List of patents
System and Method For Financial Transactions Using Binary Coded Decimal (Bcd) Bankcard.
- Mrs. Swarna Kumari Adari
- Mrs. Swarna Kumari Adari
- IN201741031949
- India
- yes
- IT
- 09/09/2017
- listing
- Existing problems with prior art: The bank card fraud is also an adjunct to identity theft. The bank card fraud begins either with the theft of the physical card or with the compromise of data associated with the account. The card skimming or card cloning is the crime of getting private information about somebody else's credit card used in an otherwise normal transaction. The magnetic strip or chip or bank customer details such as CVV, customer name, expiry date which is visible or easily available to the thief to copy bank customer details while the performing card cloning and card skimming. Advantages of the present invention: >Quicker, more convenient, more efficient, more economical. >More durable, secure and theft resistant.
Abstract
The present disclosure provides a binary coded decimal bank card (ATM card/credit card/debit card) and a multi-featured ATM machine which supports the binary coded decimal bank card with enhanced security method to perform financial transaction. The bank card includes at least one connector grid embedded in the card, at least one binary coded decimal embedded in the card, and at least one alias number embossed on the card. The binary coded decimal bank card is advanced binary coded decimal bank card having a connector grid and binary coded decimal to increase high security levels of the bank card. Further, such new bank card is utilized in new type of proposed ATM/POS machines having a capability to read/scan/support the binary coded decimal bank card with enhanced security method to perform financial transaction.
