Method and apparatus for providing real time mutable credit card information and for providing timestamp functionality

摘要

A method for using a smartcard is provided. The smartcard may include a microprocessor chip, a button, a dynamic transaction authorization number, a Bluetooth low energy (“BLE”) device, and a battery. The battery may power the BLE and the microprocessor chip. The smartcard may also include memory. The memory may store the dynamic transaction authorization number. The smartcard may also include a dynamic magnetic strip. The dynamic magnetic strip may include a digital representation of the dynamic transaction authorization number. The method may include pressing the button. The method may also include transmitting an instruction to a smartphone for a request for a dynamic transaction authorization number. The transmission of an instruction may be in response to the pressing of the button. The method may also include receiving a dynamic transaction authorization number from a smartphone.

主权项

1. A smartcard apparatus comprised of:
a microprocessor chip; a button; a dynamic transaction authorization number; and a Bluetooth low energy device (“BLE”) which is configured to:
transmit an instruction to a smartphone for a request for a dynamic transaction authorization number, when the button is depressed a first time;receive the dynamic transaction authorization number from a smartphone; a battery configured to power the BLE and the microprocessor chip; memory configured to store the dynamic transaction authorization number; and a dynamic magnetic strip comprising a digital representation of the dynamic transaction authorization number; andwherein the smartcard is configured to:
communicate with an application on a smartphone; receive information from an administrative database network via the application on the smartphone; transmit information to the administrative database network via the application on the smartphone; receive a transmission of the digital representation of the dynamic transaction authorization number from the smartphone; record the transmitted digital representation and a timestamp of the first button depression in response to the first depression of the button on the smartcard; and in response to a second depression of the button on the smartcard, transmit to the administrative database network;
the second button depression timestamp;the first button depression timestamp;the dynamic transaction authorization number that has been active in between the first button depression timestamp and the second button depression timestamp.