Gesture-Based Transaction Cards for Dynamic Transfer Authorization
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Solution Overview
Problem
Transaction cards are vulnerable to theft and fraud, and sharing them with others poses security risks due to the need to disclose account information.
Innovation Solution
Transaction cards and associated mobile devices utilize gesture-based preauthorization, allowing cards to be locked by default and unlocked via gestures, and enable secure sharing of virtual cards with customizable authorization conditions.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Ease of operation
If transaction cards store and transmit account information for payments, then payment functionality is enabled, but security vulnerabilities to theft and fraud increase
Solution Approach 1:
The patent extracts the account information from the physical card by implementing contactless communication (NFC, RFID, or other wireless protocols). The card no longer stores or transmits sensitive account data directly; instead, it communicates with a mobile device that handles the authentication and transaction processing, thereby eliminating the security vulnerability while preserving payment functionality
Solution Approach 2:
The patent introduces a mobile device as an intermediary between the transaction card and the payment terminal. The mobile device acts as a secure gateway that authenticates the card, manages transaction authorization, and communicates with the terminal, thereby preventing direct exposure of account information and reducing fraud risk
2Adaptability or versatility
If transaction cards share account information with others, then sharing capability is enabled, but security risks increase due to disclosure of account information
Solution Approach 1:
The patent creates a virtual copy of the card's functionality within a mobile device application. Instead of sharing the physical card or exposing account information, the system generates a digital representation that can be securely shared with authorized users. This virtual copy enables sharing capability while maintaining security through controlled access and authentication mechanisms
Solution Approach 2:
The patent implements pre-authorization and pre-configured sharing settings before the actual sharing occurs. Users can set up authorized contacts, define spending limits, and configure access permissions in advance. This preliminary configuration enables secure sharing without requiring real-time disclosure of sensitive account information
Data Source
AI summary
Disclosed embodiments may include systems and methods for utilizing gesture-based transaction cards. Examples include: first, using a mobile device to preauthorize transaction cards to enter an unlocked state before making a purchase by making a gesture with the transaction card toward the mobile device. Second, using a first transaction card to change an authorization condition of a second transaction card associated with the same account by making a gesture from the first transaction card to the second transaction card. Third, using a first transaction card to distribute a predebited virtual card to the user device of a second user by making a gesture from the first transaction card to the user device of the second user. Additionally, the primary user may be able to upload new authorization conditions to the transaction card and control the system through a related mobile application on a connected mobile device.