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.

Date of Patent:
Oct. 09, 2018

Filed:

Mar. 12, 2015
Applicant:

The Toronto-dominion Bank, Mississauga, CA;

Inventors:
Assignee:
Attorney:
Primary Examiner:
Assistant Examiner:
Int. Cl.
CPC ...
G06Q 20/40 (2012.01); G06Q 20/38 (2012.01);
U.S. Cl.
CPC ...
G06Q 20/405 (2013.01); G06Q 20/3821 (2013.01); G06Q 20/3829 (2013.01);
Abstract

A method of authorizing a debit transaction involves a server receiving from a debit terminal a message requesting authorization for a debit transaction. The message includes a credential provided by a payment token interfaced with the debit terminal. The credential is uniquely associated with the token. The server is in communication with a payment definition database that associates a plurality of payment credentials each with a respective financial account and a default payment amount. The server determines the financial account and the default amount by querying the database with the received credential. Particulars of the determined financial account and default amount are indeterminable from only the credential. The server authenticates the message and facilitates a debit in the default amount from the financial account. The server performs the receiving, determining, authenticating and facilitating all without confirmation of authentication of a bearer of the token.


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