AUTOMATED CARD INFORMATION EXCHANGE PURSUANT TO A COMMERCIAL TRANSACTION

• US 20120286930A1
• Filed: 05/09/2011
• Published: 11/15/2012
• Est. Priority Date: 05/09/2011
• Status: Active Grant

• Current Assignee: Kim, Moon J.
• Original Assignee: Kim, Moon J.
• Inventors: Kim, Moon J.
• Granted Patent: US 9,165,295 B2
• Time in Patent Office: Days
• US Class Current: 340/5.82
• CPC Class Codes: G06K 19/0728 the arrangement being an optical or sound-based communication interface
• CPC Class Codes: G06Q 20/3278 RFID or NFC payments by means of M-devices
• CPC Class Codes: G06Q 20/40145 Biometric identity checks
• CPC Class Codes: G07F 7/0893 the card reader reading the card in a contactless manner

Abstract

In general, embodiments of the present invention relate to a card and associated methods for automated information (static and dynamic) exchange pursuant to a commercial transaction. In a typical embodiment, the card (e.g., a credit card, a debit card and/or a smart card) comprises an energy component for providing power to the card and a back display (e.g., positioned on the back or magnetic strip side of the card) for displaying card information being used in the commercial transaction. Upon display, a terminal (e.g., a point of sale terminal) will scan/read the card information and generate a corresponding source validation code (SVC). An imager positioned on the back of the card will scan/read the SVC and card validation code (CVC) logic on the card will generate a CVC based on the SVC (e.g., based on a validation result of the SVC). A biometric reader positioned on a front side of the card will take a biometric reading from a user of the card and corresponding user validation code (UVC) logic will generate a UVC based on the biometric reading. The underlying commercial transaction can then be validated (e.g., by a server associated with the terminal or by validation logic on the card itself), a validation result can be displayed on a front display (e.g., positioned on the front side of the card).

Claims

1. A method for automated card information exchange pursuant to a commercial transaction, comprising:

displaying card information on a display positioned on a card being used in the commercial transaction;

transmitting the card information to a terminal associated with the commercial transaction;

receiving a source verification code (SVC) via an imager positioned on the card, the SVC being generated based on the card information;

generating a card validation code (CVC) on the card using the SVC;

generating a user validation code (UVC) pertaining to a validation a of user, the UVC code being generated based on a biometric reading taken via a biometric reader positioned on the card; and

validating the commercial transaction based on the SVC, the CVC, and the UVC.

2. The method of claim 1, further comprising:

aligning the card with the terminal pursuant to the commercial transaction; and

activating power on the card in response to the aligning, prior to the displaying.

3. The method of claim 1, the card information comprising a card number and billing information associated with the card.

4. The method of claim 1, the SVC being generated based upon historical transactional data associated with the card.

5. The method of claim 1, the card being at least one of the following:

a credit card, a debit card, or a smart card.

6. The method of claim 1, the validating occurring on the card.

7. The method of claim 1, the validating occurring on a server associated with the terminal.

8. A card for automated card information exchange pursuant to a commercial transaction, comprising:

an energy component for providing power to the card;

a first display for displaying card information being used in the commercial transaction;

an imager for receiving a source verification code (SVC) from a terminal associated with the commercial transaction, the SVC being generated based on the card information;

card validation code (CVC) logic for generating a CVC based on SVC;

a biometric reader for taking a biometric reading from a user of the card; and

user validation code (UVC) logic for generating a UVC based on the biometric reading.

9. The card of claim 8, further comprising validation logic for generating a validation result based on the SVC, the CVC, and the UVC

10. The card of claim 9, further comprising a second display for displaying the validation result.

11. The card of claim 9, CVC logic, the UVC logic, and the validation logic being enabled by an integrated circuit.

12. The card of claim 8, the energy component comprising a solar panel cell.

13. The card of claim 8, the energy component comprising a photon-to-electric energy converter.

14. The card of claim 8, the SVC being generated based upon historical transactional data associated with the card and the card information displayed via the first display.

15. The card of claim 8, the card being at least one of the following:

a credit card, a debit card, or a smart card.

16. A card for automated card information exchange pursuant to a commercial transaction, comprising:

a first display for displaying card information being used in the commercial transaction to a terminal associated with the commercial transaction;

an imager for receiving a source verification code (SVC) from a terminal associated with the commercial transaction, the SVC being generated based on the card information;

card validation code (CVC) logic for generating a CVC based on SVC;

a biometric reader for taking a biometric reading from a user of the card;

user validation code (UVC) logic for generating a UVC based on the biometric reading;

validation logic for generating a validation result based on the SVC, the CVC, and the UVC; and

a second display for displaying the validation result.

17. The card of claim 16, further comprising an energy component for providing power to the card.

18. The card of claim 16, CVC logic, the UVC logic, and the validation logic being enabled by an integrated circuit.

19. The card of claim 16, the energy component comprising at least one of a solar panel cell, or a photon-to-electric energy converter.

20. The card of claim 16, the card being at least one of the following:

a credit card, a debit card, or a smart card.