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
Inventor(s)
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.
