Dynamic Credit and Check Card

• US 20080071681A1
• Filed: 09/13/2007
• Published: 03/20/2008
• Est. Priority Date: 09/15/2006
• Status: Abandoned Application

• Current Assignee: Atm Shafiqul Khalid
• Original Assignee: Atm Shafiqul Khalid
• Inventors: Khalid, ATM Shafiqul
• Application Number:
  US11/854,545
• Publication Number:
  US 20080071681A1
• Time in Patent Office: Days
• US Class Current: 705/41
• CPC Class Codes: G06Q 20/042 characterized in that the payment protocol involves at least one cheque
• CPC Class Codes: G06Q 20/105 involving programming of a portable memory device, e.g. IC cards, "electronic purses"
• CPC Class Codes: G06Q 20/385 using an alias or single-use codes
• CPC Class Codes: G07F 7/08 by coded identity card or credit card or other personal identification means without personal verification means G07F7/02
• CPC Class Codes: G07F 7/12 Card verification
• CPC Class Codes: G07F 7/122 Online card verification

Abstract

A method is provided here that can make sure that account information used for a transaction at a given time can'"'"'t be reused at a different time. The method attaches a dynamic information generator in place of some static information associated with the account. How the dynamic information can be interpreted at user end and processing end are also outlined here.

Claims

1. A dynamic card system comprising:

a. a dynamic card consisting of a regular card with a means to produce non-static information that changes over time,

b. a Creation method to create dynamic card,

c. a validation method to validate the information coming from dynamic card, thus providing a way to conduct Card transaction making sure that information associated with the card posted for a transaction can'"'"'t be re-used for doing another transaction at a later time.

2. Dynamic card as recited in claim 1 will have at least one user readable display unit.

3. Display unit(s) as recited in claim 2 will generate dynamic information defined as information that changes over time where such dynamic information will be used in place of at least one of the following static information associated with the card to conduct card transaction:

a. Card expiration date,

b. Card Verification code,

c. Few digits in the account number,

d. Any information readable on the card.

4. Dynamic card as recited in claim 1 will consist of a static credit card along with a separate detached unit or separate means that can generate dynamic information that can change over time.

5. Display unit as recited in claim 2 can be pre-programmed with some dynamic characteristics that would allow the unit to display numbers or information that changes over time at a predefined interval.

6. Display unit as recited in claim 2 can display numbers based on manual set where information changes after each manual intervention rather than being changed automatically.

7. Display unit as recited in claim 2 will display number from an internal table that store valid set of information or numbers using some parameters such as starting index, time period to keep information to display, starting time will be part of dynamic properties where another verification method can generate displayed information on the unit using dynamic properties without having the display unit.

8. Display unit as recited in claim 2, can generate number using any electronic circuit which was build using some dynamic properties where another verification method can generate the displayed information separately using the dynamic properties without having the display unit.

9. Creation method as recited in claim 1 will program the display unit by uploading some specific dynamic properties that would uniquely identify the display unit where a separate verification unit having access to those dynamic properties can generate displayed information on the display unit.

10. Creation method as recited in claim 1 will maintain or create another master table that would store table information or circuit properties of all the cards it creates.

11. Creation method as recited in claim 1 might create or import dynamic properties of a card based on some serial number.

12. Validation method as recited in claim 1 will retrieve table or circuit information or dynamic properties for any display unit embedded on a card using card number from a table.

13. Validation method as recited in claim 1 will generate the information displayed on the card display unit(s) at any given time using dynamic properties for the display unit which is called generated dynamic information.

14. After receiving a transaction request, Validation method as recited in claim 1 isolate dynamic information from the transaction info that will include one or more of a) expiration date b) Card verification Code or c) account number or d) any other info on the card, as posted dynamic information.

15. Verification method as recited in claim 1 will match generated dynamic information and posted dynamic information for a transaction and authorize the transaction if they match or decline the transaction if they do not match.

16. Verification method as recited in claim 1, will generate few sets of dynamic information within a specific time window the transaction is about to occur to allow some grace period where any set of generated dynamic information can be matched with the posted dynamic information to allow transaction that can'"'"'t be routed to verification method immediately due to network latency or any other reason.

17. A method to use of element of static account information associated with a regular card or bank account comprising uses of:

a. expire date that changes over time,

b. card verification Code that changes over time,

c. portion of digits in account number that changes over time,

d. portion of check number that is not fixed, to complete financial transaction in such a way to make sure that portion or all information

used in the transaction can'"'"'t be reused for another transaction at a later time.

18. A bank check writing and processing system where some information on the check is filled up with some dynamic information or number coming from another device or source, where such device or source is registered with the account, where integrity of the check information can be verified by a verification method at a later time on the basis that filled information was generated by the device or came from the source on the date the check was signed or written or created.

19. filled up information as recited in claim 18 can be part of account number check numbers or any other information user can legitimately put on the check.

20. Another device or source as recited in claim 18 will represent a dynamic card associated with the account capable of generating numbers where set of generated numbers on a day is different from another day within a specific period or any separate device that can generate dynamic information.