US Patent Application 18359567. Network Appliance with Secure Element simplified abstract

Network Appliance with Secure Element

Organization Name

Visa International Service Association

Inventor(s)

Howard Marc Wettan of Burlingame CA (US)

Network Appliance with Secure Element - A simplified explanation of the abstract

This abstract first appeared for US patent application 18359567 titled 'Network Appliance with Secure Element

Simplified Explanation

The patent application describes a network apparatus with a secure element and related systems, methods, and apparatuses.

• The apparatus is designed to perform secure transactions.
• The method involves receiving a request to perform a transaction.
• The method verifies that the network address associated with the request matches a registered physical address.
• Account data is obtained and used to conduct the transaction.
• The invention aims to enhance security in network transactions by confirming the physical address associated with the request.
• The secure element in the network apparatus ensures the protection of sensitive account data.
• The innovation can be applied in various network-based systems and devices.

Original Abstract Submitted

Described herein is a network apparatus with secure element and related systems, methods, and apparatuses. A described method includes receiving a request to perform a transaction. The method also includes obtaining confirmation that a network address associated with the request corresponds to a registered physical address. The method further includes obtaining account data and conducting a transaction using the account data.