CLOUD-BASED VIRTUAL WALLET NFC APPARATUSES, METHODS AND SYSTEMS

• US 20140074637A1
• Filed: 09/11/2013
• Published: 03/13/2014
• Est. Priority Date: 09/11/2012
• Status: Active Grant

• Current Assignee: Visa International Service Association (Visa, Inc.)
• Original Assignee: Visa International Service Association (Visa, Inc.)
• Inventors: Hammad, Ayman
• Granted Patent: US 10,192,216 B2
• Time in Patent Office: Days
• US Class Current: 705/21
• CPC Class Codes: G06Q 20/12 specially adapted for electronic shopping systems
• CPC Class Codes: G06Q 20/204 comprising interface for record bearing medium or carrier for electronic funds transfer or payment credit
• CPC Class Codes: G06Q 20/227 characterised in that multiple accounts are available, e.g. to the payer
• CPC Class Codes: G06Q 20/3226 Use of secure elements separate from M-devices
• CPC Class Codes: G06Q 20/3227 using secure elements embedded in M-devices
• CPC Class Codes: G06Q 20/325 using wireless networks
• CPC Class Codes: G06Q 20/326 Payment applications installed on the mobile devices
• CPC Class Codes: G06Q 20/3278 RFID or NFC payments by means of M-devices
• CPC Class Codes: G06Q 20/351 Virtual cards
• CPC Class Codes: G06Q 20/352 Contactless payments by cards
• CPC Class Codes: G06Q 20/353 Payments by cards read by M-devices
• CPC Class Codes: G06Q 20/36 using electronic wallets or electronic money safes
• CPC Class Codes: G06Q 20/384 using social networks
• CPC Class Codes: G06Q 20/385 using an alias or single-use codes
• CPC Class Codes: G06Q 20/425 using two different networks, one for transaction and one for security confirmation

Abstract

The CLOUD-BASED VIRTUAL WALLET NFC APPARATUSES, METHODS AND SYSTEMS (“EAE”) transform user enhanced security transaction initiation requests using EAE components into time-limited, session-specific transaction bounding tokens. In some implementations, the disclosure provides a processor-implemented method of transforming a transaction bounding token request into transaction bounded tokens and purchase authorizations.

Claims

1. A cloud-based virtual wallet secure transaction processor-implemented method, comprising:

receiving a purchase payment request from a consumer device;

obtaining transaction details including a payment amount from the purchase payment request;

determining a transaction security token is required to process the purchase payment request;

determining a type of transaction security token to generate;

querying a security digital certificate database for a transaction security token generation certificate based on the purchase payment request and the transaction security token type;

receiving a transaction security token generation certificate;

transmitting a transaction bounding token request including transaction details to a third-party server;

receiving a generated transaction bounding token from the third-party server; and

providing the transaction bounding token to a transaction security server for use in processing the transaction.

2. A cloud-based virtual wallet secure transaction processor-implemented method, comprising:

receiving a purchase payment request from a consumer device;

obtaining transaction details including a payment amount from the purchase payment request;

determining a transaction security token is required to process the purchase payment request;

receiving a transaction bounding token; and

providing the transaction bounding token to a transaction security server for use in processing the transaction.

3. The method of claim 2, additionally comprising:

querying a security digital certificate database for a transaction security token generation certificate based on the purchase payment request;

receiving a transaction security token generation certificate; and

generating a transaction bounding token using the transaction security token generation certificate and the transaction details, wherein the consumer device is a smart phone having a connection via NFC to the point-of-sale terminal.

4. The method of claim 2, wherein the transaction details additionally include an indication of the items for purchase and wherein the consumer device is a pin-and-chip card in communication with a smart phone having a connection via NFC to a point-of-sale terminal.

5. The method of claim 3, additionally comprising:

determining a type of transaction bounding token to generate; and

querying the security digital certificate database for a transaction security token generation certificate based on the transaction bounding token type.

6. The method of claim 2, wherein the secure cloud-based transaction processing request is generated at a merchant server.

7. The method of claim 2, wherein the received purchase payment request is oblivious of any actual payment card credential.

8. The method of claim 3, further comprising:

obtaining the transaction security token certificate from a remote certificate database.

9. The method of claim 3, wherein generating the transaction bounding token comprises:

transmitting a transaction bounding token request including transaction details to a third-party server; and

receiving a generated transaction bounding token from the third-party server.

10. The method of claim 2, wherein the transaction bounding token is time bounded.

11. The method of claim 10, wherein the time bounded transaction bounding token may not be used to process the transaction after a time quantum has elapsed.

12. The method of claim 10, wherein the time bounded transaction bounding token may not be used to process the transaction until a time quantum has elapsed.

13. The method of claim 2, further comprising:

generating a purchase payment transaction request including the transaction bounding token; and

providing the purchase payment transaction request to a pay network.

14. A cloud-based virtual wallet secure transaction processor-implemented system, comprising:

means to receive a purchase payment request from a consumer device;

means to obtain transaction details including a payment amount from the purchase payment request;

means to determine a transaction security token is required to process the purchase payment request;

means to receive a transaction bounding token; and

means to provide the transaction bounding token to a transaction security server for use in processing the transaction.

15. The system of claim 14, additionally comprising:

means to query a security digital certificate database for a transaction security token generation certificate based on the purchase payment request;

means to receive a transaction security token generation certificate; and

means to generate a transaction bounding token using the transaction security token generation certificate and the transaction details, wherein the consumer device is a smart phone having a connection via NFC to the point-of-sale terminal.

16. The system of claim 14, wherein the transaction details additionally include an indication of the items for purchase and wherein the consumer device is a pin-and-chip card in communication with a smart phone having a connection via NFC to a point-of-sale terminal.

17. The system of claim 15, additionally comprising:

means to determine a type of transaction bounding token to generate; and

means to query the security digital certificate database for a transaction security token generation certificate based on the transaction bounding token type.

18. The system of claim 14, wherein the secure cloud-based transaction processing request is generated at a merchant server.

19. A cloud-based virtual wallet secure transaction apparatus, comprising:

a memory; and

a processor disposed in communication with said memory, and configured to issue a plurality of processing instructions stored in the memory, wherein the processor issues instructions to;

receive a purchase payment request from a consumer device;

obtain transaction details including a payment amount from the purchase payment request;

determine a transaction security token is required to process the purchase payment request;

receive a transaction bounding token; and

provide the transaction bounding token to a transaction security server for use in processing the transaction.

20. A non-transitory medium storing cloud-based virtual wallet secure transaction instructions to:

receive a purchase payment request from a consumer device;

obtain transaction details including a payment amount from the purchase payment request;

determine a transaction security token is required to process the purchase payment request;

receive a transaction bounding token; and

provide the transaction bounding token to a transaction security server for use in processing the transaction.