US 12,169,848 B2
Generating a pool of risk with option pricing
Maximillian Sugrue, Chicago, IL (US); Gary Yi, Chicago, IL (US); and Noor Sugrue, Chicago, IL (US)
Assigned to ChaChingMe, Inc, Chicago, IL (US)
Filed by ChaChingMe, Inc, Chicago, IL (US)
Filed on Feb. 29, 2024, as Appl. No. 18/591,333.
Claims priority of provisional application 63/487,740, filed on Mar. 1, 2023.
Prior Publication US 2024/0296475 A1, Sep. 5, 2024
Int. Cl. G06Q 30/00 (2023.01); G06Q 30/0242 (2023.01); G05B 19/418 (2006.01)
CPC G06Q 30/0242 (2013.01) 20 Claims
OG exemplary drawing
 
1. A computer-implemented method comprising:
receiving, by a connection and communication platform from a consumer user device, search criteria for an item type or a product;
determining, by the connection and communication platform, an interaction value of the search criteria for the consumer user device, the interaction value quantifying a first number of interactions across websites or advertisements by the consumer user device, and the first number of interactions across the websites or advertisements being related to searches for the item type or the product;
determining, by the connection and communication platform, a cost per views value of the search criteria, the cost per views value quantifying a second number of interactions across websites or advertisements by other user devices, and the second number of interactions across the websites or advertisements being related based on the item type or the product;
when the interaction value plus the cost per views value exceeds a first threshold value, computing a dynamic cashback amount associated with the search criteria, the dynamic cashback amount being adjusted based on a risk value of a transaction of the product and further stored in an aggregation revenue pool of funds associated with an advertiser marketplace;
transmitting, by the connection and communication platform to the consumer user device, an electronic communication that includes the dynamic cashback amount, a predetermined period of time to initiate the transaction for the product, and an identifier associated with the product;
when the identifier associated with the product is received in association with the transaction of the product within the predetermined period of time, transferring, by the connection and communication platform, the dynamic cashback amount from the aggregation revenue pool of funds to a digital wallet of the consumer user; and
receiving, by the connection and communication platform from the consumer user device, an electronic proof of the transaction of the product to confirm that the product purchased in the transaction corresponds to the identifier associated with the product included in the electronic communication, wherein the electronic proof of the transaction relates to the risk value of the transaction of the product.