System and method for secure card with on-board verification

• US 8,851,370 B2
• Filed: 01/02/2013
• Issued: 10/07/2014
• Est. Priority Date: 01/02/2013
• Status: Active Grant

• Current Assignee: JP Morgan Chase Bank, N.A. (JP Morgan Chase & Co)
• Original Assignee: JP Morgan Chase Bank, N.A. (JP Morgan Chase & Co)
• Inventors: DiMuro, Jeffrey D.
• Primary Examiner(s): Savusdiphol, Paultep
• Application Number:
  US13/732,704
• Publication Number:
  US 20140183258A1
• Time in Patent Office: 643 Days
• Field of Search: 235/492, 235/487, 235/380
• US Class Current: 235/380
• 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 20/3572 Multiple accounts on card
• CPC Class Codes: G06Q 20/3821 Electronic credentials
• CPC Class Codes: G06Q 20/4012 Verifying personal identification numbers [PIN]
• CPC Class Codes: G06Q 20/40145 Biometric identity checks
• CPC Class Codes: G07F 7/0846 On-card display means
• CPC Class Codes: G07F 7/0853 On-card keyboard means

Abstract

Systems and methods for secure cards with on-board verification are disclosed. In one embodiment, a transaction device associated with at least one transaction account may have a substrate comprising a display that displays an account identifier for the transaction account; a sensor that receives authentication information from a user; a processor that processes the authentication information to verify the authenticity of the user; and a communicator that communicates at least the account information, the communicator including at least one of a magnetic stripe, an electrical interface, and a wireless RF interface. The display may not display the account identifier until the user is authenticated, and the communicator may be inactive to communicate the account information until the user is authenticated.

Claims

1. A method of using a transaction device, comprising:

a transaction device receiving first authentication information from a user;

retrieving, from a memory of the transaction device, stored authentication information for the user;

at least one computer processor of the transaction device verifying the authenticity of the user by comparing the first authentication information with the stored authentication information;

the transaction device receiving, from a point of sale device, transaction data;

the at least one computer processor determining that additional user authentication is necessary based on the transaction data;

displaying on the display a request for second authentication information from the user;

receiving the second authentication information from the user; and

the at least one computer processor verifying the second authentication information; and

after the first and second authentication information are verified, activating at least one of the magnetic stripe, the electrical interface, and the wireless RF interface to communicate the account information.

2. The method of claim 1, wherein the account identifier comprises an account number.

3. The method of claim 2, further comprising:

receiving, from a point of sale device, transaction data;

communicating, to an approval authority, the transaction data;

receiving, from the approval authority, a requirement for additional authentication;

displaying on the display a request for second authentication information from the user;

receiving the second authentication information from the user; and

the computer processor verifying the second authentication information.

4. The method of claim 3, further comprising:

communicating the authentication information to a third party if the authentication information does not match the stored authentication information.

5. The method of claim 3, further comprising:

recording an image or video of the user if the authentication information does not match the stored authentication information.

6. The method of claim 3, further comprising:

transmitting, to a point of sale device, a request to record an image or video of the user if the authentication information does not match the stored authentication information.

7. The method of claim 3, further comprising:

disabling the transaction device if the authentication information does not match the stored authentication information.

8. The method of claim 1, wherein the account is a credit account, and the account identifier comprises a credit account number.

9. The method of claim 1, wherein the authentication information comprises a biometric from the user.

10. The method of claim 1, wherein an account identifier for a transaction account associated with the user is displayed on the display after the first and second authentication information are verified.