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.
Claims20
A method, comprising the steps of:
- identifying, by a card reader, an absence of activity for a predetermined time period when a card associated with an account is in a slot of the card reader;
- ingesting, by the card reader, the card based on the identified absence of activity;
- generating, by a server, a virtual card associated with the account;
- generating, by the server, partner identifying information;
- identifying, by the server, a set of authorized transaction partners from the partner identifying information by applying a machine learning algorithm;
- and
- limiting, by the server, the use of the virtual card to transactions involving one from the identified set of authorized transaction partners.
A system, comprising:
- a card reader configured to:
- identify an absence of activity for a predetermined time period when a card associated with an account is in a slot of the card reader;
- ingest the card based on the identified absence of activity;
- a server comprising a processor in data communication with the card reader, configured to:
- generate a virtual card associated with the account;
- generate partner identifying information;
- identify a set of authorized transaction partners from the partner identifying information by applying a machine learning algorithm;
- and
- limit the use of the virtual card to transactions involving one from the identified set of authorized transaction partners.
A computer-accessible non-transitory medium having stored thereon computer-executable instructions, wherein, when a computer arrangement comprising a card reader and a server executes the instructions, the computer arrangement is configured to perform procedures comprising:
- identifying, by a card reader, an absence of activity for a predetermined time period when a card associated with an account is in a slot of the card reader;
- ingesting, by the card reader, the card based on the identified absence of activity;
- generating, by a server, a virtual card associated with the account;
- generating, by the server, partner identifying information;
- identifying, by the server, a set of authorized transaction partners from the partner identifying information by applying a machine learning algorithm;
- and
- limiting, by the server, the use of the virtual card to transactions involving one from the identified set of authorized transaction partners.
Dependencies are inferred from the claim text.