Account permanence

• US 7,937,324 B2
• Filed: 09/05/2008
• Issued: 05/03/2011
• Est. Priority Date: 09/13/2007
• Status: Active Grant

• Current Assignee: Visa USA, Inc. (Visa, Inc.)
• Original Assignee: Visa USA, Inc. (Visa, Inc.)
• Inventors: Patterson, Barbara
• Primary Examiner(s): Dixon; Thomas
• Assistant Examiner(s): Fields; Benjamin S
• Application Number:
  US12/205,069
• Publication Number:
  US 20090076938A1
• Time in Patent Office: 970 Days
• Field of Search: None
• US Class Current: 705/40
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/102 Bill distribution or payments
• CPC Class Codes: G06Q 20/385 using an alias or single-use codes
• CPC Class Codes: G06Q 20/40 Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
• CPC Class Codes: G06Q 30/04 Billing or invoicing
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/03 Credit; Loans; Processing thereof

Abstract

A system and method for using derived account identifiers. The derived account identifiers are associated with a single permanent account identifier. Each derived account identifier is associated with a communication channel or portable consumer device.

Claims

1. A method comprising:

creating, using a server computer, a plurality of derived account identifiers,

wherein each derived account identifier is derived from a single permanent account identifier associated with a consumer, and wherein each derived account identifier is associated with a different payment device,

wherein the plurality of derived account identifiers includes a first derived account identifier usable only with a first payment device, and a second derived account identifier usable only with a second payment device that is different from the first payment device, further wherein each derived account identifier is associated with a different portable consumer device in a plurality of payment devices, the plurality of payment devices comprising a phone and a card; and

providing the plurality of derived account identifiers to the consumer, wherein each derived account identifier is used for multiple transactions, and the single permanent account identifier is masked in the transactions.

2. The method of claim 1 wherein each different account identifier is associated with a different payment device in a plurality of payment devices, wherein the plurality of payment devices further comprises a POS terminal and a computer connected to the Internet.

3. The method of claim 1, further comprising providing a replacement derived account identifier if an account identifier in the plurality of derived account identifiers has expired or has been compromised.

4. The method of claim 1, wherein the derived account identifiers and the permanent account identifier are in the form of different account numbers.

5. The method of claim 1 wherein the permanent account identifier comprises a base account number, and each derived account identifier comprises the base account number, a verification value, and an expiration date.

6. The method of claim 5 wherein derived account identifiers in the plurality of account identifiers include different verification values and expiration dates.

18. The method of claim 1, wherein each derived account identifier expires after at least two months from being created.

23. The method of claim 1, wherein each payment device is a physical device, and the first payment device comprises a phone and the second payment device comprises a card.

7. A computer readable medium comprising code executable by a processor, for implementing a method comprising:

creating a plurality of derived account identifiers, wherein each derived account identifier is derived from a single permanent account identifier associated with a consumer, and wherein each derived account identifier is associated with a different payment device, wherein each derived account identifier is associated with a different portable consumer device in a plurality of payment devices, the plurality of payment devices comprising a phone and a card, wherein the plurality of derived account identifiers includes a first derived account identifier usable only with a first payment device, and a second derived account identifier usable only with a second payment device that is different from the first payment device, wherein each derived account identifier is used for multiple transactions and the single permanent account identifier is masked in the transactions; and

providing the plurality of derived account identifiers to the consumer.

19. The computer readable medium of claim 7, wherein the method further comprises assigning each derived account identifier to a different payment device in the plurality of payment devices.

8. A method comprising:

using a first derived account identifier in a first transaction, the first derived account identifier usable only with a first payment device, the first payment device comprising a card;

using a second derived account identifier in a second transaction, the second derived account identifier usable only with a second payment device different than the first payment device, the second payment device comprising a phone;

wherein each of the first and second derived account identifiers is associated with a different portable consumer device in a plurality of payment devices, and wherein each of the plurality of derived account identifiers is derived from a single permanent account identifier, wherein each derived account identifier is used for multiple transactions and the single permanent account identifier is masked in the multiple transactions including the first transaction and the second transaction.

9. The method of claim 8 wherein the first and second account identifiers include different account numbers.

10. The method of claim 8 wherein the first and second transactions are purchase transactions.

11. The method of claim 8, wherein the different payment devices comprise different portable consumer devices that are used by a consumer.

12. A plurality of portable consumer devices comprising:

a first portable consumer device comprising a first derived account identifier usable only with the first portable consumer device, the first portable consumer device comprising a phone; and

a second portable consumer device comprising a second derived account identifier usable only with the second portable consumer device, the second portable consumer device being different from the first portable consumer device and comprising a phone,

wherein the first and second derived account identifiers are derived from a single permanent account identifier, wherein each of the first and second derived account identifiers is used for multiple transactions, and the single permanent account identifier is masked in the transactions.

20. The plurality of portable consumer devices of claim 12, wherein the first portable consumer device comprises a key-fob, and the second portable consumer device comprises a wireless phone.

21. The plurality of portable consumer devices of claim 12 wherein the first portable consumer device comprises a contactless element.

22. The plurality of portable consumer devices of claim 21 wherein the second portable consumer device comprises a magnetic stripe.

13. A method comprising:

receiving, using a server computer, an authorization request message comprising a first derived account identifier from a plurality of derived account identifiers, wherein the first derived account identifier is usable only with a first payment device and each derived account identifier in the plurality of derived account identifiers is associated with a different payment device, and wherein each derived account identifier is associated with a single permanent account identifier, wherein each derived account identifier is used for multiple transactions and the single permanent account identifier is masked in the transactions, wherein the plurality of derived account identifiers includes a second derived account identifier usable only with a second payment device that is different from the first payment device, wherein each derived account identifier is associated with a different portable consumer device in a plurality of payment devices, the plurality of payment devices comprising a phone and a card;

determining, using the server computer, the single permanent account identifier associated with the derived account identifier; and

forwarding, using the server computer, the authorization request message to an issuer using the single permanent account identifier.

14. The method of claim 13 wherein the authorization request message is a first authorization request message, and wherein the method further comprises:

receiving a second authorization request message comprising the second derived account identifier associated with the single permanent account identifier; and

forwarding the second authorization request message to the issuer using the single permanent account identifier that is masked in the transactions.

15. The method of claim 13, further comprising:

receiving an authorization response message from the issuer; and

forwarding the authorization response message to a consumer associated with the permanent account identifier.

16. The method of claim 15, wherein the authorization response message includes the first derived account identifier.

24. The method of claim 13, wherein the single permanent account identifier does not have an expiration date.

17. A computer readable medium comprising code, executable by a processor for implementing a method comprising:

receiving an authorization request message comprising a first derived account identifier from a plurality of derived account identifiers, wherein the first derived account identifier is usable only with a first payment device and each derived account identifier in the plurality of derived account identifiers is associated with a different payment device, and wherein each derived account identifier is associated with a single permanent account identifier, wherein each derived account identifier is used for multiple transactions and the single permanent account identifier is masked in the transactions, wherein the plurality of derived account identifiers includes a second derived account identifier usable only with a second payment device that is different from the first payment device, wherein each derived account identifier is associated with a different portable consumer device in a plurality of payment devices, the plurality of payment devices comprising a phone and a card;

determining the single permanent account identifier associated with the derived account identifier; and

forwarding the authorization request message to an issuer using the single permanent account identifier.