Patent ID: 7922082
Filing Date: 2011-04-12
Classification: G06Q,G07F

Abstract:
1. A computer-readable medium comprising instructions that, when executed by a processor, cause an electronic computing system including a card processing server to: automatically select a dynamic service code such that the dynamic service code is substantially unpredictable based on previously requested dynamically-generated card verification values (CVVs) for a transaction card; automatically generate a dynamically-generated CVV for the transaction card, wherein the dynamically-generated CVV is based on a card number of the transaction card, an expiry date of the transaction card, and the dynamic service code, and wherein the instructions cause the card processing server to: automatically send, from the card processing server to a cardholder device, a first set of data, the first set of data indicating the dynamically-generated CVV; in response to receiving a transaction request, automatically determine whether a provided CVV corresponds to the dynamically-generated CVV, the transaction request is a request for an economic transaction, the transaction request specifying the provided CVV and a card number of the transaction card; and record a charge against an account of a cardholder of the transaction card when it is determined that the provided CVV corresponds to the dynamically-generated CVV.