17839562. PROACTIVE VIRTUAL CARD PROVISIONING simplified abstract (Capital One Services, LLC)

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PROACTIVE VIRTUAL CARD PROVISIONING

Organization Name

Capital One Services, LLC

Inventor(s)

Mykhaylo Bulgakov of Arlington VA (US)

Andrea Montealegre of Arlinigton VA (US)

Abdelkader M'Hamed Benkreira of Washington DC (US)

PROACTIVE VIRTUAL CARD PROVISIONING - A simplified explanation of the abstract

This abstract first appeared for US patent application 17839562 titled 'PROACTIVE VIRTUAL CARD PROVISIONING

Simplified Explanation

The patent application describes a system for proactively creating virtual cards for online purchases. Here are the key points:

  • Virtual cards are automatically generated for users based on their online activities.
  • Trigger conditions, such as recurring transactions or registering on a merchant website, are used to identify when a virtual card should be created.
  • Once a trigger condition is detected, the user is asked for permission to add a virtual card for payment at the specific merchant.
  • If permission is granted, a request is sent to the user's financial institution to create the virtual card, which is linked to the user's account.
  • A browser script is then executed to add the virtual card as the primary payment method on the merchant's website.

Potential applications of this technology:

  • Streamlining online shopping: Users can easily create virtual cards for their favorite merchants without manually entering payment information each time.
  • Enhanced security: Virtual cards can help protect users' financial information by providing a separate payment method for each merchant.
  • Personalized offers: The system can analyze user behavior to offer targeted promotions or discounts based on their online activities.

Problems solved by this technology:

  • Tedious payment process: Users no longer need to manually enter payment information for each online purchase.
  • Security risks: Virtual cards provide an additional layer of security by keeping users' financial information separate for each merchant.

Benefits of this technology:

  • Convenience: Users can quickly and easily make online purchases without the hassle of entering payment information each time.
  • Enhanced security: Virtual cards help protect users' financial information by keeping it separate for each merchant.
  • Personalization: The system can offer personalized promotions or discounts based on users' online activities.


Original Abstract Submitted

Virtual cards are proactively provisioned for online purchases. Merchant transactions or user browser actions can be analyzed for the existence of a trigger condition such as recurrent merchant transactions or registration on a merchant website, among other things. In response to detecting the trigger condition, a request is sent to a customer for permission to add a virtual card for payment of a merchant online. Subsequently, a request is submitted for the virtual card for the customer from a financial institution in response to permission being granted, where the virtual card is linked to an account of the customer at the financial institution. A browser script can next be executed that adds the virtual card as the primary payment method of a website of the merchant.

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