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Method for a Prepaid, Debit and Credit Card Security Code Generation System

  • US 20180039986A1
  • Filed: 08/08/2016
  • Published: 02/08/2018
  • Est. Priority Date: 08/08/2016
  • Status: Abandoned Application
First Claim
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1. A method for generating a security code for a card on a transaction event basis, the card having a display and no internal electrical battery power source, comprising the steps of:

  • (a) during each transaction using the card, performing at least the following;

    (1) interfacing the card with an external electrical power source associated with a delivery device;

    (2) after and while providing electrical power to the card from the external electrical power source, performing at least the following;

    (i) transmitting a request for transaction authorization approval from the card to the delivery device connected to a network;

    (ii) transmitting the request for transaction authorization approval from the delivery device to the network;

    (iii) validating the request for transaction authorization approval by the network;

    (iv) generating a new security code at a generator server and inserting the new security code into a transaction script;

    (v) transmitting the transaction script from the network to the delivery device;

    (vi) transmitting the transaction script from the delivery device to the card; and

    (vii) retrieving the new security code from the script in the card.

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