METHOD AND APPARATUS FOR USING AT LEAST A PORTION OF A ONE-TIME PASSWORD AS A DYNAMIC CARD VERIFICATION VALUE
First Claim
1. A credit/debit card able to generate a dynamic card verification value (CVV), the credit/debit card comprising:
- a body the size and shape of a credit/debit card;
a one-time password generator disposed within the body to generate the dynamic CVV;
a display disposed within the body to display the dynamic CVV;
a validation device to authenticate the use of the card as a credit/debit card; and
an indication that the dynamic CVV is to be used as a security code.
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Accused Products
Abstract
Method and apparatus for using at least a portion of a one-time password as a dynamic card verification value (CVV) are disclosed. A credit/debit card is able to generate a dynamic card verification value (CVV). Such a card may also include an indication that the dynamic CVV is to be used as a security code for purchasing or other transactions. A card-based financial transaction can be authorized in accordance with the use of a dynamic CVV by receiving a transaction authorization request for a specific credit/debit card, wherein the transaction authorization request includes a dynamic CVV. The dynamic CVV can be compared to at least a portion of a one-time password generated for the specific credit/debit card, and a transaction authorization can be sent to the merchant or vendor when the dynamic CVV matches all or a portion of the one-time password.
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Citations
30 Claims
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1. A credit/debit card able to generate a dynamic card verification value (CVV), the credit/debit card comprising:
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a body the size and shape of a credit/debit card; a one-time password generator disposed within the body to generate the dynamic CVV; a display disposed within the body to display the dynamic CVV; a validation device to authenticate the use of the card as a credit/debit card; and an indication that the dynamic CVV is to be used as a security code. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8)
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9. A method of authorizing a card-based financial transaction comprising:
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receiving a transaction authorization request for a specific credit/debit card, the transaction authorization request including a dynamic card verification value (CVV); comparing the dynamic CVV to at least a portion of a one-time password generated for the specific credit/debit card; and sending a transaction authorization when the dynamic CVV matches the at least a portion of the one-time password. - View Dependent Claims (10, 11, 12, 13, 14, 15, 16, 17, 18, 19)
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20. Apparatus for authorizing a card-based financial transaction comprising:
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means for receiving a transaction authorization request for a specific credit/debit card, the transaction authorization request including a dynamic card verification value (CVV); means for comparing the dynamic CVV to at least a portion of a one-time password generated for the specific credit/debit card; and means for sending a transaction authorization when the dynamic CVV matches the at least a portion of the one-time password. - View Dependent Claims (21, 22, 23)
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24. A system for authorizing card-based financial transactions comprising:
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a card approval server to receive transaction authorization requests, each for a specific credit/debit card, each including a dynamic card verification value (CVV); an intermediate server to identify the dynamic CVV from a static CVV and to separate the dynamic CVV from credit/debit card data; a database interconnected with the card approval server and the intermediate server to validate the credit/debit card data; and an authentication server interconnected with the intermediate server to compare the dynamic CVV with at least a portion of a one-time password to authenticate the dynamic CVV. - View Dependent Claims (25, 26, 27, 28, 29, 30)
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Specification