Invention Grant
- Patent Title: Apparatus and method for performing payment transaction using dynamic MST configuration
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Application No.: US15217661Application Date: 2016-07-22
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Publication No.: US10410205B2Publication Date: 2019-09-10
- Inventor: Dave Maung , Aneesh Nainamvalappil , Minseok Park , Chung Liu
- Applicant: Samsung Electronics Co., Ltd.
- Applicant Address: KR Suwon-si
- Assignee: Samsung Electronics Co., Ltd.
- Current Assignee: Samsung Electronics Co., Ltd.
- Current Assignee Address: KR Suwon-si
- Agency: Jefferson IP Law, LLP
- Main IPC: G06Q20/34
- IPC: G06Q20/34 ; G06Q20/20 ; G06Q20/32

Abstract:
An apparatus and method for performing a payment transaction are provided. The method includes transmitting context data to a magnetic secure transmission (MST) configuration server, receiving an MST configuration from the MST configuration servicer, and executing the payment transaction based on the MST configuration. The context data being associated with the payment transaction.
Public/Granted literature
- US20170053264A1 APPARATUS AND METHOD FOR PERFORMING PAYMENT TRANSACTION USING DYNAMIC MST CONFIGURATION Public/Granted day:2017-02-23
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