US 12,243,038 B2Granted

Smart card NFC secure money transfer

AssigneeCapital One Services, LLC

InventorsTyler Locke, Kevin Kelly, David Wurmfeld

Life of this patent

Estimating the term…

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Abstract

A secure method of real time money transferring between account holders utilizes Near Field Communication (NFC) technologies, dynamic transaction cards, and a mobile application to facilitate a seamless mobile transfer of funds. The dynamic transaction card of the customer requesting to make the transfer of funds may be placed in contact with the second recipient dynamic transaction card of the customer receiving the funds transfer to establish an NFC connection. The dynamic transaction card requesting the transfer may receive, via the NFC antenna on the card, the recipient customer account information stored on a passive NFC tag. The dynamic transaction card requesting the transfer may transmit the recipient account information to a mobile application, which may transmit the recipient account information to an account provider system for facilitating the funds transfer.

Claims20

Dependent claims

A user device, comprising:

one or more processors;
and
a memory in communication with the one or more processors and storing instructions that, when executed by the one or more processors, are configured to cause the user device to:
receive a request to transfer funds from a first account associated with a first dynamic transaction card to a second recipient account associated with a second recipient dynamic transaction card;
transmit, via a short-range wireless communication network protocol, the request to the first dynamic transaction card;
receive second recipient account information associated with the second recipient dynamic transaction card;
retrieve a private key from the first dynamic transaction card;
encrypt the second recipient account information using the private key to create a second recipient account information token;
and
transmit the second recipient account information token to an account provider system over a wireless communication protocol to facilitate the transfer of the funds from the first account to the second recipient account when the second recipient account information token has not expired.

7 more elements

Dependencies are inferred from the claim text.

Facts

Application: 18/470,371Filed 19 Sep 2023 · continuation
Priority: 29 Dec 2016
Published: US 2024/0029043 A125 Jan 2024
Granted: 4 Mar 2025
Term ends: Not estimatedThe source records don’t support an estimate.

Classification22 codes

G06Q 20/204
Point-of-sale [POS] network systems: comprising interface for record bearing medium or carrier for electronic funds transfer or payment credit
G06F 21/34
User authentication: involving the use of external additional devices, e.g. dongles or smart cards
G06Q 20/20
Payment architectures: point-of-sale [POS] network systems
G06Q 20/3221
Aspects of commerce using mobile devices [M-devices]: access to banking information through M-devices

Family

Application62/440,132Us provisional application · filed 29 Dec 2016
Application15/663,083Parent of this continuation · filed 28 Jul 2017
Application16/450,350Parent of this continuation · filed 24 Jun 2019
US 10,373,146 B2Parent of this continuation · filed 6 Aug 2019
Application17/402,687Parent of this continuation · filed 16 Aug 2021
US 11,093,923 B2Parent of this continuation · filed 17 Aug 2021
US 2024/0029043 A1Pre-grant publication · published 25 Jan 2024
US 11,803,832 B2Parent of this continuation
US 2018/0189761 A1Published application
US 2019/0311344 A1Published application
US 2021/0374706 A1Published application
US 12,243,038 B2This patent

From the US filing history. Foreign family members aren’t listed.