WO2019049040A1

WO2019049040A1 - System and method for financial transactions using binary coded decimal (bcd) bank card

Info

Publication number: WO2019049040A1
Application number: PCT/IB2018/056772
Authority: WO
Inventors: Adari SWARNA KUMARI
Original assignee: Swarna Kumari Adari
Priority date: 2017-09-09
Filing date: 2018-09-05
Publication date: 2019-03-14

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.

Description

SYSTEM AND METHOD FOR FINANCIAL TRANSACTIONS USING BINARY

CODED DECIMAL (BCD) BANK CARD

FIELD OF DISCLOSURE

[0001] The present disclosure relates to computerized terminals, such as point-of-sale

(POS) terminals and automated teller machines (ATM), and ATM cards such as Credit cards, Debit Cards. More particularly, but not exclusively, to a system and method for performing financial transactions at ATM or POS or online platform by utilizing a new binary coded decimal ATM card.

BACKGROUND OF THE DISCLOSURE

[0002] The background description includes information that may be useful in understanding the present invention. It is not an admission that any of the information provided herein is prior art or relevant to the presently claimed invention, or that any publication specifically or implicitly referenced is prior art.

[0003] In recent years, financial services industry has become increasingly expanded.

Banks, for example, now offer a wide variety of products and services not previously available to customer such as a bank card and ATM. Automated transaction machines include automated banking machines. A common type of automated banking machine is an automated teller machine ("ATM"). ATMs may be used to perform transactions such as dispensing cash, accepting deposits, making account balance inquiries, paying bills, and transferring funds between accounts. ATMs and other types of automated banking machines may be used to dispense media or documents such as currency, tickets, scrip, vouchers, checks, gaming materials, receipts, or other media. While many types of automated banking machines, including ATMs, are operated by consumers, other types of automated banking machines may be operated by service providers. Such automated banking machines may be used by service providers to provide cash or other types of sheets or documents when performing transactions. For purposes of this disclosure, an automated banking machine or ATM shall be construed as any machine that is capable of carrying out transactions which include transfers of value.

[0004] However, with limited cash in hand and an indefinite crunch in sight, most people are switching to a bank card based transactions. The card based transactions enables to use payment cards such as credit or debit cards which are ubiquitous to make a payment by electronic funds transfer.

[0005] Traditional method for financial transaction using bank card include, a user visits an ATM, inserts bank card in a slot provided at the ATM, and enter details such as PIN associated with the bank card, and performs the transaction. A magnetic strip or barcode or QR code or chip provided on the bank card stores card data wherein the data associated with a customer/user, which can be read/scan by physical contact and swiping past a reading head. The card based transactions can be implemented across multiple channels of commerce such as retail store, a point of sale terminal (POS). As the popularity and worldwide acceptance of bank cards has been grow exponentially, simultaneously most user/ customer faced insecurities in using such cards due to bank card fraud which is a wide-ranging term for theft and fraud committed using or involving a payment card, such as a credit card or debit card, with criminal intent. The bank card fraud is also an adjunct to identity theft. In 2008, more than $1 billion was stolen in ATM-related crimes. Though it is decreasing day-by-day with advancement in the technology, however, due to same advancement in the technology new and advance types of bank card fraud came into existence. The bank card fraud begins either with the theft of the physical card or with the compromise of data associated with the account, including the card account number or other information that would routinely and necessarily be available to a merchant during a legitimate transaction.

[0006] Some thieves take the old-fashioned route but there's a much quieter, hightech form of theft targeting ATMs such as card skimming or card cloning. Further, 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 thief can procure a victim's card number using basic methods such as photocopying receipts or more advanced methods such as using a small electronic device (skimmer) to swipe and store hundreds of card numbers. The card skimming or card cloning uses a card skimming device (skimmer) to duplicitously copy bank customer details stored on the magnetic strip or chip on the bank card such as a debit or credit card. The customer and card information stolen with skimming devices is often used to manufacture counterfeit (duplicate) cards which criminals use to make fraudulent transactions on a victim's account. Irrespective of these drawbacks, additionally, 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. Furthermore, less sophisticated card-skimming frauds also require user PIN associated with the bank card, and so to capture PIN thief will install a tiny camera pointing at the keypad.

[0007] Therefore, it would be advantageous to provide a way in which the conventional method and the conventional system being replaced or supplemented by a quicker, more convenient, more efficient, or more economical transaction systems and methods. It would be further advantageous to provide a new type of bank card which is more durable, secure and theft resistant and also a new type to ATM and/or POS devices that supports such new type of bank card

[0008] All publications herein are incorporated by reference to the same extent as if each individual publication or patent application were specifically and individually indicated to be incorporated by reference. Where a definition or use of a term in an incorporated reference is inconsistent or contrary to the definition of that term provided herein, the definition of that term provided herein applies and the definition of that term in the reference does not apply.

[0009] The recitation of ranges of values herein is merely intended to serve as a shorthand method of referring individually to each separate value falling within the range. Unless otherwise indicated herein, each individual value is incorporated into the specification as if it were individually recited herein. All methods described herein can be performed in any suitable order unless otherwise indicated herein or otherwise clearly contradicted by context. The use of any and all examples, or exemplary language (e.g. "such as") provided with respect to certain embodiments herein is intended merely to better illuminate the invention and does not pose a limitation on the scope of the invention otherwise claimed. No language in the specification should be construed as indicating any non-claimed element essential to the practice of the invention.

SUMMARY

[00010] This summary is provided to introduce a selection of concepts in a simplified form to be further described below in the Detailed Description. This summary is not intended to identity key features or essential features of the claimed subject matter, nor is it intended to be used to limit the scope of the claimed subject matter.

[00011] In order to overcome the above problems and to fulfill the expectations of the customers, the objective of the present invention is to provide a new, technically advanced and improved system and method that enables for performing financial transactions utilizing a new type of binary coded decimal bank card and an ATM/POS device which supports such new binary coded decimal bank card.

[00012] In an aspect, the proposed binary coded decimal bank card (also interchangeably referred to as ATM card) is new, inventive and technically advanced binary coded decimal bank card (ATM card/credit card/debit card) having a connector grid and binary coded decimal to increase high security levels of the bank card. Further, such new bank card can be utilized only 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.

[00013] Accordingly, embodiments of the present disclosure relates to 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.

[00014] An aspect of the present disclosure relates to a bank card (ATM card/credit card/debit card) having at least one connector grid embedded in the card, at least one binary coded decimal (also interchangeable referred to as "binary grid") embedded in the card, and at least one alias number embossed on the card.

[00015] In an aspect, the connector grid embedded in the card can be a copper grid with at least one copper connector grid and at least two connectors/connecting points visible on a body of the bank card. In an aspect, the at least two connectors visible on a body of the bank card can operate as electricity conducting materials. In another aspect, the connector grid can be made of minimum of 3 rows with 60 individual connectors/connector pins (only to confuse the hacker), and not interconnected with each other.

[00016] In another aspect, out of 60 individual connector/connector pins 2 or more random connectors can be used for power supply to the binary coded decimal. In another aspect, 4 or more connectors/connector pins out of remaining 58 pins can be used to activate the microprocessor or chip by short circuiting these 4 or more connectors. In another aspect, short circuited pins can be required to start the actual functionality of the microprocessor or chip.

[00017] In an aspect, the binary coded decimal (also interchangeable referred to as "binary grid") can be selected any or combination of an infrared LED or an Infrared-OLED or an ultra LED or any LED technology. In another aspect, the binary coded decimal (also interchangeable referred to as "binary grid") can be an electrochemical compound grid. In an example, the electrochemical compound grid can be made by combination and/or recombination of any known compounds/chemical. In an example, the infrared LED or the Infrared-OLED or the ultra LED or any LED technology hereinafter referred as glowed LED and electrochemical compound grid referred as chemical reacted grid.

[00018] In an aspect, the binary coded decimal can include a microprocessor or chip coupled with each component/cell provided in the grid.

[00019] In an aspect, ATM transaction can be completed using alias number only.

[00020] In an aspect, the connector grid and the microprocessor can be connected with each other by the means of physical connection or wireless connection.

[00021] In an aspect, the connector grid can transmit power (electrical energy) to a microprocessor or chip of the binary coded decimal which glows/reacts as per the pre- configured/pre-determined data which is embedded in the microprocessor. For instance LED binary coded decimal can glow based on electrical energy, and in case of the electrochemical binary coded decimal, the binary cell or circle can change colour after chemical reaction.

[00022] In an aspect, the glowed grid or chemical reacted grid can indicate at least one confidential number (confidential number can also be in encrypted format) associated with card holder which identifies details associated with the bank holder at a bank server. In another aspect, the pre-configured/pre-determined data of the microprocessor can indicate any or combination of a bank account number, a credit card number, a debit cards number, a chip number, etc.

[00023] An aspect of the present disclosure relates to an ATM/POS adapted to provide a power/electricity to at least two connectors/connecting points of connector grid associated with bank card (ATM card/credit card/debit card).

[00024] In an aspect, the connector grid can transmit power (electrical energy) to a microprocessor or chip of the binary coded decimal which glows the components/cells/circles of the binary coded decimal as per the pre-configured/pre-determined data embedded in the microprocessor.

[00025] In an aspect, the glowed grid or chemical reacted grid can indicate at least one confidential number (confidential number can be in encrypted format) associated with card holder which identifies details associated with the bank holder at a bank server. In another aspect, the glowed grid or chemical reacted grid can indicate any or combination of a bank account number, a credit card number, a debit cards number, a chip number, etc. [00026] In an aspect, the proposed ATM/POS can be adapted to read the encoded information associated with the glowed grid or chemical reacted grid. In another aspect, the proposed ATM/POS can decode the binary coded decimal to decimal code (in encrypted format) and transmit/send directly to a bank server for decoding the decimal code in decoded value. If the decoded value is valid then system prompts to enter the PIN to complete financial transaction.

[00027] In an aspect, method of performing financial transaction using a proposed bank card and a proposed ATM/POS includes the step of: receiving, by the proposed ATM/POS machine, the proposed bank card; supplying, by a power source provided in the proposed ATM/POS machine, to at least two point of a connector grid which is provided on the proposed bank card; transmitting power, by the connector grid, to microprocessor or chip of a binary coded decimal which glows as per the pre-configured/pre-determined data which is embedded in the microprocessor; reading/scanning, by the proposed ATM/POS machine, the encoded information associated with the glowed grid or chemical reacted grid, wherein the encoded information can be in BCD format or representation or encrypted format; decoding, by the proposed ATM/POS machine, the binary coded decimal to decimal code (in encrypted format) and transmitting the decimal code to a bank server, decoding the decimal code in decoded value by the bank server and upon authentication of the decoded value, system prompts for PIN to complete financial transaction.

[00028] In an aspect, method of performing online transaction includes the step of: receiving, on a computing device (or a kiosk machine), an alias number available on a proposed bank card; transmitting, by the computing device, the alias number to a bank server in a pre-defined format, wherein the pre-defined format include at least alias number and a secure number (birth date or PAN number or passport number etc.) pre-defined by the user wherein the Pre-defined format as per the bank norms or customers can customize by mixing their DOB, PAN or passport etc.

[00029] In an exemplary aspect, to do the online transaction, the user can enter the details in the pre-determined/pre-configured format, such as 123456789012345601011988 wherein first 16 digits may be an alias number (card number) and rest are pre-configured /pre-defined identification number such as DOB (date of birth) 01011988; and then bank server retrieves and/or verify the actual debit/credit card detail and then prompts for the PIN associated with the alias number (card number). [00030] User enters the PIN number which is second level of security authentication.

Once the user enters the PIN then the system authenticates the actual card number along with the provided PIN number. If authentication is successful and then prompts to enter the OTP which is sent to the user's registered mobile number. User enters the OTP which is third level of authentication. Finally system will authenticate all the details entered above and then completes the transaction.

[00031] In an aspect, the alias number can be any random number or number code which is available on the bank card. In an exemplary embodiment, the alias number can be randomized alphanumeric characters. In an exemplary embodiment, the alias number cannot be a card number or chip number or CVV number or details associated with the user/customer. In an exemplary embodiment, the alias number can be used to retrieve or recover the bank details associated with the bank of the user/customer by a bank server.

[00032] Various objects, features, aspects and advantages of the present disclosure will become more apparent from the following detailed description of preferred embodiments, along with the accompanying drawing figures in which like numerals represent like features.

BRIEF DESCRIPTION OF DRAWINGS

[00033] The accompanying drawings are included to provide a further understanding of the present disclosure, and are incorporated in and constitute a part of this specification. The drawings illustrate exemplary embodiments of the present disclosure and, together with the description, serve to explain the principles of the present disclosure. The diagrams are for illustration only, which thus is not a limitation of the present disclosure, and wherein:

[00034] FIG. 1 illustrates a schematic view of a binary coded decimal bank card and its overall working, in accordance with an exemplary embodiment of the present disclosure.

[00035] FIG. 2A illustrates an internal architecture of the binary coded decimal associated with proposed bank card, in accordance with an exemplary embodiment of the present disclosure.

[00036] FIG. 2B illustrates a proposed system for scanning the entire binary coded decimal, in accordance with an exemplary embodiment of the present disclosure.

[00037] FIG. 3 illustrates a flow diagram of the proposed system and its overall working, in accordance with an exemplary embodiment of the present disclosure.

[00038] FIG. 4 illustrates a proposed ATM machine and its overall working, in accordance with an exemplary embodiment of the present disclosure. [00039] FIG. 5 illustrates a backside view of a binary coded decimal bank card embedded with chip and its overall working, in accordance with an exemplary embodiment of the present disclosure.

[00040] FIG. 6 illustrates detailed explanation about Binary Coded Decimal grid and its overall working, in accordance with an exemplary embodiment of the present disclosure.

[00041] FIG. 7 illustrates an exemplary computer system utilized for implementation of the proposed system in accordance with an exemplary embodiment of the present disclosure.

DETAILED DESCRIPTION

[00042] In the following description, numerous specific details are set forth in order to provide a thorough understanding of embodiments of the present invention. It will be apparent to one skilled in the art that embodiments of the present invention may be practiced without some of these specific details.

[00043] Embodiments of the present invention include various steps, which will be described below. The steps may be performed by hardware components or may be embodied in machine-executable instructions, which may be used to cause a general-purpose or special- purpose processor programmed with the instructions to perform the steps. Alternatively, steps may be performed by a combination of hardware, software, and firmware and/or by human operators.

[00044] If the specification states a component or feature "may", "can", "could", or "might" be included or have a characteristic, that particular component or feature is not required to be included or have the characteristic.

[00045] Exemplary embodiments will now be described more fully hereinafter with reference to the accompanying drawings, in which exemplary embodiments are shown. These exemplary embodiments are provided only for illustrative purposes and so that this disclosure will be thorough and complete and will fully convey the scope of the invention to those of ordinary skill in the art. The invention disclosed may, however, be embodied in many different forms and should not be construed as limited to the embodiments set forth herein. Various modifications will be readily apparent to persons skilled in the art. The general principles defined herein may be applied to other embodiments and applications without departing from the spirit and scope of the invention. Moreover, all statements herein reciting embodiments of the invention, as well as specific examples thereof, are intended to encompass both structural and functional equivalents thereof. Additionally, it is intended that such equivalents include both currently known equivalents as well as equivalents developed in the future (i.e., any elements developed that perform the same function, regardless of structure). Also, the terminology and phraseology used is for the purpose of describing exemplary embodiments and should not be considered limiting. Thus, the present invention is to be accorded the widest scope encompassing numerous alternatives, modifications and equivalents consistent with the principles and features disclosed. For purpose of clarity, details relating to technical material that is known in the technical fields related to the invention have not been described in detail so as not to unnecessarily obscure the present invention.

[00046] Thus, for example, it will be appreciated by those of ordinary skill in the art that the diagrams, schematics, illustrations, and the like represent conceptual views or processes illustrating systems and methods embodying this invention. The functions of the various elements shown in the figures may be provided through the use of dedicated hardware as well as hardware capable of executing associated software. Similarly, any switches shown in the figures are conceptual only. Their function may be carried out through the operation of program logic, through dedicated logic, through the interaction of program control and dedicated logic, or even manually, the particular technique being selectable by the entity implementing this invention. Those of ordinary skill in the art further understand that the exemplary hardware, software, processes, methods, and/or operating systems described herein are for illustrative purposes and, thus, are not intended to be limited to any particular named element.

[00047] All methods described herein can be performed in any suitable order unless otherwise indicated herein or otherwise clearly contradicted by context. The use of any and all examples, or exemplary language (e.g., "such as") provided with respect to certain embodiments herein is intended merely to better illuminate the invention and does not pose a limitation on the scope of the invention otherwise claimed. No language in the specification should be construed as indicating any non-claimed element essential to the practice of the invention.

[00048] Various terms as used herein are shown below. To the extent a term used in a claim is not defined below, it should be given the broadest definition persons in the pertinent art have given that term as reflected in printed publications and issued patents at the time of filing. [00049] FIG. 1 illustrates a schematic view of a proposed binary coded decimal bank card 100 and its overall working, in accordance with an exemplary embodiment of the present disclosure. In an embodiment, the proposed bank card 100 includes a connector grid 102, an alias number 104, a binary coded decimal 106, and a cardholder name 108 and a card expiry date 110.

[00050] In an exemplary embodiment, the proposed binary coded decimal bank card

100 can be a coded debit/credit card wherein the connector grid 102 may be visible to the users only scannable/readable by the scanners of ATM/POS machines. In an exemplary embodiment, a microprocessor (not shown) of the binary coded decimal 106 may be embedded and not be visible to the user.

[00051] In an exemplary embodiment, the connector grid embedded in the card can be a copper grid with at least one copper connector grid and at least two connectors/connecting points visible on a body of the bank card. In an aspect, the at least two connectors visible on a body of the bank card can operate as electricity conducting materials. In another aspect, the connector grid can be made of minimum of 3 rows with 60 individual connectors/connector pins (only to confuse the hacker), and not interconnected with each other. In another aspect, out of 60 individual connector/connector pins 2 or more random connectors can be used for power supply to the binary coded decimal. In another aspect, 4 or more than connectors/connector pins out of remaining 58 pins can be used to activate the microprocessor or chip by short circuiting these 4 or more connectors. In another aspect, short circuited pins can be required to start the actual functionality of the microprocessor or chip. In another exemplary embodiment, connectors/pins used to activate microprocessor or to provide power supply can be selected random or pre-determined basis.

[00052] In an aspect, the binary coded decimal can be selected any or combination of an infrared LED or an Infrared-OLED or an ultra LED or any LED technology. In another aspect, the binary coded decimal can be an electrochemical compound grid, (the infrared LED or the Infrared-OLED or the ultra LED or any LED technology hereinafter referred as glowed LED and electrochemical compound grid referred as chemical reacted grid)

[00053] In an exemplary embodiment, the binary coded decimal can include a microprocessor or chip couples with each component/cell provided in the grid.

[00054] In an exemplary embodiment, the connector grid and the binary coded decimal can be connected with each other by the means of physical connection or wireless connection. [00055] In an aspect, the connector grid can transmit power (electrical energy) to a microprocessor or chip of the binary coded decimal which glows/reacts as per the pre- configured/pre-determined data which is embedded in the microprocessor. For instance LED binary coded decimal can glow based on electrical energy and in electrochemical binary coded decimal, the binary cell or circle can change colour after chemical reaction based on electrical energy.

[00056] In an aspect, the glowed grid or chemical reacted grid 106 can indicate at least one confidential number (confidential number can be in encrypted format) associated with card holder which identifies details associated with the bank holder at a bank server. In another aspect, the glowed grid or chemical reacted grid can indicate any or combination of a bank account number, a credit card number, a debit cards number, a chip number, etc.

[00057] In an exemplary embodiment, the connector grid 102 embedded in the card can be a copper grid with at least one copper connector grid and at least two connectors/connecting points visible on a body of the bank card. In an aspect, the at least two connectors visible on a body of the bank card can operate as electricity conducting materials. In an exemplary embodiment, the connector grid can be made of minimum of 3 rows with 60 individual connector s/connector pins (only to confuse the hacker), and not interconnected with each other. In an exemplary embodiment, out of 60 individual connector/connector pins 2 or more random connectors can be used for power supply to the binary coded decimal. In an exemplary embodiment, 4 or more than connectors/connector pins out of remaining 58 pins can be used to activate the microprocessor or chip by short circuiting these 4 or more connectors. In an exemplary embodiment, short circuited pins can be required to start the actual functionality of the microprocessor or chip. In an exemplary embodiment, the connector grid 102 can be a small copper grid (individual connectors). In an exemplary embodiment, the connector grid can include a plurality of connectors, say for example, 60 connectors, out of these plurality of connectors only 2-4 connectors can be used to provide power supply to the main microprocessor (which is hidden and beneath the binary coded decimal) and few of connectors are used to start the function of microprocessor. The unused connectors and/or pins may be used a dummy. The inclusion of plurality of connectors design (60 individual connectors) is particularly used to confuse the hackers and it is very difficult to guess/identify which pin is for what purpose. Only manufacturer knows which pin is for what and better not disclose the same. [00058] In another exemplary embodiment, only few connectors of the connector grids can be visible to the user and those are especially used as power supply to the main processor or microprocessor or chip. In another aspect, the connector grid can be made up of any or combination of copper or nickel or molybdenum or stainless steel or rhodium or titanium or any conducting material.

[00059] In an exemplary embodiment, alias number 104 can be provided dedicatedly for performing online transactions. It may be appreciated that, the alias number 104 is not a credit or debit card number or a chip number or an account number but to can be any random number assigned to this card as dummy number. In an example, the alias number can be any random number or number code which is available on the bank card. In an exemplary embodiment, the alias number can be randomized alphanumeric characters. In an exemplary embodiment, the alias number cannot be a card number or chip number or CVV number or details associated with the user/customer. In an exemplary embodiment, the alias number can be used to retrieve or recover the bank details associated with the bank of the user/customer by a bank server at back end while performing the online transaction.

[00060] In an exemplary embodiment, the binary coded decimal 106 can be embedded with a microprocessor or chip which is not visible to the user/customer. In another exemplary embodiment, the main processor or chip or microprocessor (not shown) can be stored with unique code such as a chip number or date of birth or alias number or code number or bank details associated with the user such as CVV or expiry date. In another exemplary embodiment, the chip number or alias number or code number can be unknown or unidentified or unrevealed to the user/customer.

[00061] In another exemplary embodiment, the binary coded decimal 106 can be made of any or combination of copper grid or Infrared-OLED technology grid or electrochemical compound grid. In another exemplary embodiment, the connector grid 102 can include one or more than one connectors to provide power supply to the main processor or chip or microprocessor but while supplying the power to the main processor or chip or microprocessor only two or more than two connectors can be utilized to confuse the hackers and it is very difficult to guess/identify which connector is for what purpose.

[00062] In an exemplary embodiment, the main processor or chip or microprocessor

(not shown in fig) can be embedded with the chip number to complete financial transaction. In an exemplary embodiment, unique chip number can be linked to the actual debit/credit card or bank card number in the bank server database. The chip number can be unknown to the customers/users, only known by the banks and card manufacturers. In another exemplary embodiment, chip number can be used to retrieve or fetch the bank details associated with the bank card of the user/customer at the backend by the bank server. In an exemplary embodiment, the main processor or chip or microprocessor can be removable or changeable.

[00063] In an exemplary embodiment, the binary coded decimal 106 can be considered as infrared-OLED technology grid. The infrared-OLED technology grid 106 can be embedded with small microprocessor (which is invisible / hidden to the user). When the power can be supplied to this microprocessor then one or more than one the infrared-Led can glow (but humans cannot see the glow of the IR-led with the naked eye) as per the pre- configured data (only the CHIP number and very few details are written in this microprocessor). In another exemplary embodiment, scanning device read the entire binary coded decimal 106 (only detect/read the glowed led or chemical reacted cells in column wise) and convert it from binary to decimal code. In another exemplary embodiment, the final read value can be only a chip number (Chip number might be in encrypted format) but not the original debit/credit card number or date of birth or alias number or code number or bank details associated with the user such as CVV or expiry date.

[00064] In an exemplary embodiment, the binary coded decimal 106 can be considered as electrochemical compound grid. In an exemplary embodiment, the binary coded decimal 106 includes the binary cell or circle and the each binary cell or circle can be filled with special chemical material which emits colour when reacted with some voltage and once the power supply is stopped get back to its original state. When the power can be supplied to this microprocessor (not shown in fig) the chemical reaction starts and then it can change the cell colour as per the pre-configured data (only the chip number and very few details are written in this microprocessor). In another exemplary embodiment, the scanning device or scanning device in the ATM/POS can read/scan the entire grid 106 and convert it from binary to decimal code. In another exemplary embodiment, the final read value can be only a chip number but not the original debit/credit card number or date of birth or alias number or code number or bank details associated with the user such as CVV or expiry date.

[00065] In an exemplary embodiment, the connector grid 102 can be constructed with three or more than three rows of binary cells or circles. In an exemplary embodiment, the connector grid 102 can be used to supply the power source to the binary coded decimal 106. In another exemplary embodiment, the connector grid 102 can be made up of any or combination of copper or nickel or molybdenum or stainless steel or rhodium or titanium or any conducting material.

[00066] In an exemplary embodiment, the bank card may include a battery (not shown). The battery may be flexible. The battery may be rechargeable.

[00067] In an exemplary embodiment, the bank card may be composed of plastic or metal, and made available in a variety of colours and colour combinations, including graphite grey, blue and the like. A protector case can be used to shield the card against scanning attempts to wrongfully obtain information therefrom. The card is robust and strong, comprising up to 3 laminated layers or more and can be covered with compression layered laminated glass, such as Gorilla Glass or the like. These as well as many additional changes and modifications may suggest themselves to one skilled in the art, all falling within the scope of the invention as defined by the subjoined claims.

[00068] The present invention relates to the protection of transaction cards such as credit cards, personal identification cards, driving licenses etc. For clarity purposes, the term "credit card" or "card" as used herein should be interpreted to include any type of transaction card that is based on data stored on a magnetic stripe, in a smart chip (processor and memory) or a card comprising both magnetic stripe and processor with memory. It may be appreciated that the proposed card can be smart bank card, smart ATM card, smart credit card, debit card, smart gift card, SEVI card, memory card.

[00069] FIG. 2 A illustrates internal architecture of the binary coded decimal 106 associated with proposed bank card, in accordance with an exemplary embodiment of the present disclosure. In an embodiment, internal architecture of the binary coded decimal associated with proposed bank card can include a microprocessor or chip 202, and a plurality of a binary cells or circles 204 and 206.

[00070] In an exemplary embodiment, the binary cells or circles 204 and 206 can be connected to microprocessor or chip 202. In an exemplary embodiment, the microprocessor or chip 202 can be stored with a chip number or date of birth or alias number or code number or bank details associated with the user such as CVV or expiry date. In another exemplary embodiment, the chip number or alias number or code number can be unknown or unidentified or unrevealed to the user/customer.

[00071] In an exemplary embodiment, the binary cell or circle 204 and 206 can be of a specific diameter, and have various spacing pattern. In an exemplary embodiment, the binary cell or circle 204 and 206 thickness can be lOum to 20um. [00072] In an exemplary embodiment, electrochemical binary cells or circles 204 and

206 can be made of inner material by chemical (chemical can be any chemical) or outer material by a transparent material or a clear glass.

[00073] In an exemplary embodiment, glowed binary cells or circles 204 and 206 can be made of inner material by LED or OLED or any LED technology and outer material by a transparent material or a clear glass or any material.

[00074] In an exemplary embodiment, the microprocessor or chip 202 can send voltage/power to the respective binary cells or circles 204 and 206 to glow or react with the chemical. In an exemplary embodiment, the microprocessor or chip 202 can transmit voltage to the binary cells or circles 204 and 206 then the binary cells or circles 204 and 206 can glow/react as per the pre-configured/pre-determined data which is embedded in the microprocessor glows or reacts with chemical which emits colour or light. In an exemplary embodiment, binary cells or circles 206 can glow or emit light. In an exemplary embodiment, the binary cells or circles 204 and 206 can be glow or emit light based on the pre- configured/pre-determined data which is embedded in the microprocessor.

[00075] In an exemplary embodiment, the binary cells or circles 204 and 206 can be binary-coded decimal (BCD) format. The scanner or reader (not shown) of the proposed ATM can read or scan the glowing binary cells or circles 206 to retrieve the chip number or alias number or card number associated with the bank card in the form of binary-coded decimal (BCD) format.

[00076] In an exemplary embodiment, chip or microprocessor 202 can be completely hidden to the user or customer. In an exemplary embodiment, chip or microprocessor 202 can be isolated from input/output operation so customer/user details are safe. In an exemplary embodiment, chip or microprocessor 202 never communicate with the bank server (not shown) directly but the scanning device or scanner or reader can read the binary coded decimal or binary cell or circle 204 and 206 to validate the card number chip number or alias number associated with the bank card by the bank database. Upon validation of the card number or chip number or alias number and verification of entered details the system prompts the user to enter the PIN to complete financial transaction.

[00077] FIG. 2B illustrates a proposed system for scanning the entire binary coded decimal 106, in accordance with an exemplary embodiment of the present disclosure. In an embodiment, the proposed ATM/POS system can include scanner or scanning device or reader or proposed ATM (not shown) can scan/read the entire grid. In an exemplary embodiment, binary representation can be binary output based on reading/scanning by the scanner or scanning device or reader or proposed ATM/POS.

[00078] FIG. 3 illustrates a flow diagram of the proposed system and its overall working, in accordance with an exemplary embodiment of the present disclosure.

[00079] At step 302, customer/user inserts a bank card into an ATM.

[00080] At step 304, the proposed ATM can be adapted to provide a power to at least two point of the connector grid provided on the bank card.

[00081] At step 306, the connector grids transmit power to a controller of a binary coded decimal which glows the binary cells provided on the binary coded decimal.

[00082] At step 308, upon the glow of cells, the proposed ATM read/scan the encoded information associated with the glowed grid or chemical reacted grid, wherein the encoded information can be in BCD or representation or encrypted format.

[00083] At step 310, the proposed ATM/POS decode the binary coded decimal to decimal code (in encrypted format) and transmitting the decimal code to a bank server.

[00084] At step 312, the bank server decodes the decimal code in decoded value by the bank server.

[00085] At step 314, upon authentication of the decoded value, the ATM/POS prompts for PIN to complete financial transaction.

[00086] FIG. 4 illustrates a proposed ATM (or POS) machine and its overall working, in accordance with an exemplary embodiment of the present disclosure. In an embodiment, the proposed ATM (or POS) can include a power providing means 402, a retrieving encoding means 404, a decoding means and a transaction means.

[00087] In an exemplary embodiment, power providing means 402 can provide a power to at least two point of the connector grid provided on the bank card. In an exemplary embodiment, the proposed ATM can be provided with inbuilt or integrated with the power providing means 402 to supply the power to at least two point of the connector grid.

[00088] In an exemplary embodiment, the retrieving/encoding means 404 can retrieve the encoded information associated with the pre-configured/pre-determined binary cells or circles based upon the glow of the binary cells or circles. In an exemplary embodiment, the encoded information can be retrieved in BCD representation.

[00089] In an exemplary embodiment, the decoding means 406 can decode the encoded information which is in BCD format. In an exemplary embodiment, the decoded information can be transmitted to the bank server. [00090] In an exemplary embodiment, the transaction means 408 can complete financial transaction based on the authentication of the decoded information and PIN number by the bank server.

[00091] It may be appreciated that the authentication of the bank card can be made in one or more ways, for example, entering PIN code via a keyboard on the card, voice recognition authentication, biometric authentication, any other authentication process, or any combination thereof. Alternatively, if the bank card has communication capabilities, for example, radio frequency (RF) then the authentication can be done via a remote device such as a mobile phone in communication with the bank card.

[00092] FIG. 5 illustrates a backside view of a binary coded decimal bank card and its overall working, in accordance with an exemplary embodiment of the present disclosure. In an exemplary embodiment, FIG. 5B illustrates a backside view of the card without Magnetic strip and CVV number

[00093] In an exemplary embodiment, signature panel 552 can be optional. In an exemplary embodiment, banks can use the backside space for any advertisement or product promotion.

[00094] FIG. 6 illustrates detailed explanation about Binary Coded Decimal grid and its overall working, in accordance with an exemplary embodiment of the present disclosure. In an exemplary embodiment, active/glowed cells of column can represents as 602, 604, and 606.

[00095] In an exemplary embodiment, the grid commonly works on sum of all the row values (only active/glowed cells) in each column. The shown images 1,2,4,8 are the decimal values (which will never change) are attached to the each row cell. So sum of the all rows of each column (sum of only active/glowed cells in each row) is the final value of that particular column. For example: consider column-1 602, all row cells in this column are black which means none of the led's in that column didn't active/glow. So in this case the column final value is 0 (rowl) + 0 (row2) + 0 (row3) + 0 (row4) = 0. (I calculated form TOP to BOTTOM) Now consider column-2, only single row cell in this column is active/glow and remaining are in black it means didn't active/glow. So in this case the column final value is 0 (rowl) + 0 (row2) + 0 (row3) + 1 (row4) = 1. (It calculated form TOP to BOTTOM) now consider column-10 such 604, two row cells in this column are active/glow and remaining are in black it means didn't active/glow. So in this case the column final value is 8 (rowl) + 0 (row2) + 0 (row3) + 1 (row4) = 9. (It calculated form TOP to BOTTOM). In an exemplary embodiment, calculated each column final value can arrange it in sequential way to get the complete card or chip number. So from above calculation system predict card number as 0123456789012345 (16- digit card number) - This number can retrieve by the ATM/POS while scanning/reading the entire grid and do the decoding to system readable code or number. This number can be directly submitted to the bank server or ATM/POS encrypts the number (which is captured form the grid) and then send it to the bank server. Now the bank server can decrypt the code and authenticates with the bank database. If matches or found the record then the system prompts user to enter the PIN number to authenticate. If successful then proceed for the transaction options.

[00096] FIG. 7 illustrates an exemplary computer system utilized for implementation of the proposed system in accordance with an exemplary embodiment of the present disclosure. In an embodiment, financial transactions at ATM or POS or online platform by utilizing a new binary coded decimal ATM card can be implemented in the computer system 700 to enable aspects of the present disclosure. Embodiments of the present disclosure include various steps, which have been described above. A variety of these steps may be performed by hardware components or may be tangibly embodied on a computer-readable storage medium in the form of machine-executable instructions, which may be used to cause a general-purpose or special-purpose processor programmed with instructions to perform these steps. Alternatively, the steps may be performed by a combination of hardware, software, and/or firmware. As shown in the figure, computer system 700 includes an external storage device 710, a bus 720, a main memory 730, a read only memory 740, a mass storage device 750, communication port 760, and a processor 770. A person skilled in the art will appreciate that computer system 700 may include more than one processor and communication ports. Examples of processor 570 include, but are not limited to, an Intel® Itanium® or Itanium 2 processor(s), or AMD® Opteron® or Athlon MP® processor(s), Motorola® lines of processors, FortiSOC™ system on a chip processors or other future processors. Processor 770 may include various modules associated with embodiments of the present invention. Communication port 760 can be any of an RS-232 port for use with a modem based dialup connection, a 10/100 Ethernet port, a Gigabit or 10 Gigabit port using copper or fiber, a serial port, a parallel port, or other existing or future ports. Communication port 760 may be chosen depending on a network, such a Local Area Network (LAN), Wide Area Network (WAN), or any network to which computer system 700 connects. Memory 530 can be Random Access Memory (RAM), or any other dynamic storage device commonly known in the art. Read only memory 740 can be any static storage device(s) e.g., but not limited to, a Programmable Read Only Memory (PROM) chips for storing static information e.g., start-up or BIOS instructions for processor 770. Mass storage 750 may be any current or future mass storage solution, which can be used to store information and/or instructions. Exemplary mass storage solutions include, but are not limited to, Parallel Advanced Technology Attachment (PATA) or Serial Advanced Technology Attachment (SATA) hard disk drives or solid-state drives (internal or external, e.g., having Universal Serial Bus (USB) and/or Firewire interfaces), e.g. those available from Seagate (e.g., the Seagate Barracuda 7200 family) or Hitachi (e.g., the Hitachi Deskstar 7K1000), one or more optical discs, Redundant Array of Independent Disks (RAID) storage, e.g. an array of disks (e.g., SATA arrays), available from various vendors including Dot Hill Systems Corp., LaCie, Nexsan Technologies, Inc. and Enhance Technology, Inc. Bus 720 communicatively couples processor(s) 770 with the other memory, storage and communication blocks. Bus 720 can be, e.g. a Peripheral Component Interconnect (PCI) / PCI Extended (PCI-X) bus, Small Computer System Interface (SCSI), USB or the like, for connecting expansion cards, drives and other subsystems as well as other buses, such a front side bus (FSB), which connects processor 770 to software system. Optionally, operator and administrative interfaces, e.g. a display, keyboard, and a cursor control device, may also be coupled to bus 720 to support direct operator interaction with computer system 500. Other operator and administrative interfaces can be provided through network connections connected through communication port 760. External storage device 710 can be any kind of external hard-drives, floppy drives, IOMEGA® Zip Drives, Compact Disc - Read Only Memory (CD-ROM), Compact Disc - Re-Writable (CD-RW), Digital Video Disk - Read Only Memory (DVD-ROM). Components described above are meant only to exemplify various possibilities. In no way should the aforementioned exemplary computer system limit the scope of the present disclosure.

[00097] The various illustrative logical blocks, modules and circuits and algorithm steps described herein may be implemented or performed as electronic hardware, software, or combinations of both. To clearly illustrate this interchangeability of hardware and software, various illustrative components, blocks, modules, circuits, and steps have been described above generally in terms of their functionality. Whether such functionality is implemented as hardware or software depends upon the particular application and design constraints imposed on the overall system. It is noted that the configurations may be described as a process that is depicted as a flowchart, a flow diagram, a structure diagram, or a block diagram. Although a flowchart may describe the operations as a sequential process, many of the operations can be performed in parallel or concurrently. In addition, the order of the operations may be rearranged. A process is terminated when its operations are completed. A process may correspond to a method, a function, a procedure, a subroutine, a subprogram, etc. When a process corresponds to a function, its termination corresponds to a return of the function to the calling function or the main function.

[00098] When implemented in hardware, various examples may employ a general purpose processor, a digital signal processor (DSP), an application specific integrated circuit (ASIC), a field programmable gate array signal (FPGA) or other programmable logic device, discrete gate or transistor logic, discrete hardware components or any combination thereof designed to perform the functions described herein. A general purpose processor may be a microprocessor, but in the alternative, the processor may be any conventional processor, controller, microcontroller or state machine. A processor may also be implemented as a combination of computing devices, e.g., a combination of a DSP and a microprocessor, a plurality of microprocessors, one or more microprocessors in conjunction with a DSP core or any other such configuration.

[00099] When implemented in software, various examples may employ firmware, middleware or microcode. The program code or code segments to perform the necessary tasks may be stored in a computer-readable medium or processor-readable medium such as a storage medium or other storage(s). A processor may perform the necessary tasks. A code segment may represent a procedure, a function, a subprogram, a program, a routine, a subroutine, a module, a software package, a class, or any combination of instructions, data structures, or program statements. A code segment may be coupled to another code segment or a hardware circuit by passing and/or receiving information, data, arguments, parameters, or memory contents. Information, arguments, parameters, data, etc. may be passed, forwarded, or transmitted via any suitable means including memory sharing, message passing, token passing, network transmission, etc.

[000100] As used in this application, the terms "component," "module," "system," and the like are intended to refer to a computer-related entity, either hardware, firmware, a combination of hardware and software, software, or software in execution. For example, a component may be, but is not limited to being, a process running on a processor, a processor, an object, an executable, a thread of execution, a program, and/or a computer. By way of illustration, both an application running on a computing device and the computing device can be a component. One or more components can reside within a process and/or thread of execution and a component may be localized on one computer and/or distributed between two or more computers. In addition, these components can execute from various computer readable media having various data structures stored thereon. The components may communicate by way of local and/or remote processes such as in accordance with a signal having one or more data packets (e.g., data from one component interacting with another component in a local system, distributed system, and/or across a network such as the Internet with other systems by way of the signal).

[000101] In one or more examples herein, the functions described may be implemented in hardware, software, firmware, or any combination thereof. If implemented in software, the functions may be stored on or transmitted over as one or more instructions or code on a computer-readable medium or processor-readable medium. A processor- readable media and/or computer-readable media include both computer storage media and communication media including any medium that facilitates transfer of a computer program from one place to another. A storage media may be any available media that can be accessed by a computer. By way of example, and not limitation, such computer- readable media can comprise RAM, ROM, EEPROM, CD-ROM or other optical disk storage, magnetic disk storage or other magnetic storage devices, or any other medium that can be used to carry or store desired program code in the form of instructions or data structures and that can be accessed by a computer. Also, any connection is properly termed a computer-readable medium or processor-readable medium. For example, if the software is transmitted from a website, server, or other remote source using a coaxial cable, fiber optic cable, twisted pair, digital subscriber line (DSL), or wireless technologies such as infrared, radio, and microwave, then the coaxial cable, fiber optic cable, twisted pair, DSL, or wireless technologies such as infrared, radio, and microwave are included in the definition of medium. Disk and disc, as used herein, includes compact disc (CD), laser disc, optical disc, digital versatile disc (DVD), floppy disk and blue-ray disc where disks usually reproduce data magnetically, while discs reproduce data optically with lasers. Combinations of the above should also be included within the scope of computer-readable media. Software may comprise a single instruction, or many instructions, and may be distributed over several different code segments, among different programs and across multiple storage media. An exemplary storage medium may be coupled to a processor such that the processor can read information from, and write information to, the storage medium. In the alternative, the storage medium may be integral to the processor.

[000102] One or more of the components, steps, and/or functions illustrated in the Figures may be rearranged and/or combined into a single component, step, or function or embodied in several components, steps, or functions. Additional elements, components, steps, and/or functions may also be added without departing from the invention. The novel algorithms described herein may be efficiently implemented in software and/or embedded hardware.

[000103] Those of skill in the art would further appreciate that the various illustrative logical blocks, modules, circuits, and algorithm steps described in connection with the embodiments disclosed herein may be implemented as electronic hardware, computer software, or combinations of both. To clearly illustrate this interchangeability of hardware and software, various illustrative components, blocks, modules, circuits, and steps have been described above generally in terms of their functionality. Whether such functionality is implemented as hardware or software depends upon the particular application and design constraints imposed on the overall system.

[000104] As used herein, and unless the context dictates otherwise, the term "coupled to" is intended to include both direct coupling (in which two elements that are coupled to each other or in contact each other) and indirect coupling (in which at least one additional element is located between the two elements). Therefore, the terms "coupled to" and "coupled with" are used synonymously. Within the context of this document terms "coupled to" and "coupled with" are also used euphemistically to mean "communicatively coupled with" over a network, where two or more devices are able to exchange data with each other over the network, possibly via one or more intermediary device.

Claims

I Claim:

1. A payment card, comprising:

a connector grid and a binary grid embedded in a body of the payment card, wherein the connector grid is adapted to provide an electrical power to a microprocessor associated with the binary grid to glow one or more connectors of the binary grid.

2. The payment card as claimed in claim 1, wherein the payment card comprises at least one alias number embossed on the body.

3. The payment card as claimed in claim 1, wherein one or more connector grid includes a plurality of connectors/connecting points, wherein at least two connectors/connecting points selected from said plurality of connectors/connecting points are visible on the body of the bank card.

4. The payment card as claimed in claim 3, wherein the at least two connectors/connecting points operate as electricity conducting materials.

5. The payment card as claimed in claim 1, wherein the one or more connector grid comprises one or more rows with a plurality of individual connectors/connector pins.

6. The payment card as claimed in claim 1, wherein the binary grid is selected from any or combination of an infrared Light-Emitting Diode (LED), an Infrared- organic (O) LED, an ultra LED, an electrochemical compound grid or any LED technology.

7. The payment card as claimed in claim 1, wherein the microprocessor is electrically coupled with one or more connectors of the binary grid.

8. The payment card as claimed in claim 1, wherein one or more connectors of the binary grid glow based at least one a pre-configured/pre-determined data embedded in the microprocessor.

9. The payment card as claimed in claim 8, wherein the pre-configured/pre-determined data embedded in the microprocessor indicate at least any or combination of a bank account number, a credit card number, a debit cards number, and a chip number.

10. A kiosk machine to read a payment card, comprising:

a scanning device adapted to scan the payment card as claimed in claims 1-9, wherein the scanning device retrieves at least a pre- configured/pre-determined data from one or more glowing connectors of a binary grid associated with the payment card in an encrypted format to thereby transmit the pre-configured/pre-determined data in the encrypted format to at least one server for authenticating the payment card to perform at least one transaction.

11. The kiosk machine as claimed in claim 10, wherein the one or more glowing connectors of the binary grid associated with the payment card are glowed by supplying an electrical power to one or more connectors of the binary grid.

12. A method of performing a financial transaction using a payment card as claimed in claims 1-9, the method comprising:

receiving, by a kiosk machine as claimed in claim 10, the payment card;

supplying, by a power source provided in the kiosk machine, to at least one or more connectors of a binary grid of the payment card;

transmitting power, by the connector grid, to a microprocessor of the binary grid to enable glowing of the one or more connectors of the binary grid as per the pre- configured/pre-determined data embedded in the microprocessor;

scanning, by the kiosk machine, encoded information associated with the glowing grid, wherein the encoded information is in a first encrypted format;

decoding, by the kiosk machine, the encoded information into decimal code in a second encrypted format; and

transmitting the decimal code to a bank server, decoding the decimal code in decoded value by the bank server for authenticating the payment card to perform at least one transaction.

13. A method of performing a financial online transaction using a payment card as claimed in claims 1-9, the method comprising:

receiving, by a kiosk machine as claimed in claim 10 or a computing device, an alias number provided on the payment card;

transmitting, by the kiosk machine or by the computing device, the alias number to at least a bank server in a pre-defined and/or pre-configured format, wherein the pre-defined format include at least the alias number and a secure number pre-defined customizable for the payment card;

retrieving/verifying, by the bank server, based at least on the pre-defined and/or pre- configured format, details associated with the payment card to initiate the financial online transaction.