Systems and Methods for Tokenizing Financial Information
Embodiments of the invention can provide systems and methods for tokenizing financial information associated with mobile device transactions. According to one example embodiment of the invention, a method for providing tokens to devices can be provided. The method can include receiving, from a device, a request for a token to represent financial information; identifying, in response to the request, token information associated with the token; providing at least a portion of the token information to the device; and providing the token to a third party entity, wherein the third party entity utilizes the received token to evaluate a second token subsequently received from one of the device or a user of the device.
1 . A computer-implemented method for providing tokens to devices, the method comprising:
receiving, from a device, a request for a token to represent financial information;
identifying, in response to the request, token information associated with the token;
providing at least a portion of the token information to the device; and
providing the token to a third party entity, wherein the third party entity utilizes the received token to evaluate a second token subsequently received from one of the device or a user of the device,
wherein the above operations are performed by one or more computers associated with a tokenization service provider.
2 . The computer-implemented method of claim 1 , wherein the token information comprises the token.
3 . The computer-implemented method of claim 1 , wherein the token information comprises information that may be utilized by the device to identify or derive the token.
4 . The computer-implemented method of claim 1 , wherein receiving a request for a token comprises receiving a request for a token to represent a financial account number.
5 . The computer-implemented method of claim 1 , further comprising:
identifying a tokenization situation associated with the request; and
identifying the token information based at least in part upon the identified tokenization situation.
6 . A system for providing tokens to devices, the system comprising:
at least one memory configured to store computer-executable instructions; and
at least one processor configured to access the at least one memory and execute the computer-executable instructions to:
receive, from a device, a request for a token to represent financial information;
identify, in response to the request, token information associated with the token;
provide at least a portion of the token information to the device; and
provide the token to a third party entity, wherein the third party entity utilizes the received token to evaluate a second token subsequently received from one of the device or a user of the device,
wherein the above operations are performed by one or more computers associated with a tokenization service provider.
7 . The system of claim 6 , wherein the token information comprises the token.
8 . The system of claim 6 , wherein the token information comprises information that may be utilized by the device to identify or derive the token.
9 . The system of claim 6 , wherein the computer-executable instructions to receive a request for a token comprise instructions to receive a request for a token to represent a financial account number.
10 . The system of claim 6 , wherein the at least one processor is further configured to execute the computer-executable instructions to:
identify a tokenization situation associated with the request; and
identify the token information based at least in part upon the identified tokenization situation.
11 . A method comprising:
receiving, from a mobile device, a request for a token to represent financial information;
identifying, in response to the request, token information associated with the token;
providing at least a portion of the token information to the mobile device; and
providing the token to a third party entity, wherein the third party entity utilizes the received token to evaluate a second token received from one of the mobile device or a user of the mobile device,
wherein the above operations are performed by one or more computers associated with a service provider.
12 . The computer-implemented method of claim 11 , wherein the token information comprises the token.
13 . The computer-implemented method of claim 11 , wherein the token information comprises information that may be utilized by the mobile device to identify or derive the token.
14 . The computer-implemented method of claim 11 , wherein receiving a request for a token comprises receiving a request for a token to represent a financial account number.
15 . The computer-implemented method of claim 11 , further comprising:
identifying a tokenization situation associated with the request; and
identifying the token information based at least in part upon the identified tokenization situation.