System and method of neutralizing mobile payment

System and method of neutralizing mobile payment

A method for preventing mobile payment is described. The method comprises receiving an authorization request at an issuer system from a payment module on a mobile device. The authorization request may be based on sensitive data on the mobile device. The issuer system determines whether the mobile de...

Ausführliche Beschreibung

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Bibliographische Detailangaben
Hauptverfasser: Chitragar, Mahesh Malatesh, Salian, Vishwanatha, Prasad, Stephen, Kumar, Sharath Lakshman
Format: Patent
Sprache:eng
Schlagworte:
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
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Beschreibung
Zusammenfassung:A method for preventing mobile payment is described. The method comprises receiving an authorization request at an issuer system from a payment module on a mobile device. The authorization request may be based on sensitive data on the mobile device. The issuer system determines whether the mobile device is missing. The issuer system sends a neutralization trigger to the mobile device, and in response to receiving the neutralization trigger, the payment module is disabled.