System, method, and apparatus for updating an existing dynamic transaction card

Patent metadata

Field	Value
Publication number	US-10489774-B2
Application number	US-201615098730-A
Country	US
Kind code	B2
Filing date	Apr 14, 2016
Priority date	Oct 17, 2011
Publication date	Nov 26, 2019
Grant date	Nov 26, 2019

Abstract

A system for securely updating an electronic transaction card held by an account holder with an additional account and/or account data. A dynamic transaction card may be securely updated with an additional account by using pre-stored shell data and/or inactive data, whereby the pre-stored shell data may be populated using data received from an issuer system and/or the inactive data may be activated via an activation signal received from an issuer system. A backend server may determine, via a fraud determination, expiration determination, and/or user-request, that new account data should be transmitted to an account holder. The dynamic transaction card may receive the data associated with a notification, update a display, instruct an EMV applet to use a key associated with a received EMV key identifier for signatures, and/or update any additional data stored on the dynamic transaction card.

First claim

The invention claimed is:

1. A dynamic transaction card comprising:
an energy storage device that provides power to the dynamic transaction card;
an antenna that enables an account holder mobile device to connect to the dynamic transaction card;
an integrated circuit in communication with a microprocessor for conducting secure transactions, wherein the microprocessor includes inactive account data and an inactive encryption key that, upon receiving an activation signal from the account holder mobile device via the antenna, executes a pre-loaded script to activate the inactive account data and the inactive encryption key thereby creating active account data and an active encryption key, sends a request to the account holder mobile device for updated data with respect to the active account data and the active encryption key, and receives the updated data from the account holder mobile device; and
data storage storing pre-stored account data that associates multiple accounts related to multiple financial institutions with the dynamic transaction card.

2. The dynamic transaction card of claim 1 , further comprising a display that includes a dot matrix display, one or more LED lights, one or more OLED lights, electronic paper, Mirasol, TF LCD, and/or Quantum Dot Display.

3. The dynamic transaction card of claim 2 , wherein the active account data is used to populate the display.

4. The dynamic transaction card of claim 2 , wherein the display is altered based on received transaction data.

5. The dynamic transaction card of claim 2 , wherein the display illustrates a transaction amount, an updated account balance, an updated budget balance, an account limit, and/or a transaction history.

6. The dynamic transaction card of claim 2 , further comprising a sensor that detects an input to the dynamic transaction card in order to activate the dynamic transaction card.

7. The dynamic transaction card of claim 6 , wherein the sensor detects the input of the dynamic transaction card in order to perform one of the following functions once the dynamic transaction card is activated: requesting activation of inactive account data, selecting a particular account to conduct a transaction, confirming a transaction, displaying account data, displaying transaction data, and/or inputting an identifier.

8. The dynamic transaction card of claim 1 , wherein the data storage stores an applet that associates an account identifier with each account.

9. The dynamic transaction card of claim 1 , further comprising an interface that allows an account holder to select an account to use for a transaction.

10. The dynamic transaction card of claim 1 , wherein the pre-stored account data includes an account identifier, account balance data, recent transaction data and/or account history data.

11. The dynamic transaction card of claim 1 , wherein the active encryption key is used to encrypt the active account data during data transmission via the antenna.

12. The dynamic transaction card of claim 1 , wherein the antenna is compatible WiFi Direct technology, Bluetooth technology, Bluetooth Low Energy (BLE) technology, RFID technology, and/or Near-Field Communication (NFC) technology.

13. The dynamic transaction card of claim 1 , further comprising a second microprocessor storing an application that includes transaction rules to preprocess a transaction before transmitting transaction data to an issuer system.

14. The dynamic transaction card of claim 13 , wherein the application receives updated rules upon activation of the dynamic transaction card and connection to a mobile device.

15. The dynamic transaction card of claim 13 , wherein upon activation of the dynamic transaction card, the application generates a request for updated data, wherein the updated data comprises updated account data, updated transaction rules, updated transaction data, and/or updated account holder data.

16. The dynamic transaction card of claim 13 , wherein the microprocessor and/or the second microprocessor control the state of the dynamic transaction card, wherein the state of the dynamic transaction card comprises at least: a sleep state and an active state.

17. The dynamic transaction card of claim 14 , wherein upon activation of the dynamic transaction card, the application generates a request for updated data, wherein the updated data comprises updated account data, updated transaction rules, updated transaction data, and/or updated account holder data.

18. A dynamic transaction card comprising:
an energy storage device that provides power to the dynamic transaction card;
an antenna that connects an account holder mobile device to the dynamic transaction card;
data storage, wherein a backend system pushes a notification to the dynamic transaction card for storage in the data storage; and
an integrated circuit in communication with a microprocessor for conducting secure transactions, wherein the microprocessor:
receives new account data and an associated encryption key identifier via the antenna from the account holder mobile device, the new account data and the associated encryption key identifier provided by the backend system and relayed to the dynamic transaction card via the account holder mobile device;
executes a pre-loaded script to update account data with the new account data;
associates a pre-stored encryption key with the new account data using the associated encryption key identifier thereby creating updated account data; and
transmits a transaction request associated with the new account data, wherein the transaction request is encrypted with the associated pre-stored encryption key.

19. The dynamic transaction card of claim 18 , further comprising a display that includes a dot matrix display, one or more LED lights, one or more OLED lights, electronic paper, Mirasol, TF LCD, and/or Quantum Dot Display.

20. The dynamic transaction card of claim 19 , wherein the display is altered based on received transaction data.

21. The dynamic transaction card of claim 20 , further comprising a second microprocessor storing an application, wherein the application includes transaction rules to preprocess a transaction before transmitting transaction data to an issuer system.

22. The dynamic transaction card of claim 21 , wherein the application receives updated rules upon activation of the dynamic transaction card and connection to a mobile device.

23. The dynamic transaction card of claim 21 , wherein upon activation of the dynamic transaction card, the application generates a request for updated data, wherein updated data comprises updated account data, updated transaction rules, updated transaction data, and/or updated account holder data.

24. The dynamic transaction card of claim 21 , wherein the microprocessor and/or the second microprocessor control the state of the dynamic transaction card, wherein the state of the dynamic transaction card comprises at least: a sleep state and an active state.

25. The dynamic transaction card of claim 19 , wherein the display illustrates a transaction amount, an updated account balance, an updated budget balance, an account limit, and/or a transaction history.

26. The dynamic transaction card of claim 18 , wherein the microprocessor receives the new account data and the associated encryption key identifier based on a fraud detection.

27. The dynamic transaction card of claim 26 , wherein th

Assignees

• Capital One Services Llc

Inventors

• ZARAKAS James
• Koeppel Adam
• Kelly Kevin
• Wurmfeld David

Classifications

• G06Q20/354

  Card activation or deactivation · CPC title

• G06Q20/4016

  involving fraud or risk level assessment in transaction processing · CPC title

• G06Q20/3829

  involving key management · CPC title

• G06Q20/341 Primary

  Active cards, i.e. cards including their own processing means, e.g. including an IC or chip · CPC title

• G06K19/045

  the record carrier being of the non-contact type, e.g. RFID, and being specially adapted for attachment to a disc, e.g. a CD or DVD · CPC title