Dynamic card verification values and credit transactions

• US 8,567,670 B2
• Filed: 03/26/2010
• Issued: 10/29/2013
• Est. Priority Date: 03/27/2009
• Status: Active Grant

• Current Assignee: Aura Sub, LLC
• Original Assignee: Intersections Incorporated (Aura Sub, LLC)
• Inventors: Stanfield, Michael, Tsantes, George, Vacca, Joseph
• Primary Examiner(s): Lee, Michael G
• Assistant Examiner(s): Mikels, Matthew
• Application Number:
  US12/732,349
• Publication Number:
  US 20100258625A1
• Time in Patent Office: 1,313 Days
• Field of Search: 235/375, 235/380, 705 35- 45
• US Class Current: 235/380
• CPC Class Codes: G06Q 20/24 Credit schemes, i.e. "pay after"
• 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 20/385 using an alias or single-use codes
• CPC Class Codes: G06Q 20/4018 using the card verification value [CVV] associated with the card
• CPC Class Codes: G07F 7/10 together with a coded signal , e.g. in the form of personal identification information, like personal identification number [PIN] or biometric data
• CPC Class Codes: G07F 7/12 Card verification

Abstract

A system and method for providing card verification values for card-not-present transactions is described. In one example, a user'"'"'s computing device stores single-use CVVs to be provided from a secure wallet. The secure wallet may be software running on the user'"'"'s computing device. Alternatively, it may be an external device connectable to the user'"'"'s computing device, which accesses the external device to obtain the single-use CVV.

Claims

1. A process for providing a card verification value comprising:

storing a plurality of card verification values as received from a card issuer, the plurality of card verifications values designated as new;

authenticating a user to a processor;

selecting one of the new card verification values;

designating the selected card verification value as used; and

sending the selected card verification value to a merchant along with credit card information pertaining to a purchase.

2. The process according to claim 1, wherein authenticating includes receiving and checking user input to verify the user is an authorized user of a card.

3. The process according to claim 1, further comprising:

displaying generic information on a user interface in place of the selected card verification value.

14. The process according to claim 1, further comprising:

refreshing the used credit card verification values by replacing the used credit card verification values with new credit card verification values.

4. A process for providing credit card verification value comprising:

storing a plurality of credit card verification values as received from a card issuer, the plurality of card verifications values designated as new;

authenticating a user to a processor;

selecting one of the new credit card verification values;

designating the selected card verification value as used; and

sending the selected card verification value to a user interface configured to display the selected card verification value to a user.

5. The process according to claim 4, wherein authenticating includes receiving and checking user input to verify the user is an authorized user of a card.

6. A computer-implemented process for providing a card verification value associated with a credit card relating to a credit account of a user, the credit card having a credit card number, the process comprising:

receiving a plurality of card verification values from a computer system of a card issuer, the plurality of card verifications values designated as new;

storing in a memory of computing device associated with the user the new card verification values;

receiving user input;

authenticating the user to the computing device via a processor of the computing device;

selecting one of the new card verification values stored in the memory;

designating the selected card verification value as used; and

sending the selected card verification value to a computer system of a merchant along with the credit card number.

7. The computer-implemented process according to claim 6, wherein sending the selected card verification value includes sending identification information of the user.

8. The computer-implemented process according to claim 6, further comprising:

displaying generic information on a display of the computing device in place of the selected card verification value.

9. The computer-implemented process according to claim 6, wherein the memory is readily detachable from the computing device.

10. The computer-implemented process according to claim 6, wherein the memory is part of the computing device.

15. The computer-implemented process according to claim 6, further comprising:

refreshing the used credit card verification values by replacing the used credit card verification values with new credit card verification values.

11. A computer-implemented process for providing a card verification value associated with a credit card relating to a credit account of a user, the credit card having a credit card number, the process comprising:

receiving a plurality of credit card verification values from a computer system of a card issuer, the plurality of card verifications values designated as new;

storing in a memory of computing device associated with the user the new credit card verification values;

receiving user input;

authenticating the user to the computing device via a processor of the computing device;

selecting one of the new credit card verification values stored in the memory;

designating the selected card verification value as used; and

sending the selected credit card verification value to a display of the computing device to display the selected card verification value to a user.

12. The computer-implemented process according to claim 11, wherein the memory is readily detachable from the computing device.

13. The computer-implemented process according to claim 11, wherein the memory is part of the computing device.