EDMONTON, Alberta--(BUSINESS WIRE)--edatanetworks Inc. expands its intellectual property (IP) portfolio with the approval of patent with serial number 16/170,186, “Community Merchant Shared e-Commerce Shopping Cart for Community Donations” from the United States Patent and Trademark Office (USPTO).
“This patent builds on our IP portfolio of generating merchant-defined, consumer-directed donations from tokenized transaction data – at no cost to the consumer,” said Chief Executive Officer Terry Tietzen. “The patent describes a virtual shopping mall that features multiple e-Commerce storefronts, each being operated by a different local merchant. A customer is incented to shop at the virtual mall by a commitment from each merchant to make a merchant-defined donation to charities selected by the customer. This multi-merchant, single-checkout ecosystem enables the customer to make one payment for their entire e-shopping cart while generating donations for their community. We are excited to be awarded this innovative patent that allows local merchants to participate in the online and offline world as they support and sustain their community.”
edatanetworks Inc. (edata), edatanetworks.com, a privately held intellectual property company established in 2001, has worked with many organizations and conducted multiple live market deployments creating patented philanthropic innovations utilizing existing technological and financial infrastructures—connecting consumers, local merchants, charitable and community organizations, digital media groups, communications companies, search providers, social networks, banks, payment networks, trusted intermediaries and other financial services organizations.