System, method, and apparatus for a dynamic transaction card

US10657520B2 · kind B2 · utility

Assignee

• CAPITAL ONE SERVICES, LLC · US

Inventors

• James Zarakas · Centreville, US
• Theodore Markson · Reston, US
• Adam Koeppel · Washington, US
• Kevin Kelly · Austin, US
• Brian Briggman · Arlington, US
• Saleem Sangi · McLean, US
• David Wurmfeld · Fairfax, US
• Tyler Locke · Communipaw, US
• Karla Escalante · Arlington, US

Key dates

• Filing date: Jul 10, 2019
• Grant date: May 19, 2020
• Expiry date: Jul 10, 2039

Classification

• Technology area (CPC G): Physics
• CPC primary: G09B21/008
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A dynamic transaction card and methods for providing improved security during transactions are described. The dynamic transaction card can attempt to connect wirelessly to a mobile device. The dynamic transaction card can then send a transaction request to a backend system, including whether the connection to the mobile device was successful. The backend system can then calculate a fraud score based on the connection response, among other things. The backend system may approve or deny the transaction request from the dynamic transaction card based on the fraud score.