DYNAMIC CREDIT CARD WITH MAGNETIC STRIPE AND EMBEDDED ENCODER AND METHODS FOR USING THE SAME TO PROVIDE A COPY-PROOF CREDIT CARD
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Accused Products
Abstract
A dynamic credit card is provided in which a secure credit card number (e.g., a secret/hidden credit card number) is encoded based on a timing signal (e.g., an internal counter) to provide a dynamic credit card number. This dynamic number may be displayed to a user via a display (e.g., so that online purchases can be made) or written onto a magnetic stripe such that the number may be processed by traditional credit card merchants (e.g., swiped). At a remote facility, the dynamic number may be decoded based on time (and/or a counter/key number/equation) or the facility may have the secure number and perform the same function as the dynamic credit card (e.g., encode using time data as a parameter to the encoding equation) and compare the resultant dynamic number to the dynamic number received. Thus, a dynamic credit card number may change continually or periodically (e.g., every sixty seconds) such that credit card numbers may not be copied by thieves and used at later times. A dynamic verification code may be utilized in addition to, or in lieu of, a dynamic credit card number.
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Citations
25 Claims
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1-16. -16. (canceled)
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17. A method comprising:
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receiving first information indicative that a credit card is a dynamic credit card;
receiving second information indicative of a dynamic credit card number; and
decoding said dynamic credit card number as part of validating a credit card purchase.
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18. A method comprising:
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providing a first sheet;
providing a plurality of electronics packages;
providing a second sheet;
fixing said first sheet to said second sheet to form a credit card sheet, wherein said plurality of electronics packages is provided between said first sheet and said second sheet;
cutting said credit card sheet into a plurality of credit cards; and
programming each one of said plurality of credit cards. - View Dependent Claims (19, 20, 21)
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22. A method comprising:
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receiving information indicative that a credit card is a dynamic credit card;
receiving dynamic information in the form of a dynamic expiration date, dynamic credit card number, and a dynamic verification code. - View Dependent Claims (23, 24, 25)
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Specification