Bank of America Corporation
SYSTEM ARCHITECTURES FOR POINT-OF-SALE DATA OBFUSCATION, DATA REMOVAL AND DATA ENCRYPTION

Abstract:

A system for securing payments is provided. The system may include a payment-receiving entity. The payment-receiving entity may include a point-of-sale device, a point-of-sale encryption selection display and a storage medium. The point-of-sale device may include homomorphic encryption capabilities. The system may include a payment processing entity. The payment processing entity may include a payment receiver and a payment processor. Upon receipt of a payment from the user at the payment-receiving entity, the payment-receiving entity may be configured to present to the user the point-of-sale encryption selection display; receive one or more user selections; transmit payment details, associated with the payment, to the payment processing entity; receive payment confirmation; and encrypt and store point-of-sale details based on the user selections. The point-of-sale encryption selection display may be operable to present, to a user, one or more transaction encryption selectable choices.