Payment channel returning limited use proxy dynamic value
First Claim
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1. A method for conducting a payment transaction between a cardholder and a merchant comprising:
- in response to initiation of the payment transaction by the cardholder, receiving, at a computer system, a request to obtain a proxy dynamic value from a merchant computer associated with a merchant, the computer system being distinct from an issuing bank and distinct from an acquiring bank;
in response to receiving the request to obtain the proxy dynamic value from the merchant computer, presenting, by the computer system to a cardholder communication device, the cardholder with a list of portable payment devices the cardholder has enrolled with the computer system;
receiving, a selection of a portable payment device from the list of portable payment devices, from the cardholder communication device;
generating and associating, by the computer system, a proxy dynamic value which is distinct from and corresponds to a primary account number (PAN) of the portable payment device; and
providing, by the computer system, the proxy dynamic value to the merchant computer;
receiving, by the computer system, the proxy dynamic value after the merchant computer receives the proxy dynamic value; and
returning, by the computer system, the primary account number,wherein the primary account number is used to complete the payment transaction.
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Accused Products
Abstract
A central platform provides proxy dynamic values for any one of a number of a cardholder'"'"'s portable payment devices, upon a request for such information made during a transaction. The proxy dynamic value can be provided to the merchant, who then can route it into the acceptance network in order to initiate the authentication process. The central platform provides the actual primary account number associated with the proxy dynamic value during the authentication process.
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Citations
18 Claims
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1. A method for conducting a payment transaction between a cardholder and a merchant comprising:
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in response to initiation of the payment transaction by the cardholder, receiving, at a computer system, a request to obtain a proxy dynamic value from a merchant computer associated with a merchant, the computer system being distinct from an issuing bank and distinct from an acquiring bank; in response to receiving the request to obtain the proxy dynamic value from the merchant computer, presenting, by the computer system to a cardholder communication device, the cardholder with a list of portable payment devices the cardholder has enrolled with the computer system; receiving, a selection of a portable payment device from the list of portable payment devices, from the cardholder communication device; generating and associating, by the computer system, a proxy dynamic value which is distinct from and corresponds to a primary account number (PAN) of the portable payment device; and providing, by the computer system, the proxy dynamic value to the merchant computer; receiving, by the computer system, the proxy dynamic value after the merchant computer receives the proxy dynamic value; and returning, by the computer system, the primary account number, wherein the primary account number is used to complete the payment transaction. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12)
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13. A computer system comprising;
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a processor; and a computer readable medium coupled to the processor, the computer readable medium comprising code, executable by the processor to implement a method comprising in response to initiation of a payment transaction by a cardholder, receiving, at the computer system, a request to obtain a proxy dynamic value from a merchant computer associated with a merchant, the computer system being distinct from an issuing bank and distinct from an acquiring bank; in response to receiving the request to obtain the proxy dynamic value from the computer system of the merchant, presenting, by the computer system to a cardholder communication device, the cardholder with a list of portable payment devices the cardholder has enrolled with the computer system; receiving, a selection of a portable payment device from the list of portable payment devices, from the cardholder communication device; generating and associating, by the computer system, a proxy dynamic value which is distinct from and corresponds to a primary account number (PAN) of the portable payment device; and providing, by the computer system, the proxy dynamic value to the merchant computer; receiving, by the computer system, the proxy dynamic value after the merchant computer receives the proxy dynamic value; and returning, by the computer system, the primary account number, wherein the primary account number is used to complete the payment transaction. - View Dependent Claims (14, 15, 16, 17, 18)
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Specification