Verification Error Reduction System

• US 20080065553A1
• Filed: 06/18/2007
• Published: 03/13/2008
• Est. Priority Date: 06/19/2006
• Status: Abandoned Application

• Current Assignee: Visa USA, Inc. (Visa, Inc.)
• Original Assignee: Visa USA, Inc. (Visa, Inc.)
• Inventors: Faith, Patrick, Hammad, Ayman
• Application Number:
  US11/764,370
• Publication Number:
  US 20080065553A1
• Time in Patent Office: Days
• US Class Current: 705/64
• CPC Class Codes: G06Q 20/085 involving remote charge determination or related payment systems
• CPC Class Codes: G06Q 20/105 involving programming of a portable memory device, e.g. IC cards, "electronic purses"
• CPC Class Codes: G06Q 20/20 Point-of-sale [POS] network systems
• 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 20/367 involving electronic purses or money safes
• CPC Class Codes: G06Q 20/3672 initialising or reloading thereof
• CPC Class Codes: G06Q 20/3674 involving authentication
• CPC Class Codes: G06Q 20/382 insuring higher security of transaction
• CPC Class Codes: G06Q 20/3821 Electronic credentials
• CPC Class Codes: G06Q 20/3829 involving key management
• CPC Class Codes: G06Q 20/385 using an alias or single-use codes
• 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 20/401 Transaction verification
• CPC Class Codes: G06Q 2220/00 Business processing using cryptography
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: H04L 2209/56 Financial cryptography, e.g. electronic payment or e-cash
• CPC Class Codes: H04L 9/3271 using challenge-response

Abstract

A method is disclosed. The method includes a) receiving a dynamic data element and a first verification value derived from the dynamic data element, wherein the first verification value is generated in response to a transaction conducted using a portable consumer device, b) determining if the dynamic data element is within a predetermined range, c) if the dynamic data element is within the predetermined range, generating a second verification value, d) determining if the second verification value matches the first verification value, or if the second verification value is otherwise acceptable, and e) initiating the approval the transaction if the second verification value matches the first verification value.

Claims

1. A method comprising:

a) receiving a dynamic data element and a first verification value derived from the dynamic data element, wherein the first verification value is generated in response to a transaction conducted using a portable consumer device;

b) determining if the dynamic data element is within a predetermined range;

c) generating a second verification value;

d) determining if the second verification value matches the first verification value, or if the second verification value is otherwise acceptable; and

e) initiating the approval the transaction if the second verification value matches the first verification value, or if the second verification value is otherwise acceptable.

2. The method of claim 1 wherein the dynamic data element is a counter value and wherein the predetermined range is a predetermined counter range.

3. The method of claim 2 wherein the predetermined counter range is between 2 and 10.

4. The method of claim 1 wherein the portable consumer device is a card.

5. The method of claim 1 wherein the portable consumer device is a phone.

6. The method of claim 1 a)-d) are performed by a service provider computer.

7. The method of claim 1 wherein initiating the approval includes approving the transaction or sending a message to an issuer who subsequently approves the transaction.

8. The method of claim 1 wherein the transaction is a purchase transaction.

9. The method of claim 1 wherein the predetermined range is less than 5.

10. The method of claim 1 wherein the verification value is 4 digits or less.

11. A computer readable medium comprising:

code for receiving a dynamic data element and a first verification value derived from the dynamic data element, wherein the first verification value is generated in response to a transaction conducted using a portable consumer device;

code for determining if the dynamic data element is within a predetermined range;

code for generating a second verification value;

code for determining of the second verification value matches the first verification value, or if the second verification value is otherwise acceptable; and

code for initiating the approval of the transaction if the second verification value matches the first verification value, or if the second verification value is otherwise acceptable.

12. The computer readable medium of claim 11 wherein the dynamic data element is a counter value and wherein the predetermined range is a predetermined counter range.

13. The computer readable medium of claim 12 wherein the predetermined counter range is between 2 and 10.

14. The computer readable medium of claim 11 wherein the portable consumer device is a card.

15. A computer comprising the computer readable medium of claim 11.

16. The computer of claim 15 wherein the dynamic data element is a counter value.

17. The computer apparatus of claim 15 wherein the predetermined counter range is between 2 and 10.