Payment Channel Returning Limited Use Proxy Dynamic Value
First Claim
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1. A method in a central computer for conducting a transaction between a cardholder and a merchant comprising the central computer performing steps of:
- receiving a request for a proxy dynamic value;
in response to receiving a request, associating a proxy dynamic value which corresponds to a primary account number (PAN) of a payment device from among two or more portable payment devices of the cardholder; and
providing the proxy dynamic value to the merchant,wherein the transaction is completed using the proxy dynamic value received by the merchant.
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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
20 Claims
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1. A method in a central computer for conducting a transaction between a cardholder and a merchant comprising the central computer performing steps of:
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receiving a request for a proxy dynamic value; in response to receiving a request, associating a proxy dynamic value which corresponds to a primary account number (PAN) of a payment device from among two or more portable payment devices of the cardholder; and providing the proxy dynamic value to the merchant, wherein the transaction is completed using the proxy dynamic value received by the merchant. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10)
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11. A method in a computer system to facilitate a transaction between a cardholder and a merchant comprising the computer performing steps of:
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receiving a request for a proxy dynamic value from a requestor; in response to receiving a request, communicating with the cardholder to select a payment device from among two or more payment devices of the cardholder; obtaining a proxy dynamic value for a selected payment device of the cardholder, wherein the proxy dynamic value is associated with an actual primary account number of the selected payment device but is not the actual primary account number; and providing the proxy dynamic value to a recipient, wherein the proxy dynamic value is used to conclude the transaction. - View Dependent Claims (12, 13, 14, 15, 16, 17, 18, 19, 20)
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Specification