18603043. RETAILER CARD INSTANT APPROVAL AND PROVISIONING simplified abstract (Wells Fargo Bank, N.A.)
RETAILER CARD INSTANT APPROVAL AND PROVISIONING
Organization Name
Inventor(s)
Peter Ho of Walnut Creek CA (US)
Andrew L. Martinez of San Francisco CA (US)
RETAILER CARD INSTANT APPROVAL AND PROVISIONING - A simplified explanation of the abstract
This abstract first appeared for US patent application 18603043 titled 'RETAILER CARD INSTANT APPROVAL AND PROVISIONING
Simplified Explanation:
The method described in the abstract involves validating a mobile device through NFC technology, generating a token for a customer account, and provisioning the token to the mobile device via NFC.
- Validates mobile device ownership through NFC tap
- Generates token for customer account
- Provisions token to validated mobile device via NFC
Key Features and Innovation:
- Utilizes NFC technology for device validation and token provisioning
- Streamlines account access process for customers
- Enhances security by binding device identifier to customer
Potential Applications:
- Mobile payments
- Access control systems
- Loyalty programs
Problems Solved:
- Simplifies account access for customers
- Improves security by validating device ownership
- Enhances user experience with seamless token provisioning
Benefits:
- Faster and more secure account access
- Improved customer satisfaction
- Enhanced data protection
Commercial Applications:
The technology can be applied in various industries such as banking, retail, and hospitality to streamline customer access processes and enhance security measures.
Questions about NFC Technology:
1. How does NFC technology improve the security of account access processes?
- NFC technology enhances security by validating device ownership through a tap, reducing the risk of unauthorized access.
2. What are the potential drawbacks of using NFC technology for token provisioning?
- One potential drawback could be the limited range of NFC technology, requiring close proximity between the mobile device and the computing system for token provisioning.
Original Abstract Submitted
A method includes receiving a mobile device identifier associated with a mobile device, wherein the mobile device identifier is received based on a first near-field communication (NFC) tap between the mobile device and a third-party computing system; validating the mobile device as belonging to a customer based on the received mobile device identifier; binding the mobile device identifier to the customer based on the validation; generating a token for an account of the customer; and in response to generating the token, providing the token to the third-party computing system, wherein the token is automatically provisioned to the validated mobile device via a second NFC tap between the mobile device and the third-party computing system.
