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Smart card with random temporary account number generation

[Category : - OTHER]
[Viewed 598 times]

The smart card with random temporary account number generation provides an authenticating system coupled with an access or transaction card, such as a credit card. The card includes first and second memory storage media, with the first memory medium containing a plurality of temporary account or authentication numbers. The card also has a biometric sensor, such as a fingerprint scanner, and the second memory stores the biometric parameters of the authorized user. A processor compares the biometric parameters with the measured biometric readings to enable the card. The processor has a random number generator, allowing for the randomized selection of one of the account numbers stored in the first memory, thus providing a temporary account number for the transaction. A remote site includes an identical random number generator and set of account numbers, allowing the temporary account number to be verified and then discarded, following the transaction.

Financial information

This patent will help eliminate fraudulent credit and debit card transactions which is costing banking and financial institutions billions of dollars on a yearly basis.

Patent publications:

US 7841539

Asking price:

Above 1 million USD

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Viewed: 598 times

Seller:

ahewton (United States)

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