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WO2006036363A3 - Highly secure and low-cost dialogic enciphered dynamic pin system for credit card and login - Google Patents

Highly secure and low-cost dialogic enciphered dynamic pin system for credit card and login Download PDF

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Publication number
WO2006036363A3
WO2006036363A3 PCT/US2005/029425 US2005029425W WO2006036363A3 WO 2006036363 A3 WO2006036363 A3 WO 2006036363A3 US 2005029425 W US2005029425 W US 2005029425W WO 2006036363 A3 WO2006036363 A3 WO 2006036363A3
Authority
WO
WIPO (PCT)
Prior art keywords
pin number
account
secure
card
calculator
Prior art date
Application number
PCT/US2005/029425
Other languages
French (fr)
Other versions
WO2006036363A2 (en
Inventor
Peng Qin
Original Assignee
Peng Qin
Priority date (The priority date is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the date listed.)
Filing date
Publication date
Application filed by Peng Qin filed Critical Peng Qin
Publication of WO2006036363A2 publication Critical patent/WO2006036363A2/en
Publication of WO2006036363A3 publication Critical patent/WO2006036363A3/en

Links

Classifications

    • G—PHYSICS
    • G06—COMPUTING OR CALCULATING; COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/38—Payment protocols; Details thereof
    • G06Q20/40—Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
    • G—PHYSICS
    • G06—COMPUTING OR CALCULATING; COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q30/00—Commerce
    • G06Q30/06—Buying, selling or leasing transactions

Landscapes

  • Business, Economics & Management (AREA)
  • Accounting & Taxation (AREA)
  • Finance (AREA)
  • Engineering & Computer Science (AREA)
  • General Physics & Mathematics (AREA)
  • Strategic Management (AREA)
  • Physics & Mathematics (AREA)
  • General Business, Economics & Management (AREA)
  • Theoretical Computer Science (AREA)
  • Marketing (AREA)
  • Economics (AREA)
  • Development Economics (AREA)
  • Computer Security & Cryptography (AREA)
  • Financial Or Insurance-Related Operations Such As Payment And Settlement (AREA)

Abstract

A highly secure Dialogic Enciphered Dynamic PIN System is used to prevent fraud of credit card, debit card and any account access on-line and POS transactions effectively with low-cost and convenience. Each cardholder or account owner has a small special passcode protected calculator to store the operation addend and long secure formula for each account. Card issuer sends back an inquiry PIN number after receiving a request of transaction, the cardholder or account owner selects the card or account from the calculator, enters the transaction amount, inquiry PIN number, and secure PIN number as memorized, then the calculator does special calculation to the transaction amount or base by the sequence of secret formula + inquiry PIN number + secure PIN number, and generates an answer PIN number which is sent back to card issuer. The same calculation is done in the card issuer side to authenticate the user and authorize the transaction at the same time with high security.
PCT/US2005/029425 2004-09-20 2005-08-18 Highly secure and low-cost dialogic enciphered dynamic pin system for credit card and login WO2006036363A2 (en)

Applications Claiming Priority (4)

Application Number Priority Date Filing Date Title
US52235404P 2004-09-20 2004-09-20
US60/522,354 2004-09-20
US17874805A 2005-07-12 2005-07-12
US11/178,748 2005-07-12

Publications (2)

Publication Number Publication Date
WO2006036363A2 WO2006036363A2 (en) 2006-04-06
WO2006036363A3 true WO2006036363A3 (en) 2009-04-16

Family

ID=36119340

Family Applications (1)

Application Number Title Priority Date Filing Date
PCT/US2005/029425 WO2006036363A2 (en) 2004-09-20 2005-08-18 Highly secure and low-cost dialogic enciphered dynamic pin system for credit card and login

Country Status (1)

Country Link
WO (1) WO2006036363A2 (en)

Families Citing this family (4)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US8494959B2 (en) 2007-08-17 2013-07-23 Emc Corporation Payment card with dynamic account number
ATE470917T1 (en) * 2007-09-20 2010-06-15 Tds Todos Data System Ab SYSTEM, METHOD AND APPARATUS FOR ENABLED INTERACTIONS WITH DYNAMIC SECURITY
US9727886B2 (en) 2010-12-23 2017-08-08 Facebook, Inc. Predicting real-world connections based on interactions in social networking system
US9626725B2 (en) 2010-12-23 2017-04-18 Facebook, Inc. Using social graph for account recovery

Citations (2)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US20030163427A1 (en) * 2002-02-27 2003-08-28 Nicholas Ho Chung Fung Activity management method
US20040067750A1 (en) * 2002-10-03 2004-04-08 Engstrom G. Eric Identification based operational modification of a portable electronic device

Patent Citations (2)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US20030163427A1 (en) * 2002-02-27 2003-08-28 Nicholas Ho Chung Fung Activity management method
US20040067750A1 (en) * 2002-10-03 2004-04-08 Engstrom G. Eric Identification based operational modification of a portable electronic device

Also Published As

Publication number Publication date
WO2006036363A2 (en) 2006-04-06

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