20240020699. BROWSER PROVISIONED VIRTUAL PAYMENT CARD FOR AN AUTHORIZED USER simplified abstract (Capital One Services, LLC)

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BROWSER PROVISIONED VIRTUAL PAYMENT CARD FOR AN AUTHORIZED USER

Organization Name

Capital One Services, LLC

Inventor(s)

Lukiih Cuan of Washington DC (US)

Michael Wolf of Ellicott City MD (US)

Abhay Donthi of Arlington VA (US)

Phoebe Atkins of Midlothian VA (US)

BROWSER PROVISIONED VIRTUAL PAYMENT CARD FOR AN AUTHORIZED USER - A simplified explanation of the abstract

This abstract first appeared for US patent application 20240020699 titled 'BROWSER PROVISIONED VIRTUAL PAYMENT CARD FOR AN AUTHORIZED USER

Simplified Explanation

The disclosed embodiments of this patent application relate to the provisioning of a virtual payment card for an authorized user in a web browser. The process involves a primary cardholder requesting to add an individual as an authorized user on their account. Additional information about the individual is collected and used to calculate a risk score associated with adding them as an authorized user. The request is then processed based on comparing the risk score to a predetermined threshold. If approved, a virtual payment card linked to the primary cardholder's account is generated. The virtual card is added as a payment method to the browser profile of the individual on a network-accessible computing resource. The authorized user can then use the virtual card to make online shopping payments through a personalized web browser.

  • The patent application describes a method for adding authorized users to a primary cardholder's account and provisioning a virtual payment card for them.
  • The risk score associated with adding an authorized user is calculated based on additional information about the individual.
  • The request to add an authorized user is processed by comparing the risk score to a predetermined threshold.
  • If approved, a virtual payment card linked to the primary cardholder's account is generated.
  • The virtual card is added as a payment method to the browser profile of the authorized user on a network-accessible computing resource.
  • The authorized user can use the virtual card to make online shopping payments through a personalized web browser.

Potential Applications:

  • This technology can be applied in the banking and financial industry to streamline the process of adding authorized users to accounts and providing them with virtual payment cards.
  • E-commerce platforms can utilize this technology to offer virtual payment cards to authorized users, enhancing their shopping experience and security.
  • Online payment service providers can integrate this technology to enable users to easily add authorized users and manage virtual payment cards within their platforms.

Problems Solved:

  • Simplifies the process of adding authorized users to accounts and issuing virtual payment cards, reducing administrative burden and paperwork.
  • Enhances security by calculating a risk score based on additional information about the authorized user before approving their access to a virtual payment card.
  • Provides a convenient and personalized payment method for authorized users, allowing them to make online shopping payments with ease.

Benefits:

  • Streamlines the process of adding authorized users and issuing virtual payment cards, improving efficiency and customer experience.
  • Enhances security by evaluating the risk associated with adding authorized users and setting a predetermined threshold for approval.
  • Offers a convenient and secure payment method for authorized users, reducing the need for physical cards and providing personalized online shopping experiences.


Original Abstract Submitted

disclosed embodiments pertain to provisioning a virtual payment card for an authorized user in a browser. a primary cardholder can request the addition of an individual as an authorized user on the primary cardholder's account. further information regarding the individual can be solicited and utilized to compute a risk score associated with adding the individual as an authorized user. further processing of the request, including whether to terminate or continue, can be based on comparing the risk score to a predetermined threshold. if processing is continued, a virtual payment card linked to the primary cardholder account is generated. next, the virtual card can be added as a payment method to a browser profile of the individual on a network-accessible computing resource. subsequently, the authorized user can access the virtual card to make online shopping payments with a web browser personalized with the browser profile.

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