Method and system for generating a dynamic verification value

US8087582B2 · kind B2 · utility

Inventors

• Ayman Hammad · Pleasanton, US
• Patrick Faith · Pleasanton, US
• Christian Aabye · Foster City, US
• Jagdeep Singh Sahota · Rodeo, US

Key dates

• Filing date: May 10, 2010
• Grant date: Jan 3, 2012
• Expiry date: May 10, 2030

Classification

• Technology area (CPC G): Physics
• CPC primary: G07F7/1008
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A method is disclosed. The method includes generating a verification value in response to a transaction involving a portable consumer device, where the verification value is generated using a first dynamic data element and a second dynamic data element. The verification value is sent to a service provider associated with the portable consumer device so that the service provider can verify the transaction.