Amazon considering new anonymous payment system
A new patent application indicates that Amazon is interested in launching a new mobile payment system that keeps your personal information safe hidden from the retailer
Amazon has just sent in a patent application to the US Patent and Trademark Office, titled “Anonymous mobile payments”. The patent describes a system which would allow mobile users to make purchases without having to divulge personal information to the retailer, such as name, phone number or email address.
Amazon wants you to keep your personal information secure
Amazon isn't the first company to attempt mobile payment systems, but they are attempting to do things a little differently. In order to shield the user's personal information, Amazon's new payment system would make use of a temporary code to conduct the sale. The code is a unique identifier for the transaction and acts as a middleman between customer and seller, so no information has to be exchanged between them. Theoretically, the code could expire after a certain time, or be used multiple times between the same seller and buyer. Here's how Amazon puts it:
Anonymous mobile payments enable a user to make and/or receive payments without disclosing personal or private information to another party. In some aspects, a provider of a payment may request an anonymous payment for a specified value from a host. In response, the host may transmit to the provider a code that is available for redemption. The provider may then relay the code to a recipient, who may redeem the code from the host. In other aspects, a recipient may request a temporary identifier (special code) from a host. The recipient may relay the temporary identifier to a provider, who may in turn transmit a payment, via the host, using the temporary identifier. The recipient may then claim the payment from the host. In additional aspects, the codes of the anonymous payments may include expiration times and/or restrictions on a number of uses of the code.
If the system comes to fruition, it could very possibly rival other payment options on the market today, much thanks to Amazon's giant customer base