US 2018/0018660 A1 · PROCESSING A TRANSACTION USING ELECTRONIC TOKENS

Abstract

In some embodiments, a method for binding a user's information to a user's account with a payment service provider includes receiving a request to pay for a transaction using the user's account with the payment service provider. The request to pay specifies a funding instrument. Additionally, the payment service provider is a source of the funding instrument, and the transaction is between the user and a merchant application. The method also includes generating a common identifier (ID) corresponding to the funding instrument, and generating a payment token corresponding to the common ID and the funding instrument. The common ID is a non-transactable token associated with the merchant application and the user, and the payment token is a non-transactable token that corresponds to the common ID. The method further includes binding the user's payment service provider account to the payment token and the common ID.

Claims20

Dependent claims

A system for binding non-transactable tokens to a user's account with a payment service provider, comprising:

a non-transitory memory;
and
one or more hardware processors coupled to the non-transitory memory and configured to read instructions from the non-transitory memory to cause the system to perform operations comprising:
receiving a request to pay for a transaction using the user's account with the payment service provider, the request specifying a funding instrument that is a payment source for the transaction, the payment service provider being a source of the funding instrument, and the transaction being between a user and a merchant application;
generating, by the token service provider, a common identifier (ID) corresponding to the funding instrument, the common ID being a first non-transactable token and associated with the merchant application and the user;
generating a payment token corresponding to the common ID and the funding instrument, the payment token being a second non-transactable token that maps to the common ID;
and
binding the user's account to the payment token and the common ID.

5 more elements

A method of binding non-transactable tokens to a user's account with a payment service provider, comprising:

receiving a request to pay for a transaction using the user's account with the payment service provider, the request specifying a funding instrument that is a payment source for the transaction, the payment service provider being a source of the funding instrument, and the transaction being between a user and a merchant application;
generating, by the token service provider, a common identifier (ID) corresponding to the funding instrument, the common ID being a first non-transactable token and associated with the merchant application and the user;
generating a payment token corresponding to the common ID and the funding instrument, the payment token being a second non-transactable token that maps to the common ID;
and
binding the user's account to the payment token and the common ID.

2 more elements

Dependencies are inferred from the claim text.

Processing a transaction using electronic tokens

Life of this patent

Processing a transaction using electronic tokens

Life of this patent

Abstract

Claims20