SYSTEM AND METHOD FOR COMPARING ELECTRONIC TRANSACTION RECORDS FOR ENHANCED SECURITY

• US 20160203478A1
• Filed: 01/14/2015
• Published: 07/14/2016
• Est. Priority Date: 01/14/2015
• Status: Abandoned Application

• Current Assignee: Tactilis Pte. Limited
• Original Assignee: Tactilis Sdn. Bhd. (Tactilis Pte. Limited)
• Inventors: Gardiner, Michael, Canzi, Adriano
• Application Number:
  US14/596,472
• Publication Number:
  US 20160203478A1
• Time in Patent Office: Days
• US Class Current: 1/1
• CPC Class Codes: G06Q 20/20 Point-of-sale [POS] network systems
• CPC Class Codes: G06Q 20/322 Aspects of commerce using mobile devices [M-devices]
• 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 20/3674 involving authentication
• CPC Class Codes: G06Q 20/382 insuring higher security of transaction
• CPC Class Codes: G06Q 20/40145 Biometric identity checks

Abstract

A system and method for enhancing security of a new transaction involving a portable transaction device by reconciling electronic transaction records is described. The method comprises receiving a first record of one or more previous electronic transactions involving the electronic portable transaction device from a first storage device; receiving a second record of one or more previous electronic transactions involving the electronic portable device from a second storage device; comparing the first record and the second record; and providing an indication of a match between the first record and the second record.

Claims

1. A method of enhancing security of a new electronic transaction involving an electronic portable transaction device, the method comprising:

(a) receiving a first record of one or more previous electronic transactions involving the electronic portable transaction device from a first storage device;

(b) receiving a second record of one or more previous electronic transactions involving the electronic portable device from a second storage device;

(c) comparing the first record and the second record; and

(d) providing an indication of a match between the first record and the second record.

2. The method of claim 1, wherein the electronic portable transaction device is a smart card.

3. The method of claim 1, wherein the electronic portable transaction device is a mobile terminal.

4. The method of claim 1, wherein the new electronic transaction comprises a financial transaction.

5. The method of claim 1, wherein the new electronic transaction comprises an access control transaction.

6. The method of claim 1 further comprising:

performing a token-based authentication; and

performing the step (d) if the token-based authentication is also successful.

7. The method of claim 1 further comprising:

performing a biometric authentication; and

performing the steps (a)-(d) if the biometric authentication is successful.

8. The method of claim 1, wherein the steps (a)-(d) are performed at the electronic portable transaction device.

9. The method of claim 1, wherein the steps (a)-(d) are performed at a transaction processing system.

10. The method of claim 9, wherein the transaction processing system is a payment processing system.

11. The method of claim 1, wherein the steps (a)-(d) are performed at an interface device for facilitating communication between the electronic portable device and a transaction processing system.

12. The method of claim 11, wherein the transaction processing system is a payment processing system and the interface device is a point of sale terminal.

13. The method of claim 1, wherein the first storage device is located at the electronic portable transaction device, and the second storage device is located at a transaction processing system.

14. The method of claim 1, wherein the first storage device is located at the electronic portable transaction device, and the second storage device is located at an interface device for facilitating communication between the electronic portable device and a transaction processing system.

15. The method of claim 1, further comprising receiving a request for authentication of the electronic portable transaction device.

16. A device for enhancing security of a new electronic transaction involving an electronic portable transaction device, the device comprising:

a processor configured to execute a program configured to;

receive from a first storage device a first record of one or more previous transactions involving the electronic portable transaction device,

receive from a second storage device a second record of one or more previous transactions involving the electronic portable transaction device,

compare the first record to the second record, and

provide an indication of a match between the first record and the second record; and

a memory configured to store the program.

17. The device of claim 16, wherein the electronic portable transaction device is a smart card.

18. The device of claim 17, wherein the processor and the memory are part of the smart card.

19. The device of claim 17, wherein the smart card further comprises a set of contact pads configured to engage with a set of contact pads at a point of sale terminal.

20. The device of claim 16, wherein the electronic portable transaction device further comprises a transceiver configured to engage in wireless data communication with a point of sale terminal.

21. The device of claim 16, wherein the electronic portable transaction device portable further comprises a biometric authentication module.

22. The device of claim 21, wherein the processor is configured to provide the indication after receiving a notification indicative of a successful authentication from the biometric authentication module.