Invention Grant
- Patent Title: System, method, and apparatus for a dynamic transaction card
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Application No.: US16507784Application Date: 2019-07-10
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Publication No.: US10657520B2Publication Date: 2020-05-19
- Inventor: James Zarakas , Theodore Markson , Adam Koeppel , Kevin P. Kelly , Brian Briggman , Saleem Sangi , David Wurmfeld , Tyler Locke , Karla Escalante
- Applicant: Capital One Services, LLC
- Applicant Address: US VA McLean
- Assignee: CAPITAL ONE SERVICES, LLC
- Current Assignee: CAPITAL ONE SERVICES, LLC
- Current Assignee Address: US VA McLean
- Agency: Troutman Sanders LLP
- Agent Christopher J. Forstner; John A. Morrissett
- Main IPC: G06Q20/40
- IPC: G06Q20/40 ; G06Q20/34 ; G06K19/07 ; G06K19/077 ; G06Q20/10 ; G06Q20/04 ; G07F7/08 ; G09B21/00 ; G06K19/02 ; G06K19/04 ; G06Q20/32 ; G06Q20/38

Abstract:
A dynamic transaction card and methods for providing improved security during transactions are described. The dynamic transaction card can attempt to connect wirelessly to a mobile device. The dynamic transaction card can then send a transaction request to a backend system, including whether the connection to the mobile device was successful. The backend system can then calculate a fraud score based on the connection response, among other things. The backend system may approve or deny the transaction request from the dynamic transaction card based on the fraud score.
Public/Granted literature
- US20190333047A1 SYSTEM, METHOD, AND APPARATUS FOR A DYNAMIC TRANSACTION CARD Public/Granted day:2019-10-31
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