News Column

"Light-Powered Smart Card for On-Line Transaction Processing" in Patent Application Approval Process

July 1, 2014



By a News Reporter-Staff News Editor at Information Technology Newsweekly -- A patent application by the inventor Kim, Moon J. (Wappingers Falls, NY), filed on July 22, 2013, was made available online on June 19, 2014, according to news reporting originating from Washington, D.C., by VerticalNews correspondents.

This patent application has not been assigned to a company or institution.

The following quote was obtained by the news editors from the background information supplied by the inventors: "Current identification cards typically use static information for online uses. Such static information is generally easy to hack and/or intercept. Additional instruments/hardware for user identification can increase costs and/or may be unrealistic to use due to the volume of potential users/customers and the number of cards processed at any given point of sale.

"U.S. Pat. Nos. 7,533,828 and 7,278,581 disclose an electronic credit card device which includes a keypad, display, speaker, infrared (IR) data input/output (I/O), and radio frequency components.

"U.S. Pat. No. 7,205,473 discloses a smart card with an integrated flexible photovoltaic cell or a display module.

"U.S. Pat. No. 6,641,050 discloses a smart card that incorporates an electronic fuse and random number generator to improve user authentication security functions during financial transactions.

"U.S. Pat. No. 6,325,285 discloses a smart card with an integrated fingerprint reader surface.

"U.S. Pat. No. 6,050,494 discloses a smart card with an integrated circuit board, a LCD device, a solar cell unit, and an IC which is connected to all electrical components of the smart card.

"U.S. Pat. No. 4,954,985 discloses a data storage card with an integrated liquid crystal display and a data storage region.

"U.S. Pat. No. 4,916,296 discloses a smart card which utilizes 'light modulated by a spatial light modulating device' to transmit stored data.

"U.S. Pat. No. 4,758,718 discloses a secure IC card.

"U.S. Patent Application 20090248581 discloses a payment card that includes a 'display to support card-not-present transactions where no card reader is available to automate the transaction'.

"U.S. Patent Application 20070241183 discloses a similar 'user display for card-not-present transactions' as 20090248581 but the displayed code is a personal identification number (PIN) rather than a unique account number.

"U.S. Pat. No. 7,814,332 discloses a biometrics payment device that primarily deals with voiceprint biometric data.

"U.S. Pat. Nos. 7,780,091, 7,690,577, and 7,637,434 disclose a method for registering biometric information for use in an RFID transponder-reader system.

"U.S. Pat. Nos. 7,677,459 and 6,997,381 disclose a smart card reader with dual card insertion points.

"U.S. Pat. No. 7,543,156 discloses a transaction authentication card which uses biometric input and a wireless output.

"U.S. Pat. No. 7,500,616 discloses a system and methods for biometric security using multiple biometrics in a system.

"U.S. Pat. Nos. 7,451,925, 7,451,924, 7,445,149, 7,438,234 and 7,314,164 disclose a system and methods for biometric security.

"U.S. Pat. No. 7,341,181 discloses a method for biometric security using a smartcard.

"U.S. Pat. No. 7,277,562 discloses a biometric imaging capture system and method.

"U.S. Pat. No. 7,172,115 discloses a biometric identification system that includes one or more identification devices or cards.

"U.S. Pat. No. 6,662,166 discloses a method and device for token-less authorization of an electronic payment.

"U.S. Patent Application 20100082444 discloses a portable point of purchase user interface that can include near field communication devices, camera, scanner, and a biometric sensor for acquiring the identification or payment information.

"U.S. Patent Application 20080278325 discloses a programmable RFID transponder for transmitting unique identifier data stored in the RFID transponder.

"U.S. Patent Application 20080040274 discloses a method for making secure electronic payments using communications devices and biometric data.

"U.S. Patent Application 20070033150 discloses a biometric web payment system.

"U.S. Patent Application 20060224504 discloses a mobile biometric merchant transaction device.

"U.S. Patent Application 20060170530 discloses a fingerprint-based authentication method."

In addition to the background information obtained for this patent application, VerticalNews journalists also obtained the inventor's summary information for this patent application: "In general, embodiments of the present invention relate to a light-powered smart card and associated methods for automated information (static and dynamic) exchange pursuant to a commercial transaction. In a typical embodiment, the card (e.g., a credit card, a debit card and/or a smart card) comprises (among other things) an energy component for providing power to the card. Upon powering up via a light source, including light from the interfacing terminal's backlight, a terminal (e.g., a point of sale terminal) will scan/read card information shared between the card and the card company (e.g., upon swiping or placing of the card), and generate a corresponding source validation code (SVC). SVC might be influenced by the account information and card's usage history that commonly stored in the card and card company. An optional imager/image array positioned on the back of the card will scan/read the SVC, and card validation code (CVC) logic on the card will generate a CVC based on the SVC (e.g., based on a validation result of the SVC). CVC might be also influenced by the account information and card history. An optional biometric reader positioned on a front side of the card can take a biometric reading (e.g., a fingerprint) from a user of the card, and corresponding user validation code (UVC) logic will generate a UVC based on the biometric reading. UVC might be stored in card, card company, or both by card and card company by sharing common and exclusive user and biometric information. Collectively, a pass/fail result can be generated based on the SVC, CVC, (and optionally, the UVC). This result and/or the underlying codes are then manually input by the user via a web browser or an interface application and returned to the credit card company which will analyze the codes and results against a database and provide a final authorization (or declining of the transaction).

"A first aspect of the present invention provides a method for automated card information exchange pursuant to a commercial transaction, comprising: activating a card used to complete the commercial transaction using a light source; transmitting card information associated with the card to a terminal associated with the commercial transaction; receiving a source verification code (SVC) via an imager positioned on the card, the SVC being generated based on the card information; generating a card validation code (CVC) on the card using the SVC; generating a user validation code (UVC) pertaining to a validation of a user, the UVC code being generated based on a biometric reading taken via a biometric reader positioned on the card; communicating the SVC, the CVC, and the UVC to a transaction validator via a website or an interface application; and validating the commercial transaction based on the SVC, the CVC, and the UVC. SVC, CVC, and UVC are generated interactively. Card usage history held by card itself and card company might be used for SVC, CVC, and UVC. UVC might be a personal identification code (PIN), or biometric information kept in the card, card company, or both the card and card company. Biometric UVC information might be shared between card and card company exclusively and inclusively, so that whole information cannot be established by a single party.

"A second aspect of the present invention provides a card for automated card information exchange pursuant to a commercial transaction, comprising: an energy component for providing power to the card; an imager for receiving a source verification code (SVC) from a terminal associated with the commercial transaction, the SVC being generated based on the card information; card validation code (CVC) logic for generating a CVC based on SVC; a biometric reader for taking a biometric reading from a user of the card; and user validation code (UVC) logic for generating a UVC based on the biometric reading.

"A third aspect of the present invention provides a card for automated card information exchange pursuant to a commercial transaction, comprising: an energy component for providing power to the card; an imager for receiving a source verification code (SVC) from a terminal associated with the commercial transaction, the SVC being generated based on card information; card validation code (CVC) logic for generating a CVC based on SVC; a biometric reader for taking a biometric reading from a user of the card; user validation code (UVC) logic for generating a UVC based on the biometric reading; and validation logic for generating a validation result based on the SVC, the CVC, and the UVC.

"A fourth aspect of the present invention provides a method for automated card information exchange pursuant to a commercial transaction, comprising: activating a card used to complete the commercial transaction using a light source; transmitting card information associated with the card to a terminal associated with the commercial transaction; receiving a source verification code (SVC) via an imager positioned on the card, the SVC being generated based on the card information; generating a card validation code (CVC) on the card using the SVC; and communicating the VC and the SVS via a website to a transaction validator; and validating the commercial transaction based on the SVC and the CVC via the transaction validator.

BRIEF DESCRIPTION OF THE DRAWINGS

"These and other features of this invention will be more readily understood from the following detailed description of the various aspects of the invention taken in conjunction with the accompanying drawings in which:

"FIG. 1 depicts an RFID configuration according to an embodiment of the present invention.

"FIG. 2 depicts a front and back of a multi-function card according to an embodiment of the present invention.

"FIG. 3 depicts the card of FIG. 2 as used pursuant to a commercial transaction according to an embodiment of the present invention.

"FIG. 4 depicts a block diagram of the card of FIG. 2 according to an embodiment of the present invention.

"FIG. 5 depicts a method flow diagram according to the embodiment of the present invention.

"FIG. 6 depicts another method flow diagram according to the embodiment of the present invention.

"FIG. 7 depicts another method flow diagram according to the embodiment of the present invention.

"FIG. 8 depicts another method flow diagram according to the embodiment of the present invention.

"The drawings are not necessarily to scale. The drawings are merely schematic representations, not intended to portray specific parameters of the invention. The drawings are intended to depict only typical embodiments of the invention, and therefore should not be considered as limiting the scope of the invention. In the drawings, like numbering represents like elements."

URL and more information on this patent application, see: Kim, Moon J. Light-Powered Smart Card for On-Line Transaction Processing. Filed July 22, 2013 and posted June 19, 2014. Patent URL: http://appft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&u=%2Fnetahtml%2FPTO%2Fsearch-adv.html&r=6489&p=130&f=G&l=50&d=PG01&S1=20140612.PD.&OS=PD/20140612&RS=PD/20140612

Keywords for this news article include: Patents, Information Technology, Information and Data Storage.

Our reports deliver fact-based news of research and discoveries from around the world. Copyright 2014, NewsRx LLC


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: Information Technology Newsweekly


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters