China UnionPay had 64 patents in digitalization during Q4 2023. The patent filed by China UnionPay Co Ltd in Q4 2023 relates to a card management method involving storing different types of universal card instances in a security element of a user terminal for transaction verification. The method includes sending a card binding message to a server, receiving a card transaction identifier, and storing it in the security element for future transactions. GlobalData’s report on China UnionPay gives a 360-degreee view of the company including its patenting strategy. Buy the report here.
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China UnionPay grant share with digitalization as a theme is 42% in Q4 2023. Grant share is based on the ratio of number of grants to total number of patents.
Recent Patents
Application: Card management method, user terminal, server, system and storage medium (Patent ID: US20230351384A1)
The patent application by China UnionPay Co Ltd. describes a card management method involving a user terminal and a server. The method includes sending a card binding message to the server, receiving a card transaction identifier, and storing it in the security element of the user terminal. The user terminal stores different types of universal card instances for transaction verification, and the server allocates a card transaction identifier for the binding card based on the received information. Additional features include transaction verification calculations for online and offline transactions, initialization processes, updating program data packages, verification code acquisition, default card settings, and card deletion procedures.
The method applied to the server involves receiving a card binding message from the user terminal, allocating a card transaction identifier, establishing mapping relationships, and sending the card transaction identifier back to the user terminal. Further steps include transaction verification for online and offline transactions, initialization procedures, program data package updates, verification code acquisition, default card settings, and card deletion processes. The server interacts with the user terminal to manage card transactions efficiently, ensuring secure and accurate verification processes for different types of cards stored in the user terminal's security element.
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GlobalData Patent Analytics tracks bibliographic data, legal events data, point in time patent ownerships, and backward and forward citations from global patenting offices. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
