Tokenized Card Provisioning for Instant Multi-Platform Issuance
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Solution Overview
Problem
Users face cumbersome processes when adding a new card account to digital accounts, including delays in card issuance and redundant input of card information, which limits immediate use of the card for transactions.
Innovation Solution
A system and method for instant provisioning of tokenized card account information to resource providing entities and devices, allowing users to select and control where the tokens are distributed, including existing and new accounts, through an issuer application or third-party portal, enabling in-app provisioning and immediate transaction capabilities.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Productivity
If a user applies for a new card account, then the card account is created, but there is a delay of five to seven days until the card is made and shipped
Solution Approach 1:
The patent creates a digital copy of the physical card account information in the form of a token that can be immediately stored and used in digital wallets and applications. This digital token copy eliminates the need to wait for physical card manufacturing and shipping while maintaining full functionality for transactions.
Solution Approach 2:
The system performs preliminary tokenization and provisioning actions immediately upon card account approval, before the physical card is even manufactured. The token is pre-generated, secured, and can be instantly provisioned to multiple digital wallets and resource providing entities, enabling immediate use while the physical card is being prepared.
2Adaptability or versatility
If a user adds a new card account to multiple digital accounts manually, then the card can be used with various entities, but the user must provide card account information separately to each entity
Solution Approach 1:
The patent introduces a token service as an intermediary between the card issuing entity and multiple resource providing entities. The token service generates a single token that represents the card account and can be provisioned to multiple digital wallets and entities simultaneously, eliminating the need for manual information entry at each entity.
Solution Approach 2:
The token serves as a universal representation of the card account that can be used across multiple different digital wallets, applications, and resource providing entities. This single token performs the function of providing card information to multiple entities, making the system multi-functional and highly adaptable.
3Adaptability or versatility
If a user manually adds card information to each digital account, then the card can be integrated with various platforms, but the process is cumbersome and not smooth or timely
Solution Approach 1:
The patent merges the card account information into a single tokenized form that can be simultaneously provisioned to multiple digital wallets and platforms through a single action. This combining approach consolidates what would otherwise be multiple separate manual entry processes into one unified operation.
Solution Approach 2:
The token service automatically handles the complexity of token generation, security, and provisioning to multiple entities without requiring manual intervention at each step. The system performs self-service operations to integrate the card with various platforms automatically, reducing the manual process complexity for the user.
Data Source
AI summary
A user can request provisioning of account information for an account to a plurality of resource providing entities. The account may be a new or existing account issued by an authorization computer. The authorization computer may prompt the user to select one or more resource providing entities to which to provision a token associated with the account. Processor server computer may then tokenize the account information associated with the account by determining a token for each resource providing entity selected by the user. In some cases, a token may be provisioned to an already existing account or profile (e.g., account on file) associated with a resource providing entity. In other cases, an account or profile associated with a resource providing entity may not yet exist and thus may be created before a token may be provisioned. Subsequently, the user may utilize provisioned tokens to conduct transactions.