Invention Grant
- Patent Title: Dynamic credit card with magnetic stripe and embedded encoder and methods for using the same to provide a copy-proof credit card
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Application No.: US11927629Application Date: 2007-10-29
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Publication No.: US07954705B2Publication Date: 2011-06-07
- Inventor: Jeffrey David Mullen
- Applicant: Jeffrey David Mullen
- Applicant Address: US PA Pittsburgh
- Assignee: Dynamics Inc.
- Current Assignee: Dynamics Inc.
- Current Assignee Address: US PA Pittsburgh
- Main IPC: G06K5/00
- IPC: G06K5/00

Abstract:
A dynamic credit card is provided in which a secure credit card number (e.g., a secret/hidden credit card number) is encoded based on a timing signal (e.g., an internal counter) to provide a dynamic credit card number. This dynamic number may be displayed to a user via a display (e.g., so that online purchases can be made) or written onto a magnetic stripe such that the number may be processed by traditional credit card merchants (e.g., swiped). At a remote facility, the dynamic number may be decoded based on time (and/or a counter/key number/equation). Thus, a dynamic credit card number may change continually or periodically (e.g., every sixty seconds) such that credit card numbers may not be copied by thieves and used at later times. A dynamic verification code may also be utilized in addition to, or in lieu of, a dynamic credit card number.
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