Unlock instant, AI-driven research and patent intelligence for your innovation.

Manage customer uniqueness in a tokenized system

A technology for payment terminals and transaction requests, applied in the field of authorizing or blocking electronic transactions, identifying the source of funds for electronic transactions, and executing fields, which can solve problems such as unknowing

Active Publication Date: 2022-04-19
MASTERCARD INT INC
View PDF5 Cites 0 Cited by
  • Summary
  • Abstract
  • Description
  • Claims
  • Application Information

AI Technical Summary

Problems solved by technology

However, this means that the merchant has no way of knowing that the FPAN and one or more DPANs used to make the transaction on their terminal are funded from the same account

Method used

the structure of the environmentally friendly knitted fabric provided by the present invention; figure 2 Flow chart of the yarn wrapping machine for environmentally friendly knitted fabrics and storage devices; image 3 Is the parameter map of the yarn covering machine
View more

Image

Smart Image Click on the blue labels to locate them in the text.
Viewing Examples
Smart Image
  • Manage customer uniqueness in a tokenized system
  • Manage customer uniqueness in a tokenized system
  • Manage customer uniqueness in a tokenized system

Examples

Experimental program
Comparison scheme
Effect test

Embodiment Construction

[0050] figure 1 An exemplary multi-party payment transaction system 100 is shown for enabling a card payment or similar transaction by a customer 110 (eg, cardholder, user, etc.) at a merchant 120 (eg, a transportation agency). An issuer 150 (typically a financial institution such as a bank) establishes the customer's account 114 for the customer 110 and stores and updates data in association with the account, eg, in a database 152 . Issuer 150 also provides customer 110 with a payment device 112 associated with customer account 114 , such as a credit, debit, prepaid, or commercial card and / or equivalent.

[0051] A payment transaction is initiated when customer 110 makes payment for a purchase from merchant 120, typically at a point-of-sale (POS) terminal (not shown), using payment device 112 . then need figure 1 A series of exchanges between the parties shown to complete the transaction. These exchanges are generally believed to occur in four stages: (1) reader interactio...

the structure of the environmentally friendly knitted fabric provided by the present invention; figure 2 Flow chart of the yarn wrapping machine for environmentally friendly knitted fabrics and storage devices; image 3 Is the parameter map of the yarn covering machine
Login to View More

PUM

No PUM Login to View More

Abstract

According to one aspect, there is provided a method comprising, an auxiliary payment device: a receiving device primary account number (DPAN) and a funds source proxy (FSP) derived from the funds source's funds primary account number (FPAN) according to a predetermined algorithm; and will include all The auxiliary payment device transaction request of the DPAN and the FSP is sent to the payment terminal. According to another aspect, there is provided a method comprising, a payment terminal: receiving a secondary payment device comprising a Device Primary Account Number (DPAN) and a Funding Source Agent (FSP) derived from the Funding Primary Account Number (FPAN) of the funding source according to a predetermined algorithm a transaction request; in response thereto, determining that the FSP is not present on a denial list stored at the payment terminal; and in response thereto, authorizing the secondary payment device transaction request.

Description

[0001] Cross References to Related Applications [0002] This application claims priority and benefit from the filing date of European Patent Application No. 15181150.2, filed 14 August 2015, the entire contents of which are hereby incorporated by reference. technical field [0003] The present disclosure relates to a method of identifying a source of funds for an electronic transaction. The disclosure further relates to methods of executing, authorizing or blocking electronic transactions. It also relates to a method of configuring payment capabilities for a device. Background technique [0004] The traditional card payment model allows identification of the source of funds for an electronic transaction because there is a one-to-one correspondence between the PAN (Primary Account Number) displayed on a credit or debit card and the account from which funds were drawn for the transaction made using said card. In the case of a many-to-one relationship (such as a joint accoun...

Claims

the structure of the environmentally friendly knitted fabric provided by the present invention; figure 2 Flow chart of the yarn wrapping machine for environmentally friendly knitted fabrics and storage devices; image 3 Is the parameter map of the yarn covering machine
Login to View More

Application Information

Patent Timeline
no application Login to View More
Patent Type & Authority Patents(China)
IPC IPC(8): G06Q20/40
CPCG06Q20/227G06Q20/40G06Q20/3821G06Q20/382G06Q20/385
Inventor J·诺伊J·蒂尔尼
Owner MASTERCARD INT INC
Features
  • R&D
  • Intellectual Property
  • Life Sciences
  • Materials
  • Tech Scout
Why Patsnap Eureka
  • Unparalleled Data Quality
  • Higher Quality Content
  • 60% Fewer Hallucinations
Social media
Patsnap Eureka Blog
Learn More

Browse by: Latest US Patents, China's latest patents, Technical Efficacy Thesaurus, Application Domain, Technology Topic, Popular Technical Reports.

© 2025 PatSnap. All rights reserved.Legal|Privacy policy|Modern Slavery Act Transparency Statement|Sitemap|About US| Contact US: help@patsnap.com