CREDIT CARD RANDOMLY GENERATED PIN

• US 20170140379A1
• Filed: 11/17/2015
• Published: 05/18/2017
• Est. Priority Date: 11/17/2015
• Status: Abandoned Application

• Current Assignee: Bruce D. Deck
• Original Assignee: Bruce D. Deck
• Inventors: DECK, BRUCE D.
• Application Number:
  US14/944,000
• Publication Number:
  US 20170140379A1
• Time in Patent Office: Days
• CPC Class Codes: G06Q 20/34 using cards, e.g. integrated circuit [IC] cards or magnetic cards
• CPC Class Codes: G06Q 20/4012 Verifying personal identification numbers [PIN]
• CPC Class Codes: G07F 7/1091 Use of an encrypted form of the PIN

Abstract

The present invention relates to systems and methods of randomly generating a Personal Identification Number (“PIN”) for a credit or debit card. A smart phone or other mobile device generates the PIN. The PIN number is required to be generated before a credit or debit card transaction is approved by the issuing authority.

Claims

1. A method of randomly generating a dynamic personal identification number comprising:

a mobile device randomly generates said dynamic personal identification number upon being prompted by a user;

said personal identification number is used to authenticate a single credit card or debit card transaction;

said personal identification number expires if not used within a predetermined time period; and

said credit card or debit card can not be used for any transaction lacking said dynamic personal identification number.

2. The method of claim 1 further comprising a user manually entering said personal identification number in order to transact an internet credit card or debit transaction.

3. The method of claim 1 further comprising a user manually entering said personal identification number into a keypad in order to enter into a credit card or debit card transaction.

4. The method of claim 1 wherein said mobile device transmits said personal identification number to the authority issuing said credit card or debit card.

5. The method of claim 1 wherein said mobile device is a smart phone.

6. The method of claim 1 wherein said mobile device is an electronic notebook.

7. A system wherein an application is installed on a mobile device for randomly generating a dynamic personal identification number comprising:

said application is downloaded onto a mobile device;

said mobile device randomly generates said dynamic personal identification number upon being prompted by a user;

said dynamic personal identification number is used to authenticate a single credit card or debit card transaction;

said dynamic personal identification number expires if not used within a predetermined time period; and

said credit card or debit card can not be used for any transaction lacking said dynamic personal identification number.

8. The system of claim 7 further comprising a user manually entering said dynamic personal identification number in order to transact an internet credit card or debit transaction.

9. The system of claim 7 further comprising a user manually entering said dynamic personal identification number into a keypad in order to enter into a credit card or debit card transaction.

10. The system of claim 7 wherein said mobile device transmits said dynamic personal identification number to the authority issuing said credit card or debit card.

11. The system of claim 7 wherein said mobile device is a smart phone.

12. The system of claim 7 wherein said mobile device is an electronic notebook.