System, method, and computer program product for updating and processing payment device transaction tokens

US11210666B2 · kind B2 · utility

Assignee

• Visa International Service Association · US

Inventors

• Gaurav Srikant Mokhasi · Bengaluru, IN
• Kaushik Kumar Mahato · Jamshedpur, IN
• Rahul Raghavan · Bengaluru, IN

Key dates

• Filing date: Feb 18, 2019
• Grant date: Dec 28, 2021
• Expiry date: Mar 15, 2040

Classification

• Technology area (CPC G): Physics
• CPC primary: G06F16/23
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Described are a system, method, and computer program product for updating and processing payment device transaction tokens. The method includes receiving an update request to update stored transaction information, the update request identifying at least one old payment device and at least one new payment device. The method also includes generating at least one new token associated with the at least one new payment device, and linking the at least one new token to at least one old token. The method further includes receiving a transaction request including the at least one old token, and communicating the at least one new token that is linked to the at least one old token to an issuer for processing of the transaction request.