Transaction device and processing system

• US 20130080275A1
• Filed: 09/23/2011
• Published: 03/28/2013
• Est. Priority Date: 09/23/2011
• Status: Abandoned Application

• Current Assignee: Bank of America Corp.
• Original Assignee: Bank of America Corp.
• Inventors: Ronca, James G., Zanzot, Mark D., Gibson, Lisa, Griggs, Christopher R.
• Application Number:
  US13/200,455
• Publication Number:
  US 20130080275A1
• Time in Patent Office: Days
• US Class Current: 705/21
• CPC Class Codes: G06Q 20/20 Point-of-sale [POS] network systems
• CPC Class Codes: G06Q 20/227 characterised in that multiple accounts are available, e.g. to the payer
• CPC Class Codes: G06Q 20/3223 Realising banking transactions through M-devices
• CPC Class Codes: G06Q 20/385 using an alias or single-use codes

Abstract

According to some embodiments, a transaction device for performing a transaction between a customer and a merchant comprises a transaction module and a point of sale interface. The transaction module is operable to identify a first account and obtain an obfuscated account number, the obfuscated account number being a temporary-use number associated with a permanent account number of the first account. The point of sale interface is operable to transmit a transaction request to a point of sale receiver associated with the merchant, the transaction request comprising the obfuscated account number.

Claims

1. A transaction device for performing a transaction between a customer and a merchant, comprising:

a transaction module operable to;

identify a first account; and

obtain an obfuscated account number, the obfuscated account number being a temporary-use number associated with a permanent account number of the first account; and

a point of sale interface operable to transmit a transaction request to a point of sale receiver associated with the merchant, the transaction request comprising the obfuscated account number.

2. The transaction device of claim 1, wherein the first account is identified in response to a selection received from the customer when the customer is located at a facility associated with the merchant.

3. The transaction device of claim 1, wherein the point of sale interface comprises a magnetic data stripe operable to transmit a first number for a first transaction and a second number instead of the first number for a second transaction.

4. The transaction device of claim 1, wherein the point of sale interface comprises a wireless transmitter operable to communicate with the point of sale receiver without physical contact with the point of sale receiver.

5. The transaction device of claim 1, the transaction module being further operable to obtain the obfuscated account number from an obfuscation engine remote from the transaction device.

6. The transaction device of claim 5, the transaction module being further operable to obtain the obfuscated account number from the obfuscation engine when the customer is located at a facility associated with the merchant.

7. The transaction device of claim 1, the transaction module further comprising an obfuscation engine operable to generate the obfuscated account number.

8. The transaction device of claim 1, the transaction module being further operable to obtain a second obfuscated account number after the transaction request is transmitted to the point of sale.

9. A non-transitory computer readable medium comprising logic for execution, the logic, when executed by a processor, operable to:

identify a first account associated with a customer;

obtain an obfuscated account number, the obfuscated account number being a temporary-use number associated with a permanent account number of the first account; and

transmit a transaction request to a point of sale receiver associated with a merchant, the transaction request comprising the obfuscated account number.

10. The computer-readable medium of claim 9, wherein the first account is identified in response to a selection received from the customer when the customer is located at a facility associated with the merchant.

11. The computer-readable medium of claim 9, the logic when executed being further operable to obtain the obfuscated account number from a remote obfuscation engine.

12. The computer-readable medium of claim 11, the logic when executed being further operable to obtain the obfuscated account number from the obfuscation engine when the customer is located at a facility associated with the merchant.

13. The computer-readable medium of claim 9, the logic when executed being further operable to generate the obfuscated account number.

14. The computer-readable medium of claim 9, the logic when executed being further operable to obtain a second obfuscated account number after the transaction request is transmitted to the point of sale.

15. A computerized method for performing a transaction between a customer and a merchant, comprising:

identifying a first account;

obtaining an obfuscated account number, the obfuscated account number being a temporary-use number associated with a permanent account number of the first account; and

transmitting a transaction request to a point of sale receiver associated with the merchant, the transaction request comprising the obfuscated account number.

16. The computerized method of claim 15, wherein the first account is identified in response to a selection received from the customer when the customer is located at a facility associated with the merchant.

17. The computerized method of claim 15, further comprising obtaining the obfuscated account number by obtaining the obfuscated account number from a remote obfuscation engine.

18. The computerized method of claim 17, further comprising obtaining the obfuscated account number from the obfuscation engine by obtaining the obfuscated account number when the customer is located at a facility associated with the merchant.

19. The computerized method of claim 15, further comprising generating the obfuscated account number.

20. The computerized method of claim 15, further comprising obtaining a second obfuscated account number after the transaction request is transmitted to the point of sale.