PayPal has been granted a patent for a system and method that allows users to delegate account access to others for shared use of funding sources. The technology enables secure login and transaction processing on merchant applications, ensuring seamless and controlled access to shared funding sources. GlobalData’s report on PayPal gives a 360-degree view of the company including its patenting strategy. Buy the report here.
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According to GlobalData’s company profile on PayPal, Social commerce was a key innovation area identified from patents. PayPal's grant share as of April 2024 was 57%. Grant share is based on the ratio of number of grants to total number of patents.
Facilitating account access delegation for electronic transactions
A recently granted patent (Publication Number: US11966923B2) discloses a system that enables shared use of a funding source between different user accounts on a merchant's application. The system involves receiving a redirected login request from the merchant's application, determining permission for shared use of the funding source, and facilitating the login of the first user account with the shared funding source. This process involves masking the second user account during the transaction, allowing the merchant to perceive the first user account as the initiator of the transaction. The system also includes validation checks for the identity of the first user account and verification of the funding instrument's sufficiency for the transaction.
Furthermore, the patent describes a method and a non-transitory machine-readable medium with similar functionalities for enabling shared use of a funding source between user accounts on a merchant's application. The method involves receiving a login request, determining permission for shared use, and facilitating the login of the first user account with the shared funding source. Similar to the system, the method includes validation checks for user identity and verification of funding instrument sufficiency. The non-transitory machine-readable medium stores instructions for performing these operations, ensuring the secure and efficient shared use of funding sources between user accounts on the merchant's application. The patent also highlights the delegation of access to the funding source by a second user, along with specifying restrictions such as time periods, authorized merchants, monetary limits, and approved product categories for the shared use.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData Patent Analytics tracks bibliographic data, legal events data, point in time patent ownerships, and backward and forward citations from global patenting offices. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
