US5907142A
Expired / Lapsed
US
⏱️ 0.0 years remaining
Fraud resistant personally activated transaction card
Assignee: Individual
•
Filing: 1996-05-28
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Granted: 1999-05-25
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Expires: 2016-05-28
Abstract
Abstract A method and apparatus for preventing transaction card fraud. A transaction card has a keypad display, and a microprocessor for receiving and processing numbers and symbols entered through the keypad. A transaction access code and a corresponding transaction approval code are provided by the card issuer to the seller at the time of a transaction. The cardholder entering the transaction access code into the keypad of the card causes an authentically used card to display a symbol identical to the transaction approval code provided by the issuer. Comparison of the symbol and the transaction approval code can thus be used to authenticate a card transaction. The access code and corresponding approval code are changed by the issuer after each transaction to further aid in fraud prevention.
Inventors
- 👤 Craig E. Kelsey
Bibliographic Details
Application Number
—
Jurisdiction
US
Data Source
google_patents
Last Synchronized
2026-11-04 16:47
CPC Classifications
G; G07; G07F; G07F7/00; G07F7/08; G07F7/10; G07F7/1008; G06; G06K; G06K19/00; G06K19/06; G06K19/067; G06K19/07; G06K19/073; G06K19/077; G06K19/07701; G06K19/07703; G06Q; G06Q20/00; G06Q20/30; G06Q20/34; G06Q20/341; G06Q20/3415; G06Q20/38; G06Q20/385; G07F7/1025
Claims Analysis
Total Claims: 2
Claim 1
Independent Claim
195 words
A method for preventing transaction card fraud in card-purchase transactions involving a purchase by a cardholder from a seller using a card issued by a card issuer, comprising: issuing a transaction card to the cardholder, along with a corresponding card activation number; the card issuer providing a transaction access code and a corresponding transaction approval code to the seller at the time each transaction is initiated, said access code and said approval code being changed after each transaction; providing a keypad and display means on said transaction card; providing means for receiving and processing numbers or symbols entered into said keypad; providing said transaction access code to the cardholder and requiring the cardholder to enter said transaction access code and said card activation number into said keypad; said receiving and processing means being pre-programmed to respond to the cardholder entering the card activation number and transaction access code by providing a symbol to be displayed by said display means, said symbol necessarily being identical to said-transaction approval code provided by the issuer when the card transaction is valid; and verifying the authenticity of said card transaction by comparing said symbol to said transaction approval code.
Claim 2
Independent Claim
195 words
A method for preventing transaction card fraud in card-purchase transactions involving a purchase by a cardholder from a seller using a card issued by a card issuer, comprising: issuing a transaction card to the cardholder, along with a corresponding card activation number; the card issuer providing a transaction access code and a corresponding transaction approval code to the seller at the time each transaction is initiated, said access code and said approval code being changed after each transaction; providing a keypad and display means on said transaction card; providing means for receiving and processing numbers or symbols entered into said keypad; providing said transaction access code to the cardholder and requiring the cardholder to enter said transaction access code and said card activation number into said keypad; said receiving and processing means being pre-programmed to respond to the cardholder entering the card activation number and transaction access code by providing a symbol to be displayed by said display means, said symbol necessarily being identical to said-transaction approval code provided by the issuer when the card transaction is valid; and verifying the authenticity of said card transaction by comparing said symbol to said transaction approval code.
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USPTO Annuity & Maintenance Windows
| Annuity Stage | Window Opens | Payment Deadline | Surcharge Period Until | Estimated Fee | Status |
|---|---|---|---|---|---|
| 3.5 Years (Year 4) | 2002-05-24 | 2002-11-23 | 2003-05-25 | $2000.00 | Window Closed / Lapsed |
| 7.5 Years (Year 8) | 2006-05-24 | 2006-11-23 | 2007-05-25 | $3760.00 | Window Closed / Lapsed |
| 11.5 Years (Year 12) | 2010-05-24 | 2010-11-23 | 2011-05-25 | $7700.00 | Window Closed / Lapsed |