MOBILE TRANSACTION DEVICES ENABLING UNIQUE IDENTIFIERS FOR FACILITATING CREDIT CHECKS

摘要

When a user is requested to provide the user's social security number (SSN) or other personal information for conducting a credit/background check, the user may use a mobile app on the user's mobile device to display a unique identifier which is used in place of the SSN for processing the user's credit/risk analysis. The unique identifier is used as a protection layer on top of a user's SSN to reduce chances of identity fraud. In particular, an unique identifier (token) may be generated and issued to current payment account holders or new payment account holders when they sign up for payment accounts. When a merchant requires a customer's social security number for performing a credit or background check on the customer, the customer may simply provide the unique identifier and may be cleared to start using the merchant service without exposing the customer's SSN.

主权项

1. A mobile transaction device comprising:
a display device configured to present visual information; a user input device configured to receive user instructions; a non-transitory memory storing information about a user account of a user; and one or more hardware processors coupled to the non-transitory memory and configured to read instructions from the non-transitory memory to cause the mobile transaction device to perform operations comprising: receiving, by the user input device, a request from the user to provide an unique identifier for credit check; retrieving or generating the unique identifier associated with the user via a mobile app, the unique identifier encoded with personal information of the user for credit check; and presenting, by the display device, the unique identifier to the user via the mobile app.