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US 10,853,794 B2Granted
System and method for generation of virtual account-linked card
AssigneeCapital One Services, LLC
InventorsJoshua Edwards, Michael Mossoba, Abdelkader Benkreira
Life of this patent
Estimating the term…
Abstract
Embodiments of systems and methods for generating virtual account-linked cards are described. A virtual account-linked card may be generated in response to a determination that a physical account-linked card has been forgotten at a card reader and ingested by the card reader. A virtual account-linked card may be restricted such that it can only be used to execute a transaction with authorized transaction partners identified in a database.
Claims16
A system comprising:
- a card reader configured to read an account-linked card having account-linking information;
- a server including a processor;
- and
- a storage medium containing a database which stores data for an account associated with the account-linked card, the data including information for account-linked cards and virtual cards associated with the account;
- wherein the card reader is configured to determine whether the account-linked card has been forgotten and in response to a determination that the account-linked card has been forgotten, send a signal to the server indicating that the account-linked card has been forgotten;
- and
- the server is configured, in response to receiving the signal indicating that the account-linked card has been forgotten, to:
- disable the account-linked card,
- generate a new virtual card having the account-linking information by editing the data in the database,
- generate, in the database, partner identifying information which identifies a set of authorized transaction partners, wherein each authorized transaction partner has engaged in a transaction with the account within a predetermined time period, and
- limit the use of the virtual card to transactions involving an authorized transaction partner.
8 more elements
A method comprising:
- reading an account-linked card having account-linking information at a card reader;
- determining whether the account-linked card has been forgotten and in response to a determination that the account-linked card has been forgotten, ingesting the account-linked card in the card reader;
- sending a signal to a server via a network indicating that the account-linked card has been forgotten;
- flagging the account-linked card as unauthorized in a database located on a storage medium, where the database stores data for an account associated with the account-linked card;
- generating a virtual card in the database having the account-linking information;
- generating partner identifying information which identifies a set of authorized transaction partners, wherein each authorized transaction partner has engaged in a transaction with the account within a predetermined time period;
- storing the partner identifying information in the database;
- and
- limiting the use of the virtual card to transactions involving an authorized transaction partner.
6 more elements
A server comprising:
- a processor;
- wherein the server is configured to:
- receive a notification from a card reader identifying a lost account-linked card having account-linking information and which is associated with an account;
- in response to receipt of the notification, create a flag in a database contained in a storage medium which stores data for the account, wherein the flag identifies the account-linked card as unauthorized;
- in response to receipt of the notification, generate a virtual card having the account-linking information in the database, wherein the virtual card is authorized to be used to access the account;
- in response to receipt of the notification, generate partner identifying information which identifies a set of authorized transaction partners, wherein each authorized transaction partner has engaged in a transaction with the account within a predetermined time period;
- and
- limit the use of the virtual card to transactions involving an authorized transaction partner.
5 more elements
Dependencies are inferred from the claim text.