Abstract: Methods and systems for conducting a secure online transaction with a payment card are described. In an embodiment, a user selects a secure payment option during an online transaction which is transmitted to a merchant computer. A notification is received from the merchant computer of initiation of a secure transaction process, and then the user computer enters a secure transaction mode of operation and establishes a communication session with a payment provider device. The user computer prompts the user to present a payment card to a card reader device, reads payment card data, creates a request message, transmits the request message to a payment provider computer causing the payment provider computer to provide substitute payment card details to the merchant computer to complete the online payment transaction, and then exits the secure transaction mode.

Abstract: Devices, systems, and methods for securely converting a user's existing static payment card data into dynamic card data that can be authenticated by card issuers or by a stand-in service provider, such as a payment network or processor without requiring the card issuers to make infrastructure changes. The dynamic data can be provisioned onto a magnetic secure transmission device (MST) either directly from a card issuer or using a swiper type device. Devices, systems, and methods are also disclosed for securely provisioning a dynamic card onto the MST by the card issuer. These dynamic cards may be used to transmit modified one-time- use card track data from the MST to a point of sale using a dynamic-CVV methodology to provide higher levels of security during a transaction.

Abstract: Methods and a system are provided for secured processing of a credit transaction. The method comprises receiving from a customer interface device a credit request for a transaction account having a zero credit, the credit request comprising a credit amount and a customer security input; verifying the customer security input; and conditional upon verifying the customer security input: (i) debiting an offline credit account by the credit amount, and crediting the transaction account with the credit amount; and (ii) debiting the transaction account by the credit amount, and crediting a merchant account with the credit amount.

Abstract: The present invention relates to systems and methods of randomly generating a Personal Identification Number (“PIN”) for a credit or debit card. A smart phone or other mobile device generates the PIN. The PIN number is required to be generated before a credit or debit card transaction is approved by the issuing authority.

Abstract: A user enables a communication, such as through a tap, between an NFC-enabled payment or funding card and a mobile device. Card information, such as the card number, type, and expiration date, are read by the mobile device. The user is then authenticated through the user device, such as by entering a CVV code, a PIN for the card, a cardholder name, and/or a billing address for the card. If confirmed, the card is added to the user's mobile/cloud wallet.

Abstract: An on-line credit card payment includes a user terminal to access a shopping mall server and select at least one commodity information transmitted by the shopping mall server and request payment based on the selected commodity information; a payment server configured to receive a payment signal according to the payment request from the shopping mall server, and generate a push message corresponding to the payment signal; a mobile terminal configured to receive the push message and including a payment application which automatically operates in response to receipt of the push message; a value added network (VAN) company server configured to transmit a one-time card number (OTC) from the mobile terminal to the payment server, and extract a card number by receiving a block data of a credit card corresponding to the OTC from the payment server; and a card company server configured to approve the credit card payment

Abstract: An embodiment includes a credit card device capable of generating a programmed magnetic field of alternating polarity based on a speed of a card swipe, and methods for constructing the device for the purpose of emulating a standard credit card. An apparatus is described to allow said device to emulate behavior of a credit card when used in electronic credit card readers. Additionally methods are described to allow user control of said device for the purpose of authorizing or controlling use of said device in the application of credit, debit and cash transactions, including cryptocurrency and card-to-card transactions. Methods are also described for generating a limited-duration credit card number when performing a transaction for the purpose of creating a limited-use credit card number, which is limited in scope of use to a predetermined number of authorized transactions. Furthermore said device may interact with other similar devices in proximity for the purpose of funds or credit/debit transfers.

Abstract: Systems and methods are provided for activating a card using augmented reality. The systems and methods may include capturing a real-time image of the card using a customer device, and extracting card information from the real-time image. The card information may be processed and used by a customer device or a financial provider server to activate the card. The customer device may display interactive graphics overlaid on the real-time card image to guide the customer through the activation process, and to educate the customer about the components of the card and aspects of the financial service associated with the card, such as a credit card service. The customer may interact with the overlaid graphics such as by selecting icons or portions of the card to trigger tutorials or to set preferences related to the card and/or financial service.

Abstract: Today, people are more used to online shopping and payment due to which frauds related to online payment is on the rise. The main modes of online payment are credits cards, debit cards, net banking. The fraud related to credit cards is increasing nowadays because people prefer using them as an easy mode of payment. In this paper, we have implemented a mechanism to detect credit card fraud using neural networks using Neuroph IDE. This paper presents the various parameters that were considered while training and testing the neural network. Also, we have presented the results and conclusions of our experiment.

Abstract: A client selects several merchants with whom the card may be redeemed, the amount redeemable, and a design for the card, which is personalized for the card recipient.

Abstract: Systems and methods are disclosed for allocating funds from a primary account to one or more configurable payment cards for use in a payment transaction. An electronic transaction system includes an account database storing account and configurable card data for a user. A budget module enables the user to allocate funds to various virtual accounts and assign configurable cards to each virtual account, and configure resource limitations and use restrictions on each virtual account and configurable card. A user device provides an interface for managing the account, budget and configurable card information and receives a real-time account, budget and configurable card information. The configurable cards may be used to make payments through a merchant's point-of-sale system which interfaces with the electronic transaction system to authenticate the card transaction.

Abstract: A financial card activation and authorization system for a transaction is disclosed. An image of an account holder and his financial card is captured and used to develop an encryption key to secure the account information. Subsequent transactions are then authorized by sending an image of the purchaser's face and the financial card by comparing it to the original picture of the account holder who activated the card.

Abstract: A computing device for providing risk-based decisioning to a merchant during payment card transactions is provided herein The computing device is programmed to receive, from the merchant, transaction data associated with a payment card transaction The computing device is further programmed to compute a risk score for the payment card transaction based at least in part on the transaction data and infrastructure data associated with the payment card transaction The computing device is also programmed transmit an indication of acceptable risk to the merchant if the risk score satisfies a first pre-defined threshold The computing device is still further programmed to initiate an authentication challenge of the suspect consumer if the risk score satisfies a second pre-defined threshold

Abstract: Device, system and method for creating virtual credit are provided. The method includes acquiring user real-name information from a user interface by a terminal device, wherein an electronic exchange account associating with the acquired user real-name information is not saved in a first server； sending the user real-name information to a second server； detecting if a credit card account associating with the user real-name information is saved in the second server, and creating a virtual credit card account if the credit card account is saved in the second server； and storing the virtual credit card associated with the virtual credit card account in the data storage of the first server.

Abstract: INTRODUCTIONMagnetic stripe cards have been the dominant mobile payment method in the United States for quite some time. We differentiate mobile electronic payments (historically credit cards) from electronic funds transfers (EFT) which are used to move money and pay bills. Unlike ETF?s, mobile electronic payment systems are primarily used at retail establishments, and the magnetic stripe still rules these transactions, for now.Newer technologies and new applications of one specific technology are challenging the magnetic stripe card. These include Near-Field Communication (NFC), Code-Based, and Cloud-Based (Hayashi & Bradford, 2014). Apple Pay and Google Wallet are examples of an NFC based system which require a compatible device and reader. CurrentC is an example of a Code-Based system where the application scans a code to process the transaction. Merchants need a QR code scanner and the correct software to enable Code-Based systems. Lastly, there are Cloud-Based systems like PayPal. Consumers only need an account and merchants only need to install the correct software and interface to use Cloud-Based systems (Hayashi & Bradford, 2014).MOBILE ELECTRONIC PAYMENT OPTIONSMagnetic Stripe CardsMagnetic stripe cards have been in use for many years. Magnetic stripe cards combine ease of use with decently fast transaction times. When a consumer walks up to a register to pay, they already know exactly what to do. Take their card out, swipe it in the terminal and enter their pin. Consumers have been doing it for so long that any other method seems foreign. While magnetic stripe cards do provide reasonable ease of use and have been the payment norm for over fifty years, there are huge weaknesses to the payment method.Security is the largest concern. The physical card itself is vulnerable to theftand duplication. Some thieves are able to duplicate the card at the point of sale terminal. Since the card is physical and can be duplicated easily, misplacing the card can be a serious problem. Another issue is that transaction information is seen by the parties involved. Account numbers, description of items, and other personal information is transmitted. Magnetic stripe cards might be easy and convenient, but the glaring security issues raise huge concerns (Chase, 2014).Smart CardsSmart cards are magnetic stripe cards with additional capabilities embedded in the card. They function much like magnetic stripe cards except there is a small electronic chip embedded inside the card . Since the transaction is processed through the chip there is no need for consumers to swipe a smart card. Consumers simply insert their card into a reader, much like an ATM reader. The reader reads the information stored on the chip and completes the transaction. Because smart cards do not depend on the magnetic strip found on older cards, it is much more difficult to duplicate the card. Smart cards are slowly replacing traditional magnetic stripe cards today with many banks already sending out smart cards as replacements to magnetic stripe cards. One disadvantage is that smart cards require additional capability at the merchant in the form of an upgraded point of sale terminal. Since smart cards are not swiped, current terminals for magnetic cards will not work with smart cards unless the smart card also has a magnetic stripe (Chase, 2014).No Card and Pay at LaunchBoth Google Wallet and Apple Pay utilize near field communication (NFC) technology. These systems utilize the wireless data interchange that NFC provides to transmit payment data and complete transactions. Google Wallet was released in 2011 and had Citi, MasterCard, Sprint, First Data, Visa, American Express, and Discover all on board (Baig, 2011). It is tied to the PayPass network built by MasterCard which enables consumers to tap and pay at any of the 140,000 PayPass locations around the United States. Google Wallet uses much of the same technology as Apple Pay, however, Apple Pay is considered to be more secure since credit card specific information never leaves the Apple device (Santus, 2014). …

Abstract: A credit card reader is attached to a mobile device to process credit card transactions at the point of sale. A user of the credit card reader slides an authenticator card through the credit card reader to activate the credit card reader. Accordingly, the credit card reader may compare data stored in the authenticator card to an expected value for the data to determine whether the user is authorized to utilize the credit card reader. If there is a match, the credit card reader displays a unique password, known to the user, which the user can use to verify that the credit card reader is authentic. Further, if there is a match, the credit card reader may allow the user to process credit card transactions through the credit card reader.

Abstract: Security plays a crucial role in payment systems; however, some implementations of payment card security rely on weak cardholder verification methods, such as card and a signature, or use the card without having any cardholder verification process at all. Other vulnerable implementations of cardholder verification methods suffer from many security attacks, such as relay attacks and cloning attacks. In addition, the impact of these security attacks is high since they cause monetary losses for banks and consumers. In this paper, we introduce a new cardholder verification method using a multi-possession factor authentication with a distance bounding technique. It adds an extra level of security to the verification process and utilizes the idea of distance bounding which prevents many different security attacks. The proposed method gives the user the flexibility to add one or more extra devices and select the appropriate security level. This paper argues that the proposed method mitigates or removes many popular security attacks that are claimed to be effective in current card based payment systems, and that it can help to reduce fraud on payment cards. Furthermore, the proposed method provides an alternative verification technique and enables cardholders with special needs to use the payment cards and make the payment system more accessible.

Abstract: The present invention provides a method for writing a card over the air, a server and a smart card, the method includes: receiving, by a server, a card writing request transmitted by a portal site, where the card writing request carries a preset number and a card writing number corresponding to a smart card to be written; acquiring first card data corresponding to the card writing number according to the card writing number; transmitting the first card data to the smart card according to the preset number to instruct the smart card to correspondingly replace, except an original authentication key parameter, original card data corresponding to the preset number with the first card data, and correspondingly replace the original authentication key parameter in the original card data with a first authentication key parameter presorted in the smart card, so that the smart card completes card writing over the air.

Abstract: The disclosure is related a payment-by-proxy service that receives a payment request made by a joint payment card and processes the received payment request by a primary payment card linked to the joint payment card through a payment card processing system including, user devices, a payment terminal of a merchant, a service server of the payment-by-proxy service, and financial institution servers associated with the payment card and the primary payment card. For such a service, a payment card may be configured to store an identification data used for requesting a payment and an initiation data used for processing a payment through the payment-by-proxy service, to generate an initiation message based on the stored initiation data upon receipt of a request signal for the identification data from the payment terminal, and to transmit the generated initiation message to the payment card processing system in response to the request for the identification data.

Abstract: A method for applying and buying with a co-branded virtual card is disclosed. The method includes receiving a customer application for a co-branded credit card at a time of purchase, performing a customer qualification for the co-branded credit card at the time of purchase, providing access to a virtual co-branded card for a qualified customer, the virtual co-branded card having a valid credit card number, a valid credit card expiration date and a valid credit card security code and authorizing the use of the virtual co-branded card to buy goods at the time of qualification.

Abstract: A transaction card comprises a substrate having an IC. An interface is coupled to the IC for signal transmission; a security code generator is coupled with the IC to generate a security code for banking transaction; an electricity generating button is coupled to the security code generator to generate the security code, a display is on the substrate and is coupled to the IC for displaying the security code. The electricity generating button includes piezoelectric material to generate electricity by piezoelectricity. The interface is contactless or contact type. The display is electronic paper, OLED, FED.

Abstract: EATM is an electronic banking outlet that allows banks customers to complete one or more banking transactions without the aid of any bank official or teller. It is a self-service technology in financial service delivery usually adopted by financial institutions to reach their customers outside the banking hall. The user of existing EATM machine uses card to access their account to perform one or more financial transactions. Several problem are associated with the use of card such card cloning, card damaging, card expiring, cast skimming, cost of issuance and maintenance, accessing customer account by third parties, waiting time before issuance expiring or new card. This paper presents the conceptual framework of design, specification, and model of the EATM system that uses no card. The proposed system will use alphanumerical PIN, and biometric fingerprint to control access to the ATM.

Abstract: A system for effecting electronic payments via multiple payment schemes from a single payment integrated circuit (IC) card includes a payment IC card conforming to a payment card standard, the payment IC card being issued with a plurality of primary account numbers (PANs) from the payment card standard; a wallet server storing account details of one or more payment schemes with which a user has an account; and a vendor payment system configured to accept transactions using the payment card standard. The payment IC card is operable to transact with the vendor payment system using the payment card standard. The vendor payment system is operable to provide to the wallet server one of the PANs issued to the payment IC card to effect a financial transaction via one of the payment schemes with which the user has an account.

Abstract: The embodiment(s) relates to a method and system for authenticating a user conducting a payment card transaction using a payment card. The method includes comparing, in a secure element containing secured data including a first code and first payment card information associated with the first code, or a mobile device to which the secure element is connected, the first code with a second code provided as an entry at the mobile device, and the first payment card information with second payment card information of the payment card read from the payment card via a card reader of the mobile device when the payment card is near the card reader of the mobile device. The method includes transmitting user authentication information associated with the first code for conducting the payment card transaction when there is a match between the first and second codes and the first and second payment card information.

Abstract: A method and system for managing payment card transaction instructions at a point of interaction (POI) device. The method includes storing one or more payment card transaction instructions received from an entity responsible for a plurality of payment cards usable with the POI device wherein the payment card transaction instructions are associated with at least one of a brand and a product of the entity. The method further includes receiving, from a merchant, a payment card identifier before or during a payment card transaction, the payment card identifier including a plurality of fields. The method also includes communicating to the central store at least a portion of one or more of the plurality of fields and transmitting the one or more payment card transaction instructions to the POI device, from the central store, that correspond to the one or more payment card transaction instructions associated with the payment card identifier.

Abstract: In one aspect, a computerized method for secure credit card commerce transactions can include the step of receiving in a computer with a memory, from a user-side computing device, an electronic message that a user intends to use a credit card, wherein the electronic message comprises a request to activate the credit card, and wherein the credit card is initially in an inactive state. With at least one processor of the computer implementing the following steps can be implemented: placing the credit card in an active state; detecting that the credit card has been used for a commercial transaction; and placing the credit card in an inactive state after it has been detected that the credit card has been used for a commercial transaction.

Abstract: A computing device for risk-based analysis of a payment card transaction is provided herein. The computing device includes a processor communicatively coupled to a memory. The computing device is programmed to receive a request for authentication of the payment card transaction. The payment card transaction includes a suspect consumer presenting a payment card from a digital wallet of a privileged cardholder. The computing device is also programmed to identify fraud feature data from the digital wallet. The computing device is further programmed to compute a fraud score for the payment card transaction based at least in part on the fraud feature data. The computing device is still further programmed to provide the fraud score for use during authentication of the suspect consumer.

Abstract: Technologies for closed-looped testing of integrated circuit card payment terminals include loading a test profile onto an integrated circuit payment card. Authorization request and response messages are locally generated and translated to simulate acquirer processor processing and payment network processing. An outcome report indicative of the outcome of the test transaction is generated and transmitted to a remote certification server. Other embodiments are described and claimed.

Abstract: A kiosk gift card system and method for purchasing and redeeming gift cards is disclosed. The system/method includes a gift card distribution kiosk that provides a user with access to a multitude of different forms of gift cards that may be purchased and printed onto customizable gift card stock. The kiosk includes a kiosk processor interface, a gift card dispenser, a card reader, and gift card management server connected to a network. The gift card management server, through the kiosk processor interface, provides vendor options to users to select and pay via the card reader. The kiosk may be used to redeem unused user gift cards for a reduced value user selected gift card, reduced cash value, full value store card, rewards points, bank debit, and/or an electronic code (eCode) towards online user purchases.