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SG10201708686XA - Method and system for authorization of transactions - Google Patents

Method and system for authorization of transactions

Info

Publication number
SG10201708686XA
SG10201708686XA SG10201708686XA SG10201708686XA SG10201708686XA SG 10201708686X A SG10201708686X A SG 10201708686XA SG 10201708686X A SG10201708686X A SG 10201708686XA SG 10201708686X A SG10201708686X A SG 10201708686XA SG 10201708686X A SG10201708686X A SG 10201708686XA
Authority
SG
Singapore
Prior art keywords
authentication code
transaction
authorization
server
code
Prior art date
Application number
SG10201708686XA
Inventor
Singh Kumawat Jaipal
Arora Ankur
Singh Manjeet
Original Assignee
Mastercard International Inc
Priority date (The priority date is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the date listed.)
Filing date
Publication date
Application filed by Mastercard International Inc filed Critical Mastercard International Inc
Priority to SG10201708686XA priority Critical patent/SG10201708686XA/en
Priority to US16/166,914 priority patent/US11200559B2/en
Publication of SG10201708686XA publication Critical patent/SG10201708686XA/en

Links

Classifications

    • G—PHYSICS
    • G06—COMPUTING OR CALCULATING; COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/30—Payment architectures, schemes or protocols characterised by the use of specific devices or networks
    • G06Q20/32—Payment architectures, schemes or protocols characterised by the use of specific devices or networks using wireless devices
    • G06Q20/327—Short range or proximity payments by means of M-devices
    • G06Q20/3276—Short range or proximity payments by means of M-devices using a pictured code, e.g. barcode or QR-code, being read by the M-device
    • G—PHYSICS
    • G06—COMPUTING OR CALCULATING; COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/30—Payment architectures, schemes or protocols characterised by the use of specific devices or networks
    • G06Q20/32—Payment architectures, schemes or protocols characterised by the use of specific devices or networks using wireless devices
    • G06Q20/322—Aspects of commerce using mobile devices [M-devices]
    • G—PHYSICS
    • G06—COMPUTING OR CALCULATING; COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/38—Payment protocols; Details thereof
    • G06Q20/382—Payment protocols; Details thereof insuring higher security of transaction
    • G—PHYSICS
    • G06—COMPUTING OR CALCULATING; COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/38—Payment protocols; Details thereof
    • G06Q20/382—Payment protocols; Details thereof insuring higher security of transaction
    • G06Q20/3821—Electronic credentials
    • G—PHYSICS
    • G06—COMPUTING OR CALCULATING; COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/38—Payment protocols; Details thereof
    • G06Q20/40—Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
    • G06Q20/401—Transaction verification
    • G06Q20/4014—Identity check for transactions
    • G—PHYSICS
    • G06—COMPUTING OR CALCULATING; COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/38—Payment protocols; Details thereof
    • G06Q20/40—Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
    • G06Q20/409—Device specific authentication in transaction processing
    • G06Q20/4097—Device specific authentication in transaction processing using mutual authentication between devices and transaction partners

Landscapes

  • Business, Economics & Management (AREA)
  • Engineering & Computer Science (AREA)
  • Accounting & Taxation (AREA)
  • Strategic Management (AREA)
  • Physics & Mathematics (AREA)
  • General Business, Economics & Management (AREA)
  • General Physics & Mathematics (AREA)
  • Theoretical Computer Science (AREA)
  • Computer Security & Cryptography (AREA)
  • Finance (AREA)
  • Computer Networks & Wireless Communication (AREA)
  • Financial Or Insurance-Related Operations Such As Payment And Settlement (AREA)

Abstract

METHODAND SYSTEM FOR AUTHORIZATION OF TRANSACTIONS A method for transaction authorization includes generation of a master authentication code based on an authorization request for a transaction by a server. The transaction is initiated by a user by way of a transaction application installed on a user-computing device. The server splits the master authentication code into a first authentication code and a second authentication code. The first authentication code is communicated to the transaction application and the second authentication code is communicated to the user by the server. The transaction application generates a response code based on the first authentication code and the second authentication code. The server receives the response code from the transaction application and processes the transaction based on a match between the response code and the master authentication code. FIG.
SG10201708686XA 2017-10-23 2017-10-23 Method and system for authorization of transactions SG10201708686XA (en)

Priority Applications (2)

Application Number Priority Date Filing Date Title
SG10201708686XA SG10201708686XA (en) 2017-10-23 2017-10-23 Method and system for authorization of transactions
US16/166,914 US11200559B2 (en) 2017-10-23 2018-10-22 Method and system for authorization of transactions

Applications Claiming Priority (1)

Application Number Priority Date Filing Date Title
SG10201708686XA SG10201708686XA (en) 2017-10-23 2017-10-23 Method and system for authorization of transactions

Publications (1)

Publication Number Publication Date
SG10201708686XA true SG10201708686XA (en) 2019-05-30

Family

ID=66169411

Family Applications (1)

Application Number Title Priority Date Filing Date
SG10201708686XA SG10201708686XA (en) 2017-10-23 2017-10-23 Method and system for authorization of transactions

Country Status (2)

Country Link
US (1) US11200559B2 (en)
SG (1) SG10201708686XA (en)

Families Citing this family (4)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US12423674B2 (en) * 2019-08-08 2025-09-23 Mastercard International Incorporated Purchase Secure QR code transactions
US11636512B1 (en) * 2022-07-15 2023-04-25 Fevo, Inc. Inventory management system protection for network traffic surge resistant platform
US11763257B1 (en) * 2022-07-15 2023-09-19 Fevo, Inc. Group inventory management for a network traffic surge resistant platform
US12243092B2 (en) * 2022-07-15 2025-03-04 Fevo, Inc. Inventory management system protection for network traffic surge resistant platform

Family Cites Families (6)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US20030070073A1 (en) * 2001-10-09 2003-04-10 Alps Electric Co., Ltd. Card authenticating apparatus
US8191131B2 (en) * 2006-08-23 2012-05-29 International Business Machines Corporation Obscuring authentication data of remote user
CA2868583C (en) * 2010-03-19 2015-11-17 Martin Palzer Concept for communicating between different entities using different data portions for different channels
EP2693687B1 (en) * 2012-08-02 2016-10-05 Banco Bilbao Vizcaya Argentaria, S.A. Method for generating a code, authorization method and authorization system for authorizing an operation
EP3158680B1 (en) * 2014-06-18 2021-02-24 Visa International Service Association Efficient methods for authenticated communication
US9300658B1 (en) * 2015-02-12 2016-03-29 International Business Machines Corporation Secure authentication mechanism using quick response codes

Also Published As

Publication number Publication date
US20190122203A1 (en) 2019-04-25
US11200559B2 (en) 2021-12-14

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