Systems and methods for secure transaction reversal

US12136091B2 · kind B2 · utility

Assignee

• Synchrony Bank · US

Inventors

• Viveka Vardhan Ravi · Stamford, US
• Tushar Divecha · Stamford, US
• Deborah Bernert · Stamford, US
• Jonathan M. Schmidt · Beavercreek, US
• Ashok Uppalapati · Stamford, US
• Ajay Yadav · Stamford, US
• Craig Urbansky · Stamford, US

Key dates

• Filing date: Sep 19, 2023
• Grant date: Nov 5, 2024
• Expiry date: Sep 19, 2043

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q20/40975
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Examples describe data security for communication systems. One example includes validating a merchant system using merchant data and generating a set of merchant credentials. The set of merchant credentials is then used in authentication to facilitate a secure transaction, which involves automatically generating transaction data with a tokenized client account number associated with the secure transaction. A refund request associated with the secure transaction is received with the set of merchant credentials that are used for automatically authenticating the merchant system. The example then involves accessing a database that includes the transaction data for automatically facilitating settlement of a refund payment using the authenticated merchant system and the transaction data.