edatanetworks Inc. announced today its strengthened philanthropy-centric patent portfolio with the recent approval of patent 17/714,059 from the United States Patent and Trademark Office (USPTO).
In an ecosystem where consumers and merchants come together to generate contributions for local communities, patent 17/714,059 enables the system to redirect contributions to relief organizations in time of disaster. Typically, the system analyses rich transaction data for purchases between consumers and merchants and allocates a contribution from the merchants to local non-profits selected by the consumer. During times of emergency, the “switch” can be activated to direct a portion (or all) of the contributions generated to support relief efforts (e.g. locally, regionally, nationally).
“This patent is a welcome addition to our intellectual property portfolio. It further solidifies the core principles of our IP's DNA in which contributions are 100% merchant-defined and 100% pass-through – at no cost to the consumer," said Terry Tietzen, Chief Executive Officer of edatanetworks. “Through the system defined in this patent, the goodwill that is generated by merchant contributions provides notable positive and accountable impact on communities in their time of need.”
About edatanetworks
edatanetworks Inc. (edata), edatanetworks.com, is a privately held intellectual property company with an extensive portfolio of patents, trademarks and copyrights with the United States Patent and Trademark Office.
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Contacts
Media Contact: Catherine Keill, KEILL&Co. Inc., 780-690-5283
