SG11201909521QA - System and method for restricted transaction processing - Google Patents

System and method for restricted transaction processing

Info

Publication number
SG11201909521QA
SG11201909521QA SG11201909521QA SG11201909521QA SG 11201909521Q A SG11201909521Q A SG 11201909521QA SG 11201909521Q A SG11201909521Q A SG 11201909521QA SG 11201909521Q A SG11201909521Q A SG 11201909521QA
Authority
SG
Singapore
Prior art keywords
international
account
closed loop
transaction processor
transit
Prior art date
Application number
Inventor
Meredith Altenhofen
Chris Truelson
Quan Wang
Original Assignee
Visa Int Service Ass
Priority date (The priority date is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the date listed.)
Filing date
Publication date
Application filed by Visa Int Service Ass filed Critical Visa Int Service Ass
Publication of SG11201909521QA publication Critical patent/SG11201909521QA/en

Links

Classifications

    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/38—Payment protocols; Details thereof
    • G06Q20/382—Payment protocols; Details thereof insuring higher security of transaction
    • G06Q20/3821—Electronic credentials
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/04—Payment circuits
    • G06Q20/06—Private payment circuits, e.g. involving electronic currency used among participants of a common payment scheme
    • G06Q20/065—Private payment circuits, e.g. involving electronic currency used among participants of a common payment scheme using e-cash
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/38—Payment protocols; Details thereof
    • G06Q20/40—Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
    • H—ELECTRICITY
    • H04—ELECTRIC COMMUNICATION TECHNIQUE
    • H04L—TRANSMISSION OF DIGITAL INFORMATION, e.g. TELEGRAPHIC COMMUNICATION
    • H04L9/00—Cryptographic mechanisms or cryptographic arrangements for secret or secure communications; Network security protocols
    • H04L9/32—Cryptographic mechanisms or cryptographic arrangements for secret or secure communications; Network security protocols including means for verifying the identity or authority of a user of the system or for message authentication, e.g. authorization, entity authentication, data integrity or data verification, non-repudiation, key authentication or verification of credentials
    • H04L9/3236—Cryptographic mechanisms or cryptographic arrangements for secret or secure communications; Network security protocols including means for verifying the identity or authority of a user of the system or for message authentication, e.g. authorization, entity authentication, data integrity or data verification, non-repudiation, key authentication or verification of credentials using cryptographic hash functions
    • H04L9/3239—Cryptographic mechanisms or cryptographic arrangements for secret or secure communications; Network security protocols including means for verifying the identity or authority of a user of the system or for message authentication, e.g. authorization, entity authentication, data integrity or data verification, non-repudiation, key authentication or verification of credentials using cryptographic hash functions involving non-keyed hash functions, e.g. modification detection codes [MDCs], MD5, SHA or RIPEMD
    • H—ELECTRICITY
    • H04—ELECTRIC COMMUNICATION TECHNIQUE
    • H04L—TRANSMISSION OF DIGITAL INFORMATION, e.g. TELEGRAPHIC COMMUNICATION
    • H04L9/00—Cryptographic mechanisms or cryptographic arrangements for secret or secure communications; Network security protocols
    • H04L9/32—Cryptographic mechanisms or cryptographic arrangements for secret or secure communications; Network security protocols including means for verifying the identity or authority of a user of the system or for message authentication, e.g. authorization, entity authentication, data integrity or data verification, non-repudiation, key authentication or verification of credentials
    • H04L9/3297—Cryptographic mechanisms or cryptographic arrangements for secret or secure communications; Network security protocols including means for verifying the identity or authority of a user of the system or for message authentication, e.g. authorization, entity authentication, data integrity or data verification, non-repudiation, key authentication or verification of credentials involving time stamps, e.g. generation of time stamps
    • H—ELECTRICITY
    • H04—ELECTRIC COMMUNICATION TECHNIQUE
    • H04L—TRANSMISSION OF DIGITAL INFORMATION, e.g. TELEGRAPHIC COMMUNICATION
    • H04L9/00—Cryptographic mechanisms or cryptographic arrangements for secret or secure communications; Network security protocols
    • H04L9/50—Cryptographic mechanisms or cryptographic arrangements for secret or secure communications; Network security protocols using hash chains, e.g. blockchains or hash trees
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q2220/00—Business processing using cryptography
    • H—ELECTRICITY
    • H04—ELECTRIC COMMUNICATION TECHNIQUE
    • H04L—TRANSMISSION OF DIGITAL INFORMATION, e.g. TELEGRAPHIC COMMUNICATION
    • H04L2209/00—Additional information or applications relating to cryptographic mechanisms or cryptographic arrangements for secret or secure communication H04L9/00
    • H04L2209/56—Financial cryptography, e.g. electronic payment or e-cash

Landscapes

  • Engineering & Computer Science (AREA)
  • Business, Economics & Management (AREA)
  • Computer Security & Cryptography (AREA)
  • Accounting & Taxation (AREA)
  • General Business, Economics & Management (AREA)
  • Finance (AREA)
  • Strategic Management (AREA)
  • Physics & Mathematics (AREA)
  • General Physics & Mathematics (AREA)
  • Theoretical Computer Science (AREA)
  • Signal Processing (AREA)
  • Computer Networks & Wireless Communication (AREA)
  • Financial Or Insurance-Related Operations Such As Payment And Settlement (AREA)
  • Management, Administration, Business Operations System, And Electronic Commerce (AREA)

Abstract

TransitCard Transit Account 117 Transit Access Device 113 Portable Device User 105 120 Resource Provider Access Device 123 Primary Account 127 Transit Agency Computer 115 Authorizing Entity Computer 125 Insurer Computer 135 Healthcare Spending Card 130 Healthcare Access Device 133 Healthcare Spending Account 137 (12) INTERNATIONAL APPLICATION PUBLISHED UNDER THE PATENT COOPERATION TREATY (PCT) (19) World Intellectual Property Organization International Bureau (43) International Publication Date 08 November 2018 (08.11.2018) WIPO I PCT ~ill IIIIIIIIII1101OlDIIIIIIIHo o oloIIIIIMDIIHIIIIIIIIIIIIIIII DIIIIII (10) International Publication Number WO 2018/204456 Al (51) International Patent Classification: G06Q 20/10 (2012.01) G06Q 20/40 (2012.01) G06Q 20/38 (2012.01) (21) International Application Number: PCT/US2018/030588 (22) International Filing Date: 02 May 2018 (02.05.2018) (25) Filing Language: English (26) Publication Language: English (30) Priority Data: 15/585,674 03 May 2017 (03.05.2017) US (71) Applicant: VISA INTERNATIONAL SERVICE ASSOCIATION [US/US]; 900 Metro Center Boulevard, Foster City, CA 94404 (US). (72) Inventors: ALTENHOFEN, Meredith; 1800 Pacific Av- enue, Apt. 406, San Francisco, CA 94109 (US). TRU- ELSON, Chris; 300 Maplehurst Point, Highlands Ranch, CO 80126 (US). WANG, Quan; 1110 Decatur Street, Fos- ter City, CA 94404 (US). (74) Agent: BAKER, Amanda et al.; Kilpatrick Townsend & Stockton LLP, Mailstop: IP Docketing - 22 1100 Peachtree Street, Atlanta, GA 30309 (US). (81) Designated States (unless otherwise indicated, for every kind of national protection available): AE, AG, AL, AM, AO, AT, AU, AZ, BA, BB, BG, BH, BN, BR, BW, BY, BZ, CA, CH, CL, CN, CO, CR, CU, CZ, DE, DJ, DK, DM, DO, DZ, EC, EE, EG, ES, FI, GB, GD, GE, GH, GM, GT, HN, HR, HU, ID, IL, IN, IR, IS, JO, JP, KE, KG, KH, KN, KP, KR, KW, KZ, LA, LC, LK, LR, LS, LU, LY, MA, MD, ME, MG, MK, MN, MW, MX, MY, MZ, NA, NG, NI, NO, NZ, OM, PA, PE, PG, PH, PL, PT, QA, RO, RS, RU, RW, SA, (54) Title: SYSTEM AND METHOD FOR RESTRICTED TRANSACTION PROCESSING FIG. (57) : According to some embodiments of the invention, both open loop and closed loop processing may be implemented by a transaction processor. For general, unrestricted transactions, the transaction processor may direct authorization to an open loop primary authorizing entity associated with a primary account number (PAN). For restricted transactions, the transaction processor may determine the appropriate closed loop authorizing entity (e.g., a transit agency, an insurer, a retailer, etc.). The transaction processor may further create an entry in a multi-access blockchain evidencing the transaction on the closed loop or restricted account with that authorizing entity. Thus, the multi-access blockchain may be kept up-to-date, allowing the closed loop authorizing entities to verify transactions and account balances instantaneously. [Continued on next page] WO 2018/204456 Al MIDEDIMOMMIDIIMERIHNONHOHNOROMEEM# SC, SD, SE, SG, SK, SL, SM, ST, SV, SY, TH, TJ, TM, TN, TR, TT, TZ, UA, UG, US, UZ, VC, VN, ZA, ZM, ZW. (84) Designated States (unless otherwise indicated, for every kind of regional protection available): ARIPO (BW, GH, GM, KE, LR, LS, MW, MZ, NA, RW, SD, SL, ST, SZ, TZ, UG, ZM, ZW), Eurasian (AM, AZ, BY, KG, KZ, RU, TJ, TM), European (AL, AT, BE, BG, CH, CY, CZ, DE, DK, EE, ES, FI, FR, GB, GR, HR, HU, IE, IS, IT, LT, LU, LV, MC, MK, MT, NL, NO, PL, PT, RO, RS, SE, SI, SK, SM, TR), OAPI (BF, BJ, CF, CG, CI, CM, GA, GN, GQ, GW, KM, ML, MR, NE, SN, TD, TG). Declarations under Rule 4.17: as to the applicant's entitlement to claim the priority of the earlier application (Rule 4.17(iii)) Published: with international search report (Art. 21(3)) before the expiration of the time limit for amending the claims and to be republished in the event of receipt of amendments (Rule 48.2(h))
SG11201909521Q 2017-05-03 2018-05-02 System and method for restricted transaction processing SG11201909521QA (en)

Applications Claiming Priority (2)

Application Number Priority Date Filing Date Title
US15/585,674 US20180322489A1 (en) 2017-05-03 2017-05-03 System and method for restricted transaction processing
PCT/US2018/030588 WO2018204456A1 (en) 2017-05-03 2018-05-02 System and method for restricted transaction processing

Publications (1)

Publication Number Publication Date
SG11201909521QA true SG11201909521QA (en) 2019-11-28

Family

ID=64014810

Family Applications (1)

Application Number Title Priority Date Filing Date
SG11201909521Q SG11201909521QA (en) 2017-05-03 2018-05-02 System and method for restricted transaction processing

Country Status (5)

Country Link
US (1) US20180322489A1 (en)
EP (1) EP3619664A1 (en)
CN (1) CN110582790A (en)
SG (1) SG11201909521QA (en)
WO (1) WO2018204456A1 (en)

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US11539787B2 (en) 2020-04-30 2022-12-27 T-Mobile Usa, Inc. 5G enabled massively distributed on-demand personal cloud system and method
US11418587B2 (en) 2020-04-30 2022-08-16 T-Mobile Usa, Inc. 5G on-demand dynamically instantiated blockchain for highly distributed peer-to-peer consumer cloud
US20210374843A1 (en) * 2020-05-26 2021-12-02 Mitsubishi Electric Research Laboratories, Inc. Debt Resource Management in a Distributed Ledger System
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US11997218B2 (en) * 2021-03-02 2024-05-28 International Business Machines Corporation Decentralized, dynamic media key block for broadcast encryption
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Also Published As

Publication number Publication date
WO2018204456A1 (en) 2018-11-08
EP3619664A1 (en) 2020-03-11
CN110582790A (en) 2019-12-17
US20180322489A1 (en) 2018-11-08

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