View source for Worldpay, LLC (20240348616). SYSTEMS AND METHODS FOR THIRD-PARTY INTEROPERABILITY IN SECURE NETWORK TRANSACTIONS USING TOKENIZED DATA simplified abstract

=SYSTEMS AND METHODS FOR THIRD-PARTY INTEROPERABILITY IN SECURE NETWORK TRANSACTIONS USING TOKENIZED DATA=


==Organization Name==

[[:Category:Worldpay, LLC|Worldpay, LLC]]


[[Category:Worldpay, LLC]]

==Inventor(s)==

[[:Category:Brant Peterson of Denver CO (US)|Brant Peterson of Denver CO (US)]][[Category:Brant Peterson of Denver CO (US)]]

==SYSTEMS AND METHODS FOR THIRD-PARTY INTEROPERABILITY IN SECURE NETWORK TRANSACTIONS USING TOKENIZED DATA - A simplified explanation of the abstract==


This abstract first appeared for US patent application 20240348616 titled 'SYSTEMS AND METHODS FOR THIRD-PARTY INTEROPERABILITY IN SECURE NETWORK TRANSACTIONS USING TOKENIZED DATA

'''Simplified Explanation:'''
The patent application describes a method and system for enabling third-party data service interoperability by providing low-value tokens to access subsets of sensitive data associated with a user.

* Receiving a request for a low-value token from an electronic data server.
* Providing the low-value token to the electronic data server.
* Receiving a request for sensitive data subset from a third-party data service server using the low-value token.
* De-tokenizing the low-value token to obtain the sensitive data subset.
* Providing the sensitive data subset to the third-party data service server.
* Determining an authorization response based on the low-value token and authorization request.
* Providing the authorization response to the electronic data server.

'''Key Features and Innovation:'''
- Use of low-value tokens to access subsets of sensitive data.
- Interoperability between electronic data servers and third-party data service servers.
- Secure transmission and authorization of sensitive data subsets.

'''Potential Applications:'''
This technology can be applied in industries such as finance, healthcare, and e-commerce where secure access to sensitive data subsets is required for third-party services.

'''Problems Solved:'''
- Secure sharing of sensitive data subsets with third-party services.
- Efficient authorization and access control mechanisms for sensitive data.

'''Benefits:'''
- Enhanced data security and privacy.
- Improved interoperability between different data service providers.
- Streamlined access to specific subsets of sensitive data.

'''Commercial Applications:'''
The technology can be utilized in financial institutions for secure transaction processing, healthcare organizations for sharing patient data with authorized third parties, and e-commerce platforms for personalized customer experiences.

'''Questions about Third-Party Data Service Interoperability:'''
1. How does the use of low-value tokens enhance data security in third-party data service interoperability?
2. What are the potential implications of this technology on data privacy regulations and compliance requirements?

'''Frequently Updated Research:'''
Stay updated on advancements in data tokenization techniques and secure data sharing protocols to enhance the efficiency and security of third-party data service interoperability.


==Original Abstract Submitted==

embodiments include methods and systems for enabling third-party data service interoperability, comprising receiving, from an electronic data server, a request for a low-value token, the low-value token being associated with a subset of sensitive data associated with a user; providing the low-value token to the electronic data server; receiving a request for the subset of sensitive data, from a third-party data service server, the request comprising the low-value token; de-tokenizing the low-value token to obtain the subset of sensitive data; providing the subset of sensitive data to the third-party data service server; receiving, from an electronic data server, the low-value token and a transaction authorization request; determining, based on the low-value token and authorization request, an authorization response; and providing the authorization response to the electronic data server.



[[Category:H04L9/40]]
[[Category:G06F21/10]]
[[Category:G06Q50/26]]
[[Category:CPC_H04L63/10]]