Method and apparatus for providing real time mutable credit card information and for providing timestamp functionality

US9390407B2 · kind B2 · utility

Assignee

• Bank of America Corporation · US

Inventors

• James G. Ronca · Decatur, US
• Akshaya Negi · Charlotte, US
• Matthew Laine Donlan · Charlotte, US
• Scott Lee Harkey · Concord, US
• Tony England · Tega Cay, US

Key dates

• Filing date: Dec 18, 2015
• Grant date: Jul 12, 2016
• Expiry date: Dec 18, 2035

Classification

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

Abstract

A method for using a smartcard is provided. The smartcard may include a microprocessor chip, a button, a dynamic transaction authorization number, a Bluetooth low energy (“BLE”) device, and a battery. The battery may power the BLE and the microprocessor chip. The smartcard may also include memory. The memory may store the dynamic transaction authorization number. The smartcard may also include a dynamic magnetic strip. The dynamic magnetic strip may include a digital representation of the dynamic transaction authorization number. The method may include pressing the button. The method may also include transmitting an instruction to a smartphone for a request for a dynamic transaction authorization number. The transmission of an instruction may be in response to the pressing of the button. The method may also include receiving a dynamic transaction authorization number from a smartphone.