Dynamic credit card with magnetic stripe and embedded encoder and methods for using the same to provide a copy-proof credit card
First Claim
1. A payment card comprising:
- a first payment card layer;
a magnetic stripe;
a second payment card layer having an aperture, wherein circuitry is provided in said aperture and said first layer is fixed to said second layer;
a third payment card layer fixed to said second layer;
a magnetic stripe writer, wherein said magnetic stripe writer is operable to change data provided on said magnetic stripe; and
a display coupled to said circuitry.
1 Assignment
0 Petitions
Accused Products
Abstract
A dynamic credit card is provided in which a secure credit card number (e.g., a secret/hidden credit card number) is encoded based on a timing signal (e.g., an internal counter) to provide a dynamic credit card number. This dynamic number may be displayed to a user via a display (e.g., so that online purchases can be made) or written onto a magnetic stripe such that the number may be processed by traditional credit card merchants (e.g., swiped). At a remote facility, the dynamic number may be decoded based on time (and/or a counter/key number/equation). Thus, a dynamic credit card number may change continually or periodically (e.g., every sixty seconds) such that credit card numbers may not be copied by thieves and used at later times. A dynamic verification code may also be utilized in addition to, or in lieu of, a dynamic credit card number.
521 Citations
34 Claims
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1. A payment card comprising:
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a first payment card layer; a magnetic stripe; a second payment card layer having an aperture, wherein circuitry is provided in said aperture and said first layer is fixed to said second layer; a third payment card layer fixed to said second layer; a magnetic stripe writer, wherein said magnetic stripe writer is operable to change data provided on said magnetic stripe; and a display coupled to said circuitry. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9)
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10. A method comprising:
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providing a sheet of payment cards comprising; providing a first sheet layer; providing a second layer; providing electronic packages between said first and second layers, wherein each one of said electronic packages includes a battery, processor, and a display, wherein a first surface of said processor is covered by said first layer and a second surface of said processor is covered by said second layer; and cutting said sheet of payment cards into a plurality of payment cards. - View Dependent Claims (11, 12, 13, 14, 15, 16, 17, 18, 19)
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20. A payment card comprising:
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a first payment card layer; a second payment card layer; and an electronics package, wherein said electronics package is provided between said first and second layer, said electronic package includes a display, a battery, a processor, and a device operable to communicate data, based at least in part on control signals from said processor, to a magnetic stripe reader, wherein a first surface of said processor is covered by said first layer and a second surface of said processor is covered by said second layer. - View Dependent Claims (21, 22, 23, 24, 25, 26, 27, 28)
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29. A payment card without a magnetic stripe comprising:
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a first payment card layer; a second payment card layer; and a processor provided between said first payment card layer and said second payment card layer, wherein a first surface of said processor is covered by said first payment card layer and a second surface of said processor is covered by said second payment card layer; and an electronic device operable to communicate to a magnetic stripe reader without said magnetic stripe, wherein said device is provided between said first payment card layer and said second payment card layer. - View Dependent Claims (30, 31, 32, 33, 34)
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Specification