METHOD AND SYSTEM FOR VALIDATION OF A TOKEN REQUESTOR
A method for enhanced validation of an entity associated with a COF token includes: storing at least transaction data, a token requester identifier (TRID), and a COF token identifier; receiving payment credentials, wherein the payment credentials include at least a COF-specific payment token; genera...
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| creator | LISCIA, Maurice, David MUSIL, Aimee KOLETSKY, Barry SNYDER, Keith, E LAKKA, Sowmya |
| description | A method for enhanced validation of an entity associated with a COF token includes: storing at least transaction data, a token requester identifier (TRID), and a COF token identifier; receiving payment credentials, wherein the payment credentials include at least a COF-specific payment token; generating a transaction message, wherein the transaction message is formatted based on one or more standards and includes at least a plurality of data elements including at least a first data element configured to store the COF-specific payment token, a second data element configured to store the COF token identifier, a third data element configured to store the TRID, and one or more additional data elements configured to store the transaction data; and electronically transmitting the generated transaction message to a financial institution via a payment network. |
| format | Patent |
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| subjects | CALCULATING COMPUTING COUNTING DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES PHYSICS SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR |
| title | METHOD AND SYSTEM FOR VALIDATION OF A TOKEN REQUESTOR |
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