Secure smart card system
AssigneeX-Card Holdings, LLC
InventorsJohn Kenneth Bona, Mark Allan Cox
Life of this patent
Estimating the term…
Abstract
A smart card usable in magnetic stripe swipe transactions with a transaction terminal configured to read transaction information encoded on a magnetic stripe of a standard transaction card includes a card body, which includes a magnetic stripe emulator for use with the transaction terminal, a smart card chip programmed with at least one transaction application for providing secured data for use in a transaction and dynamic card verification data, a power supply, and a card controller in communication with the magnetic stripe emulator. The card controller is configured to receive the dynamic card verification data and control the magnetic stripe emulator to emit a magnetic field encoded with at least a portion of the secured data and the dynamic card verification data.
Claims20
A method of conducting a transaction, comprising:
- generating contactless smart card transaction data with a smart card application resident on a personal wireless communication device, the smart card application configured for use in contactless smart card transactions;
- formatting, by the personal wireless communication device, the contactless smart card transaction data for a magnetic stripe transaction;
- communicating magnetic stripe transaction data by near field communications from the personal wireless communication device to a companion card, the magnetic stripe transaction data including the formatted contactless smart card transaction data;
- and
- receiving the magnetic stripe transaction data with the companion card and controlling a magnetic stripe emulator to emit a magnetic field encoded with the magnetic stripe transaction data, whereby the companion card can be used with a transaction terminal configured to read transaction information encoded on a magnetic stripe as part of a card present transaction.
A method comprising:
- generating contactless smart card transaction data with a contactless smart card application resident on a personal wireless communication device, the contactless smart card application configured for use in contactless smart card transactions;
- receiving the contactless smart card transaction data with a smart card reader application for receiving transaction data from the contactless smart card application, the smart card reader application being resident on the personal wireless communication device;
- and
- formatting the contactless smart card transaction data for a magnetic stripe transaction using a set of instructions specific to the smart card application, the set of instructions being resident on the personal wireless communication device.
The method of clam 18, wherein the dynamic card verification data includes a dCVV or CVC3 code for us in a credit card transaction.
A portable, personal wireless communication device enabled for cellular communications and near field communications with a similarly enabled companion card, the wireless communication device being programmed with at least one smart card application for use in contactless smart card transactions, wherein the wireless communication device comprises a smart card reader application for querying the contactless smart card application to return contactless smart card transaction data comprising dynamic card verification data, the wireless communication device further configured with a transaction application corresponding to the contactless smart card application configured to format the contactless smart card transaction data, including the dynamic card verification data, for a magnetic stripe transaction and communicate magnetic stripe transaction data by near field communication to the companion card, the magnetic stripe transaction data including the formatted contactless smart card transaction data, including the dynamic card verification data, the dynamic card verification data being provided in place of static card verification data.
Dependencies are inferred from the claim text.