Anti-skimming solution
US10262505B1 · kind B1 · utility
Assignee
Inventors
Key dates
| Filing date | Dec 3, 2013 |
| Grant date | Apr 16, 2019 |
| Priority date | — |
| Expiry date | Apr 18, 2037 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG07F19/2055
- WIPO fieldControl
- WIPO sectorInstruments
Abstract
Methods for securing financial transactions using dynamic PINs without requiring updates to existing banking cards or existing infrastructure at acquiring institutions. The use of a dynamic PIN may be selectively enabled for a subset of banking cards or for a particular banking card when circumstances require use of the dynamic PIN. A dynamic PIN may be required for performing a financial transaction, such as making an online purchase, if an account associated with a banking card has a particular credit limit greater than a threshold or if a suspicious transaction history has been detected (e.g., large out-of-state purchases have recently been made). A dynamic PIN may be required based on a time of day or location associated with the financial transaction (e.g., if the financial transaction is being initiated within a particular foreign country).
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.