METHOD AND SYSTEM FOR GENERATING A DYNAMIC VERIFICATION VALUE
First Claim
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1. A method comprising:
- generating a verification value in response to a transaction involving a portable consumer device, wherein the verification value is generated using a first dynamic data element and a second dynamic data element; and
sending the verification value to a service provider with data in a magnetic stripe data format so that the service provider can verify the verification value.
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Abstract
A method is disclosed. The method includes generating a verification value in response to a transaction involving a portable consumer device, where the verification value is generated using a first dynamic data element and a second dynamic data element. The verification value is sent to a service provider associated with the portable consumer device so that the service provider can verify the transaction.
88 Citations
21 Claims
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1. A method comprising:
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generating a verification value in response to a transaction involving a portable consumer device, wherein the verification value is generated using a first dynamic data element and a second dynamic data element; and sending the verification value to a service provider with data in a magnetic stripe data format so that the service provider can verify the verification value. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9)
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10. A computer readable medium comprising:
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code for generating a verification value in response to a transaction involving a portable consumer device, wherein the verification value is generated using a first dynamic data element and a second dynamic data element; and code for sending the verification value to a service provider with data in a magnetic stripe data format so that the service provider can verify the verification value. - View Dependent Claims (11, 12, 13, 14, 15, 16, 17)
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18. A method comprising:
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receiving a verification value with data in a magnetic stripe data format in response to a transaction involving a portable consumer device, wherein the verification value is generated using a first dynamic data element and a second dynamic data element; and determining if the received verification value matches a verification value at a service provider computer. - View Dependent Claims (19, 20)
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21. A system comprising:
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means for receiving a verification value with data in a magnetic stripe data format in response to a transaction involving a portable consumer device, wherein the verification value is generated using a first dynamic data element and a second dynamic data element; and means for determining if the received verification value matches a verification value at a service provider computer.
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Specification