Method and apparatus for using at least a portion of a one-time password as a dynamic card verification value

摘要

Method and apparatus for using at least a portion of a one-time password as a dynamic card verification value (CVV) are disclosed. A credit/debit card is able to generate a dynamic card verification value (CVV). Such a card may also include an indication that the dynamic CVV is to be used as a security code for purchasing or other transactions. A card-based financial transaction can be authorized in accordance with the use of a dynamic CVV by receiving a transaction authorization request for a specific credit/debit card, wherein the transaction authorization request includes a dynamic CVV. The dynamic CVV can be compared to at least a portion of a one-time password generated for the specific credit/debit card, and a transaction authorization can be sent to the merchant or vendor when the dynamic CVV matches all or a portion of the one-time password.

主权项

1. A credit/debit card able to generate a dynamic card verification value (CVV), the credit/debit card comprising:
a body the size and shape of a credit/debit card; a one-time password generator disposed within the body to generate the dynamic CVV; a display disposed within the body, wherein the display is configured to display a challenge to a user, wherein the challenge is generated by a challenge based algorithm that requires alpha-numeric inputs to be available; a speaker disposed within the body, wherein the speaker is configured to present, upon request, the challenge to the user and present the dynamic CVV; two or more input devices disposed within the body for alpha-numeric inputs, wherein the two or more input devices are configured to receive a challenge response in response to the challenge being displayed on the credit/debit card by the challenge based algorithm, and wherein the challenge response comprises two or more alpha-numeric inputs by the user; the display disposed within the body configured to display the dynamic CVV based at least in part on the received challenge response; a validation device to authenticate the use of the card as a credit/debit card; and an indication that the dynamic CVV is to be used as a security code.