Secure transaction management
First Claim
Patent Images
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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Abstract
Methods, systems, and devices for secure transaction management are provided. Embodiments include a method for providing secure transactions that include receiving an identifier of a financial account at a payment processor system. A token may be generated that is linked with the identifier of the financial account at the payment processor system. The identifier of the financial account and the token may be stored securely at the payment processor system. The token may be transmitted 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.
92 Citations
21 Claims
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1. A method for providing secure transactions, the method comprising:
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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. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14)
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15. A point-of-sale terminal for performing secure transactions, the terminal comprising:
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an input component for receiving an identifier of a financial account; a processor communicatively coupled with the input component; an output component communicatively coupled with the processor; a memory communicatively coupled with and readable by the processor, the memory having stored therein a series of instructions which, when executed by the processor, cause the processor to; detect reception of the identifier of the financial account; transmit the identifier of the financial account to the output component for transmission to a payment processor system; detect reception of a token from the payment processor system; and replace the identifier of the financial account with the token. - View Dependent Claims (16, 17, 18, 19)
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20. A system for performing secure transactions, the system comprising:
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a storage medium; a processor coupled with the storage medium, the processor configured to secure a financial transaction by a configuration to; receive an identifier of a financial account at a payment processor system in connection with a purchase transaction; transmit the identifier of the fmancial account to a financial instrument account issuer system to obtain authorization to use funds associated with the financial account to conduct the purchase transaction; receive an authorization from the fmancial instrument account issuer system to use funds associated with the financial account to conduct the purchase transaction; generate a token linked with the identifier of the financial account at the payment processor system; store the identifier of the financial account and the token securely at the payment processor system; and transmit 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; receive 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 perform at the payment processor system the request using the token.
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21. A method for providing secure transactions, the method comprising:
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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; transmitting the token to at least a merchant system or the financial instrument account issuer system where the token replaces the identifier of the financial account; using the token at the merchant system, the financial instrument account issuer system or the payment processor system to perform at least one operation selected from a group consisting of;
settlement, reconciliation, adjustment, refund, chargeback, analytics, and anti-fraud.
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Specification