US 12,229,749 B2
Systems methods and devices for increasing security when using smartcards
Gary Mousseau, Waterloo (CA); Mark Church, Waterloo (CA); and Marcus Edwards, Waterloo (CA)
Assigned to Elpis Technologies Inc., Kitchener (CA)
Filed by 10353744 Canada Ltd., Kitchener (CA)
Filed on Nov. 4, 2020, as Appl. No. 17/089,543.
Claims priority of provisional application 62/930,139, filed on Nov. 4, 2019.
Prior Publication US 2021/0133725 A1, May 6, 2021
Int. Cl. G06Q 20/34 (2012.01); G06K 19/07 (2006.01); G06Q 20/20 (2012.01); G06Q 20/40 (2012.01)
CPC G06Q 20/341 (2013.01) [G06K 19/0718 (2013.01); G06K 19/0719 (2013.01); G06Q 20/204 (2013.01); G06Q 20/40145 (2013.01); G06Q 20/4037 (2013.01); G06Q 20/409 (2013.01)] 20 Claims
OG exemplary drawing
 
1. A system for increasing security in a financial transaction when using a smartcard, the system of computers comprising:
a smartcard for payment in the financial transaction, the smartcard having a memory for storing a generated algorithm corresponding to a first actuation sequence for confirming an identity of a user of the smartcard, wherein the actuation sequence includes biometric information corresponding to the user and specific information known to the user, wherein the memory does not store the first actuation sequence, and wherein the first actuation sequence is not derivable from the generated algorithm;
wherein the smartcard has a checking module that authorizes the financial transaction only upon determining that a second actuation sequence is identical to the first actuation sequence according to a comparison of the second actuation sequence via the generated algorithm;
a point of sale terminal for recording payment details from the smartcard once the financial transaction is authorized and transmitting a request for payment through a network to a financial institution according to the payment details; and
a computer of the financial institution for receiving the request for payment from the point of sale terminal, generating the algorithm corresponding to the first actuation sequence on the smartcard, and making payment once the transaction is authorized, according to the payment details;
wherein the smartcard further comprises an active or passive power unit for harvesting energy from the point of sale terminal, through insertion of the smartcard at the point of sale terminal, or through proximity to the point of sale terminal, wherein the power unit is charged or activated by power from a powering coil, and wherein the power unit provides power to the smartcard.