The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Aug. 01, 2006
Filed:
May. 12, 2005
Fonda J. Daniels, Cary, NC (US);
Timothy Earl Figgins, Raleigh, NC (US);
David Bruce Kumhyr, Austin, TX (US);
John Kenneth Senegal, Durham, NC (US);
Fonda J. Daniels, Cary, NC (US);
Timothy Earl Figgins, Raleigh, NC (US);
David Bruce Kumhyr, Austin, TX (US);
John Kenneth Senegal, Durham, NC (US);
International Business Machines Corporation, Armonk, NY (US);
Abstract
For added security against fraud, a financial services card such as a credit card is paired with a separate tag such as an RFID tag. A system for minimizing fraud includes a card reader for reading a card ID, a tag reader for reading a tag ID, and a controller for comparing the card ID with the tag ID, and approving or rejecting a card transaction based on the comparison. A method for minimizing fraud includes reading a card ID from the financial services card, reading a tag ID from the tag, comparing the tag ID with the card ID, and approving or rejecting a transaction based on the comparison. The card reader may send a security stamp to the tag, which may combine and encrypt a partial tag ID and the security stamp to provide the tag ID.