Portable account number for consumer payment account

• US 10,373,133 B2
• Filed: 12/10/2015
• Issued: 08/06/2019
• Est. Priority Date: 03/03/2010
• Status: Active Grant

• Current Assignee: Visa International Service Association (Visa, Inc.)
• Original Assignee: Visa International Service Association (Visa, Inc.)
• Inventors: Singh, Shantnu
• Primary Examiner(s): Zeender, Florian M
• Assistant Examiner(s): Amsdell, Dana
• Application Number:
  US14/965,561
• Publication Number:
  US 20160171458A1
• Time in Patent Office: 1,335 Days
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/105 involving programming of a portable memory device, e.g. IC cards, "electronic purses"
• CPC Class Codes: G06Q 20/204 comprising interface for record bearing medium or carrier for electronic funds transfer or payment credit
• 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 20/352 Contactless payments by cards
• CPC Class Codes: G06Q 20/40 Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
• CPC Class Codes: G06Q 20/409 Device specific authentication in transaction processing
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03

Abstract

A payment device for conducting a transaction is provided. The payment device includes a device substrate, a payment device identifier visibly located on the device substrate, and a data storage region contained on or within the payment device. The payment device identifier does not include information identifying an issuer for the payment device. The data storage region comprises a first data storage sub region containing data corresponding to the payment device identifier, and a second data storage sub region electronically isolated from the first data storage sub region and containing data identifying the issuer of the payment device.

Claims

1. A payment device for conducting a transaction, comprising:

a device substrate;

a payment device identifier visibly located on the device substrate, the payment device identifier not including information identifying an issuer of the payment device; and

a data storage region contained on or within the payment device, the data storage region further comprising;

a first data track containing data corresponding to the payment device identifier without data identifying the issuer of the payment device; and

a second data track electronically isolated from the first data track and containing data identifying the issuer of the payment device without data corresponding to the payment device identifier;

wherein the data storage region is a magnetic stripe.

2. The payment device of claim 1, wherein the payment device identifier is a numeric or alphanumeric string.

3. The payment device of claim 1, further comprising a contactless interface operative to enable communication and data transfer between the payment device and a second device.

4. The payment device of claim 3, wherein the second device is a point of sale terminal.

5. The payment device of claim 3, wherein the second device is a device reader.

6. A method for conducting a transaction, comprising:

accessing, from a payment device at a point of sale terminal, data corresponding to a payment device identifier from a first data track contained on or within the payment device, the payment device identifier not including information identifying an issuer of the payment device, the payment device comprising a device substrate on which the payment device identifier is visibly located, the first data track containing data corresponding to the payment device identifier without data identifying the issuer of the payment device;

accessing, from the payment device at the point of sale terminal, data identifying an issuer of the payment device from a second data track contained on or within the payment device, the second data track being electronically isolated from the first data track and containing the data identifying the issuer of the payment device without data corresponding to the payment device identifier;

generating, at the point of sale terminal, an authorization request message for the transaction comprising the data corresponding to the payment device identifier and the data identifying the issuer of the payment device;

sending, from the point of sale terminal to a server computer, the authorization request message; and

receiving, at the point of sale terminal from the server computer, an authorization response message containing a decision from the issuer whether to approve or deny the transaction;

wherein the first data track and the second data track are included in a magnetic stripe.

7. The method of claim 6, wherein the payment device identifier is a numeric or alphanumeric string.

8. The method of claim 6, wherein accessing the data corresponding to the payment device identifier and the data identifying the issuer of the payment device is performed through a contactless interface operative to enable communication and data transfer between the payment device and the point of sale terminal.