PAYMENT TOKENIZATION APPARATUSES, METHODS AND SYSTEMS
First Claim
1. A payment token arbitration processor-implemented method, comprising:
- obtaining a token arbitration request including unique source-neutral universally-resolvable payment token information from a merchant for processing a purchase order from a user;
querying a token database for issuer information on an issuer using the payment token information;
obtaining the issuer information based on querying the token database;
generating via a processor a purchase authorization request using the issuer information and data extracted from the token arbitration request; and
providing the generated purchase authorization request to the issuer.
2 Assignments
0 Petitions
Accused Products
Abstract
The PAYMENT TOKENIZATION APPARATUSES, METHODS AND SYSTEMS (“PT”) transform payment token-based purchase orders via PT components into multi-issuer purchase payment funds transfers. In one embodiment, the PT obtains a token arbitration request including unique source-neutral universally-resolvable payment token information from a merchant for processing a purchase order from a user. The PT queries a token database for issuer information on an issuer using the payment token information, and obtains the issuer information. The PT also determines that the user should be queried for payment options based on the issuer information, generates a payment options request, and provides the payment options request to a mobile device of the user. Upon obtaining a response to the payment options request from the mobile device of the user, the PT generates a purchase authorization request based on the payment options and pre-defined settings for issuers to be contacted for processing the purchase order, and provides the generated purchase authorization request to the issuer.
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Citations
28 Claims
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1. A payment token arbitration processor-implemented method, comprising:
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obtaining a token arbitration request including unique source-neutral universally-resolvable payment token information from a merchant for processing a purchase order from a user; querying a token database for issuer information on an issuer using the payment token information; obtaining the issuer information based on querying the token database; generating via a processor a purchase authorization request using the issuer information and data extracted from the token arbitration request; and providing the generated purchase authorization request to the issuer. - View Dependent Claims (2, 3, 4, 5, 6, 7, 11)
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8. A payment token arbitration means, comprising:
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means for obtaining a token arbitration request including unique source-neutral universally-resolvable payment token information from a merchant for processing a purchase order from a user; means for querying a token database for issuer information on an issuer using the payment token information; means for obtaining the issuer information based on querying the token database; means for generating a purchase authorization request using the issuer information and data extracted from the token arbitration request; and means for providing the generated purchase authorization request to the issuer. - View Dependent Claims (14)
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9. The means of claim 9, further comprising:
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means for determining that the user should be queried for payment options based on the issuer information; means for generating a payment options request for the user; and means for providing the payment options request to a mobile device of the user. - View Dependent Claims (10, 12, 13)
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15. A payment token arbitration system, comprising:
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a processor; and a memory disposed in communication with the process and storing processor-executable instructions to; obtain a token arbitration request including unique source-neutral universally-resolvable payment token information from a merchant for processing a purchase order from a user; query a token database for issuer information on an issuer using the payment token information; obtain the issuer information based on querying the token database; generate a purchase authorization request using the issuer information and data extracted from the token arbitration request; and provide the generated purchase authorization request to the issuer. - View Dependent Claims (16, 17, 18, 19, 20, 21)
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22. A processor-readable tangible medium storing processor-executable payment token arbitration instructions to:
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obtain a token arbitration request including payment token information from a merchant for processing a purchase order from a user; query a token database for issuer information on an issuer using the payment token information; obtain the issuer information based on querying the token database; generate a purchase authorization request using the issuer information and data extracted from the token arbitration request; and provide the generated purchase authorization request to the issuer. - View Dependent Claims (23, 24, 25, 26, 27, 28)
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Specification