首页|Patent Issued for Card authentication technique selection via machine learning (USPTO 11869002)
Patent Issued for Card authentication technique selection via machine learning (USPTO 11869002)
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From the background information supplied by the inventors, news correspondents obtained the followingquote: “Before a financial payment card is accepted by an online financial transaction platform or addedto an online financial transaction wallet, the financial payment card must first be authenticated. In currentpractice, there exist two different techniques for authenticating financial payment cards, each having itsown advantages and disadvantages: zero-dollar authentication and tokenization authentication. Zero-dollarauthentication is considered the gold standard authentication technique, but it incurs a fixed cost for everyfinancial payment card that is attempted to be authenticated. In contrast, tokenization authentication hasno cost per financial payment card that is successfully authenticated, but not every financial payment cardcan be successfully authenticated via tokenization, and time/resources are wasted by attempting to performtokenization authentication on such financial payment cards. Furthermore, for many financial paymentcards, both zero-dollar authentication and tokenization authentication achieve the same authenticationresult. That is, for such cards, both authentication techniques yield successful authentications, or bothauthentication techniques yield unsuccessful authentications. However, for many other financial paymentcards, zero-dollar authentication and tokenization authentication achieve different authentication results. That is, for such cards, one authentication technique yields a successful authentication while the otherauthentication technique yields an unsuccessful authentication. Unfortunately, there exist no systems thatdetermine, for an online financial transaction platform or an online financial transaction wallet, whichauthentication technique to use for a given financial payment card to maximize the likelihood of successfulauthentication and/or to otherwise minimize the cost associated with authentication.
BusinessCyborgsEmerging TechnologiesFinanceInvestment and FinanceMachine LearningPayPal Inc.
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