offer and a third offer for a third amount, causing second funds to be transferred to the second party account from the first party account; and (4) accepting the third offer, causing third funds to be transferred to the second party account associated from the first party account."

The patent application was internationally filed on Dec. 01, 2023, under International application No.PCT/US2023/082150.

Disclaimer: Curated by HT Syndication.