Token service provider for electronic/mobile commerce transactions
US-2019034924-A1 · Jan 31, 2019 · US
Management of Token-Based Payments at the Token Level
US2017109733A1 · US · A1
| Field | Value |
|---|---|
| Publication number | US-2017109733-A1 |
| Application number | US-201514885006-A |
| Country | US |
| Kind code | A1 |
| Filing date | Oct 16, 2015 |
| Priority date | Oct 16, 2015 |
| Publication date | Apr 20, 2017 |
| Grant date | — |
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- Title
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- Abstract
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- Assignees and inventors
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- Key dates
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- First independent claim
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- CPC / IPC classifications
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- Citations and related patents
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Abstract
Official abstract text for this publication.
According to one embodiment, a system includes a memory comprising instructions, an interface, and a processor communicatively coupled to the memory and the interface. The interface is configured to receive, from a server, a token for verification in a transaction. The processor is configured, when executing the instructions, to compare information associated with the transaction with one or more token usage rules associated with the token, and determine, based on the comparison, whether the transaction may be completed using the token.
First claim
Opening claim text (preview).
What is claimed is: 1 . A system, comprising: a memory comprising instructions; an interface configured to: receive, from a server, a token for verification in a transaction; and a processor communicatively coupled to the memory and the interface, the processor configured, when executing the instructions, to: compare information associated with the transaction with one or more token usage rules associated with the token; and determine, based on the comparison, whether the transaction may be completed using the token. 2 . The system of claim 1 , wherein the information associated with the transaction comprises one or more of the following: a merchant involved in the transaction, a product involved in the transaction, a price of the product, and a geographical location of one or more parties to the transaction. 3 . The system of claim 1 , wherein the token usage rules comprise one or more rules indicating merchants with which transactions may or may not be performed using the token. 4 . The system of claim 1 , wherein the token usage rules comprise one or more rules indicating geographical locations in which transactions may or may not be performed using the token. 5 . The system of claim 1 , wherein the token usage rules comprise one or more rules indicating products for which transactions may or may not be performed using the token. 6 . The system of claim 1 , wherein the token usage rules comprise one or more rules indicating monetary amounts over which transactions may not be performed using the token. 7 . The system of claim 1 , wherein the processor is further configured to generate an alert if it is determined that the transaction may not be completed using the token. 8 . A method, comprising: receiving, from a server, a token for verification in a transaction; comparing information associated with the transaction with one or more token usage rules associated with the token; and determining, based on the comparison, whether the transaction may be completed using the token. 9 . The method of claim 8 , wherein the information associated with the transaction comprises one or more of the following: a merchant involved in the transaction, a product involved in the transaction, a price of the product, and a geographical location of one or more parties to the transaction. 10 . The method of claim 8 , wherein the token usage rules comprise one or more rules indicating merchants with which transactions may or may not be performed using the token. 11 . The method of claim 8 , wherein the token usage rules comprise one or more rules indicating geographical locations in which transactions may or may not be performed using the token. 12 . The method of claim 8 , wherein the token usage rules comprise one or more rules indicating products for which transactions may or may not be performed using the token. 13 . The method of claim 8 , wherein the token usage rules comprise one or more rules indicating monetary amounts over which transactions may not be performed using the token. 14 . The method of claim 8 , further comprising generating an alert if it is determined that the transaction may not be completed using the token. 15 . A computer-readable medium comprising instructions that are configured, when executed by a processor, to: receive, from a server, a token for verification in a transaction; compare information associated with the transaction with one or more token usage rules associated with the token; and determine, based on the comparison, whether the transaction may be completed using the token. 16 . The computer-readable medium of claim 15 , wherein the information associated with the transaction comprises one or more of the following: a merchant involved in the transaction, a product involved in the transaction, a price of the product, and a geographical location of one or more parties to the transaction. 17 . The computer-readable medium of claim 15 , wherein the token usage rules comprise one or more rules indicating merchants with which transactions may or may not be performed using the token. 18 . The computer-readable medium of claim 15 , wherein the token usage rules comprise one or more rules indicating geographical locations in which transactions may or may not be performed using the token. 19 . The computer-readable medium of claim 15 , wherein the token usage rules comprise one or more rules indicating products for which transactions may or may not be performed using the token. 20 . The computer-readable medium of claim 15 , wherein the token usage rules comprise one or more rules indicating monetary amounts over which transactions may not be performed using the token.
Assignees
Inventors
Classifications
Establishing or using transaction specific rules · CPC title
- G06Q20/3674Primary
involving authentication · CPC title
- G06Q20/3821Primary
Electronic credentials · CPC title
Transaction verification · CPC title
using location information · CPC title
Patent family
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External sources
Frequently asked questions
Answers are generated from the same data shown on this page.
- What does patent US2017109733A1 cover?
- According to one embodiment, a system includes a memory comprising instructions, an interface, and a processor communicatively coupled to the memory and the interface. The interface is configured to receive, from a server, a token for verification in a transaction. The processor is configured, when executing the instructions, to compare information associated with the transaction with one or mo…
- Who is the assignee on this patent?
- Bank Of America
- What technology area does this patent fall under?
- Primary CPC classification G06Q20/3674. Mapped technology areas include Physics.
- When was this patent published?
- Publication date Thu Apr 20 2017 00:00:00 GMT+0000 (Coordinated Universal Time) (A1). Legal status and post-grant events are not shown on this page.
- What related patents are in patentsdb?
- We list 3 related publications on this page (citations in our corpus or others sharing the same primary CPC).