EXTRA SECURITY ELEMENT ON CARDS TO PROTECT AGAINST FRAUD

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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.

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

Contents

EXTRA SECURITY ELEMENT ON CARDS TO PROTECT AGAINST FRAUD

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Inventor(s)