Systems and methods for using tokenized and dynamic physical checks
AssigneeUnited Services Automobile Association (USAA)
InventorsBradly Jay Billman, Jennifer Hunt Erickson
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Abstract
Embodiments are described herein for systems and methods for authenticating tokenized and/or dynamic physical checks, and authorizing transfers of funds in response to the authentication. In particular, in certain embodiments, a method includes identifying, using at least one processor, a dynamic authentication code of a physical check. The method also includes automatically authenticating, using the at least one processor, the physical check based at least in part on the identified dynamic authentication code. The method further includes automatically authorizing, using the at least one processor, a transfer of funds in response to the authentication of the physical check.
Claims17
A method, comprising:
- activating circuitry of a physical check to activate a dynamic authentication code of the physical check based at least in part on a control signal received from a computing device, wherein activating the circuitry of the physical check comprises activating the dynamic authentication code by providing inductance to the circuitry of the physical check from the computing device;
- automatically authenticating the physical check based at least in part on the dynamic authentication code;
- automatically authorizing a transfer of funds in response to the authentication of the physical check;
- and
- deactivating the dynamic authentication code by discontinuing the induction provided to the circuitry of the physical check from the computing device.
A physical check, comprising:
- circuitry configured to activate a dynamic authentication code of the physical check based at least in part on moisture applied to a battery of the physical check, wherein the dynamic authentication code is configured to uniquely identify the physical check and to enable a check processing system to authorize a transfer of funds in response to authentication of the physical check using the dynamic authentication code.
A physical check, comprising:
- a display device and circuitry configured to cause a dynamic authentication code to be displayed via the display device in response to activation of the circuitry and to destroy the display device in response to an invalid attempt to activate the dynamic authentication code, wherein the dynamic authentication code is configured to uniquely identify the physical check and to enable a check processing system to authorize a transfer of funds in response to authentication of the physical check using the dynamic authentication code.
Dependencies are inferred from the claim text.