METHODS AND COMPUTER SYSTEMS FOR IMPLEMENTING A PAYMENT CARD NETWORK

METHODS AND COMPUTER SYSTEMS FOR IMPLEMENTING A PAYMENT CARD NETWORK

A computer-implemented method of operating a payment card network is proposed in which the expiry date of each payment card is stored, not on or in the payment cards themselves, but as a payment card record within an electronic database. When the payment card is used, the record is accessed using ot...

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Bibliographische Detailangaben
1. Verfasser: Bhosale Ashish Yeshwant
Format: Patent
Sprache:eng
Schlagworte:
CALCULATING
COMPUTING
COUNTING
DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES
PHYSICS
SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR
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Beschreibung
Zusammenfassung:A computer-implemented method of operating a payment card network is proposed in which the expiry date of each payment card is stored, not on or in the payment cards themselves, but as a payment card record within an electronic database. When the payment card is used, the record is accessed using other payment card details to check that expiry date has not passed. The process does not require that the expiry date is read from the payment card. This has the advantage that the payment card does not have to be replaced at the expiry date. Instead, the expiry date can be updated by updating the record. In place of the expiry date, the card has an auxiliary date which is the birthdate of the consumer in the YYMM format.