System and method for secured account numbers in proximity devices
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United States of America Patent
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May 14, 2019
Grant Date -
Sep 4, 2014
app pub date -
May 12, 2014
filing date -
Sep 6, 2005
priority date (Note) -
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status (Latency Note)
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Abstract
A method and system for using a secured account number for processing proximity types of wireless financial transactions associated with portable consumer proximity devices is disclosed. In one embodiment, the method includes receiving a proximity type of wireless financial transaction request along with a secured account number from a portable proximity consumer device such as a contactless smart card, converting the secured account number to the user's real account number, and transmitting the financial transaction request along with the user's real account number to the issuer of the user's real account number for authorization and processing.
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