Patent ID: 9508065
Filing Date: 2016-11-29
CPC Classification: G06K,G06Q,G07F

Claim Text:
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: 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; wherein 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 application on the smartphone; record the transmitted digital representation and a timestamp of the button depression in response to the depression of the button on the smartcard; receive a new dynamic transaction authorization number and a future timestamp from the administrative network via the application on the smartphone; save the new dynamic transaction authorization number and the future timestamp to the memory; and trigger, at the time of the future timestamp, writing, from the memory to the dynamic magnetic strip, a digital representation of the dynamic transaction authorization number.