Abstract
In conventional technology, consumers may provide actual credit card numbers, debit card numbers, or bank account numbers to a merchant point of sale terminal or to merchant websites when making in person or online purchases, respectively. In conventional technology, data breaches are a common security concern, and a risk exists that hackers may steal financial account information of the consumers. Current applications for in store and online purchasing may allow a consumer to safely conduct a transaction without having to provide actual financial account data to a merchant point of sale terminal or merchant website. However, applications for in store and online purchasing do not allow the consumer to use a plastic payment card comprising tokenized financial account information corresponding to a financial account of the consumer.
Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 License.
Recommended Citation
Ranjan, Ritcha, "TOKENIZATION OF A PHYSICAL DEBIT OR CREDIT CARD FOR PAYMENT", Technical Disclosure Commons, (January 31, 2016)
https://www.tdcommons.org/dpubs_series/134