Systems methods and devices for increasing security when using smartcards
US12229749B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | Nov 4, 2020 |
| Grant date | Feb 18, 2025 |
| Priority date | — |
| Expiry date | Apr 18, 2041 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q20/409
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
Provided are systems, methods and devices for increasing security in a financial transaction when using a smartcard. The system includes a smartcard for payment in a financial transaction, the smartcard having a memory for storing a first actuation sequence for confirming a user's identity; wherein the smartcard has a checking module that authorizes the transaction only when a second actuation sequence is identical to the first actuation sequence stored in the memory; a point of sale terminal for recording payment details from the smartcard once the financial transaction is authorized and transmitting a request for payment through a network to a financial institution according to the payment details; and a financial institution authorizing computer for allowing recording of an actuation sequence on the smartcard and making payment to the owner of the point of sale terminal once the transaction is authorized, according to the payment details.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.