Method And System For Validation Of A Token Requestor

  • Published: Jun 8, 2017
  • Earliest Priority: Dec 02 2015
  • Family: 9
  • Cited Works: 1
  • Cited by: 0
  • Cites: 2
  • Additional Info: Full text

A method for enhanced validation of an entity associated with a COF token includes: storing at least transaction data, a token requester identifier (TRJD), 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.

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Document History
  • Publication: Jun 8, 2017
  • Application: Nov 15, 2016
    WO US 2016/0061996 W
  • Priority: Dec 2, 2015
    US US 201514957444 A

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