Invention Grant
- Patent Title: Client-side security for tokenized transactions
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Application No.: US16677128Application Date: 2019-11-07
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Publication No.: US11042875B2Publication Date: 2021-06-22
- Inventor: Nitin Gaur , Gregory Louis Truty
- Applicant: International Business Machines Corporation
- Applicant Address: US NY Armonk
- Assignee: International Business Machines Corporation
- Current Assignee: International Business Machines Corporation
- Current Assignee Address: US NY Armonk
- Agent Richard A. Wilhelm
- Main IPC: G06Q40/00
- IPC: G06Q40/00 ; G06Q20/40 ; G06Q20/38 ; G06Q20/36 ; G06Q20/32

Abstract:
Embodiments include a method for configuring a token transfer device for electronic transactions. The method can include requesting, by a token transfer device, one or more tokens having specified transaction exchange value; receiving, over a network, the one or more tokens; assigning, by the token transfer device, validation parameters indicating conditions under which the one or more tokens will be accepted in a transaction; determining, by the token transfer device, that one or more of the conditions have been met based on data provided by electronic components of the token transfer device; and initiating the transaction with a point of sale system.
Public/Granted literature
- US20200074467A1 CLIENT-SIDE SECURITY FOR TOKENIZED TRANSACTIONS Public/Granted day:2020-03-05
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