18146073. METHOD TO PING VIRTUAL CARD NUMBERS TO CHECK IF ACTIVE simplified abstract (Capital One Services, LLC)
Contents
METHOD TO PING VIRTUAL CARD NUMBERS TO CHECK IF ACTIVE
Organization Name
Inventor(s)
Michael Mossoba of Great Falls VA (US)
Tyler Maiman of Melville NY (US)
Joshua Edwards of Philadelphia PA (US)
METHOD TO PING VIRTUAL CARD NUMBERS TO CHECK IF ACTIVE - A simplified explanation of the abstract
This abstract first appeared for US patent application 18146073 titled 'METHOD TO PING VIRTUAL CARD NUMBERS TO CHECK IF ACTIVE
Simplified Explanation: The abstract describes techniques for exchanging data related to virtual card numbers (VCNs) using an application programming interface (API) of a computing device that manages VCNs.
- Enables changes to a VCN made by a user to be provided to other computing devices.
- Other computing devices can adjust services and transactions based on the information provided via the API.
- Enhances the management and sharing of VCN-related data among different devices.
Potential Applications: 1. Financial institutions for secure and efficient management of virtual card numbers. 2. E-commerce platforms for seamless transactions and enhanced security measures. 3. Mobile payment applications for improved user experience and data sharing capabilities.
Problems Solved: 1. Streamlines the process of updating and sharing VCN-related information. 2. Enhances security by enabling real-time adjustments to VCNs across multiple devices. 3. Improves user experience by ensuring consistency in VCN data across platforms.
Benefits: 1. Increased efficiency in managing virtual card numbers. 2. Enhanced security measures for VCN-related data. 3. Improved user experience and convenience in transactions.
Commercial Applications: The technology can be utilized by financial institutions, e-commerce platforms, and mobile payment applications to streamline VCN management, enhance security, and improve user experience, leading to increased customer satisfaction and trust.
Questions about Virtual Card Numbers (VCNs): 1. How do virtual card numbers enhance security in online transactions? 2. What are the potential risks associated with the exchange of VCN-related data?
Frequently Updated Research: Stay updated on the latest advancements in VCN management and data sharing technologies to ensure optimal security and efficiency in transactions.
Original Abstract Submitted
Techniques for exchanging data related to virtual card numbers (VCNs) using an application programming interface (API) of a computing device that manages VCNs are provided. The API enables changes to a VCN made under the direction of a user to be provided to other computing devices. The other computing devices may adjust the provision of services to the user and any transactions related thereto based on the information provided via the API of the computing device that manages the VCNs.
