Federated ID Secure Virtual Terminal Emulation Smartcard

Abstract

A smartcard using a combination of secure virtual terminal emulation implemented by the smartcard and Federated ID information stored on the smartcard (and optionally on a transaction processor server) to provide secure verification of the personal identity of the cardholder. The Federated ID information provides a high level personal identity verification for the cardholder while secure virtual terminal emulation by the smartcard prevents the Federated ID information from being exposed to the microprocessor and memory resources of a host computer station when the smartcard is used with the host computer station to engage in transactions. The Federated ID smartcard provides a flexible, dynamically adjustable, highly efficient and secure system for personal identity verification for online commerce and a wide range of other application involving personal identity verification.

Description

REFERENCE TO RELATED APPLICATIONS[0001]This application claims priority to commonly-owned U.S. Provisional Patent Application Ser. No. 60 / 956,506 filed Aug. 17, 2007 entitled “Internet Credit Card with a Federated ID and other Online Verification Protocols Embedded on a Smart Card along with and During the Bank (Credit / Debit) Card Application for Direct Internet Transactions, Access and Payments,” which is incorporated herein by reference.FIELD OF THE INVENTION[0002]This application relates to smartcards used for personal identification and financial transactions and, more particularly, to a smartcard configured for secure terminal emulation using Federated ID and personal identification information stored on the smartcard to provide personal identity verification for online transactions and other purposes.BACKGROUND OF THE INVENTION[0003]As online commerce and identity theft have increased, so has the need for personal identity verification and secure online commercial transactions...

AI Technical Summary

Benefits of technology

[0004]The present invention meets the needs described above through a smartcard that emulates a secure virtual transaction terminal and uses Federated ID information stored on the smartcard to provide personal identity verification for online transactions and other purposes. The combination of secure virtual terminal emulation implemented by a smartcard and the use of Federated ID stored on the smartcard to provide secure verification of the personal identity of the cardholder is powerful because the Federated ID information provides a high level personal identity verification for the cardholder while secure virtual terminal emulation by the smartcard prevents the Federated ID information from being exposed to a host computer station when the smartcard is used with the host computer station to engage in transactions requiring personal identity verification, such as financial transactions. In this system, the Federated ID information stored on the smartcard (and optionally on a back-end transaction processor) provides a high degree of personal identity verification, while secure virtual terminal emulation performed by the smartcard prevents theft of the Federated ID information. Together, these two attributes result in a flexible, dynamically adjustable, highly efficient and secure system for personal identity verification for online commerce and a wide range of other purposes relying on personal identity verification.

Problems solved by technology

Despite a wide range of approaches proposed to meet these objectives, none has yet taken hold to solve the continuing problems of providing an adequate level of personal identity verification and security for online commerce while also meeting the other commercially important objectives of convenience, ease of use and backward compatibility with the existing bankcard infrastructure.

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