US 11,727,389 B2
Systems and methods for managing third party tokens and transactions across issuer ecosystems
Tuan Dao, Richardson, TX (US); Howard Spector, Woolwich, NJ (US); Craig Mullaney, Newark, DE (US); Ayman Hammad, Pleasanton, CA (US); Stanley M. Devan, Mount Royal, NJ (US); Soumyajit Ghosh, Lewis Center, OH (US); and Sangameswara Panchomarthi, Bear, DE (US)
Assigned to JPMORGAN CHASE BANK, N.A., New York, NY (US)
Filed by JPMorgan Chase Bank, N.A., New York, NY (US)
Filed on Jun. 18, 2018, as Appl. No. 16/10,677.
Prior Publication US 2019/0385151 A1, Dec. 19, 2019
Int. Cl. G06Q 30/02 (2023.01); G06Q 30/0207 (2023.01); G06Q 20/36 (2012.01); G06Q 20/32 (2012.01); G06Q 20/40 (2012.01)
CPC G06Q 20/36 (2013.01) [G06Q 20/322 (2013.01); G06Q 20/40 (2013.01); G06Q 30/0215 (2013.01)] 6 Claims
OG exemplary drawing
 
1. A method for managing payment tokens, comprising:
receiving, by a financial institution electronic wallet application associated with a financial institution and executed by a mobile electronic device, approval to access a third-party electronic wallet application also executed by the mobile electronic device, wherein the financial institution electronic wallet application and the third-party electronic wallet application are configured to store provisioned payment tokens for associated credit cards or debit cards and are configured to conduct mobile payment transactions;
accessing, by the financial institution electronic wallet application, the third-party electronic wallet application in response to the approval;
identifying, by the financial institution electronic wallet application, a payment token in the third-party electronic wallet application for a financial instrument that is issued by the financial institution and was provisioned to the third-party electronic wallet application by the financial institution electronic wallet application;
a backend for the financial institution setting a token wallet characteristic indicator for the payment token that indicates that the payment token is for an account issued by the financial institution;
the backend for the financial institution distributing the token wallet characteristic indicator to an authorization platform for the financial institution, wherein the distributing includes adding the token wallet characteristic indicator to a transaction record; and
the backend for the financial institution communicating the payment token with the token wallet characteristic indicator to a token vault;
wherein the authorization platform is configured to conduct a transaction from the third-party electronic wallet application with the payment token with the same benefits as if the transaction had originated from the financial institution electronic wallet application based on the token wallet characteristic indicator.