US Patent Application 18232408. METHOD AND SYSTEM FOR MAINTAINING PRIVACY AND COMPLIANCE IN THE USE OF ACCOUNT REISSUANCE DATA simplified abstract

From WikiPatents
Jump to navigation Jump to search

METHOD AND SYSTEM FOR MAINTAINING PRIVACY AND COMPLIANCE IN THE USE OF ACCOUNT REISSUANCE DATA

Organization Name

Mastercard International Incorporated

Inventor(s)

Andrew Reiskind of Armonk NY (US)

METHOD AND SYSTEM FOR MAINTAINING PRIVACY AND COMPLIANCE IN THE USE OF ACCOUNT REISSUANCE DATA - A simplified explanation of the abstract

This abstract first appeared for US patent application 18232408 titled 'METHOD AND SYSTEM FOR MAINTAINING PRIVACY AND COMPLIANCE IN THE USE OF ACCOUNT REISSUANCE DATA

Simplified Explanation

The patent application describes a method for linking payment accounts.

  • The method involves storing multiple account profiles, each containing data related to a payment account.
  • The account number in each profile is encrypted using a specific encryption method.
  • Account linkage data is received, which includes encrypted account identifiers that are indicated as being linked to each other.
  • The encrypted account identifiers are matched to the encrypted account numbers.
  • One or more account profiles are updated to indicate a link to another profile if the encrypted account number in the profile matches an encrypted account identifier that is linked to another encrypted account identifier that matches the encrypted account number in the other profile.


Original Abstract Submitted

A method for linking payment accounts includes: storing a plurality of account profiles, each profile including data related to a payment account including an account number and account data; encrypting the account number included in each account profile using a method of encryption to obtain an encrypted account number; receiving account linkage data, the data including a plurality of encrypted account identifiers, each identifier being indicated as being linked to another identifier, and each identifier being encrypted using the method of encryption; matching each of the encrypted account identifiers to an encrypted account number; and updating one or more account profiles to indicate a link to another account profile where the encrypted account number included in the profile being updated matches an encrypted account identifier that is indicated as being linked to an encrypted account identifier that matches the encrypted account number included in the other profile.

Retrieved from "http://wikipatents.org/index.php?title=US_Patent_Application_18232408._METHOD_AND_SYSTEM_FOR_MAINTAINING_PRIVACY_AND_COMPLIANCE_IN_THE_USE_OF_ACCOUNT_REISSUANCE_DATA_simplified_abstract&oldid=12745"