Abstract: A credit card system is provided which has the added feature of providing additional limited use credit card numbers and/or cards. These numbers and/or cards can be used for a single or limited use transaction, thereby reducing the potential for fraudulent reuse of these numbers and/or cards. The credit card system finds application to “card remote” transactions such as by phone or Internet. Additionally, when a single use or limited use credit card is used for “card present” transactions, so called “skimming” fraud is eliminated. Various other features enhance the credit card system, which will allow secure trade without the use of elaborate encryption techniques. Methods for limiting, distributing and using a limited use card number, controlling the validity of a limited use credit card number, conducting a limited use credit card number transaction and providing remote access devices for accessing a limited use credit card number are also provided.

Abstract: Purpose – To make readers aware of the pervasiveness of credit card fraud and how it affects credit card companies, merchants and consumers.Design/methodology/approach – A range of recent publications in journals and information from internet web sites provide corroboration and details of how fraudsters are using credit cards to steal billions of dollars each year. Numerous schemes and techniques are described in addition to recommendations as to how to help control this growing type of fraud.Findings – Credit card fraud is a healthy and growing means of stealing billions of dollars from credit card companies, merchants and consumers. This paper offers current information to help understand the techniques used by fraudsters and how to avoid falling prey to them.Research limitations/implications – This fraud relies on technology currently available and the easy ability to obtain machinery to steal individual identities and account information, and to produce fraudulent credit cards. Information cited is cu...

Abstract: A method of registering a credit card user's credit card information by a credit card management organization. A card user accesses the card management computer system in a computer network. The method provides a user interface whereby the user grants authorization to the card management organization to obtain the card user's credit report from a credit reporting bureau. The method further transmits a request for the user's credit report to a credit reporting bureau and automatically downloads the user's credit report when received. The method further parses the credit report to determine a card issuer for each card on the credit report using a database of card issuer aliases. The method then fully or partially automatically registers each card with the user's account in the card management association and then presents the opportunity to the user to review and edit each card.

Abstract: A payment card or other device (e.g., mobile telephone) is provided with a magnetic emulator operable to communicate data to a magnetic stripe read-head. A user can utilize buttons located on the card to perform activities that would otherwise be performed at an ATM, payment card reader, or by a waitress. A user can provide instructions on a card to accelerate a transaction. The information a user enters can be communicated to a point-of-sale device. For example, a user can enter into his/her card that the user desires $100 withdrawal from a checking account. The user can also enter his/her PIN into the card. The user can swipe his/her card into an ATM and instantly be provided with the desired $100.

Abstract: In this paper we have survey on biometric payment system. Biometric payment system is used for various kinds of payment system instead of the tension of cards to put with them and to memorize their difficult passwords and pin numbers. Biometric payment system is much safe and secure and very easy to use and even without using any password or secret codes to remember as compared with previous system like creditcard payment system, wireless system and mobile system etc. Biometric payment system is reliable, economical and it has more advantages as compared with others. In daily life the usage of credit cards, check card for shopping, bus card, subway card for traveling, student card for library and department, and many kinds of cards for unlimited purposes and so on. So problem is that a person has to take many cards and has to remember their passwords or secret codes and to keep secure to take with him all time. So the biometric payment system will solve this problem. Greater adoption of biometric payment system will drive down the cost of biometric readers and thus making it more affordable to small business owners. We really need alternate payment systems. This "perpetual toll" to credit card companies has to stop.

Abstract: The present invention relates to a “double recognizing method by means of telephone number and identification code for online credit card transactions over the internet,” in which the credit card holder not only registers a “self-chosen code” by himself/herself for VBV (Verified By VISA) or MSC (MasterCard SecureCode) network identity verification but also registers another set of “telephone number and identification code” by himself/herself for serving as an exclusive personal double identity recognizing information for online credit card transactions. The credit card issuing bank registers and stores the set of “telephone number and identification code” on a double recognizing database after checking truth of the related identity certificate provided by the credit card holder. When the credit card issuing bank handles the online credit card transaction of the credit card holder over the network, the credit card issuing bank not only proceeds the check on the “self-chosen code” used in the original VBV or MSC verification system but also performs the double check on the “telephone number and identification code” used in the telecommunications transceiving processor platform of the internal credit card double recognizing computer system, for example by sending out a short message to the credit card holder for requesting him/her to immediately reply by another short message to his/her “telephone number and identification code.”

Abstract: A payment card (e.g., credit and/or debit card) or other device (e.g., mobile telephone) is provided with a magnetic emulator operable to communicate data to a magnetic stripe read-head. Gift cards may be inputted by a user into such a payment card or other device such that a user can combine gift cards. Similarly, a user be provided with a global payment account that can be utilized in multiple countries that have different standards for formatting data. A user may be provided with a default country (e.g., United States) but may have a way to select that the user is in a different country (e.g., Japan). Accordingly, a user may select that a Japanese data structure be transmitted through a magnetic stripe reader when the user is in Japan.

Abstract: A method and apparatus for security that protects bankcard data from merchant systems and uses a payment card ( 30 ) and payment system ( 12 ) that can be used by a customer ( 20 ) to perform a transaction with a merchant ( 22 ) using an existing bankcard ( 31 ) of the customer ( 20 ). In some of the embodiments, the payment card ( 30 ) provides a level of security to the customer ( 20 ) because the payment card ( 30 ) does not identify the customer ( 20 ) by name. Further, the card number and/or expiration date of the bankcard ( 31 ) is not disclosed to the merchant ( 22 ).

Abstract: The invention is directed to a system and method for managing a payment system. The method generally comprises activating a payment card, associating a value with the payment card, associating at least one third party with the bill payment card, receiving a request from a bill payment card user to transfer at least some of the value to a selected third party, the request comprising receiving an identifier associated with the payment card and receiving an indication of an amount of value to transfer, and transferring at least some of the value to the selected third party. Systems of the invention may generally comprise one or more payment cards, a database storing a plurality of records comprising information related to the payment card; one or more communication devices; and a processor in communication with the database and in selective communication with the communication device.

Abstract: A system and method employs a categorized list of business names to identify a category corresponding to transaction information, such as credit card transaction data.

Abstract: In one implementation, a method for providing access to a secure facility includes authenticating the user; generating a card credential, transmitting the card credential to an access card carried by of the user, and transmitting the card key to the access card in a form that is usable by the access card. The generating the card credential includes encrypting the card key using a server encryption key. The card key is usable for a challenge-response interaction during subsequent access requests by the user.

Abstract: Methods and a system for providing a service enabling users to securely request and receive data representing details of a payment card using a mobile telephony device. The data representing details of a payment card can then be used to partake in a commercial transaction in which the user is not present at, or remotely located from, the point of transaction.

Abstract: A gaming device includes a housing and a game display carried by the housing for displaying one or more games. The gaming device further includes two card readers carried by the housing: a first card reader to read information indicative of a player identity from a player club card issued by a casino, and a second card reader to read information indicative of a financial account from a financial card issued by a financial institution.

Abstract: A method and apparatus for time-based one-time password generation using a wireless communications device for two-factor authentication are described. The computer-implemented method comprising detecting launch of a security code generation application on a wireless communications device, generating a first unique security code upon launching the application, displaying the first security code on the wireless communications device, determining based on time whether to generate a new unique security code, and displaying the new unique security code.

Abstract: The invention concerns A system for controlling user access to a service having a read device (210) arranged to contactlessly read a payment card (211) of a user; and a control block (214) coupled to an entry gate (202), the control block arranged to determine whether online payment authorization should be requested for the payment card, wherein if it is determined that online payment authorization should be requested, the control block is arranged to allow the user access to the service prior to completing an online payment authorization for the payment card.

Abstract: A system, method and prepaid payment card configured to display a current card balance on the prepaid payment card. The prepaid payment card receives a balance request from a button on the card. After retrieving the current card balance encoded on the prepaid payment card, the card displays the current card balance. Remote terminals may be configured to support the real-time display of a balance on a prepaid payment card by writing the current balance to the card after a payment transaction has occurred.

Abstract: Embodiments of the invention provide a means for verifying that a person using a bank card at a point-of-sale merchant location is in fact a person authorized to use the bank card. In one embodiment of the invention, verification may involve communicating with the mobile device 103 associated with the person authorized to use the bank card. The person authorized to use the bank card may be required to send verification data to the bank card verification system via the mobile device to confirm a purchase. The bank card verification system may not authorize the purchase if the proper verification data is not received from the mobile device. In another embodiment, the bank card verification system may be configured to determine a proximity of the mobile device to the merchant point-of-sale location to verify the purchase.

Abstract: Disclosed herein is an artificial intelligence payment system for recommending an optimum card capable of providing a maximum benefit from among a plurality of cards issued to a user. The artificial intelligence payment system includes a payment apparatus ( 110 ) for receiving an Identification (ID) of a combination card and payment amount information, transmitting the combination card ID and the payment amount information to an optimum card recommendation server ( 120 ), and receiving priority information based on benefits of a plurality of cards mapped to the combination card ID from the optimum card recommendation server. The optimum card recommendation server generates card priority information, which includes optimum card recommendation information, on a basis of benefits of respective cards and a specific optimum card recommendation algorithm with respect to the plurality of user cards mapped to the combination card ID, and provides the card priority information to the payment apparatus.

Abstract: A virtual credit card, as a set of data, free of a physical substrate, the data being adapted to authorize a person who is in possession thereof to pay for a product or service, in particular in the framework of an online transaction, the data set being produced on the basis of a credit card account or a pre-payment and in response to a user authentication procedure involving an evaluation of biometric features of a user, in particular of his/her voice profile, and being available at a telecommunication terminal, in particular a mobile phone, of the authenticated user.

Abstract: Approximately half of credit card holders in the United States regularly carry unpaid credit card debt. These so‐called “revolvers” exhibit payment behavior that differs from that of those who repay their entire credit card balance every month. Previous literature has focused on the adoption of debit cards by people who carry credit card balances, but so far there has been no empirical analysis exploring the relationship between revolving behavior and patterns of payment use, such as substitution away from credit cards to other payment methods. Using data collected in the 2005 Survey of Consumer Payment Preferences, we explore the relationship between revolving credit card balances and payment use. We find that credit card revolvers are significantly more likely to use debit and less likely to use credit than convenience users who repay their balances each month. There is no significant difference between these two types of credit card users in their use of check or cash. The two groups differ in their perceptions of payments as well as in their payment behavior: revolvers are significantly less likely to view debit as superior with respect to ease of use and acceptability, but more likely to see debit as superior with respect to control over money and budgeting.

Abstract: A distributed computing system for processing a credit card transaction is provided. The computing system includes a first computer-readable storage medium in which computer-readable code is for directing a first computing device to process and transmit transaction information pertaining to a credit card from a first location to a second location through a communications network. The computing system also includes a second computer-readable storage medium in which computer-readable code is stored for directing a second computing device to (1) determine the identity of an authorized user of the credit card based upon the subscriber identifier, (2) establish a communications link with the authorized user, (3) provide to the authorized user through the established communications link the transaction amount and prompt the authorized user for a transaction authorization, (4) authorize the credit card transaction if the authorized user provides the transaction authorization, and (5) negate the credit card transaction if the authorized user does not provide the transaction authorization.

Abstract: A computer-implemented method and system for interchange adjustment as it relates to private label accounts involves enabling a private label card account with a partner by a card issuer through a card association network with a special program fee that is greater or less than a pre-determined interchange fee established by the card association; issuing a private label card by the card issuer to a cardholder and establishing an associated private label card account for the cardholder; and receiving data for a transaction by a processing system of the card association. The card association processing system calculates and collects the established interchange fee on behalf of the card issuer and sends the transaction data to the card issuer, which calculates a difference between the interchange fee and the special program fee and sends an adjustment back seamlessly through the card association network for credit or debit to an account of the partner.

Abstract: A payment card comprises a store of issuer-defined pre-generated cryptograms that are loaded only once into the Card by a perso-bureau or issuer. An on-board and autonomous electronic display of the personal account number (PAN), card verification value (CVV), or expiration date (EXP) is auto-sequenced through the stored cryptograms. Each value displayed to the user is unique, and useful in a financial transaction only once. The Card thus requires no changes in behavior on the part of the User, because the existing merchant infrastructure is already equipped to collect PAN+CVV+EXP data for user verification and transaction authorization.

Abstract: A rechargeable and disposable electronic funds (cash card) issued by a non-financial facility, such as a check cashing facility, a payday loan facility or a short term loan facility, is disclosed where the card substitutes for the cash and is labeled in the name of a bank type financial institution with which the non-financial facility has a relationship. The card can be charged with a variable amount on money. When used at a store for a purchase it can act like a debit card but need not have a name of the holder associated with (or embossed on) it like a gift card, so the user can remain anonymous. The card can be upgraded to a rechargeable or debit/credit card. The card can draw on an account or sub account of the check cashing service or of the bank.

Abstract: The present invention provides for exchanging a gift card. Data associated with a first gift card is provided. The data associated with the first gift card is validated. With a money rebate associated with the first gift card, or a second gift card is selected. The first gift card is exchanged for either a money or the second gift card. An exchange fee is generated by both the vendor associated with the gift card and the company performing the exchange.

Abstract: Systems and methods for the activation and use of a temporary financial card are provided. A customer may cause a temporary financial card to be activated and associated with a value, and may give the card to a recipient who may use the temporary financial card to conduct financial transactions.

Abstract: A system and method for processing payment transactions made in the commerce using diverse payment device types. A centralized transaction processing platform is integrated with a standard payment-by-card industry network to process transactions made using different payment device types in the same manner as a conventional credit or debit card transaction. A single platform can provide a range of secure, flexible physical and virtual world payment solutions for all devices types including physical and virtual cards, RFID, mobile, etc.

Abstract: Credit card transaction authorization is performed using ad-hoc, short-range wireless links to obtain item identification information from items that include ad-hoc short range wireless link transmitters and that are carried by a user who is associated with a prospective credit card transaction. Authorization information for the prospective credit card transaction is generated based on the item identification information that was obtained. Location information for a wireless terminal that is associated with the user and/or Internet Protocol (IP) address information for a transaction terminal that is associated with the transaction may also be used. Related systems, devices and computer program products are also described.