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

Patent metadata

Field	Value
Publication number	US-2016307190-A1
Application number	US-201615098730-A
Country	US
Kind code	A1
Filing date	Apr 14, 2016
Priority date	Oct 17, 2011
Publication date	Oct 20, 2016
Grant date	—

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

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; a EuroPay-MasterCard-Visa (EMV) chip in communication with an EMV microprocessor, wherein the EMV microprocessor includes inactivated account data and an encryption key that, upon receiving an activation signal 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; 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 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, comprising 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 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 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 EMV 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 1 , 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.

18 . A dynamic transaction card comprising:
an energy storage device that provides power to the dynamic transaction card; an antenna that connects the account holder mobile device to connect 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 a EuroPay-MasterCard-Visa (EMV) chip in communication with an EMV microprocessor, wherein the EMV microprocessor:
receives new account data and an associated encryption key identifier via the antenna from a backend system through an account holder 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 received 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 component is altered based on received transaction data.

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

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

23 . The dynamic transaction card of claim 22 , wherein a backend system pushes a notification to the data storage to deactivate the account associated with the fraud detection.

24 . The dynamic transaction card of claim 22 , wherein the backend system pushes a notification to the account holder mobile device of the fraud detection.

25 . The dynamic transaction card of claim 18 , wherein the new account data comprises a new card activation signal, a new card number, a new security code, and/or a new expiration date.

26 . The dynamic transaction card of claim 18 , wherein the antenna is compatible with WiFi Direct technology, Bluetooth technology, Bluetooth Low Energy (BLE) technology, RFID technology, and/or Near-Field Communication (NFC) technology.

27 . 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.

28 . The dynamic transaction card of claim 27 , wherein the application receives updated rules upon activation of the dynamic transaction card and connection to a mobile device.

29 . The dynamic transaction card of claim 27 , wherein upon activation of the dynamic transaction card, the application generates a request for updated data, wherein updated data comprises upd

Assignees

• Capital One Services Llc

Inventors

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

Classifications

• G06K19/07769

  the further communication means being a galvanic interface, e.g. hybrid or mixed smart cards having a contact and a non-contact interface · CPC title

• G06Q20/352 Primary

  Contactless payments by cards · CPC title

• G06Q2220/00

  Business processing using cryptography · CPC title

• G06Q20/4016

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

• G06Q20/3563

  Software being resident on card · CPC title