EDMONTON, AB–Edatanetworks Inc. has been issued and been granted approval of patents from the United States Patent and Trademark Office (USPTO).

The newly issued patent, 10,861,062, relates to utilizing tokenized transaction data that seamlessly directs micro-donations to local community and charitable organizations while also providing merchants with valuable consumer feedback from the transaction. This drives stronger digital-first consumer connections and enables the creation of actionable insights, key analytics and intelligent decisions that drive predictive capabilities from the transaction data.

Additionally, a recently approved USPTO patent, 14/686,247, utilizes trusted intermediaries and harnesses the power of anonymized and aggregated transaction data to streamline and expedite marketplace on-boarding of local merchant and charitable organizations. This creates an automated, turnkey and scalable method to streamline engagement.

“With the challenges in local markets today, small and medium sized businesses continue to search for new ways to connect digitally with to their consumers and support their communities with measured results on their marketing spend,” said Terry Tietzen, founder and CEO of edatanetworks. “We look forward to seeing this game-changing innovation brought to market, as communities need digital commerce and funding assistance now more than ever.

“Our platform can provide significant support to the economic recovery and rebuilding of our local communities. It fosters a community-minded movement through the connection of local consumers and merchants to local community and charitable organizations, while creating efficiencies in digital fundraising.”

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Lloydmedia, Inc is based in Markham, Ontario, Canada, and is a multi-platform media company which delivers a total audience of more than 100,000 readers across four national magazines, three industry directories, and a range of events and online marketing.