Centralized Tokenization Authentication for IoT Devices
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Solution Overview
Problem
Current payment systems face challenges in managing authentication across multiple devices and merchants, leading to increased security risks and user inconvenience, as users need to authenticate with each merchant separately for tokenization.
Innovation Solution
A system that allows users to authenticate multiple Internet of Things (IoT) devices and merchants from a single interface, using a tokenization service provider to generate and manage tokens, enabling centralized authentication and tokenization, thereby reducing the need for repeated user authentication across different platforms.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If users authenticate with each merchant separately for tokenization, then security is improved through individual authentication, but user convenience deteriorates due to repeated authentication requirements
Solution Approach 1:
The patent combines multiple authentication operations into a single centralized authentication process. The authentication system aggregates authentication requests from multiple merchants and devices into one unified authentication event, where the user authenticates once and the authentication result is shared across all participating merchants and devices, eliminating repeated authentication while maintaining security through centralized verification
2Adaptability or versatility
If users associate payment card information with multiple devices and merchants, then versatility is improved, but authentication management complexity increases
Solution Approach 1:
The patent creates a universal authentication system that functions across multiple devices and merchants through a single interface. The centralized authentication system provides multi-functional capability by handling authentication for various device types (mobile devices, IoT devices, wearables) and merchant platforms simultaneously, allowing users to manage all authentications through one unified system rather than separate management for each device or merchant
Solution Approach 2:
The patent introduces a centralized authentication system as an intermediary between users and multiple merchants/devices. This intermediary layer receives authentication requests from any merchant or device, processes them through a unified authentication mechanism, and returns results to all parties involved, simplifying the complex many-to-many authentication relationships into a manageable centralized process
3Ease of operation
If tokens are provisioned to multiple devices, then ease of operation is improved, but security risk increases due to potential token compromise
Solution Approach 1:
The patent performs preliminary authentication and device verification before provisioning tokens to multiple devices. The centralized authentication system evaluates each device's trustworthiness and authentication credentials in advance, establishing a security framework before token distribution. This preliminary action ensures that only authenticated and authorized devices receive tokens, reducing the risk of token compromise while maintaining broad accessibility
Data Source
AI summary
A method and system include providing a user interface associated with an issuer of an account; receiving, at the user interface, a request to generate a token associated with a user account; generating at least one token associated with the user account; authenticating one or more elements associated with the user account, wherein authentication may be one of prior to and subsequent to the generation of the at least one token; and receiving the at least one token. Numerous other aspects are provided.