System, method, and computer program product for updating and processing payment device transaction tokens
US11869000B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | Nov 24, 2021 |
| Grant date | Jan 9, 2024 |
| Priority date | — |
| Expiry date | Jul 7, 2042 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06F16/23
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
Described are a system, method, and computer program product for updating and processing payment device transaction tokens. The method includes receiving a first notification based on issuance of a first new payment device, generating a first new token associated with the first new payment device, and linking the first new token to a previous token. The method also includes receiving a second notification based on issuance of a second new payment device, generating a second new token associated with the second new payment device, and linking the second new token to the first new token in a chain. The method further includes determining to deactivate the first new payment device and modifying the chain to remove the first new token. The method further includes receiving a transaction request and processing the transaction request by communicating second new token to an issuer.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.