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ENHANCED CREDIT CARD SECURITY APPARATUS AND METHOD

  • US 20120143754A1
  • Filed: 12/05/2011
  • Published: 06/07/2012
  • Est. Priority Date: 12/03/2010
  • Status: Abandoned Application
First Claim
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1. A method of verification comprising:

  • providing a financial card comprising a computer readable storage medium embedded therein;

    providing a dynamic portion of the computer readable storage medium as a computer writable medium;

    designating the dynamic portion as the storage location of a dynamic code to be selectively read from and written to the computer readable storage medium;

    receiving, by an issuer computer corresponding to an issuer of the financial card, transaction information from a first transaction in which the information from the financial card is presented as a form of payment;

    receiving, by the issuer computer, a first value of the dynamic code stored in the dynamic portion;

    verifying, by the issuer computer, the authenticity of the first transaction based at least in part on the receiving the first value;

    deleting, by the issuer computer, the first value after the verifying; and

    writing, by the issuer computer, a second value of the dynamic code to the dynamic portion.

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