TOKENIZED CONTACTLESS PAYMENTS FOR MOBILE DEVICES

• US 20120203700A1
• Filed: 12/09/2011
• Published: 08/09/2012
• Est. Priority Date: 12/10/2010
• Status: Abandoned Application

• Current Assignee: Electronic Payment Exchange
• Original Assignee: Electronic Payment Exchange
• Inventors: Ornce, Matthew R., Moyer, Raymond, Glenn, Kent R., Sackenheim, Gregory J., Dollarhide, Alec B., Pile, Steven H.
• Application Number:
  US13/315,544
• Publication Number:
  US 20120203700A1
• Time in Patent Office: Days
• US Class Current: 705/67
• CPC Class Codes: G06Q 20/3278 RFID or NFC payments by means of M-devices
• CPC Class Codes: G06Q 20/385 using an alias or single-use codes

Abstract

According to an exemplary embodiment of the invention, a method is discloses for facilitating a credit card transaction wirelessly via a mobile device. The method includes receiving registration information for a credit card and a mobile device, the registration information for the credit card including a primary account number (PAN) of the credit card; associating the registration information for the credit card with a unique token; generating a pseudo-PAN based on the PAN, the pseudo-PAN being different than the PAN; and providing the unique token and the pseudo-PAN to the mobile device for use in one or more credit card transactions.

Claims

1. A method for facilitating a credit card transaction wirelessly via a mobile device, the method comprising:

receiving registration information for a credit card and a mobile device, the registration information for the credit card including a primary account number (PAN) of the credit card;

associating the registration information for the credit card with a unique token;

generating a pseudo-PAN based on the PAN, the pseudo-PAN being different than the PAN; and

providing the unique token and the pseudo-PAN to the mobile device for use in one or more credit card transactions.

2. The method of claim 1, wherein the pseudo-PAN contains a Bank Identification Number (BIN) identical to a Bank Identification Number (BIN) of the PAN;

wherein the pseudo-PAN contains four digits identical to the last four digits of the PAN; and

wherein the pseudo-PAN contains discretionary data that differs from the PAN.

3. The method of claim 2, wherein the discretionary data contains the unique token.

4. The method of claim 1, wherein the unique token is a single use token.

5. The method of claim 1, wherein the registration information for the credit card and the mobile device is received through a web site.

6. The method of claim 1 further comprising:

establishing a password, wherein the password is associated with the unique token.

7. The method of claim 1, further comprising:

receiving registration information for a second credit card;

associating the registration information for the second credit card with a second unique token;

generating a second unique token and a second pseudo-PAN, the second pseudo-PAN being different than the PAN and the pseudo-PAN; and

providing the second unique token and the second pseudo-PAN to the mobile device.

8. The method of claim 1, further comprising:

storing a copy of the token in a database.

9. The method of claim 1, wherein the unique token expires after a predetermined period of time.

10. A method for facilitating a credit card transaction via a mobile device, the method comprising:

receiving a unique token and a pseudo-PAN;

identifying an actual PAN based on the unique token and the pseudo-PAN, the pseudo-PAN being associated with the actual PAN, the pseudo PAN being different than the actual PAN; and

sending the actual PAN to an entity that uses the actual PAN to determine if the credit card transaction is approved.

11. The method of claim 10, wherein the credit card transaction is approved in connection with a settlement request.

12. The method of claim 10, therein the credit card transaction is approved in connection with an authorization request.

13. The method of claim 12, further comprising:

generating a second unique token and a second pseudo-PAN;

sending the second unique token and the second pseudo-PAN to the mobile device; and

preventing, after the second unique token and the second pseudo-PAN has been sent, the unique token from being used to identify an actual PAN.

14. The method of claim 12, further comprising:

preventing the unique token from being used to identify an actual PAN after a predetermined period of time.

15. The method of claim 10, wherein the unique token and pseudo-PAN are received using Near Field Communications.

16. The method of claim 10, wherein identifying the actual PAN comprises:

retrieving the actual credit card number from a database using the unique token, the database linking the actual credit card number to the unique token.

17. The method of claim 16 further comprising:

extracting a BIN from the pseudo-PAN, wherein the BIN from the pseudo-PAN is identical to a BIN of the PAN; and

retrieving the actual credit card number from the database using the extracted BIN, the extracted BIN being used to identify a credit card network associated with the BIN of the pseudo-PAN.

18. The method of claim 16 further comprising:

extracting the last four digits of the PAN from the pseudo-PAN, wherein the pseudo-PAN contains four digits that are identical to the last four digits of the PAN; and

providing the last four digits of the PAN to a merchant for display on a receipt.

19. The method of claim 10, wherein the unique token and the pseudo primary account number (PAN) is received from a mobile device.

20. The method of claim 19, wherein the unique token and the pseudo primary account number (PAN) is received from an application running on the mobile device.