Cardlab Aps

Stratos Technologies, Inc.

Protean Payment, Inc.

Thiago Olson

Christopher Bartenstein

Chris Bartenstein

Henry Balanon

Frank Sandeløv

One variation of a method for controlling a dynamic transaction card includes: at a first time, accessing a first cryptogram; at a second time, establishing a wireless connection with a mobile computing device; in response to establishing the wireless connection with the mobile computing device, accessing a first token associated with the first cryptogram from the mobile computing device via the wireless connection; generating a first magnetic stripe sequence command representing the first cryptogram and the first token; and in response to detecting a magnetic stripe card reader proximal a magnetic stripe emulator integrated into the dynamic transaction card at a third time succeeding the second time, driving the magnetic stripe emulator according to the first magnetic stripe sequence command.

Method for encrypting transactions at a dynamic transaction card

One variation of a payment card includes: a sheet comprising first and second icons; a transducer configured to output a voltage in response to an impulse on the sheet; a wireless communication module; a first input region adjacent the first icon; a second input region adjacent the second icon; a magnetic stripe emulator; and a processor configured to transition from a passive state to an active state in response a voltage output from the transducer, to receive a first magnetic sequence command associated with a first payment method and a second magnetic sequence command associated with a second payment method, to assign the first payment method to the first input region and the second payment method to the second input region, to receive a selection for the second payment method from the second input region, and to control the magnetic stripe emulator according to the second magnetic sequence command.

Payment card and methods

One variation of a method for remotely controlling a payment card in real-time through a computing device includes: at the computing device, establishing a wireless connection with a payment card; over the wireless connection, receiving a first identifier of a first magnetic stripe card corresponding to a first magnetic stripe sequence command stored on the payment card; in response to receiving the first identifier of the first magnetic stripe card, rendering a first notification on a display of the computing device, the first notification indicating the first magnetic stripe card; and in response to receiving a selection for the first notification rendered on the display of the computing device, transmitting an instruction to the payment card, over the wireless connection, to emulate the first magnetic stripe card according to the first magnetic stripe sequence command during an upcoming transaction.

Method for remotely controlling a reprogrammable payment card

One variation of a method for controlling a reprogrammable payment card includes: at the payment card, establishing a wireless connection with a mobile computing device; receiving, over the wireless connection, a first magnetic sequence command corresponding to a first payment method, a first digital transaction credential corresponding to the first payment method, and a second magnetic sequence command corresponding to a second payment method; initiating a first mode; in the first mode, arming a controller within the payment card to drive a magnetic stripe emulator within the payment card according to the first magnetic sequence command; in the first mode, activating an integrated circuit within the payment card to broadcast the first digital transaction credential; and in the first mode, disabling operation of the magnetic stripe emulator and the integrated circuit in response to failure of a wireless connection with the mobile computing device.

Virtual wallet

One variation of a method for facilitating payment with a payment card includes: in response to an input on the surface of the payment card exceeding a first input threshold magnitude, transitioning from the off state into a primary payment mode; in the primary payment mode, activating a first timer of a first duration; in response to expiration of the first timer prior to a magnetic read head proximal the payment card, transitioning from the primary payment mode into a sleep state; in response to an input on the surface of the payment card exceeding a second input threshold in the sleep state, transitioning into a secondary payment mode; in the secondary payment mode, activating a second timer of a second duration less than the first duration; and driving a magnetic stripe emulator within the payment card according to a magnetic sequence command corresponding to a magnetic stripe card.

Method for facilitating payment with a programmable payment card

One variation of a method for controlling a payment card (including a magnetic stripe emulator, a processor, and an input region) includes: establishing a wireless connection with a mobile computing device; receiving, over the wireless connection, a first magnetic sequence command corresponding to a first payment method and a second magnetic sequence command corresponding to a second payment method; initiating a payment mode comprising a disable trigger; in response to selection of the first payment method through the input region, arming the processor to drive the magnetic stripe emulator according to the first magnetic sequence command in the payment mode; in the payment mode, dismissing selection of the second payment method through the input region; and in response to instance of the disable trigger, disabling operation of the magnetic stripe emulator.

One variation of a method for controlling a payment card comprising a magnetic stripe emulator and a set of input regions includes: receiving a tap input on a surface of the payment card; in response to receiving the tap input, attempting wireless communication with a mobile computing device; suppressing a payment function of the magnetic stripe emulator in response to failed wireless communication with the mobile computing device; receiving a series of inputs through the set of input regions; authenticating the series of inputs as a passcode; and, in response to authenticating the series of inputs as the passcode, enabling the payment function of the magnetic stripe emulator.

Growing community of inventors

Ann Arbor, MI, United States of America

Thiago Olson