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
14 Claims
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1-9. -9. (canceled)
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10. A method comprising:
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receiving a dynamic credit card number associated with a period of time; detecting a timing error associated with said received dynamic credit card number; and readjusting a decoding scheme used to decode dynamic credit card numbers.
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11. A credit card comprising:
a manual button, wherein said manual button is utilized, a dynamic credit card number is provided based on said utilized manual button, and a credit card purchase is authorized based on said dynamic credit card number.
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12. A method for an online store comprising:
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receiving a dynamic credit card number from a credit card; decoding said dynamic credit card number; and providing said decoded dynamic credit card number to a remote facility for validation.
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13. A method comprising:
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receiving account identification information and a dynamic credit card number, wherein said dynamic credit card number is associated with a period of time; and utilizing said identification information to identify an account and verify said dynamic credit card number for said account for said period of time.
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14. A credit card comprising:
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a plurality of dynamic credit card numbers, wherein each dynamic credit card number is operable to be utilized in a credit purchase. a display screen, wherein said display screen displays the status of whether all of said dynamic credit card numbers for said credit card have been exhausted.
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Specification