Systems and methods for use and management of issuer provided payment tokens

Patent metadata

Field	Value
Publication number	US-2023153795-A1
Application number	US-202218056097-A
Country	US
Kind code	A1
Filing date	Nov 16, 2022
Priority date	Nov 17, 2021
Publication date	May 18, 2023
Grant date	—

Abstract

Systems and methods for use and management of issuer-provided payment tokens are disclosed. A method may include: receiving, at a financial institution computer program executed by a backend for a financial institution, a request for a payment token for a primary account number (PAN) from a token requestor computer program; requesting, by the financial institution computer program, the payment token for the PAN from a token provider, wherein the token provider is configured to generate the payment token and store a mapping of the PAN to the payment token in a token provider token vault; receiving, by the financial institution computer program and from the token provider, the payment token; storing, by the financial institution computer program, the mapping of the PAN to the payment token in a financial institution token vault; and returning, by the financial institution computer program, the payment token to the token requestor computer program.

First claim

What is claimed is:

1 . A method for use and management of issuer provided payment tokens, comprising:
receiving, at a financial institution computer program executed by a backend for a financial institution, a request for a payment token for a primary account number (PAN) from a token requestor computer program; requesting, by the financial institution computer program, the payment token for the PAN from a token provider, wherein the token provider is configured to generate the payment token and store a mapping of the PAN to the payment token in a token provider token vault; receiving, by the financial institution computer program and from the token provider, the payment token; storing, by the financial institution computer program, the mapping of the PAN to the payment token in a financial institution token vault; and returning, by the financial institution computer program, the payment token to the token requestor computer program.

2 . The method of claim 1 , wherein the token requestor computer program comprises a merchant computer program or a mobile electronic wallet.

3 . The method of claim 1 , wherein the token provider is configured to generate a cryptogram for the payment token, and the method further comprises receiving, by the financial institution computer program, the cryptogram from the token provider.

4 . The method of claim 1 , wherein the token provider comprises a payment network or a third-party token provider.

5 . A method for use and management of issuer provided payment tokens, comprising:
receiving, at a financial institution computer program executed by a backend for a financial institution, a request for a payment token for a primary account number (PAN) from a token requestor computer program; generating, by the financial institution computer program, the payment token for the PAN; storing, by the financial institution computer program, a mapping of the PAN to the payment token in a financial institution token vault; and returning, by the financial institution computer program, the payment token to the token requestor computer program.

6 . The method of claim 5 , wherein the token requestor computer program comprises a merchant computer program or a mobile electronic wallet.

7 . The method of claim 5 , further comprising:
providing, by the financial institution computer program, the payment token and the PAN to a third party, wherein the third party is configured to store the mapping between the payment token and the PAN in a third party token vault.

8 . The method of claim 5 , further comprising:
generating, by the financial institution computer program, a cryptogram for the payment token; and returning, by the financial institution computer program, the cryptogram to the token requestor computer program.

9 . A method for use and management of issuer provided payment tokens, comprising:
receiving, at an electronic interface for a financial institution computer program executed by a backend for a financial institution, a request from a customer computer application to provide a payment token for a primary account number (PAN) to a merchant; requesting, by the financial institution computer program, the payment token for the PAN from a token provider, wherein the token provider is configured to generate the payment token and store a mapping of the PAN to the payment token in a token provider token vault; receiving, by the financial institution computer program and from the token provider, the payment token; storing, by the financial institution computer program, the mapping of the PAN to the payment token in a financial institution token vault; and providing, the financial institution computer program, the payment token, a payment token expiration data, and a transaction identifier to the merchant.

10 . The method of claim 9 , wherein the token provider comprises a third-party token provider.

11 . The method of claim 9 , further comprising:
conducting, by the financial institution computer program, a cardholder-initiated transaction for a $0 authorization using the payment token; and receiving, by the financial institution computer program, a cryptogram and the transaction identifier from a payment network.

12 . The method of claim 9 , further comprising:
generating. by the financial institution computer program, a cryptogram for the payment token; and receiving, the financial institution computer program, and the transaction identifier from a payment network.

13 . The method of claim 12 , wherein the token provider comprises the payment network.

Assignees

• Jpmorgan Chase Bank Na

Inventors

• Moore John D
• Carey Dave
• Spector Howard

Classifications

• G06Q20/3223 Primary

  Realising banking transactions through M-devices · CPC title

• G06Q20/02

  involving a neutral party, e.g. certification authority, notary or trusted third party [TTP] · CPC title

• G06Q20/367 Primary

  involving electronic purses or money safes · CPC title

• G06Q20/36

  using electronic wallets or electronic money safes · CPC title

• G06Q20/10

  specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems · CPC title