Unknown Organization (20240346511). METHOD TO CREATE AN ECOMMERCE PAYMENT CARD FROM A PHYSICAL PAYMENT CARD simplified abstract
Contents
METHOD TO CREATE AN ECOMMERCE PAYMENT CARD FROM A PHYSICAL PAYMENT CARD
Organization Name
Inventor(s)
Timothy Lee Mclaughlin of Vienna VA (US)
METHOD TO CREATE AN ECOMMERCE PAYMENT CARD FROM A PHYSICAL PAYMENT CARD - A simplified explanation of the abstract
This abstract first appeared for US patent application 20240346511 titled 'METHOD TO CREATE AN ECOMMERCE PAYMENT CARD FROM A PHYSICAL PAYMENT CARD
The abstract of this patent application describes a method where a user's compute device receives a set of attributes associated with a payment card from a payment terminal compute device, without the user directly providing the information. The user's compute device is then associated with these attributes, which are later included in a purchase order at an ecommerce platform.
- User's compute device receives payment card attributes from a payment terminal compute device.
- User's compute device is associated with the payment card attributes.
- Payment card attributes are included in a purchase order at an ecommerce platform.
Potential Applications: - Streamlining online payment processes - Enhancing security in online transactions - Improving user experience in ecommerce platforms
Problems Solved: - Eliminating the need for users to manually input payment card information - Enhancing convenience and efficiency in online shopping
Benefits: - Increased security by reducing manual input of sensitive payment information - Simplified checkout process for users - Enhanced user experience in online shopping
Commercial Applications: Title: "Enhancing Online Payment Security and User Experience" This technology could be utilized by ecommerce platforms, online retailers, and payment processing companies to improve the efficiency and security of online transactions, ultimately enhancing user experience and trust in online shopping.
Questions about the technology: 1. How does this method improve security in online transactions? - This method enhances security by reducing the risk of exposing sensitive payment information during online transactions. 2. What are the potential implications of this technology for the ecommerce industry? - The technology could lead to increased trust and user satisfaction in online shopping, potentially boosting sales for ecommerce businesses.
Original Abstract Submitted
provided herein in a method that can include receiving, via a processor of a user compute device associated with a user and from a payment terminal compute device, a representation of a set of attributes associated with a payment card, the payment terminal compute device used by the user to make a payment with the payment card; causing, via the processor and without the user having to directly provide the set of attributes to the user compute device, the user compute device to be associated with the set of attributes; and providing, via the processor, after the causing, and without the user having to directly provide the set of attributes to the user compute device, the representation of the set of attributes as part of a purchase order at an ecommerce platform.
