FRAUD PREVENTION AND REPLACEMENT OF CREDIT/DEBIT CARDS - LOST, STOLEN, DEFECTIVE OR FRAUDULENTLY USED

• US 20100030677A1
• Filed: 10/08/2009
• Published: 02/04/2010
• Est. Priority Date: 03/08/2008
• Status: Active Grant

• Current Assignee: Linda Malek-Aslanian, Stefan Melik-Aslanian
• Original Assignee: Linda Malek-Aslanian, Stefan Melik-Aslanian
• Inventors: Melik-Aslanian, Stefan, Malek-Aslanian, Linda
• Granted Patent: US 8,805,736 B2
• Time in Patent Office: Days
• US Class Current: 705/35
• CPC Class Codes: G06Q 20/00 Payment architectures, schemes or protocols apparatus for performing or posting payment transactions G07F7/08, G07F19/00; electronic cash registers G07G1/12
• CPC Class Codes: G06Q 20/24 Credit schemes, i.e. "pay after"
• CPC Class Codes: G06Q 20/341 Active cards, i.e. cards including their own processing means, e.g. including an IC or chip
• CPC Class Codes: G06Q 20/342 Cards defining paid or billed services or quantities
• CPC Class Codes: G06Q 20/347 Passive cards
• CPC Class Codes: G06Q 20/354 Card activation or deactivation
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03
• CPC Class Codes: G07F 7/025 by means, e.g. cards, providing billing information at the time of purchase, e.g. identification of seller or purchaser, quantity of goods delivered or to be delivered
• CPC Class Codes: G07F 7/12 Card verification

Abstract

A credit card security system method for preventing fraudulent use, comprising the steps of a credit card provider opening one account with two different card numbers, with a first “main credit card” and a second credit card for a spare. The main credit card is activated by the provider and the spare credit card remains “deactivated”. On a pre-set time basis the credit card provider will automatically upon notice to the customer, deactivate the main card and activate the spare card. If any suspicious or fraudulent transaction is detected by the credit card provider, the main credit card is deactivated. If the transaction is authorized, then the main credit card is re-activated. If the transaction is not authorized, the spare credit card is activated to be used as the main credit card. The credit card provider then replaces the deactivated credit card with a new number and sends a new credit card with the new credit card remaining deactivated.

Claims

1. A credit card use and security system method for use in preventing fraudulent use, the method:

comprising the steps of;

a) a credit card provider opening one account with two different card numbers, with a first card number for a “

main credit card” and

a second card number for a “

spare credit card”

for a customer, with both cards having pre-set expiration dates;

b) the credit card provider sending two credit cards with the pre-set expiration dates, to the customer, the two credit cards comprising a main credit card, which is activated by the provider upon confirmation of receipt by the customer, and a spare credit card, which remains “

deactivated”

;

c) the credit card provider sends a notice to the customer after a set period of time informing the customer that the spare credit card will be activated and the main credit card will be deactivated at a set time period sufficient to give the customer time to call the card provider to confirm the spare card activation and main card deactivation;

d) if the customer fails to call, both cards is deactivated until the customer calls to confirm activation;

e) if the customer calls the credit card provider to confirm the activation and deactivation of the spare credit card and main credit card respectively as in paragraph c, the main credit card is deactivated, and optionally set as a new deactivated spare credit card and the original spare credit card, is activated, to become a new main credit card;

f) the credit card provider repeats the process of paragraphs c through e until both cards expire at the respective pre-set expiration dates.

2. A credit card use and security system method comprising the steps of:

a) a credit card provider opening one account with two different card numbers, with a first card number for a “

main credit card” and

a second card number for a “

spare credit card”

for a customer;

b) the credit card provider sending the main credit card and the spare credit card, to the customer, the main credit card is activated by the provider upon confirmation of receipt by the customer, and the spare credit card remains “

deactivated”

;

c) if any suspicious or fraudulent transaction is detected by the credit card provider, the main credit card is deactivated.

d) if the transaction is authorized by the customer, then the main credit card is activated again;

e) if the transaction is not authorized by the customer;

a. the spare credit card is activated to be used as the main credit card;

b. the credit card provider then replaces the deactivated credit card (main credit card) with a new number and sends a new credit card (new spare credit card) to the customer with the new credit card (new spare credit card) remaining deactivated.

3. A credit card use and security system method comprising the steps of:

a) a credit card provider opening one account with two different card numbers, with a first card number for a “

main credit card” and

a second card number for a “

spare credit card”

for a customer;

b) the credit card provider sending the main credit card and the spare credit card, to the customer, the main credit card is activated by the provider upon confirmation of receipt by the customer, and the spare credit card remains “

deactivated”

;

c) if the main credit card is defective and cannot be used, the main credit card is deactivated and the spare credit card is activated to be used as the main credit card;

d) the credit card provider then replaces the deactivated defective credit card (main credit card) with a new number and sends a new credit card (new spare credit card) to the customer with the new credit card (new spare credit card) remaining deactivated.