US Patent Application 18197339. SYSTEM AND METHOD FOR GENERATION OF VIRTUAL ACCOUNT-LINKED CARD simplified abstract
Contents
SYSTEM AND METHOD FOR GENERATION OF VIRTUAL ACCOUNT-LINKED CARD
Organization Name
Inventor(s)
Joshua Edwards of Philadelphia PA (US)
Michael Mossoba of Arlington VA (US)
Abdelkader Benkreira of Washington DC (US)
SYSTEM AND METHOD FOR GENERATION OF VIRTUAL ACCOUNT-LINKED CARD - A simplified explanation of the abstract
This abstract first appeared for US patent application 18197339 titled 'SYSTEM AND METHOD FOR GENERATION OF VIRTUAL ACCOUNT-LINKED CARD
Simplified Explanation
- This patent application describes systems and methods for generating virtual account-linked cards. - The virtual cards are generated when a physical card is forgotten and swallowed by a card reader. - The virtual cards can only be used for transactions with authorized partners listed in a database. - The purpose of this innovation is to provide a solution for situations where physical cards are lost or forgotten. - The virtual cards serve as a temporary replacement for the physical cards. - The virtual cards are restricted to ensure secure transactions with authorized partners only.
Original Abstract Submitted
Embodiments of systems and methods for generating virtual account-linked cards are described. A virtual account-linked card may be generated in response to a determination that a physical account-linked card has been forgotten at a card reader and ingested by the card reader. A virtual account-linked card may be restricted such that it can only be used to execute a transaction with authorized transaction partners identified in a database.
