This system acts as a secure intermediary for transactions, protecting your financial details. When a first party, like a merchant, wants to process a request, they send an encrypted message with your unique ID to this system. The system then forwards an encrypted authorization request to your account operator, who directly asks you on your device for approval, ensuring your sensitive financial information is never seen by the merchant or the intermediary system.
Why it matters: Filed in 2022, this system's focus on shielding sensitive financial data and using device-based authorization has become even more relevant with the increasing global emphasis on data privacy and the widespread adoption of secure messaging and authentication apps for payments.
AI gives you a few directions you could take this. Pick one, and we check whether your version is different enough to patent, then write the filing.
Reinvent this with AI