Stripe, inc. (20240330897). SYSTEM AND METHOD FOR INDICATING ENTRY OF PERSONAL IDENTIFICATION NUMBER simplified abstract
Contents
SYSTEM AND METHOD FOR INDICATING ENTRY OF PERSONAL IDENTIFICATION NUMBER
Organization Name
Inventor(s)
Hwai Sian Tsai of Hong Kong (HK)
SYSTEM AND METHOD FOR INDICATING ENTRY OF PERSONAL IDENTIFICATION NUMBER - A simplified explanation of the abstract
This abstract first appeared for US patent application 20240330897 titled 'SYSTEM AND METHOD FOR INDICATING ENTRY OF PERSONAL IDENTIFICATION NUMBER
The abstract describes a system that prompts a user to enter a personal identification number (PIN) on a commercial off-the-shelf (COTS) device. The system includes a secure card reader connected to the COTS device, a payment application on the COTS device, and other devices. The payment application sends prompts to the other devices based on signals from the secure card reader, instructing the user to enter their PIN on the COTS device's display.
- Secure card reader connected to COTS device
- Payment application on COTS device
- Prompting user to enter PIN on COTS device
- Communication between secure card reader and payment application
- Enhanced security for payment transactions
Potential Applications: - Secure online payments - Enhanced payment security for retail transactions - Improved user authentication processes
Problems Solved: - Mitigating risks of unauthorized access to payment information - Enhancing user verification for secure transactions
Benefits: - Increased security for payment transactions - Streamlined user authentication process - Reduced risk of fraud and unauthorized access
Commercial Applications: Title: Enhanced Payment Security System This technology can be utilized in various industries such as banking, retail, e-commerce, and financial services to enhance the security of payment transactions and protect sensitive user information.
Questions about the technology: 1. How does the system ensure the security of the user's PIN during the transaction process? 2. What are the potential implications of this technology for the future of secure payment systems?
Original Abstract Submitted
a system to indicate to a user to enter a personal identification number (pin) on a commercial off the shelf (cots) device, the system comprising: a secure card reader communicatively coupled to the cots device, and wherein the secure card reader receives a payment card; a payment application installed on the cots device; and one or more devices other than the cots device. the payment application installed on the cots device transmits one or more prompts to the one or more devices other than the cots device based on a set of signals received from the secure card reader. the secure card reader transmits the set of signals after the payment card is received at the secure card reader, and the one or more prompts comprise at least one indication to the user to enter the pin on a display of the cots device.
