The patent application at times “reads like the plot for a Seinfeld episode,” opined Todd Bishop at GeekWire. The filing contains several hypothetical examples of the use of their method. “assume that Users A-C have drinks at a bar and User B pays a bill of $45 for the drinks User B adds the payment transaction as an expenditure of the group and allocates $15 of the transaction to User A, $20 to User B, $10 to User C. In this example, the balance module 308 would update the individual balances of Users A-C to indicate that User B now owes $115 to User A ($130-$15) and User C owes $10 to User B ($0+$10).”
No word on whether the patent will become the culinary equivalent of Google Glass — stare at your food hand enough and it will tell you how much you owe if you’re too drunk to do math.
But the patent application itself may be a serious-enough event for companies in the emerging mobile payment space like Square or PayPal to sit up and take notice.
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