Patents Assigned to PRINCETON PAYMENT SOLUTIONS
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Publication number: 20140366151Abstract: A data-processing system, such as a payment processing system, including a tokenizer, such as a card encryption and storage system (CES) employing a tokenization feature. In one embodiment, the present invention provides a first-computer-implemented method for preventing the transmission of confidential information between a first computer and a second computer in communication with the first computer. The method includes the steps of: (a) the first computer receiving information for performing a transaction, the information including confidential information manually entered by a user; (b) the first computer sending the confidential information to a third computer; (c) the first computer receiving, from the third computer, a token having no algorithmic relationship to the confidential information; and (d) the first computer sending to the second computer (i) the information for performing the transaction, except for the confidential information, and (ii) the token.Type: ApplicationFiled: June 23, 2014Publication date: December 11, 2014Applicant: PRINCETON PAYMENT SOLUTIONS, LLCInventors: Kevin M. McGuire, Rush Taggart, John Alex Chapman
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Patent number: 8763142Abstract: A payment processing system for accepting manually-entered payment-card numbers. Rather than entering a payment-card account number into an application module, the card number is instead captured and stored within a tokenizer prior to being sent to the application module. The tokenizer then returns a random token to the calling application as a pointer to the original payment-card number. The token has no algorithmic relationship with the original payment-card number, so that the payment-card number cannot be derived based on the token itself. Since the token is not considered cardholder data, the token may be used in an application module without the module or its connected hardware from being subject to regulatory standards compliance. Some embodiments involve browser-based schemes, and some embodiments involve PIN-entry device-based schemes.Type: GrantFiled: August 23, 2011Date of Patent: June 24, 2014Assignee: Princeton Payment SolutionsInventors: Kevin M. McGuire, Rush Taggart, John Alex Chapman
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Patent number: 8584251Abstract: A data-processing system, such as a payment processing system, including a tokenizer, such as a card encryption and storage system (CES) employing a tokenization feature. In one embodiment, the present invention provides a first-computer-implemented method for preventing the transmission of confidential information between a first computer and a second computer in communication with the first computer. The method includes the steps of: (a) the first computer receiving information for performing a transaction, the information including confidential information manually entered by a user; (b) the first computer sending the confidential information to a third computer; (c) the first computer receiving, from the third computer, a token having no algorithmic relationship to the confidential information; and (d) the first computer sending to the second computer (i) the information for performing the transaction, except for the confidential information, and (ii) the token.Type: GrantFiled: April 7, 2010Date of Patent: November 12, 2013Assignee: Princeton Payment SolutionsInventors: Kevin M. McGuire, Rush Taggart
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Publication number: 20110307710Abstract: A payment processing system for accepting manually-entered payment-card numbers. Rather than entering a payment-card account number into an application module, the card number is instead captured and stored within a tokenizer prior to being sent to the application module. The tokenizer then returns a random token to the calling application as a pointer to the original payment-card number. The token has no algorithmic relationship with the original payment-card number, so that the payment-card number cannot be derived based on the token itself. Since the token is not considered cardholder data, the token may be used in an application module without the module or its connected hardware from being subject to regulatory standards compliance. Some embodiments involve browser-based schemes, and some embodiments involve PIN-entry device-based schemes.Type: ApplicationFiled: August 23, 2011Publication date: December 15, 2011Applicant: PRINCETON PAYMENT SOLUTIONSInventors: Kevin M. McGuire, Rush Taggart, John Alex Chapman