Rebecca N Newman

US Patent:

20200097928, Mar 26, 2020

Filed:

Sep 20, 2019

Appl. No.:

16/576982

Inventors:

- New York NY, US
Rebecca Sloan NEWMAN - Brooklyn NY, US
Anum AFZAAL - Brooklyn NY, US
Joe HUSSEY - Tampa FL, US
Amy M. LESLIE - Ann Arbor MI, US

International Classification:

G06Q 20/08
G06Q 20/36
G06Q 20/02

Abstract:

Systems and methods for conducting account tokenized transactions are disclosed. In one embodiment, a method may include: receiving a third-party identifier, login credentials for a user, and an identification of a user account to tokenize from a trusted party; generating a token for the user account and associating the token with the user account and the third-party identifier; providing the token, a token-specific routing number, and the third-party identifier to the trusted party; receiving, from the third party's financial institution, a transaction comprising the token, the token-specific routing number, and the third-party identifier; identifying the transaction as involving a tokenized account based on the token-specific routing number; verifying that the third-party identifier received from the third party's financial institution matches the third-party identifier associated with the token; identifying the account associated with the token; posting the transaction to the account; and settling the transaction with the third party.