FRAMEWORK FOR MANAGING ONLINE TRANSACTIONS IN INTERNET OF THINGS (IoT)

• US 20180330380A1
• Filed: 05/10/2017
• Published: 11/15/2018
• Est. Priority Date: 05/10/2017
• Status: Active Grant

• Current Assignee: SAP SE
• Original Assignee: SAP SE
• Inventors: SUNDARAM P, MEENAKSHI
• Granted Patent: US 10,740,760 B2
• Time in Patent Office: Days
• CPC Class Codes: G06Q 20/308 using the Internet of Things
• CPC Class Codes: G06Q 20/321 using wearable devices
• CPC Class Codes: G06Q 20/4016 involving fraud or risk level assessment in transaction processing

Abstract

Methods and system are disclosed that execute processing a payment event. In one aspect, via a framework, a request for initiating a payment event from a smart device via a smart terminal is received. Upon processing the initiated request, the received request may be authenticated based on a configuration information associated with the payment event. When the authentication is successful, a session to process the request including the payment event may be established. Based on the established session, whether to execute processing the payment event based on a combination of transaction context associated with the payment event and a device identifier associated with the smart device. Based on the determination, processing the payment event may be executed.

Claims

1. A computer implemented method to execute processing a payment event, comprising:

via a framework, receiving a request for initiating a payment event from a smart device via a smart terminal;

upon processing the initiated request, authenticating the received request at the framework based on a configuration information associated with the payment event;

when the authentication is successful, establishing a session to process the payment event;

based on the established session, determining whether to execute processing the payment event based on a combination of a transaction context associated with the payment event and a device identifier associated with the smart device at the framework; and

based on the determination, executing processing the payment event.

2. The computer implemented method of claim 1, further comprising:

when the authentication is unsuccessful, sending an authentication failure notification to the smart terminal in response to the initiated payment event.

3. The computer implemented method of claim 1, further comprising:

based on configuration information associated with a type of the payment event, determining a payment context associated with the payment event at the framework.

4. The computer implemented method of claim 1, wherein determining the transaction context comprises:

based on the configuration information associated with the payment event, determining one or more attributes of the payment event;

determining one or more parameters associated with the smart device; and

based on a combination of the determined one or more attributes of the payment event and the one or more parameters of the smart device, determining whether to execute processing the payment event.

5. The computer implemented method of claim 1, further comprising:

based on a combination of the type of the payment event and one or more constraints associated with the payment event, determining a transaction limit for the payment event; and

based on the determined transaction limit for the payment event, determining whether to execute processing the payment event.

6. The computer implemented method of claim 1, wherein the smart device is selected from a group consisting a smart ring, a smart watch, a wearable computer, a smart keychain, a smart card, a mobile application, a near frequency communication electronic device or a combination thereof.

7. A computer system to execute processing a payment event, comprising:

a memory storing computer instructions; and

a processor communicatively coupled with the memory to execute the instructions to perform operations comprising;

via a framework, receive a request for initiating a payment event from a smart device via a smart terminal;

upon processing the initiated request, authenticate the received request at the framework based on a configuration information associated with the payment event;

when the authentication is successful, establish a session to process the payment event;

based on the established session, determine whether to execute processing the payment event based on a combination of a transaction context associated with the payment event and a device identifier associated with the smart device at the framework; and

based on the determination, execute processing the payment event.

8. The computer system of claim 7, further comprising:

when the authentication is unsuccessful, sending an authentication failure notification to the smart terminal in response to the initiated payment event.

9. The computer system of claim 7, further comprising:

based on configuration information associated with a type of the payment event, determining a payment context associated with the payment event at the framework.

10. The computer system of claim 7, wherein determining the transaction context comprises:

based on the configuration information associated with the payment event, determining one or more attributes of the payment event;

determining one or more parameters associated with the smart device; and

based on a combination of the determined one or more attributes of the payment event and the one or more parameters of the smart device, determining whether to execute processing the payment event.

11. The computer system of claim 7, further comprising:

based on a combination of the type of the payment event and one or more constraints associated with the payment event, determining a transaction limit for the payment event; and

based on the determined transaction limit for the payment event, determining whether to execute processing the payment event.

12. The computer system of claim 7, wherein the smart device is selected from a group consisting a smart ring, a smart watch, a wearable computer, a smart keychain, a smart card, a mobile application, a near frequency communication electronic device or a combination thereof.

13. The computer system of claim 7, further comprising:

a plurality of token managers to manage assignment of one or more resources to one or more worker nodes for an execution of one or more tasks.

14. A non-transitory computer readable storage medium tangibly storing instructions, which when executed by a computer, cause the computer to execute operations comprising:

via a framework, receive a request for initiating a payment event from a smart device via a smart terminal;

upon processing the initiated request, authenticate the received request at the framework based on a configuration information associated with the payment event;

when the authentication is successful, establish a session to process the payment event;

based on the established session, determine whether to execute processing the payment event based on a combination of a transaction context associated with the payment event and a device identifier associated with the smart device at the framework; and

based on the determination, execute processing the payment event.

15. The non-transitory computer readable storage medium of claim 14, further cause the computer to execute operations comprising:

when the authentication is unsuccessful, sending an authentication failure notification to the smart terminal in response to the initiated payment event.

16. The non-transitory computer readable storage medium of claim 14, further cause the computer to execute operations comprising:

based on configuration information associated with a type of the payment event, determining a payment context associated with the payment event at the framework.

17. The non-transitory computer readable storage medium of claim 14, wherein determining the transaction context comprises:

based on the configuration information associated with the payment event, determining one or more attributes of the payment event;

determining one or more parameters associated with the smart device; and

based on a combination of the determined one or more attributes of the payment event and the one or more parameters of the smart device, determining whether to execute processing the payment event.

18. The non-transitory computer readable storage medium of claim 14, further cause the computer to execute operations comprising:

based on a combination of the type of the payment event and one or more constraints associated with the payment event, determining a transaction limit for the payment event; and

based on the determined transaction limit for the payment event, determining whether to execute processing the payment event.

19. The non-transitory computer readable storage medium of claim 14, wherein the smart device is selected from a group consisting a smart ring, a smart watch, a wearable computer, a smart keychain, a smart card, a mobile application, a near frequency communication electronic device or a combination thereof.

20. The non-transitory computer readable storage medium of claim 14, further comprising:

a plurality of token managers to manage assignment of one or more resources to one or more worker nodes for an execution of one or more tasks.