Systems and methods for generating and managing dynamic customized electronic tokens for electronic device interaction

Patent metadata

Field	Value
Publication number	US-10152709-B2
Application number	US-201715704200-A
Country	US
Kind code	B2
Filing date	Sep 14, 2017
Priority date	Sep 13, 2016
Publication date	Dec 11, 2018
Grant date	Dec 11, 2018

Abstract

Systems and methods are provided for generating and managing dynamic customized electronic tokens for electronic device interactions. A system for transferring data between a user device associated with a user and a remote device may include a memory storing instructions and a processor configured to execute the stored instructions. The stored instructions may configure the processor to receive, via a network, transaction information from the remote device, access information associated with an electronic token, and provide the electronic token to the remote device. The electronic token may be associated with at least one of the user or the user device, and a token server may generate the electronic token based on the received transaction information, and determine one or more expiration parameters for the electronic token.

First claim

What is claimed is:

1. A token-based electronic device interaction system for transferring data between a user device associated with a user and a remote device, comprising:
at least one memory storing instructions and a token database; and
at least one processor configured to execute the stored instructions to:
access information associated with an electronic token, the electronic token being:
associated with at least one of the user or the user device;
generated, based on received transaction information, and;
associated with one or more first expiration parameters;

determine whether at least one of the one or more first expiration parameters has been met;
responsive to a determination that at least one of the one or more first expiration parameters has not been met, access one or more second expiration parameters, wherein the one or more second expiration parameters is determined based on the received transaction information;
store, in the token database, the one or more second expiration parameters, thereby erasing the one or more first expiration parameters from the token database; and
provide the information associated with the electronic token to the remote device.

2. The system of claim 1 , wherein the one or more electronic tokens are generated by the processor.

3. The system of claim 1 , wherein the one or more electronic tokens are generated by the remote device or a third party server.

4. The system of claim 1 , wherein at least one of the first expiration parameters or the second expiration parameters is determined based on received transaction information.

5. The system of claim 4 , wherein at least one of the first expiration parameters or the second expiration parameters includes a maximum number of authorizations for the electronic token.

6. The system of claim 4 , wherein at least one of the first expiration parameters or the second expiration parameters includes an expiration date determined based on time of the transaction and other transaction information.

7. The system of claim 6 , wherein the other transaction information includes an expected number of authorizations.

8. A token-based electronic device interaction system for transferring data between a user device associated with a user and a remote device, comprising:
at least one memory storing instructions and a token database; and
at least one processor configured to execute the stored instructions to:
receive, via a network, first transaction information for a transaction;
access user data comprising at least one of user information or user device information;
generate, based on the first transaction information and the user data, an electronic token associated with a first expiration parameter;
provide the electronic token to the user device;
monitor a status of the transaction;
determine whether the expiration parameter is exceeded, based on the monitored status;
receive a second expiration parameter, wherein the second expiration parameter is determined based on the received first transaction information;
store, in the token database, the second expiration parameter if the first expiration parameter is not exceeded, thereby erasing the first expiration parameter from the token database; and
deactivate the electronic token if the first expiration parameter is exceeded.

9. The system of claim 8 , wherein the electronic token comprises at least one of the first expiration parameter or the second expiration parameter is determined based on the transaction information.

10. The system of claim 9 , wherein at least one of the first expiration parameter or the second expiration parameter includes a maximum number of authorizations for the electronic token.

11. The system of claim 9 , wherein at least one of the first expiration parameter or the second expiration parameter includes an expiration date determined based on time of the transaction and second transaction information.

12. The system of claim 11 , wherein the second transaction information includes an expected number of authorizations.

13. A non-transitory computer readable medium storing instructions which, when executed, cause a processor of a user device to perform token-based electronic device interaction operations comprising:
accessing information in a token database associated with an electronic token, the electronic token being:
associated with at least one of the user or the user device;
generated based on the received first transaction information; and
associated with one or more first expiration parameters;

determining whether at least one of the one or more first expiration parameters has been met;
responsive to a determination that at least one of the one or more first expiration parameters has not been met, accessing one or more second expiration parameters, wherein the one or more second expiration parameters is determined based on the received transaction information;
storing, in the token database, the one or more second expiration parameters, thereby erasing the one or more first expiration parameters from the token database; and
providing the information associated with the electronic token to the remote device.

14. The non-transitory computer readable medium of claim 13 , wherein the one or more electronic tokens are generated by the processor.

15. The non-transitory computer readable medium of claim 13 , wherein the electronic token is generated by the remote device or a third party server.

16. The non-transitory computer readable medium of claim 13 , wherein at least one of the first expiration parameters or the second expiration parameters is determined based on received first transaction information.

17. The non-transitory computer readable medium of claim 16 , wherein the electronic token is associated with at least one of the first expiration parameters or the second expiration parameters, and wherein at least one of the first expiration parameters or the second expiration parameters includes a maximum number of authorizations for the electronic token.

18. The non-transitory computer readable medium of claim 16 , wherein at least one of the first expiration parameter or the second expiration parameter includes an expiration date determined based on time of the transaction and second transaction information.

19. The non-transitory computer readable medium of claim 18 , wherein the second transaction information includes an expected number of authorizations.

Assignees

• Capital One Services Llc
• Capital One Services Llp

Inventors

• Moreton Paul Y
• De Ganon Matthew
• Poole Thomas S

Classifications

• G06F21/73

  by creating or determining hardware identification, e.g. serial numbers · CPC title

• G06F21/44

  Program or device authentication · CPC title

• G06F21/6209

  to a single file or object, e.g. in a secure envelope, encrypted and accessed using a key, or with access control rules appended to the object itself · CPC title

• G06Q20/40

  Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists · CPC title

• G06Q20/327

  Short range or proximity payments by means of M-devices · CPC title