Payment Channel Returning Limited Use Proxy Dynamic Value

• US 20110153498A1
• Filed: 12/07/2010
• Published: 06/23/2011
• Est. Priority Date: 12/18/2009
• Status: Active Grant

• Current Assignee: Visa International Service Association (Visa, Inc.)
• Original Assignee: Visa International Service Association (Visa, Inc.)
• Inventors: Gardner, Chris, Purves, Tom, Makhotin, Oleg
• Granted Patent: US 10,255,591 B2
• Time in Patent Office: Days
• US Class Current: 705/44
• CPC Class Codes: G06Q 20/02 involving a neutral party, e.g. certification authority, notary or trusted third party [TTP]
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/12 specially adapted for electronic shopping systems
• CPC Class Codes: G06Q 20/20 Point-of-sale [POS] network systems
• CPC Class Codes: G06Q 20/325 using wireless networks
• CPC Class Codes: G06Q 20/3278 RFID or NFC payments by means of M-devices
• 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

Abstract

A central platform provides proxy dynamic values for any one of a number of a cardholder'"'"'s portable payment devices, upon a request for such information made during a transaction. The proxy dynamic value can be provided to the merchant, who then can route it into the acceptance network in order to initiate the authentication process. The central platform provides the actual primary account number associated with the proxy dynamic value during the authentication process.

Claims

1. A method in a central computer for conducting a transaction between a cardholder and a merchant comprising the central computer performing steps of:

receiving a request for a proxy dynamic value;

in response to receiving a request, associating a proxy dynamic value which corresponds to a primary account number (PAN) of a payment device from among two or more portable payment devices of the cardholder; and

providing the proxy dynamic value to the merchant,

wherein the transaction is completed using the proxy dynamic value received by the merchant.

2. The method of claim 1 further comprising the central computer receiving the proxy dynamic value from an acquiring bank of the merchant, and in response thereto sending the corresponding PAN to the acquiring bank, wherein conclusion of the transaction includes the acquiring bank sending the corresponding PAN to an issuing bank of the cardholder.

3. The method of claim 1 wherein the step of receiving includes receiving information indicative of the portable device, selected by the cardholder from among a plurality of portable payment devices belonging to the cardholder.

4. The method of claim 1 wherein the request is received from the cardholder.

5. The method of claim 1 wherein the request is received from the merchant.

6. The method of claim 1 wherein the proxy dynamic value is generated by the central computer.

7. The method of claim 1 wherein the step of providing the proxy dynamic value to the merchant includes the central computer communicating the proxy dynamic value to a communication device of the cardholder, wherein the cardholder then communicates the proxy dynamic value to the merchant.

8. The method of claim 1 wherein the proxy dynamic value is formatted as a primary account number.

9. The method of claim 1 wherein the portable payment devices include one or more of credit cards, debit cards, or pre-paid cards.

10. A computer system configured to perform steps recited in claim 1.

11. A method in a computer system to facilitate a transaction between a cardholder and a merchant comprising the computer performing steps of:

receiving a request for a proxy dynamic value from a requestor;

in response to receiving a request, communicating with the cardholder to select a payment device from among two or more payment devices of the cardholder;

obtaining a proxy dynamic value for a selected payment device of the cardholder, wherein the proxy dynamic value is associated with an actual primary account number of the selected payment device but is not the actual primary account number; and

providing the proxy dynamic value to a recipient, wherein the proxy dynamic value is used to conclude the transaction.

12. The method of claim 11 further comprising the computer system performing steps of:

receiving the proxy dynamic value from a sender other than the recipient; and

sending information indicative of the actual primary account number associated with the proxy dynamic value to the sender.

13. The method of claim 11 wherein the proxy dynamic value is formatted as a primary account number.

14. The method of claim 11 wherein the communicating with the cardholder includes conducting authentication processing with the cardholder.

15. The method of claim 11 wherein the recipient is the merchant.

16. The method of claim 11 wherein the requestor is the cardholder and the recipient is the merchant.

17. The method of claim 11 wherein the requestor is the merchant.

18. The method of claim 17 wherein the recipient is the merchant.

19. The method of claim 11 wherein the portable payment devices include one or more of credit cards, debit cards, or pre-paid cards.

20. A computer system configured to perform steps of claim 11.