Patent Reveals Innovative Approach to Network Data Management and Security for Financial Transactions

Strategic Insights -

A newly published patent by Chris Otten and Taylor Young from Synchrony Bank has shed light on a novel method for enhancing network data management and security in financial transactions. The patent, filed on April 5, 2024, and published online on October 14, 2025, proposes a system that utilizes one-time links, tokens, and secure channels to protect sensitive user data.

According to the inventors, users often rely on networks and associated computing devices to transmit, receive, store, and manage secure data, such as personal identifying information. However, such sensitive data can be vulnerable to privacy and regulatory concerns, creating barriers to transactions between users, merchants, and lenders. The proposed system addresses these concerns by employing a digital lockbox to secure sensitive user data and facilitate interactions with it.

Key Takeaways:

  • The patent describes a computer-implemented method for managing network data and security in financial transactions, involving the generation of one-time links using personal identifying information and a network location.
  • The one-time links are tokenized to prevent sharing and utilize a token to establish a secure channel.
  • The system also involves the transmission of sensitive user data using the secure channel and the deletion of data after transmission.
  • The patent claims highlight the importance of applying time limits to one-time links and performing security checks associated with location data.
  • The system can be integrated with various data management contexts and provides enhanced functionality for payment systems.
  • The inventors emphasize the need for improved security and privacy in network data management, particularly in the context of credit and purchase communications.

Statistics:

  • The patent was filed on April 5, 2024, and published online on October 14, 2025.
  • The patent number is 12443948.
  • The system involves the use of one-time links, tokens, and secure channels to protect sensitive user data.
  • The digital lockbox is designed to store sensitive user data and facilitate interactions with it.
  • The system provides enhanced functionality for payment systems and can be integrated with various data management contexts.

Sources:

  • Otten, C., & Young, T. (2024). Network data management and data security. U.S. Patent Number 12443948.
  • URL and more information on this patent: https://ppubs.uspto.gov/pubwebapp/external.html?q=(12443948)&db=USPAT&type=ids (for desktop use only)