Tokens Usable in Value-Based Transactions
First Claim
1. A method of generating a token, the method comprising:
- receiving information identifying an account;
receiving information identifying an entity authorized to transfer value from the account; and
generating a token comprising token information, the token information comprising information identifying the account and information identifying the entity, wherein at least the information identifying the account is encrypted and the token enables value to be transferred from the account.
1 Assignment
0 Petitions
Accused Products
Abstract
Techniques for generating a token that can be used to transfer value. The token may be used to transfer value in a value-based transaction with a vendor in a way that is secure and safe and maintains anonymity of the source of the value and preserves secrecy of information that should preferably not be disclosed to an untrusted third party such as a vendor. The token comprises sufficient information that enables value to be transferred from an account associated with the token to a vendor during a value-based transaction. Such a token may be presented by a user to a vendor in a value-based transaction with the purpose of transferring value involved in the transaction to the vendor in order to complete the transaction.
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Citations
31 Claims
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1. A method of generating a token, the method comprising:
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receiving information identifying an account; receiving information identifying an entity authorized to transfer value from the account; and generating a token comprising token information, the token information comprising information identifying the account and information identifying the entity, wherein at least the information identifying the account is encrypted and the token enables value to be transferred from the account. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12)
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13. A method of performing a transaction, the method comprising:
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obtaining, at a vendor system of a vendor, token-related information from a token, the token-related information comprising information identifying an account and information identifying an entity authorized to transfer value from the account, wherein the information identifying the account is encrypted; communicating the encrypted information identifying the account from the vendor system to the entity authorized to transfer value from the account; communicating, from the vendor system to the entity, transaction information comprising information related to a transaction, the transaction information identifying a value to be transferred to the vendor; and receiving, at the vendor system from the entity, a code indicating approval or rejection of transfer of the value to the vendor. - View Dependent Claims (14, 15, 16, 17, 18, 19)
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20. A system for generating a token, the system comprising:
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a memory storing a plurality of instructions; and a processor configured to execute the plurality of instructions, wherein upon execution of the plurality of instructions the processor is configured to; receive information identifying an account; and receive information identifying an entity authorized to transfer value from the account; and cause generation of a token comprising token information, the token information comprising information identifying the account and information identifying the entity, wherein at least the information identifying the account is encrypted and the token enables value to be transferred from the account. - View Dependent Claims (21, 22, 23, 24, 25, 26, 27)
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28. A system for performing a transaction, the system comprising:
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a memory storing a plurality of instructions; and a processor configured to execute the plurality of instructions, wherein upon execution of the plurality of instructions the processor is configured to; obtain token-related information from a token, the token-related information comprising information identifying an account and information identifying an entity authorized to transfer value from the account, wherein the information identifying the account is encrypted; communicate the encrypted information identifying the account to the entity authorized to transfer value from the account; communicate, to the entity, transaction information comprising information related to a transaction, the transaction information identifying a value to be transferred to a vendor; and receive, from the entity, a code indicating approval or rejection of transfer of the value to the vendor. - View Dependent Claims (29, 30, 31)
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Specification