Conducting transactions with dynamic passwords
US11328297B1 · kind B1 · utility
Assignee
Inventors
Key dates
| Filing date | Aug 23, 2019 |
| Grant date | May 10, 2022 |
| Priority date | — |
| Expiry date | Oct 16, 2039 |
Classification
- Technology area (CPC H)Electricity
- CPC primaryH04L63/0846
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
Techniques for conducting transactions with one-time passwords are described herein. These techniques may include receiving a request to conduct a transaction, as well as a one-time password and an identifier linked with a payment instrument. The identifier may or may not identify the linked payment instrument. In both instances, a transaction processing service may compare the received one-time password with a one-time password stored at or accessible by the transaction processing service. If the passwords match, the service may approve the transaction. Otherwise, the service may decline the transaction or implement one or more additional authorization procedures.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.