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

Patent metadata

Field	Value
Publication number	US-2016104136-A1
Application number	US-201514973908-A
Country	US
Kind code	A1
Filing date	Dec 18, 2015
Priority date	Apr 28, 2014
Publication date	Apr 14, 2016
Grant date	—

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. The smartcard may also include a battery. The battery may be configured to power the BLE and the microprocessor chip. The smartcard may also include memory. The memory may be configured to 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 for using a smartcard 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 the pressing of the button. The method may also include receiving a dynamic transaction authorization number from a smartphone.

First claim

What is claimed is:

1 . A smartcard apparatus comprised of:
a microprocessor chip; a button; a dynamic transaction authorization number; and a Bluetooth low energy device (“BLE”) which is configured to:
transmit an instruction to a smartphone for a request for a dynamic transaction authorization number, when the button is depressed a first time;
receive the dynamic transaction authorization number from a smartphone;
a battery configured to power the BLE and the microprocessor chip; memory configured to store the dynamic transaction authorization number; and a dynamic magnetic strip comprising a digital representation of the dynamic transaction authorization number; and
wherein the smartcard is configured to:
communicate with an application on a smartphone;
receive information from an administrative database network via the application on the smartphone;
transmit information to the administrative database network via the application on the smartphone;
receive a transmission of the digital representation of the dynamic transaction authorization number from the smartphone;
record the transmitted digital representation and a timestamp of the first button depression in response to the first depression of the button on the smartcard; and
in response to a second depression of the button on the smartcard, transmit to the administrative database network:
the second button depression timestamp;
the first button depression timestamp;
the dynamic transaction authorization number that has been active in between the first button depression timestamp and the second button depression timestamp.

2 . The apparatus of claim 1 wherein the smartcard is configured to receive a new digital representation from the administrative network via the application on the smartphone.

3 . The apparatus of claim 2 wherein the smartcard is configured to change the digital representation on the smartcard in response to receiving a new digital representation from the smartphone.

4 . The apparatus of claim 3 wherein the smartcard is configured to receive a new digital representation from the administrative network via the application on the smartphone in response to the administrative network receiving information pertaining to a security threat which may affect the security of the smartcard.

5 . The apparatus of claim 4 wherein the microprocessor chip located in the smartcard is configured to change the digital representation on the dynamic magnetic strip in response to receiving a new digital representation from the smartphone.

6 . The apparatus of claim 4 wherein the microprocessor chip located in the smartcard is configured to:
save the digital representation in memory; and
write the digital representation to the dynamic magnetic strip.

7 . The apparatus of claim 4 wherein the microprocessor chip is further configured save the digital representation directly to the magnetic strip.

8 . The apparatus of claim 1 wherein the memory is the dynamic magnetic strip.

9 . A method for using a smartcard, the smartcard comprises a microprocessor chip, a button, a dynamic transaction authorization number, a Bluetooth low energy (“BLE”) device, a battery configured to power the BLE and the microprocessor chip, memory configured to store the dynamic transaction authorization number, a dynamic magnetic strip comprising a digital representation of the dynamic transaction authorization number, the method comprising:
transmitting, upon receipt of a first depression of the button:
an instruction to a smartphone for a request for a dynamic transaction authorization number;
a timestamp of the first depression of the button;
a timestamp of a previous depression of the button; and
the dynamic authorization number which has been active from the previous timestamp until the first timestamp;

receiving a dynamic transaction authorization number from the smartphone.

10 . The method of claim 9 , wherein the method further comprises receiving information from an administrative database network via an application on the smartphone.

11 . The method of claim 10 , wherein the method further comprises transmitting information to the administrative network via the application on the smartphone.

12 . The method of claim 11 , wherein the method further comprises receiving a transmission of the digital representation of the dynamic transaction authorization number from the smartphone.

13 . The method of claim 12 , wherein the method further comprises, in response to the button depression recording:
the transmitted digital representation; and a timestamp of the button depression.

14 . The method of claim 13 , wherein the method further comprises receiving a new digital representation from the administrative network via the application on the smartphone.

15 . The method of claim 14 , wherein the method further comprises changing the digital representation of the smartcard in response to receiving a new digital representation from the smartphone.

16 . The method of claim 15 , wherein the method further comprises receiving a new digital representation form the administrative network via the application on the smartphone in response to the administrative network receiving information pertaining to a security threat which may affect the security of the smartcard.

17 . The method of claim 16 , wherein the method further comprises saving the digital representation directly to the smart card's magnetic strip.

18 . The method of claim 17 , wherein the method further comprises:
saving the digital representation in memory; and writing the digital representation to the dynamic magnetic strip.

19 . A system for changing smartcard information on one or more smartcards comprising a microprocessor chip, a button, a dynamic transaction authorization number, a Bluetooth low energy (“BLE”) device, a battery configured to power the BLE and the microprocessor chip, memory configured to store the dynamic transaction authorization number, a dynamic magnetic strip comprising a digital representation of the dynamic transaction authorization number, the system comprising:
an administrative database network in communication with a plurality of smartcards, via applications on a plurality of smartphones;
the administrative database network configured to transmit, upon receipt, from each of the plurality of smartphones, of a current timestamp, a previous timestamp, and a dynamic authorization number that was valid between the previous timestamp and the current timestamp, discrete dynamic transaction authorization numbers to one or more of the smartcards, the transmission being instructive to the smartcard to change the digital representation on the dynamic magnetic strip based on the transmitted discrete dynamic transaction authorization number.

20 . The system of claim 22 , wherein the administrative network is configured to transmit a new discrete dynamic transaction authorization number to one or more smartcards via an application on one or more smartphones, in response to receiving information regarding a security threat which may affect one or more smartcards.

Assignees

• Bank Of America

Inventors

• Ronca James G
• Negi Akshaya
• Donlan Matthew L
• Harkey Scott L
• England Tony

Classifications

• G06Q20/322

  Aspects of commerce using mobile devices [M-devices] · CPC title

• G06Q20/105 Primary

  involving programming of a portable memory device, e.g. IC cards, "electronic purses" · CPC title

• G06K19/06206

  the magnetic marking being emulated · CPC title

• G06K19/0727

  the arrangement being a circuit facilitating integration of the record carrier with a hand-held device such as a smart phone of PDA · CPC title

• G06K19/07701

  the record carrier comprising an interface suitable for human interaction · CPC title