Secure modal based digital installments

Patent metadata

Field	Value
Publication number	US-11715155-B2
Application number	US-202117389447-A
Country	US
Kind code	B2
Filing date	Jul 30, 2021
Priority date	Jul 30, 2020
Publication date	Aug 1, 2023
Grant date	Aug 1, 2023

Abstract

Examples described herein include systems, methods, instructions, and other implementations for data security with integrated installment payment systems. In one example, account security system receives a checkout communication that includes data describing a validated checkout system of a merchant system. A client token is transmitted in response to an authentication that the checkout communication is from the validated checkout system, and an account communication including the client token and secure client information is received from a client device. An installment payment communication associated with the secure transaction is received from a system other than a merchant system involved in the transaction. The secure transaction is then facilitated following receipt of the installment payment communication.

First claim

What is claimed is:

1. A computer-implemented method, comprising:
training a dynamic decision algorithm using historical data from a plurality of secure transactions, wherein the historical data includes transaction details, records of how users pay for purchases in time periods following the purchases, and inferred customer retention data from repeat purchases;
receiving, at an account security system including one or more processors, a checkout communication associated with a new secure transaction, wherein the checkout communication includes transaction information for the new secure transaction and data describing a merchant system;
transmitting, by the account security system, a client token in response to an authentication that the checkout communication is from a validated checkout system, wherein when the client token is received at a client device, the client token is used by the client device to verify the merchant system as validated for the new secure transaction;
receiving, by the account security system, an account communication associated with the new secure transaction, the account communication including the client token and client information, wherein the client information is not received from the merchant system;
processing the checkout communication and the client information using the dynamic decision algorithm to identify a plurality of installment offers for the new secure transaction, wherein the plurality of installment offers are determined based on the transaction information and the inferred customer retention data from the historical data;
receiving an installment payment communication associated with the new secure transaction wherein the installment payment communication is not received from the merchant system;
tracking payments in time periods following the new secure transaction and subsequent transactions associated with the new secure transaction as inferred retention data of new historical data;
updating the dynamic decision algorithm using the new historical data.

2. The computer-implemented method of claim 1 further comprising establishing a secure communication channel in response to the account communication;
facilitating approval of an installment authorization using the secure communication channel;
receiving a find status communication from the merchant system; and
verifying an approval status to the merchant system in response to the find status communication.

3. The computer-implemented method of claim 2 , wherein the approval status is communicated to the merchant system without informing the merchant system of the approval of the installment authorization.

4. The computer-implemented method of claim 2 , wherein verifying the approval status includes transmitting a one-time account number associated with the new secure transaction.

5. The computer-implemented method of claim 1 further comprising:
generating a tokenized client account number in response to the account communication; and
transmitting the tokenized client account number, wherein the tokenized client account number allows the merchant system to process the new secure transaction without access to the client information or the installment payment communication.

6. The computer-implemented method of claim 1 further comprising:
storing transaction data for the new secure transaction in a secure database, wherein the transaction data includes installment data and one or more of a purchase amount, a merchant identifier, an industry identifier, an item category, and transaction security data; and
processing the transaction data with transaction history data for the plurality of secure transactions to update a set of installment options.

7. The computer-implemented method of claim 1 further comprising transmitting a set of payment options including at least a first installment option;
wherein the installment payment communication indicates a selection of the first installment option for the new secure transaction; and
wherein the set of payment options is generated using a set of transaction history data including installment data for the plurality of secure transactions, fraud data for the plurality of secure transactions, and return data for the plurality of secure transactions.

8. An account security system, comprising:
memory; and
one or more processors coupled to the memory and configured to perform operations comprising:
training a dynamic decision algorithm using historical data from a plurality of secure transactions, wherein the historical data includes transaction details, records of how users pay for purchases in time periods following the purchases, and inferred customer retention data from repeat purchases;
receiving, at the account security system, a checkout communication associated with a new secure transaction, wherein the checkout communication includes transaction information for the new secure transaction and data describing a merchant system;
transmitting, by the account security system, a client token in response to an authentication that the checkout communication is from a validated checkout system, wherein when the client token is received at a client device, the client token is used by the client device to verify the merchant system as validated for the new secure transaction;
receiving, by the account security system, an account communication associated with the new secure transaction, the account communication including the client token and client information, wherein the client information is not received from the merchant system;
processing the checkout communication and the client information using the dynamic decision algorithm to identify a plurality of installment offers for the new secure transaction, wherein the plurality of installment offers are determined based on the transaction information and the inferred customer retention data from the historical data;
receiving an installment payment communication associated with the new secure transaction wherein the installment payment communication is not received from the merchant system;
tracking payments in time periods following the new secure transaction and subsequent transactions associated with the new secure transaction as inferred retention data of new historical data;
updating the dynamic decision algorithm using the new historical data.

9. The device of claim 8 , wherein the one or more processors are further configured to perform operations comprising:
establishing a secure communication channel in response to the account communication;
facilitating approval of an installment authorization using the secure communication channel;
receiving a find status communication from the merchant system; and
verifying an approval status to the merchant system in response to the find status communication.

10. The device of claim 9 , wherein the approval status is communicated to the merchant system without informing the merchant system of the approval of the installment authorization.

11. The device of claim 9 , wherein verifying the approval status includes transmitting a one-time account number associated with the new secure transaction.

12. The device of claim 8 , wherein the one or more processors are further configured to perform operations comprising:
generating a tokenized client account number in response to the account communication; and
transmitting the tokenized client account number, wherein the tokenized client account number allows the merchant system to process the new secure transaction without access to the client information or the installment payment communication.

13. The device of claim 8 , wherein the one or

Assignees

• Synchrony Bank

Inventors

• Schmidt Jonathan M
• Ravi Viveka Vardhan
• Divecha Tushar
• Muller Jennifer E
• Young Taylor
• Schultz Gregory
• Sullivan Seamus
• Kothandapani Prakash

Classifications

• G06Q40/03 Primary

  Credit; Loans; Processing thereof · CPC title

• G06F21/6245 Primary

  Protecting personal data, e.g. for financial or medical purposes · CPC title

• G06Q20/385

  using an alias or single-use codes · CPC title

• G06Q20/4016

  involving fraud or risk level assessment in transaction processing · CPC title

• G06Q20/4097

  using mutual authentication between devices and transaction partners · CPC title