The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Jun. 19, 2018
Filed:
Sep. 25, 2015
Jpmorgan Chase Bank, N.a., New York, NY (US);
Howard Spector, Woolwich, NJ (US);
Hugh Tamassia, Landenberg, PA (US);
Brian Smyth, West Chester, PA (US);
Joseph William Stanish, New York, NY (US);
Reetika Grewal, Larkspur, CA (US);
Vincent R. D'Agostino, Port Washington, NY (US);
Russ Mahy, Palm Harbor, FL (US);
Scott Hollis Ouellette, Kingston, NH (US);
Sherry Ann Allen, Kennett Square, PA (US);
Dan Poswolsky, Plainview, NY (US);
JPMORGAN CHASE BANK, N.A., New York, NY (US);
Abstract
The invention is directed to a wallet vault, in the form of a tangibly embodied processing machine, disposed in communication with a financial payment network and a wallet in a customer device. Token information is generated and stored and corresponds to a payment product of the customer. The token information is output from the customer device by the wallet, to a merchant POS system, and routed to the wallet vault. At the wallet vault, the token information is used to retrieve the customer's payment product information and then output by the wallet vault for approval by the appropriate financial entity. In such manner, a transaction may be authorized but the merchant does not receive the customer's payment product information for such authorization.