A system and method for authorizing transactions where a terminal determines if the transaction amount is within a low value limit. If so, a card acts within the parameters of offline counters on the card to generate an offline authorization. The transaction amount is deducted from the available funds balance tracked by an additional counter on the card. Merchants clear the transaction during batch processing in the same manner as other debit or credit transactions. The transactions are treated as standard chip offline-authorized transactions and are sent with other transaction details to an issuer.
Please note there is up to 60 days of latency in this Status indicator for certain status conditions. You can obtain up-to-date Status indicator readings by ordering PAIR for the file.
An application with the status "Published" (which means it is pending) may be recently abandoned, but not yet updated to reflect its abandoned status. However, an application filed less than one year ago is unlikely to be abandoned.
A patent with the status "Granted" may be recently expired, but not yet updated to reflect its expired status. However, it is highly unlikely a patent less than 3.5 years old would be expired.
An application with the status "Abandoned" is almost always current, but there is a small chance it was recently revived and the status not yet updated.
This priority date is an estimated earliest
priority date and is purely an estimation. This date should not be
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accuracy of the date listed. Please consult a legal professional
before relying on this date.