System, method, and apparatus for a dynamic transaction card

Patent metadata

Field	Value
Publication number	US-10657520-B2
Application number	US-201916507784-A
Country	US
Kind code	B2
Filing date	Jul 10, 2019
Priority date	Apr 14, 2015
Publication date	May 19, 2020
Grant date	May 19, 2020

Abstract

A dynamic transaction card and methods for providing improved security during transactions are described. The dynamic transaction card can attempt to connect wirelessly to a mobile device. The dynamic transaction card can then send a transaction request to a backend system, including whether the connection to the mobile device was successful. The backend system can then calculate a fraud score based on the connection response, among other things. The backend system may approve or deny the transaction request from the dynamic transaction card based on the fraud score.

First claim

The invention claimed is:

1. A computer-readable medium comprising instructions that, when executed by a backend system, cause the backend system to:
receive a transaction request from a dynamic transaction card;
receive a connection response from the dynamic transaction card indicating that a wireless connection between the dynamic transaction card and a first mobile device was unsuccessful;
calculate a fraud score based on the connection response; and
approve or deny the transaction request based on the fraud score.

2. The computer-readable medium of claim 1 , wherein the instructions further cause the backend system to:
transmit a notification:
indicating an unsuccessful connection to the first mobile device; and
requesting a transaction approval from the first mobile device;

wherein the fraud score is further based on whether the backend system receives the transaction approval from the first mobile device.

3. The computer-readable medium of claim 1 , wherein the instructions further cause the backend system to:
transmit a notification:
indicating an unsuccessful connection to a second mobile device; and
requesting a transaction approval from the second mobile device;

wherein the fraud score is further based on whether the backend system receives the transaction approval from the second mobile device.

4. The computer-readable medium of claim 3 , wherein the instructions further cause the backend system to:
determine, based on the fraud score, that the transaction request is fraudulent;
transmit a notification to the second mobile device indicating that a fraudulent transaction has occurred; and
receive a request from the second mobile device to transmit new card data to the dynamic transaction card.

5. The computer-readable medium of claim 4 , wherein the new card data comprises at least one of a new card activation signal, a new card number, a new security code, or a new expiration date.

6. The computer-readable medium of claim 1 , wherein the instructions further cause the backend system to:
receive transaction data associated with the transaction request from the dynamic transaction card;
wherein the fraud score is further based on the transaction data.

7. The computer-readable medium of claim 6 , wherein the transaction data comprises at least one of a merchant identifier for a merchant associated with the transaction request, a transaction amount, or transaction statistics associated with the dynamic transaction card.

8. The computer-readable medium of claim 7 , wherein the transaction statistics comprise a number of transactions that occur without a successful connection, a percentage of transactions that occur without a successful connection, a number of transactions approved without a successful connection, and/or a percentage of transactions approved without a successful connection.

9. The computer-readable medium of claim 1 , wherein the instructions further cause the backend system to:
determine, based on the fraud score, that the transaction request is fraudulent; and
transmit new card data to the dynamic transaction card comprising at least one of a new card activation signal, a new card number, a new security code, or a new expiration date.

10. A computer-readable medium comprising instructions that, when executed by a backend system, cause the backend system to:
receive a transaction request from a dynamic transaction card;
receive a connection response from the dynamic transaction card indicating that a wireless connection between the dynamic transaction card and a mobile device was successful;
calculate a fraud score based on the connection response; and
approve or deny the transaction request based on the fraud score.

11. The computer-readable medium of claim 10 , wherein the instructions further cause the backend system to:
receive transaction data associated with the transaction request from the dynamic transaction card;
wherein the fraud score is further based on the transaction data.

12. The computer-readable medium of claim 11 , wherein the transaction data includes a transaction amount, a merchant identifier, a distance between the mobile device and the dynamic transaction card calculated using mobile device location data and dynamic transaction card location data, and/or transaction statistics associated with the dynamic transaction card.

13. The computer-readable medium of claim 10 , wherein the instructions further cause the backend system to:
determine, based on the fraud score, that the transaction request is fraudulent; and
transmit new card data to the dynamic transaction card comprising at least one of a new card activation signal, a new card number, a new security code, or a new expiration date.

14. The computer-readable medium of claim 10 , wherein the instructions further cause the backend system to:
determine, based on the fraud score, that the transaction request is fraudulent;
transmit a notification to the mobile device indicating that a fraudulent transaction has occurred; and
receive a request from the mobile device to transmit new card data to the dynamic transaction card.

15. The computer-readable medium of claim 14 , wherein the new card data comprises at least one of a new card activation signal, a new card number, a new security code, or a new expiration date.

16. A method comprising:
receiving, at a backend system, a transaction request from a dynamic transaction card;
receiving, at the backend system, a connection response from the dynamic transaction card, the connection response comprising data indicating a successful or unsuccessful connection between the dynamic transaction card and a mobile device;
calculating, at the backend system, a fraud score for the transaction request based on the connection response; and either:
approving, by the backend system, the transaction request based on the fraud score; or
denying, by the backend system, the transaction request based on the fraud score.

17. The method of claim 16 , further comprising:
receiving, at the backend system, transaction data associated with the transaction request from the dynamic transaction card;
wherein the fraud score is further based on the transaction data.

18. The method of claim 17 , wherein the transaction data comprises at least one of transaction amount, a merchant identifier, a distance between the mobile device and the dynamic transaction card calculated using mobile device location data and dynamic transaction card location data, and/or transaction statistics associated with the dynamic transaction card.

19. The method of claim 18 , wherein the transaction statistics associated with the dynamic transaction card comprise a number of transactions that occur a successful connection, a percentage of transactions that occur without a successful connection, a number of transactions approved without a successful connection, and/or a percentage of transactions approved without a successful connection.

20. The method of claim 16 , further comprising:
determining, by the backend system, that the transaction request is fraudulent based on the fraud score; and
transmitting, from the backend system, new card data to the dynamic transaction card;
wherein the new card data comprises at least one of a new card activation signal, a new card number, a new security code, or a new expiration date.

Assignees

• Capital One Services Llc

Inventors

• ZARAKAS James
• Markson Theodore
• Koeppel Adam
• Kelly Kevin P
• Briggman Brian
• SANGI Saleem
• Wurmfeld David
• LOCKE Tyler
• ESCALANTE Karla

Classifications

• G07F7/0846

  On-card display means · CPC title

• G09B21/008

  using visual presentation of the information for the partially sighted · CPC title

• G06K19/07707

  the visual interface being a display, e.g. LCD or electronic ink · CPC title

• G06K19/0704

  the battery being rechargeable, e.g. solar batteries · 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