Display payment card with fraud and location detection
US8104679B2 · kind B2 · utility
Assignee
Inventor
Key dates
| Filing date | Jun 8, 2009 |
| Grant date | Jan 31, 2012 |
| Priority date | — |
| Expiry date | Jan 5, 2030 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG07F7/1008
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A payment card comprises a display to support card-not-present transactions where no card reader is available to automate the transaction, and an account number retrieval method for dynamic, one-time use virtual account numbers whose use can assist authorities in rapid fraud and location detection. The account number generator is able to produce a sequence of virtual account numbers over its life that are predictable by the issuing bank and useful in authenticating transactions. A server for the issuing bank logs the merchant locations associated with each use or attempted use, and provides real-time detection of fraudulent attempts to use a virtual account number outside the predicted set. Fraud identification efforts can then be directed in a timely and useful way.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.