METHODS AND SYSTEMS FOR FINANCIAL TRANSACTION CARD SECURITY

• US 20090132425A1
• Filed: 11/20/2007
• Published: 05/21/2009
• Est. Priority Date: 11/20/2007
• Status: Abandoned Application

• Current Assignee: Mastercard International Incorporated (MasterCard Incorporated)
• Original Assignee: Mastercard International Incorporated (MasterCard Incorporated)
• Inventors: Triplett, Ryan, Hogan, Peter P.
• Application Number:
  US11/943,464
• Publication Number:
  US 20090132425A1
• Time in Patent Office: Days
• US Class Current: 705/76
• CPC Class Codes: G06Q 20/04 Payment circuits
• CPC Class Codes: G06Q 20/347 Passive cards
• CPC Class Codes: G06Q 20/3821 Electronic credentials
• 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 30/06 Buying, selling or leasing transactions
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03
• CPC Class Codes: G07F 7/1066 PIN data being compared to data on card
• CPC Class Codes: G07F 7/1075 PIN is checked remotely

Abstract

A financial transaction card having a front side and a back side is provided and further includes a magnetic strip configured to retain data associated with a financial transaction card account, where the account is associated with the card, and a character grid printed on one of the front side and the back side. A method for securing transactions that are not made in person utilizing a financial transaction card are also provided.

Claims

1. A financial transaction card comprising a front side and a back side, said financial transaction card further comprising:

a magnetic strip configured to retain data associated with a financial transaction card account, the account associated with said card; and

a character grid printed on one of said front side and said back side.

2. A financial transaction card according to claim 1 wherein said character grid comprises a plurality of rows and a plurality of columns forming a plurality of character fields.

3. A financial transaction card according to claim 2 wherein said character fields each comprise a character printed therein.

4. A financial transaction card according to claim 3 wherein said characters are randomly generated for printing onto said financial transaction card.

5. A financial transaction card according to claim 3 wherein said characters within said character grid are associated with an account number associated with said financial transaction card.

6. A financial transaction card according to claim 1 wherein said financial transaction card comprises at least one of a credit card, a debit card, a stored value card, a gift card, a prepaid card, and a private label card.

7. A financial transaction card according to claim 1 wherein said character grid is associated with a cardholder registered with a network associated with said financial transaction card.

8. A financial transaction card according to claim 1 wherein said character grid comprises a plurality of character fields, a content for each said character field printed on said card and stored at a network associated with said financial transaction card.

9. A method for securing transactions that are not made in person, utilizing a financial transaction card and an input device, the financial transaction card including a two-dimensional character grid of character fields each having a character printed therein, said method comprising:

entering, into the input device, a user identification and password that are associated with the financial transaction card;

receiving a prompt that requests the cardholder to enter the characters associated with a number of character fields in the character grid printed on the financial transaction card; and

entering the characters printed within the requested character fields into the input device.

10. A method according to claim 9 wherein receiving a prompt comprises requesting entry of characters printed within the character grid for a plurality of row and column combinations.

11. A method according to claim 9 further comprising associating characters within the character grid with the financial transaction card and respective financial transaction card account.

12. A method according to claim 9 wherein receiving a prompt comprises receiving a prompt to enter a number of characters from the character grid that correspond to row and column locations of the character grid, the row and column locations randomly selected by a host computer.

13. A network-based system for securing financial transaction card account transactions, the transactions including those made independently by customers over a financial transaction card network, said system comprising:

a plurality of financial transaction cards each comprising a character grid of character fields printed on at least one of a front side and a back side of said card, said character fields each having an individual character printed therein;

a client system comprising a browser;

a database for storing information; and

a server system configured to be coupled to said client system and said database, said server system further configured to;

store within said database a plurality of said character grids, each character grid representative of a character grid printed on a respective one of said financial transaction cards;

upon receipt of a user identifier and password from a potential customer for a specific one of said financial transactions cards, cause said client system to prompt the potential customer to enter the characters associated with a number of specific character grid locations as printed on the specific said financial transaction card;

upon receipt of characters from said client system, compare the received characters to determine if they match the corresponding characters for the individual said financial transaction card stored within said database.

14. A system according to claim 13 wherein the prompt from said client system comprises a plurality of row and column locations within the character grid.

15. A system according to claim 13 wherein said server system is configured to randomly generate characters for printing onto said character fields of said financial transaction card.

16. A system according to claim 13 wherein said server system is configured to associate said characters within said character grid on said financial transaction card with an account number also associated with said financial transaction card.

17. A system according to claim 13 wherein said plurality of financial transaction cards comprises at least one of credit cards, debit cards, stored value cards, gift cards, prepaid cards, and private label cards.