CRYPTO-CURRENCY-BASED ACCRUED VALUE INTEROPERABILITY

摘要

A crypto-currency based value interoperability computing system for transferring closed-loop value within an accrued value system using crypto-currency is provided. The cyrpto currency based system may include an integration tier operable for managing mobile wallet sessions while maintaining integrity of the session. Notification services may also form part of the system as does a service connector layer. The system may further employ business process services and a payment handler service. Security and authorization services may also provided. The system may further employ use of a mobile device configured to run a cyrpto-currency based value interoperability system application that may involve transfers from and to stored value funding accounts with associated permissions and validation. The system may further include tokenizing the stored value funding account through a toke service provider who may employ a token management system.

主权项

1. A computer-implemented method for transferring closed-loop value within an accrued value system using crypto-currency, performed at a computing system comprising one or more processors and computing system memory, the method comprising:
the computing system receiving a transfer request to transfer a portion of an accrued balance in a stored value funding account to a receiving account in the same accrued value system; the computing system validating one or more permissions associated with the transfer request before processing the request; upon authenticating the transfer request, the computing system validating the transfer request against one or more established rules, including determining whether the underlying crypto-currency account balance in the funding account is sufficient to fulfill the transaction of the transfer request; upon validating the transfer request, the computing system tokenizing the stored value funding account through a token service provider which provides one or more controls for the transaction; the computing system sending a payment token to the receiving account using a transmission means; the computing system receiving an indication from a token management system (TMS) of a second computing system regarding the validity of the stored value funding account; the computing system receiving a second transfer request to transfer crypto-currency funds from the funding account to the receiving account, wherein the second transfer request is authenticated to make sure the receiving account has the permissions to make the request; the computing system sending the transfer request to a crypto-currency system to be recorded in the next available transaction block; the computing system receiving an indication that the transaction block has been officially added to the crypto-currency's block chain; the computing system reporting the transaction to one or more agencies based on the legal requirements of the location of the funding account and the legal requirements of the location of the receiving account; the computing system notifying the receiving account of the transaction's success; and the computing updating the transaction history and balance of the funding account.