Block Chain Alias For Person-to-person Payments

  • Published: May 11, 2017
  • Earliest Priority: Nov 11 2015
  • Family: 6
  • Cited Works: 0
  • Cited by: 19
  • Cites: 0
  • Additional Info: Full text

Embodiments provide a system operatively connected with a block chain distributed network and for using the block chain distributed network for facilitating a person-to-person (P2P) alias-based payment. Embodiments receive a transaction record associated with a P2P transaction between a payor and a payee, wherein the transaction record comprises an alias associated with the payor and/or the payee; access a distributed ledger, wherein the distributed ledger is updated based on communications from a block chain distributed network; retrieve an alias to entity mapping from the accessed distributed ledger, wherein the alias to entity mapping indicates at least an entity to which the alias is mapped; and based on the mapping, determine that the alias is at least partially valid. In some cases, embodiments determine that the alias corresponds to an account number maintained by the entity in a private ledger; and authorize a transaction associated with the transaction request.

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Document History
  • Publication: May 11, 2017
  • Application: Feb 11, 2016
    US US 201615041566 A
  • Priority: Feb 11, 2016
    US US 201615041566 A
  • Priority: Nov 11, 2015
    US US 201562253935 P

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