Payment channel returning limited use proxy dynamic value
OwnerThomas Purves, Chris Gardner +1inventors
InventorsThomas Purves, Chris Gardner, Oleg Makhotin
Life of this patent
Estimating the term…
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.
Claims21
-20. (canceled)
A method for facilitating a payment transaction between a user and a merchant comprising:
- in response to initiation of the payment transaction by the user, providing, a request to obtain a proxy dynamic value from a merchant computer associated with the merchant to a computer system, the computer system being distinct from an issuing bank and distinct from an acquiring bank, wherein the computer system presents to a user using a user communication device, a list of portable payment devices the user has enrolled with the computer system and receives a selection of a portable payment device from the list of portable payment devices from the user communication device, and the computer system generates and associates a proxy dynamic value which is distinct from and corresponds to a primary account number (PAN) of the portable payment device;
- and
- receiving, by the merchant computer, from the computer system, the proxy dynamic value;
- and
- providing, by the merchant computer, the proxy dynamic value to the computer system after the merchant computer receives the proxy dynamic value, wherein the computer system obtains the primary account number, which is used to complete the payment transaction.
A merchant computer associated with a merchant, the merchant computer comprising;
- a processor;
- and
- a computer readable medium coupled to the processor, the computer readable medium comprising code, executable by the processor to implement a method comprising
- in response to initiation of the payment transaction by the user, providing, a request to obtain a proxy dynamic value from the merchant computer to a computer system, the computer system being distinct from an issuing bank and distinct from an acquiring bank, wherein the computer system presents to a user using a user communication device, a list of portable payment devices the user has enrolled with the computer system and receives a selection of a portable payment device from the list of portable payment devices from the user communication device, and the computer system generates and associates a proxy dynamic value which is distinct from and corresponds to a primary account number (PAN) of the portable payment device;
- and
- receiving, by the merchant computer, from the computer system, the proxy dynamic value;
- and
- providing, by the merchant computer, the proxy dynamic value to the computer system after the merchant computer receives the proxy dynamic value, wherein the computer system obtains the primary account number, which is used to complete the payment transaction.
Dependencies are inferred from the claim text.