US 2024/0177138 A1 · Dynamic Virtual Transaction Card Management System

Abstract

Methods, systems, and apparatuses are described herein for generating and managing virtual transaction cards based on mobile device location so as to provide transaction security during in-person transactions. A geographic location of a mobile device may be determined, a proximate merchant may be selected, and a virtual transaction card may be generated for that particular merchant. Data corresponding to that virtual transaction card may be deployed into a digital wallet device for use during transactions with point-of-sale devices. Use of the digital wallet device may be conditioned on geographic location, time, an unlock command from a mobile device, or the like. By providing such dynamically-generated and limited virtual transaction cards for in-person transactions, the threat of security vulnerabilities relating to point-of-sale systems may be mitigated.

Claims20

Dependent claims

A mobile device configured to manage virtual financial cards that are each uniquely generated for a different merchant, the mobile device comprising:

one or more processors:
a global positioning system (GPS) module;
and
memory storing instructions that, when executed by one or more processors, cause the mobile device to:
determine, using the GPS module, a geographic location of the mobile device;
identify a first merchant by:
determining one or more merchants proximately located to the geographic location of the mobile device;
and
selecting, from the one or more merchants, the first merchant:
send, to a remote server, a request for a virtual transaction card, wherein the request for the virtual transaction card comprises an indication of the first merchant and authentication credentials corresponding to a user associated with the mobile device;
receive, from the remote server and in response to the request, virtual transaction card data that comprises a virtual transaction card number corresponding to the first merchant;
and
provide the virtual transaction card data to a second device, wherein the second device is configured to be used with one or more point-of-sale systems associated with the first merchant to conduct one or more transactions with the first merchant.

10 more elements

A method for managing virtual financial cards that are each uniquely generated for a different merchant, the method comprising:

determining, via a global positioning system (GPS) module, a geographic location of a mobile device;
identifying a first merchant by:
determining one or more merchants proximately located to the geographic location of the mobile device;
and
selecting, from the one or more merchants, the first merchant:
sending, to a remote server, a request for a virtual transaction card, wherein the request for the virtual transaction card comprises an indication of the first merchant and authentication credentials corresponding to a user associated with the mobile device;
receiving, from the remote server and in response to the request, virtual transaction card data that comprises a virtual transaction card number corresponding to the first merchant;
and
providing the virtual transaction card data to a second device, wherein the second device is configured to be used with one or more point-of-sale systems associated with the first merchant to conduct one or more transactions with the first merchant.

6 more elements

One or more non-transitory computer-readable media storing instructions that, when executed by one or more processors of a mobile device, cause the mobile device to:

determine, using a global positioning system (GPS) module, a geographic location of the mobile device;
identify a first merchant by:
determining one or more merchants proximately located to the geographic location of the mobile device;
and
selecting, from the one or more merchants, the first merchant;
send, to a remote server, a request for a virtual transaction card, wherein the request for the virtual transaction card comprises an indication of the first merchant and authentication credentials corresponding to a user associated with the mobile device;
receive, from the remote server and in response to the request, virtual transaction card data that comprises a virtual transaction card number corresponding to the first merchant;
and
provide the virtual transaction card data to a second device, wherein the second device is configured to be used with one or more point-of-sale systems associated with the first merchant to conduct one or more transactions with the first merchant.

6 more elements

Dependencies are inferred from the claim text.

Dynamic Virtual Transaction Card Management System

Life of this patent

Dynamic Virtual Transaction Card Management System

Life of this patent

Abstract

Claims20