Secure authorization of contactless transaction

US9947002B2 · kind B2 · utility

Assignee

• FIRST DATA CORPORATION · US

Inventors

• Christopher L. Toomer · Parker, US
• Steven E. Arthur · Parker, US

Key dates

• Filing date: Feb 15, 2008
• Grant date: Apr 17, 2018
• Expiry date: Jan 14, 2033

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q20/40
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Methods, systems, and machine-readable media are disclosed for securely authorizing a financial transaction utilizing an electronic payment credential. According to one embodiment, a method of authorizing a financial transaction utilizing an electronic payment credential can comprise maintaining information identifying an account associated with the electronic payment credential. The information can also identify one or more electronic devices authorized to use the electronic payment credential. A request to authorize the transaction can be received. The request can include information identifying an electronic device presenting the payment credential. The transaction can be authorized based at least in part on the information identifying the account. Authorizing can comprise determining the electronic device presenting the payment credential is one of the electronic devices authorized to use the electronic payment credential.