Method and system for security authentication of user and mobile device without secure element
A mobile device, issuer's technology, applied in the field of mobile device authentication
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[0031] Glossary
[0032] Payment Network - A system or network for transferring money using cash substitutes. Payment networks can utilize a number of different protocols and procedures to process transfers for a variety of transaction types. Transactions through the payment network may include purchases of products or services, credit purchases, debit transactions, funds transfers, account withdrawals, and the like. The payment network may be configured to conduct transactions via cash alternatives which may include payment cards, letters of credit, checks, financial accounts, and the like. Examples of networks or systems configured as payment networks include American operating networks or systems. As used herein, the term "payment network" may refer to both the payment network as an entity and to the physical payment network, eg, including the payment network's equipment, hardware, and software.
[0033]Transaction Account - A financial account that can be used t...
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