AMEX FILES PATENT FOR BLOCKCHAIN SYSTEM TO MATCH IMAGES OF RECEIPTS WITH STORED RECORDS

Last updated: June 19, 2025, 18:19 | Written by: Brian Kelly

Imagine a world where expense reports are a breeze, reconciliation is instantaneous, and lost receipts are a thing of the past. - The travel arm of financial services giant American Express has filed a new blockchain-based patent for linking digital images with related records.American Express (Amex) is taking a giant leap toward this future with its recent patent filing for a blockchain-based system designed to seamlessly match images of receipts with stored transaction records. 金融サービス大手のアメリカン・エキスプレス（アメックス）が、レシート画像の取り込みと送信を行うブロックチェーンを用いたシステムに関する特許を申請した。This innovative solution promises to streamline processes for both consumers and businesses, leveraging the power of blockchain technology to create a more efficient and transparent financial ecosystem.The patent, filed with the U.S. Financial services giant American Express (Amex) has filed a patent for a blockchain-based system to capture and transmit the image of a receipt, according to a U.S. Patent and Trademark OfficePatent and Trademark Office (USPTO), outlines a method for capturing, transmitting, and linking receipt images to corresponding records, potentially revolutionizing how we handle proof-of-payment and expense management.This move signals Amex's commitment to exploring cutting-edge technologies to improve customer experience and operational efficiency.By harnessing the immutability and security of blockchain, Amex aims to create a trusted and verifiable record of transactions, minimizing disputes and simplifying audits. Localized digital assets news. Contribute to theyapapa/cryptonews development by creating an account on GitHub.The implications of this technology could extend far beyond simple expense reporting, impacting areas such as fraud prevention, loyalty programs, and even supply chain management. A gigante dos servi os financeiros American Express (Amex) registrou uma patente para um sistema baseado em blockchain para capturar e transmitir a imagem de um recibo, de acordo com um pedido de patente do Departamento de Marcas e Patentes dos Estados Unidos (USPTO) publicado em 13 de novembro.Let's delve deeper into the details of this exciting development and explore its potential impact on the future of finance.

Understanding the Amex Blockchain Receipt System Patent

The core of Amex's patent, titled ""Linking digital images with related records,"" revolves around a blockchain-based system capable of receiving, recording, and transmitting receipt images.This system essentially creates a verifiable link between a physical receipt and the corresponding electronic transaction record, using the inherent security and transparency of blockchain technology.The filing details how a user, typically using a mobile device, can capture an image of a receipt.This image is then processed and linked to relevant transaction data, such as the merchant ID, payment amount, and date of the transaction.This information is then stored on a blockchain, creating a permanent and auditable record.

How Does the System Work?

The proposed system functions through a series of interconnected steps, ensuring data integrity and security.Here’s a breakdown:

Receipt Image Capture: The user captures an image of the receipt using their mobile device's camera.
Data Extraction: The system extracts relevant data from the receipt image, such as the merchant name, date, time, and transaction amount, potentially using OCR (Optical Character Recognition) technology.
Transaction Matching: The extracted data is used to match the receipt image with the corresponding transaction record stored within Amex's existing systems.
Blockchain Integration: A unique digital signature or hash of the receipt image and transaction data is created and stored on a blockchain.This creates an immutable record of the transaction and its associated receipt.
Verification and Access: Authorized parties, such as the user, Amex, or auditors, can access and verify the authenticity of the receipt and transaction data through the blockchain.

The Benefits of a Blockchain-Based Receipt System

The implementation of a blockchain-based receipt system offers several significant advantages over traditional methods.These benefits extend to both consumers and businesses, leading to increased efficiency and trust.

Enhanced Security: Blockchain's inherent security features, such as cryptography and distributed ledger technology, make it extremely difficult to tamper with or alter receipt records. The travel arm of financial services giant American Express has filed a new blockchain-based patent for linking digital images with related records. Financial services giant American Express (Amex) has filed a patent for a blockchain-based system to capture and transmit the image of a receipt, according to a U.S. Patent and Trademark Office (USPTO) patent MoreThis reduces the risk of fraud and ensures data integrity.
Improved Efficiency: Automating the receipt matching process saves time and resources for both consumers and businesses.No more manual data entry or searching through piles of paper receipts.
Reduced Reconciliation Costs: By providing a verifiable and transparent record of transactions, the system simplifies reconciliation processes and reduces the potential for errors and disputes.
Simplified Expense Reporting: Employees can easily capture and submit receipt images through their mobile devices, automatically linking them to their Amex card transactions. Posted by u/Cointelegraph_news - 1 vote and no commentsThis streamlines the expense reporting process and eliminates the need for manual record-keeping.
Enhanced Auditability: The immutable nature of blockchain provides a clear and auditable record of all transactions and receipts, making it easier to comply with regulatory requirements and conduct internal audits.
Fraud Prevention: The system can help detect and prevent fraudulent activities by comparing receipt images with transaction data and flagging any discrepancies.

Why Blockchain for Receipts? The new filing, titled Linking digital images with related records, includes a new method for receiving, recording and transmitting the image of a receipt. The filing describes how the system lets a user with a mobile device capture the image of a receipt.Exploring the Technology's Suitability

While various technologies could potentially be used to link receipt images with transaction records, blockchain offers unique advantages that make it particularly well-suited for this application. Financial services giant American Express has filed a patent for a blockchain-based system to capture and transmit the image of a receipt, according to a U.S. Patent and Trademark Office patent filing published Nov. 13.The patent applicant is listed as American Express Travel Related Services Co, Inc, the company's travel subsidiary.[BREAK] The new filing, titled Linking digital images withThe key is the inherent trust and transparency that blockchain brings to the table.

Key Blockchain Characteristics for Receipt Management:

Immutability: Once data is recorded on a blockchain, it cannot be altered or deleted.This ensures the integrity and authenticity of receipt records.
Transparency: All transactions on a blockchain are publicly visible and auditable (depending on the type of blockchain used), promoting transparency and accountability.
Decentralization: Blockchain data is distributed across multiple nodes, making it resistant to censorship and single points of failure.
Security: Cryptographic techniques are used to secure blockchain data, making it extremely difficult to hack or tamper with.

These characteristics make blockchain an ideal technology for creating a trusted and verifiable record of transactions and receipts, reducing the risk of fraud and ensuring data integrity.

Amex's Travel Subsidiary and the Patent Application

Interestingly, the patent applicant is listed as American Express Travel Related Services Co., Inc., the company's travel subsidiary.This suggests that Amex initially intends to focus on leveraging this technology within the travel and expense management space. Amex Files Patent for Blockchain System to Match Images of Receipts With Stored Records based patent for linking digital images with related records. American Express Files Patent onThis makes sense, as travel-related expenses often involve numerous receipts and complex reconciliation processes.

By implementing this blockchain-based system, Amex could significantly improve the travel experience for its cardholders, making it easier to track and manage their expenses. Financial services giant American Express (Amex) has filed a patent for a blockchain -based proof-of-payment system, according to filing published by the U.S. Patent and TrademarkThis could lead to increased customer satisfaction and loyalty.Furthermore, the technology could be integrated with Amex's existing travel management tools and platforms, providing a seamless and efficient solution for businesses.

Potential Use Cases Beyond Expense Management

While the initial focus may be on expense management, the potential applications of this blockchain-based receipt system extend far beyond. The U.S. Patent and Trademark Office (USPTO) has awarded Xerox a patent for a blockchain-driven auditing system for electronic files, according to a patent filing published Nov. 13. The patentThe ability to securely link physical documents with digital records opens up a wide range of possibilities across various industries.

Loyalty Programs: Customers could automatically earn loyalty points by simply capturing an image of their receipt after making a purchase at participating merchants.
Warranty Management: Receipts could be used to verify the purchase date and eligibility for warranty claims, streamlining the warranty process for both consumers and manufacturers.
Supply Chain Management: Receipts could be used to track the movement of goods and materials throughout the supply chain, providing greater transparency and accountability.
Insurance Claims: Receipts could be used to substantiate insurance claims, making the claims process faster and more efficient.
Tax Compliance: The system could simplify tax reporting by providing a verifiable record of deductible expenses.

The Future of Receipt Management: What's Next?

Amex's patent filing represents a significant step forward in the evolution of receipt management. American Express (NYSE: AXP) has filed for a patent with U.S. Patent and Trademark Office (USPTO) related to a blockchain-based system that can match the images of a receipt with stored records. The patent is named Linking digital images with related records.While it's important to note that filing a patent doesn't guarantee immediate implementation, it does signal Amex's intention to explore and potentially deploy this technology in the future. To that end, Amex has filed a patent with the US Patent and Trademark Office (USPTO) for a blockchain-based proof-of-payment that will provide records linked to a public key and associated with the merchant ID to generate a proof-of-payment payload including the ID and payment amount.We can expect to see further developments in this area as blockchain technology continues to mature and gain wider adoption. AMEX Files Blockchain Patent to Correlate Images of Receipts With Stored Records AMEX Files Blockchain Patent Images Records Management business blockchaintechnology CryptofameOther financial institutions and businesses may also follow suit, developing their own blockchain-based solutions for receipt management and other applications.

Challenges and Considerations

Despite the numerous benefits, there are also some challenges and considerations that need to be addressed before widespread adoption can occur:

Scalability: Blockchain networks need to be able to handle a large volume of transactions efficiently to support widespread adoption.
Privacy: Protecting sensitive information contained in receipts is crucial. Financial services giant American Express (Amex) has filed a patent for a blockchain -based system to capture and transmit the image of a receipt, according to a U.S. Patent and Trademark OfficePrivacy-enhancing technologies may need to be incorporated into the system.
Interoperability: The system needs to be interoperable with existing payment systems and accounting software.
Regulation: Clear regulatory frameworks are needed to govern the use of blockchain technology in financial applications.
User Adoption: Encouraging users to adopt the new system may require education and incentives.

How Does This Patent Compare to Other Blockchain Initiatives by Amex?

This patent isn't Amex's first foray into blockchain technology.The company has been actively exploring various applications of blockchain for several years, demonstrating a clear commitment to innovation in this space.Previous initiatives include:

Blockchain-Based Proof-of-Payment: Amex previously filed a patent for a blockchain-based system to automate proof-of-payment, providing records linked to a public key and associated with the merchant ID to generate a proof-of-payment payload including the ID and payment amount. Amex Files Patent for Blockchain System to Match Images of Receipts With Stored RecordsThis aimed to streamline payment verification and reconciliation processes.
Hyperledger Partnership: Amex is a member of the Hyperledger consortium, an open-source collaborative effort created to advance cross-industry blockchain technologies. Amex Files Patent for Blockchain System to Match Images of Receipts With Stored Records cointelegraph.com, UTCThis involvement allows Amex to collaborate with other industry leaders and contribute to the development of blockchain standards.
Supply Chain Tracking: Amex has explored using blockchain to track the movement of goods and materials throughout its supply chain, improving transparency and efficiency.

This latest patent for a blockchain-based receipt system further strengthens Amex's position as a leader in blockchain innovation within the financial services industry. According to a U.S. Patent and Trademark Office (USPTO) patent filing published Nov. 13, American Express (AMEX) a major financial service has filed a patent for a blockchain based system to catch and transmit the image of a receipt. American Express Travel related Service Co.Inc is what the patent is listed as and it is the company s travel subsidiary. The new filing is titled as LinkingBy exploring different applications of the technology, Amex is paving the way for a more efficient, transparent, and secure financial future.

Answering Your Questions About Blockchain and Receipt Management

Let's address some common questions you might have regarding the use of blockchain for receipt management:

What type of blockchain would Amex likely use?

It is most likely that Amex would utilize a permissioned blockchain, rather than a public one like Bitcoin or Ethereum.Permissioned blockchains allow Amex to control who can access and participate in the network, providing greater security and privacy. El gigante de servicios financieros American Expres (Amex) solicit una patente para un sistema basado en blockchain cuya funci n ser a capturar y transmitir la imagen de un recibo, seg n una solicitud de patente de la Oficina de Marcas y Patentes de los Estados Unidos (USPTO) publicada el 13 de noviembre.A permissioned blockchain ensures that only authorized parties, such as Amex, its merchants, and its cardholders, can view and validate transaction data.

Is my receipt data secure on a blockchain?

Yes, the data is generally very secure.Blockchain technology utilizes cryptography to protect data from unauthorized access and tampering.While the *hash* of the receipt image (a unique digital fingerprint) is stored on the blockchain, the actual image data itself may be stored off-chain in a secure, encrypted database to maintain privacy and scalability.This ensures that sensitive information is protected while still benefiting from the security and immutability of the blockchain.

Will this make expense reports completely automatic?

While it won't be *completely* automatic, it will significantly reduce the manual effort involved.The system can automatically match receipt images with transactions, populate expense report fields, and flag any discrepancies. Financial Giant Amex files Patent for Blockchain system to System to Match Images of Receipts With Stored Records According to a U.S Patent and Trademark Office (USPTO) patent filing published on Nov. 13, financial services giant American Express has filed a patent for aHowever, users may still need to review and approve the expense reports before submission.

Will this technology eliminate paper receipts altogether?

The goal is not necessarily to eliminate paper receipts, but rather to provide a convenient and secure way to manage them digitally.Even if paper receipts are still issued, users can easily capture an image and store it on the blockchain, ensuring that they have a verifiable record of the transaction.

How will this affect small businesses that accept Amex?

Small businesses could benefit from reduced reconciliation costs and faster payment processing. Der Finanzdienstleistungsriese American Express (Amex) hat ein Patent f r ein Blockchain-basiertes System zur Erfassung und bertragung des Bildes einer Quittung angemeldet. Das geht aus einer Patentanmeldung an das US-Patent- und Markenamt (USPTO) vom 13. November hervor.The system could also help them track sales and manage their inventory more efficiently.Ultimately, the impact will depend on how widely Amex implements the technology and how easily it integrates with existing point-of-sale (POS) systems.

Conclusion: The Future is Transparent and Efficient

Amex's patent filing for a blockchain system to match images of receipts with stored records represents a significant advancement in financial technology. After a patent for a blockchain-based system that would automate proof-of payments, Amex has filed a patent for a blockchain-based system to capture and transmit the image of a receipt. AMEXBy leveraging the power of blockchain, Amex is poised to streamline expense management, reduce fraud, and enhance the overall customer experience.While challenges remain in terms of scalability, privacy, and regulation, the potential benefits of this technology are undeniable.The future of receipt management is likely to be more transparent, efficient, and secure, thanks to innovations like this one.Keep an eye out for further developments as Amex and other industry leaders continue to explore the vast potential of blockchain technology.The key takeaway is that American Express is actively working to make financial transactions easier and more secure through blockchain technology.Are you ready for a future where receipts are securely stored and easily accessible with just a tap of your finger?Amex is betting that you are.