Method and system for generating a dynamic card verification value for processing a transaction

A system for processing a transaction using a transaction instrument, the system comprising:

• a transaction instrument having a instrument passive communication interface, a instrument memory, a instrument processor, and instructions embodied in the instrument memory, readable by the instrument processor, and configured to cause the instrument passive communication interface, when prompted by a first non-payment communication, to return a message via a second non-payment communication;
• a mobile device having a mobile device memory, a mobile device processor, a mobile device user interface, a mobile device communication interface configured for communication with the passive communication interface of the transaction instrument, a telecommunications interface configured to connect to a global computer information network, the mobile device memory having instructions embodied therein and readable by the mobile device processor, configured to cause the mobile device to:
• (a) initiate the first non-payment communication from the mobile device to the transaction instrument;
• (b) receive the message from the transaction instrument via the second non-payment communication from the transaction instrument to the mobile device;
• and
• (c) transmit a prompt from the telecommunications interface to an IP address or web address over the global computer information network in response to receipt of the message from the transaction card;
• a computer server connected to or in communication with the IP address or web address and connected to a dCVV-code-generating processor, the computer server configured to, in response to receipt of the prompt from the mobile device, cause the dCVV-code-generating processor to generate a dynamic Card Verification Value (dCVV) code, the computer server further configured to send a secure communication containing the dynamic CVV code to the mobile device over the global computer information network.

A mobile device comprising:

• a memory;
• a processor;
• a user interface;
• a proximity coupling device interface;
• a telecommunications interface configured to connect to a global computer information network;
• at least one of:
• a display, an sound generator, and a haptic stimulus generator;
• instructions embodied in the memory and readable by the processor, configured to cause the mobile device to perform the steps of:
• (a) initiating a first non-payment communication with a transaction instrument associated with a transaction account associated with the mobile device;
• (b) receiving a second non-payment communication from the transaction instrument containing a message;
• (c) transmitting a prompt to an IP address or web address over a global computer information network in response to receipt of the message;
• (d) receiving a secure communication from the IP address or web address, the secure communication including a dCVV code;
• and
• (e) communicating the dCVV code visually via the display, audibly via the sound generator, or tactilely via the haptic stimulus generator.

A transaction instrument, comprising:

• a passive proximity circuit communication interface;
• a memory;
• a processor;
• instructions embodied in the memory, readable by the processor, and configured to cause the passive proximity circuit communication interface, when prompted by a first non-payment communication from a mobile device, to return a message via a second non-payment communication, wherein the message comprises information selected from:
• an IP address or web address, or instructions for causing a module of application software to open on the mobile device, wherein the application software is configured with the IP address or the web address.

A dynamic Card Verification Value (dCVV) code generating system comprising:

• a computer server connected to or in communication with a unique IP address or web address on a global computer information network;
• a dCVV-code-generating processor connected to the computer server;
• and
• a communications interface configured to send secure communications via the global computer information network;
• the system configured to, in response to receipt of a prompt from a mobile device via the IP address or web address, cause the dCVV-code-generating processor to generate a dCVV code, and to transmit a secure communication containing the dCVV code in a secure communication over the global computer information network to a secure location accessible to a cardholder.

A non-transitory computer memory media comprising instructions readable by a machine for causing a mobile device to perform the method steps of:

• (a) associating a transaction account and a transaction instrument with the mobile device;
• (b) initiating a first non-payment communication with the transaction instrument using a communication interface embedded in the mobile device;
• (c) receiving a second non-payment communication from the transaction card containing a message;
• (d) transmitting a prompt to an IP address or web address over a global computer information network via a telecommunications interface of the mobile device;
• (e) receiving a secure communication from the IP address or web address, the secure communication including a dCVV code;
• and
• (f) communicating the dCVV code visually via a display, audibly via a sound generator, or tactilely via a haptic stimulus generator embedded in the mobile device.