View source for 18545852. SYSTEMS AND METHODS FOR CONTACTLESS AND SECURE DATA TRANSFER simplified abstract (Capital One Services, LLC)

=SYSTEMS AND METHODS FOR CONTACTLESS AND SECURE DATA TRANSFER=


==Organization Name==

[[:Category:Capital One Services, LLC|Capital One Services, LLC]]


[[Category:Capital One Services, LLC]]

==Inventor(s)==

[[:Category:Matthew Stern of San Francisco CA (US)|Matthew Stern of San Francisco CA (US)]][[Category:Matthew Stern of San Francisco CA (US)]]

[[:Category:Jason Deperro of San Mateo CA (US)|Jason Deperro of San Mateo CA (US)]][[Category:Jason Deperro of San Mateo CA (US)]]

[[:Category:Dan Makoski of Palo Alto CA (US)|Dan Makoski of Palo Alto CA (US)]][[Category:Dan Makoski of Palo Alto CA (US)]]

==SYSTEMS AND METHODS FOR CONTACTLESS AND SECURE DATA TRANSFER - A simplified explanation of the abstract==


This abstract first appeared for US patent application 18545852 titled 'SYSTEMS AND METHODS FOR CONTACTLESS AND SECURE DATA TRANSFER

==Simplified Explanation==

The abstract describes a method and system for confirming transactions using unique identifiers and electronic devices.

* The method involves receiving a unique identifier from an item, sending a communication to an electronic device to confirm a pending transaction, receiving input from the device, and sending the input to an authentication system for transaction completion.
* The system includes a sensor to receive identifiers, an authentication system, and a transaction processing system. The sensor sends communications to electronic devices for additional identifiers, which are then sent to the authentication system.

== Potential Applications ==
This technology could be applied in various industries such as banking, e-commerce, and healthcare for secure transaction verification.

== Problems Solved ==
This technology helps prevent unauthorized transactions by requiring user confirmation through multiple identifiers and electronic devices.

== Benefits ==
The use of unique identifiers and electronic devices enhances transaction security and reduces the risk of fraud.

== Potential Commercial Applications ==
One potential commercial application of this technology could be in the financial sector for secure online banking transactions.

== Possible Prior Art ==
One possible prior art could be two-factor authentication systems used in online banking for additional security measures.

== Unanswered Questions ==
=== How does this technology handle cases of lost or stolen electronic devices? ===
In the event of a lost or stolen device, additional security measures such as password protection or remote device wiping could be implemented to prevent unauthorized access.

=== What are the potential privacy concerns associated with collecting and storing multiple identifiers for transaction verification? ===
Privacy concerns could arise regarding the storage and use of personal identifiers, requiring strict data protection measures to ensure user privacy and security.


==Original Abstract Submitted==

In one embodiment, a method comprises receiving a unique identifier from an item and sending a communication to an electronic device requesting that a user confirm a pending transaction, receiving input from the electronic device associated, and sending the received input to an authentication system for completing a transaction. In another embodiment, a system comprises a sensor, an authentication system, and a transaction processing system. The sensor is configured to emit energy and receive at least one first identifier, send at least one communication to an electronic device requesting a second identifier, receive at least one second identifier, and send the at least one first identifier and the at least one second identifier to the authentication system.



[[Category:G06Q20/32]]
[[Category:G06Q20/40]]
[[Category:G06Q20/42]]