Systems and methods for interoperable network token processing

Abstract

Systems and methods for interoperable network token processing are provided. A network token system provides a platform that can be leveraged by external entities (e.g., third party wallets, e-commerce merchants, payment enablers / payment service providers, etc.) or internal payment processing network systems that have the need to use the tokens to facilitate payment transactions. A token registry vault can provide interfaces for various token requestors (e.g., mobile device, issuers, merchants, mobile wallet providers, etc.), merchants, acquirers, issuers, and payment processing network systems to request generation, use and management of tokens. The network token system further provides services such as card registration, token generation, token issuance, token authentication and activation, token exchange, and token life-cycle management.

Description

CROSS-REFERENCES TO RELATED APPLICATIONS[0001]This application is a non-provisional application of and claims the benefit of priority to U.S. Provisional Application No. 61 / 858,087, filed on Jul. 24, 2013, U.S. Provisional Application No. 61 / 863,863, filed on Aug. 8, 2013, and U.S. Provisional Application No. 61 / 935,036, filed on Feb. 3, 2014, which are herein incorporated by reference in their entirety for all purposes.[0002]This application is related to U.S. non-provisional patent application Ser. No. ______, entitled “Systems and Methods for Communicating Risk Using Token Assurance Data” (Attorney Docket No. 79900-910619) and U.S. non-provisional patent application Ser. No. ______, entitled “Systems and Methods For Communicating Token Attributes Associated with a Token Vault” (Attorney Docket No. 79900-910621), all of which are filed on the same day as the present application.BACKGROUND[0003]In a traditional electronic payment transaction, a consumer's PAN (primary account numbe...

AI Technical Summary

Benefits of technology

The invention describes a network HEY there is a system that allows different entities to use tokens to make payments. It includes a registry that allows entities to apply for tokens, generate them, and use them for purchases. The system ensures that the tokens are secure and can be routed through the system easily. This allows for interoperability and the use of single tokens across different entities. In summary, the technical effects of the network token system are improved efficiency and security in making payments using tokens.

Problems solved by technology

Once expired, they cannot be reused until reissued.

Non-payment tokens cannot be used to submit a transaction.

While conventional efforts to use payment tokens have been useful, a number of additional problems need to be solved.

For example, because the real PAN is not apparent from a corresponding token, it is difficult to identify the source of the token or the issuer of the token.

For example, it is difficult to route token based messages to the correct issuers since the routing information of a normal PAN is obfuscated.

Another problem to be solved is that various parties in the payment transaction processing system may need information about the token for various reasons.

The various entities that need information about the token do not currently have a way to obtain such information.

For exmaple, because token are obfuscated PANs, it is not possible to run traditional fraud analyses on the tokens.

Entities such as merchants may want to perform fraud analyses, but may not have a way to do so since they do not have the underlying account information to make the appropriate inquires to either their own databases of information or others' databases of information.

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