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Secure transaction management

  • US 8,788,429 B2
  • Filed: 12/30/2009
  • Issued: 07/22/2014
  • Est. Priority Date: 12/30/2009
  • Status: Active Grant
First Claim
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1. A method for providing secure transactions, the method comprising:

  • receiving an identifier of a financial account at a payment processor system in connection with a purchase transaction;

    transmitting the identifier of the financial account to a financial instrument account issuer system to obtain authorization to use funds associated with the financial account to conduct the purchase transaction;

    receiving an authorization from the financial instrument account issuer system to use funds associated with the financial account to conduct the purchase transaction;

    generating a token linked with the identifier of the financial account at the payment processor system;

    storing the identifier of the financial account and the token securely at the payment processor system; and

    transmitting the token without the identifier of the financial account to at least a recipient system or a recipient device where the token replaces the identifier of the financial account;

    receiving the token without the identifier at the payment processor system along with a request for at least a transaction adjustment, a transaction refund, or a transaction settlement; and

    performing at the payment processor system the request using the token.

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