Method and system for universal control account activities

US11810017B2 · kind B2 · utility

Assignee

• MASTERCARD INTERNATIONAL INCORPORATED · US

Inventors

• James J. Anderson · Mount Vernon, US
• Sandeep Malhotra · Greenwich, US
• Amyn Mohamed DHALA · Jersey City, US
• Alan Johnson · Maldon, GB

Key dates

• Filing date: Oct 18, 2016
• Grant date: Nov 7, 2023
• Expiry date: Mar 25, 2039

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/02
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A method for application of account and transaction controls on a payment token includes: storing, in a first device of a system, a control profile including a token number and transaction controls; storing, in a second device of the system, a token profile including the token number and a corresponding account number; receiving, at the first device, a transaction message including a data element having the token number and additional transaction data; determining, by the first device, compliance with the transaction controls based on the additional transaction data; transmitting the transaction message from the first to the second device; replacing, by the second device, the token number with the account number in the transaction message; and transmitting, by the second device, the transaction message to a financial institution associated with the account number.