Multi-functional credit card type portable electronic device

• US 10,339,520 B2
• Filed: 09/11/2017
• Issued: 07/02/2019
• Est. Priority Date: 03/15/2013
• Status: Active Grant

• Current Assignee: CardWare, Inc.
• Original Assignee: Virtual Electric Inc.
• Inventors: Wyatt, David
• Primary Examiner(s): Lee, Seung H
• Application Number:
  US15/701,261
• Publication Number:
  US 20180247300A1
• Time in Patent Office: 659 Days
• CPC Class Codes: G06K 19/06206 the magnetic marking being emulated
• CPC Class Codes: G06K 19/0716 at least one of the integrated circuit chips comprising a sensor or an interface to a sensor
• CPC Class Codes: G06K 19/07749 the record carrier being capable of non-contact communication, e.g. constructional details of the antenna of a non-contact smart card
• CPC Class Codes: G06Q 20/06 Private payment circuits, e.g. involving electronic currency used among participants of a common payment scheme
• CPC Class Codes: G06Q 20/065 using e-cash
• CPC Class Codes: G06Q 20/223 based on the use of peer-to-peer networks
• CPC Class Codes: G06Q 20/24 Credit schemes, i.e. "pay after"
• CPC Class Codes: G06Q 20/341 Active cards, i.e. cards including their own processing means, e.g. including an IC or chip
• CPC Class Codes: G06Q 20/346 Cards serving only as information carrier of service
• CPC Class Codes: G06Q 20/347 Passive cards
• CPC Class Codes: G06Q 20/352 Contactless payments by cards
• CPC Class Codes: G06Q 20/3827 Use of message hashing
• CPC Class Codes: G06Q 20/385 using an alias or single-use codes
• CPC Class Codes: G06Q 20/4012 Verifying personal identification numbers [PIN]
• CPC Class Codes: G06Q 20/409 Device specific authentication in transaction processing
• CPC Class Codes: G07F 19/00 Complete banking systems; Coded card-freed arrangements adapted for dispensing or receiving monies or the like and posting such transactions to existing accounts, e.g. automatic teller machines data processing equipment for bank accounting G06Q40/02
• CPC Class Codes: G07F 7/0873 Details of the card reader

Abstract

An embodiment includes a credit card device capable of generating a programmed magnetic field of alternating polarity based on a speed of a card swipe, and methods for constructing the device for the purpose of emulating a standard credit card. An apparatus is described to allow said device to emulate behavior of a credit card when used in electronic credit card readers. Additionally methods are described to allow user control of said device for the purpose of authorizing or controlling use of said device in the application of credit, debit and cash transactions, including cryptocurrency and card-to-card transactions. Methods are also described for generating a limited-duration credit card number when performing a transaction for the purpose of creating a limited-use credit card number, which is limited in scope of use to a predetermined number of authorized transactions. Furthermore said device may interact with other similar devices in proximity for the purpose of funds or credit/debit transfers.

Claims

1. An electronic device comprising:

a near-field communication (NFC) unit;

a touch sensor array;

a display;

a motion rate detection array;

a memory for storing a user data and a currency amount;

a processor operatively coupled to the NFC unit, the touch sensor array, the display, the motion rate detection array, and the memory;

a computer readable medium having instructions stored thereon that, responsive to execution by the electronic device, cause the electronic device to perform operations comprising;

accepting a user input of issued payments information input at a touch screen display of the electronic device, wherein the information comprising an issuer provided payment information;

wherein the memory comprises device-specific and user-specific information; and

,

wherein the user provided payment information is communicated wirelessly; and

,

wirelessly receiving a static device account number payment information for storage on the electronic device; and

wherein at least a portion of the payment information is a limited-use number for limited-use by the device, in place of a issuer provided payment information; and

,

dynamically-generating a one-time limited-use numbers based on at least one of a set of information including;

user-identifying information;

user secrets;

device information;

device secrets;

time;

merchant;

facility location;

sequence count;

payment information;

account information;

amount; and

transaction information; and

using said static device account number and said dynamically generated one-time limited-use number together in the place of issuer provided payment information for making a payment transaction.

2. The electronic device of claim 1, wherein the motion rate detection array comprises a set of motion rate detection units, wherein the set comprises:

a plurality of inductor coils and companion magnetic-field pickup coils;

an optical sensor array; and

a plurality of accelerometers, and wherein a detected proximity between the electronic device and a second electronic device is determined from at least one of the set of motion rate detection units.

3. The electronic device of claim 2, wherein the plurality of accelerometers generate an indication of the detected proximity in response to a contact between said electronic device and said second electronic device.

4. The electronic device of claim 1, wherein the user input comprises one or more of:

an introduction of a transaction-specific identifier;

a confirmation or a denial of an indicated transaction; and

a lock/unlock command determining operation of the electronic device according to an input sequence or a gesture across the plurality of touch sensors.

5. The electronic device of claim 1, further comprising a sequence counter which generates a sequential parameter when the processor initiates a transaction, wherein the sequential parameter is combined with any of a user information, a transaction identifier, a user secret, and a credit card authority secret and the processor is operable to generate a limited-duration credit card number therefrom.

6. The electronic device of claim 1, wherein the limited-use number has a limited recurrence, and is limited in scope of use to a predetermined number of authorized transactions.

7. The electronic device of claim 1, wherein the display enables information to be displayed regarding the limited-use number, the time, a passcode, a sequence code, a currency amount, and other credit card transaction information of the user, a merchant, a bank or a credit card authority.

8. The electronic device of claim 1, wherein the payment transaction comprises a cryptographic hash of the transaction unit, wherein the cryptographic hash is processed and stored in said memory.

9. The electronic device of claim 1, further comprising a USB connector for connection to a standard computing device.

10. A method of storing and generating payment information in an electronic device, the method comprising:

accepting a user input of issued payment information input at a touch screen display of the electronic device, wherein the information comprises an issuer provided payment information;

wherein the electronic device comprises device-specific and user-specific information; and

,

wherein the issuer provided payment information is communicated wirelessly; and

,

receiving wirelessly a static device account number payment information for storage on the electronic device; and

wherein

at least a portion of the payment information is a limited-use number for limited use by the device, in place of a issuer provided payment information; and

,

dynamically generating a one-time limited-use number based on at least one of a set of information including;

user-identifying information;

user secrets;

device information;

device secrets;

time;

merchant;

facility location;

sequence count;

payment information;

account information;

amount; and

transaction information; and

using said static device account number and said dynamically generated one-time limited-use number together in the place of issuer provided payment information for making a payment transaction.

11. The method of claim 10, wherein the electronic device is configured to accept the user input by at least one of a means comprising:

a touch sensor array;

a touch screen;

a keypad;

buttons;

device motion;

an accelerometer;

a biometric input;

a proximity contact sensor;

optical sensors;

an NFC unit;

a wireless interface;

a wired connection;

a USB connection;

an RF antenna;

an inductor assembly.

12. The method of claim 10, wherein the device-specific information comprises at least one of a set including:

device identifiers;

device secrets;

devices keys;

device usage sequence counters; and

device account numbers.

13. The method of claim 10, wherein the user-specific information comprises at least one of a set comprising:

an email address;

a username;

a password;

a PIN;

a passcode;

gestures;

user information;

bank accounts;

payment information;

device account numbers;

merchant accounts;

online accounts;

currency amount;

currency type;

cryptocurrency address;

cryptocurrency keys;

private/public keys;

signature information; and

user secrets.

14. The method of claim 10, further comprising rendering on the display of the electronic device the payment method types stored in the electronic device, wherein said rendering comprises rendering with images, alphanumeric characters and iconography including at least one of a set comprising:

a bank logo;

an issuer logo;

card network icons;

payment network icons;

a portion of the account number; and

a cardholder name.

15. The method of claim 14, further comprising accepting a user selection of a payment method type for use in a transaction responsive to a user selection from a list of payment method images rendered the display and using a touch screen interface for the user selection.

16. The method of claim 15, wherein the user selection is a default payment method to be used in transactions.

17. The method of claim 15, wherein the issuer provided payment information is selected from at least one of a set comprising:

account number;

card number;

device account number;

expiration date;

card security codes;

card validation values;

card identification numbers;

cardholder name;

payment method type;

merchant account;

online account;

an account type;

a direction of transaction;

the payment issuing authority;

the amount of currency;

the unit of currency;

a funds type;

cryptocurrency address;

cryptocurrency key;

cryptocurrency network; and

card-type information.

18. A method of facilitating and authorizing an automated teller machine (ATM) transaction involving an electronic device, wherein an electronic device transacts wirelessly with an ATM, the method comprising:

providing, by the electronic device, at least one of account information;

identification; and

authorization, for the ATM transaction; and

,

wherein the electronic device comprises a user interface comprising;

displays;

touch sensors; and

buttons; and

,

recording a user selection from the user interface of the electronic device of a user selected account from which the electronic device is operable to wirelessly convey with an ATM; and

,

recording a user selection from the user interface of the electronic device of a user selected account operation, wherein said user selected account operation is selected from a list of funds transfer operations; and

,

wherein user input information from the user interface includes at least one of a set comprising;

identification, account, amount of currency, operation and authorizing information; and

,

wherein the identification, selection, information and authorizing operations are exchanged wirelessly between the electronic device and the ATM via NFC; and

,

wherein the ATM is configured for performing the user selected account operation using the identification and authorizing information; and

,

wherein the identification and authorizing information exchanged wirelessly between the electronic device and the ATM comprises;

statically and dynamically generated limited-use number portions; and

,

wherein said static and dynamic information is combined to perform the user selected ATM operation.

19. A method of claim 18, wherein the identification and authorizing information is generated from at least one of a set identification and data comprising:

ATM accounts;

user identification;

biometric user identification;

device-identifiers;

email address;

username;

transactional information;

merchant identifiers;

facility location;

user accounts;

cryptocurrency address;

cryptocurrency keys;

merchant accounts;

online accounts;

bank accounts;

device account numbers;

payment numbers;

card issuing authority; and

payment-issuer; and

wherein further the data includes at least one of time;

duration;

passwords;

passcodes;

device position;

device motion;

device-specifics;

secrets;

keys;

a currency;

currency amounts;

cryptocurrency amount;

transaction limits;

transaction records;

usage duration; and

usage sequence counts.

20. A method of claim 18, wherein user entered identification and authorizing information is recorded through the user interface of the electronic device from at least one of set including:

a plurality of button-press actions;

a swipe gesture received at a touch sensor of the electronic device;

a key press sequence received at the touch sensor;

a passcode sequence received at the buttons;

a plurality of swipe gestures received at a touch sensor of the electronic device;

a key press PIN sequence received at the touch sensor;

a passcode sequence received at the touch sensor;

an accelerometer sensor indicating a user motion of the electronic device;

an action and sequence of motions of the electronic device as performed by a user;

an action of the user to move the electronic device into a specific orientation;

a biometric sensor confirming the electronic device is in a grip of the user; and

a biometric sensor confirming the electronic device has remained in the possession of the user from activation to transaction.

21. A method of claim 18, wherein the identification and authorizing information is recorded responsive to the user inputting information using input methods provided by the ATM to record at least one of a PIN number;

a passcode;

a password;

a biometric identification; and

user known secrets.

22. The method of claim 18, wherein the limited-use number dynamically generated in the device is based on cryptographically combining data selected from the group consisting of an ATM information,

the locality of an ATM reader facility,

information regarding the facility performing the transaction,

bank information,

a time of day,

a date,

a transaction amount,

a count of past transactions,

a sequence count,

a historical record of transactions,

a merchant account,

a user'"'"'s location,

an online address,

a device-internal secret,

a device unique identifier,

a payment authority key,

a payment issuer authority secret,

a method and direction of payment, deposit, transfer and receipt,

a cryptocurrency server,

a cryptocurrency type,

a cryptocurrency private key,

a cryptocurrency public key,

a cryptocurrency address,

a touch gesture,

a biometrically sensed user information,

a user'"'"'s private information,

a user key,

a user email,

password,

passcode,

a PIN,

a user secret, and

a user input.

23. The method of claim of 18, wherein the payment information comprises combining a plurality of static portions, and a plurality of dynamically generated limited-use portions, and wherein the static portion is a token account number with a limited-duration expiration date, to be used in place of issuer provided information.

24. The method of claim of 18, wherein the amount of currency information can be a unit of value from at least one of a set of comprising:

a cash amount, an amount of a debit account, an amount of credit, a maximum spending amount, a merchant account, a bank account amount, a unit of cryptocurrency, an online account funds, an payment issuer unit of funds, and a merchant account points.