System and method for group transactions

Number of patents in Portfolio can not be more than 2000

United States of America Patent

PATENT NO 11847644
APP PUB NO 20210357920A1
SERIAL NO

17318540

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ATTORNEY / AGENT: (SPONSORED)

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Abstract

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A group payment system is provided which permits users to form groups and, as a group, to contribute resources to group funds to make group payments, purchases, and transfer of funds to other groups, individual users, or merchants. Group transactions are conducted via a group transaction application downloaded onto user devices. The group transaction application enables the formation of user groups and facilitates payment in group transaction settings.

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First Claim

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Patent Owner(s)

Patent OwnerAddress
VERRO LLC18 HIGH RIDGE DRIVE CUMBERLAND RI 02864

International Classification(s)

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Neto, Jeffrey Cumberland, US 8 7

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Maintenance Fees

Fee Large entity fee small entity fee micro entity fee due date
3.5 Year Payment $1600.00 $800.00 $400.00 Jun 19, 2027
7.5 Year Payment $3600.00 $1800.00 $900.00 Jun 19, 2031
11.5 Year Payment $7400.00 $3700.00 $1850.00 Jun 19, 2035
Fee Large entity fee small entity fee micro entity fee
Surcharge - 3.5 year - Late payment within 6 months $160.00 $80.00 $40.00
Surcharge - 7.5 year - Late payment within 6 months $160.00 $80.00 $40.00
Surcharge - 11.5 year - Late payment within 6 months $160.00 $80.00 $40.00
Surcharge after expiration - Late payment is unavoidable $700.00 $350.00 $175.00
Surcharge after expiration - Late payment is unintentional $1,640.00 $820.00 $410.00