Western Union has been granted a patent for a system that enhances secure transaction functionality within host applications on client devices. The system processes sender and receiver data, determines user interface components based on specific rules, and transmits tailored transaction interfaces via a content delivery network. GlobalData’s report on Western Union 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 Western Union, was a key innovation area identified from patents. Western Union's grant share as of July 2024 was 83%. Grant share is based on the ratio of number of grants to total number of patents.
Secure transaction functionality for host applications
The patent US12047471B2 describes a system designed to facilitate secure transactions through a transaction user interface. The system comprises one or more processing devices and memory that stores executable instructions. These instructions enable the processing devices to perform various operations, including receiving specifications for a first set of rules from a remote system, processing transaction data from a client device, and determining interface components based on the received rules. The system also establishes a first transaction user interface, assigns an expiration time, and selects a content delivery network (CDN) server to transmit the user interface data to the client device. Notably, the system ensures that the user interface is valid according to the specified rules, while also managing the validity of prior versions of the interface.
Additionally, the patent outlines the capability of the system to handle multiple sets of rules from different remote systems, allowing for the creation of distinct transaction user interfaces for different transactions. Each interface can have its own expiration time and associated CDN server, ensuring that the system can adapt to varying transaction requirements. The operations include processing sender and receiver data for each transaction, configuring the user interfaces accordingly, and enforcing expiration times to maintain security. This flexibility in managing multiple transactions and rules enhances the system's utility in secure transaction processing environments.
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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.
