View source for 18436514. EXTRA SECURITY ELEMENT ON CARDS TO PROTECT AGAINST FRAUD simplified abstract (MASTERCARD INTERNATIONAL INCORPORATED)

=EXTRA SECURITY ELEMENT ON CARDS TO PROTECT AGAINST FRAUD=


==Organization Name==

[[:Category:MASTERCARD INTERNATIONAL INCORPORATED|MASTERCARD INTERNATIONAL INCORPORATED]]


[[Category:MASTERCARD INTERNATIONAL INCORPORATED]]

==Inventor(s)==

[[:Category:Jaipal Singh Kumawat of Sikar (IN)|Jaipal Singh Kumawat of Sikar (IN)]][[Category:Jaipal Singh Kumawat of Sikar (IN)]]

[[:Category:Gurpreet Atwal of Chesterfield MO (US)|Gurpreet Atwal of Chesterfield MO (US)]][[Category:Gurpreet Atwal of Chesterfield MO (US)]]

==EXTRA SECURITY ELEMENT ON CARDS TO PROTECT AGAINST FRAUD - A simplified explanation of the abstract==


This abstract first appeared for US patent application 18436514 titled 'EXTRA SECURITY ELEMENT ON CARDS TO PROTECT AGAINST FRAUD

==Simplified Explanation==

Authenticating a secure element payment card involves sending a cold reset signal to the card, receiving an answer-to-reset message with transaction rules, transmitting payment account details, sending a payment authorization request to an interchange network, receiving a card authentication request with encrypted instructions, and transmitting a response back to the network.

* Cold reset signal sent to payment card
* Answer-to-reset message received with transaction rules
* Payment account details transmitted
* Payment authorization request sent to interchange network
* Card authentication request received with encrypted instructions
* Response sent back to interchange network

== Potential Applications ==
The technology described in this patent application could be applied in various industries, including:
* Financial services
* Retail
* E-commerce

== Problems Solved ==
This technology helps to address the following issues:
* Secure payment card authentication
* Protection against fraud
* Streamlining payment processes

== Benefits ==
The benefits of this technology include:
* Enhanced security for payment transactions
* Efficient and reliable authentication process
* Reduced risk of unauthorized access

== Potential Commercial Applications ==
The potential commercial applications of this technology could include:
* Payment processing companies
* Financial institutions
* Retailers and online merchants

== Possible Prior Art ==
One possible prior art for this technology could be the use of secure elements in mobile payment systems, where similar authentication processes are employed to ensure secure transactions.

=== Unanswered Questions ===

=== How does this technology compare to existing payment card authentication methods? ===
This article does not provide a direct comparison with other authentication methods currently in use in the industry. It would be helpful to understand the advantages and disadvantages of this technology in relation to existing solutions.

=== What are the potential limitations or vulnerabilities of this technology? ===
The article does not address any potential weaknesses or vulnerabilities that could be exploited in this authentication process. It would be important to explore any potential risks associated with the implementation of this technology.


==Original Abstract Submitted==

Authenticating a secure element payment card includes transmitting a cold reset signal to the payment card and receiving an answer-to-reset message therefrom. The answer-to-reset message includes governing rules for performing a transaction, including a rule indicating that a secure data element is to be used to authenticate the payment card. The process also includes receiving payment account details for a payment account associated with the payment card. A payment authorization request message is transmitted to an interchange network and a card authentication request message is then received from the interchange network. The card authentication request message includes an encrypted instruction, which is transmitted to the secure element payment card. The secure data element is received from the payment card and a card authentication request response message is then transmitted to the interchange network. A payment authorization request response message is then received from the interchange network.



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