Network token system

US11710119B2 · kind B2 · utility

Assignees

• Visa International Service Association · US
• MASTERCARD INTERNATIONAL INCORPORATED · US

Inventors

• Glenn Powell · Fremont, US
• John F. Sheets · San Francisco, US
• Bruce Rutherford · Seattle, US
• Gregory Williamson · Stamford, US
• James Anderson · Lubbock, US

Key dates

• Filing date: Dec 4, 2020
• Grant date: Jul 25, 2023
• Expiry date: May 5, 2041

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q20/4016
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Embodiments of the invention are directed to methods, apparatuses, computer readable media and systems for providing, along with a token, a token assurance level and data used to generate the token assurance level. At the time a token is issued, one or more Identification and Verification (ID&V) methods may be performed to ensure that the token is replacing a PAN that was legitimately used by a token requestor. A token assurance level may be assigned to a given token in light of the type of ID&V that is performed and the entity performing the ID&V. Different ID&Vs may result in different token assurance levels. An issuer may wish to know the level of assurance and the data used in generating the level of assurance associated with a token prior to authorizing a payment transaction that uses the token.