Security devices, systems, and methods for dynamic transaction cards

Abstract

A dynamic transaction card including: one or more light emitting elements; a transceiver; and an embedded microprocessor configured to: receive, from a transaction terminal, a location information corresponding to a current location of the transaction terminal; wirelessly transmit, via the transceiver and to a mobile device, the location information; receive an indication that a location-specific security concern exists; and in response to receiving the indication, control the one or more light emitting elements to display a visual indication corresponding to the location-specific security concern.

What is claimed is: 
     
         1 . A method comprising:
 receiving, at a backend system, a transaction request for a dynamic transaction card;   receiving, at the backend system, location information corresponding to the transaction request;   determining, by the backend system, that a location-specific security concern exists; and   instructing the dynamic transaction card to output a visual indication that the location-specific security concern exists.   
     
     
         2 . The method of  claim 1 , wherein the location information is received as part of the transaction request. 
     
     
         3 . The method of  claim 1 , wherein the location information corresponds to a current location of the transaction terminal. 
     
     
         4 . The method of  claim 1 , wherein the backend system instructs the dynamic transaction card to output the visual indication that the location-specific security concern exists through a transaction terminal in communication with the dynamic transaction card. 
     
     
         5 . The method of  claim 1 , wherein the backend system instructs the dynamic transaction card to output the visual indication that the location-specific security concern exists through a mobile device associated with the dynamic transaction card. 
     
     
         6 . The method of  claim 1 , wherein:
 the dynamic transaction card receives the location information from a transaction terminal associated with the transaction request and transmits the location information to a mobile device associated with the dynamic transaction card, and   the backend system receives the location information from the mobile device.   
     
     
         7 . The method of  claim 1 , wherein the location information comprises a merchant identifier corresponding to a merchant associated with the transaction request. 
     
     
         8 . The method of  claim 1 , wherein the location-specific security concern is that the current location has a higher crime rate. 
     
     
         9 . The method of  claim 1 , wherein the location-specific security concern is that the transaction terminal is potentially fraudulently compromised. 
     
     
         10 . A method comprising:
 determining, by a mobile device, a location information associated with a current location of the dynamic transaction card;   outputting, to a backend system, the location information;   receiving, from the backend system, an indication that a location-specific security concern exists; and   outputting, to the dynamic transaction card, an instruction to display a visual indication that the location-specific security concern exists.   
     
     
         11 . The method of  claim 10 , further comprising:
 identifying a current location of the mobile device based on the GPS as the location information.   
     
     
         12 . The method of  claim 11 , further comprising:
 determining a merchant identifier based on a merchant location corresponding the current location of the mobile device; and   outputting the merchant identifier as the location information to the backend system.   
     
     
         13 . The method of  claim 10 , further comprising:
 displaying the visual indication that the location-specific security concern exists prior to an attempted transaction using the dynamic transaction card.   
     
     
         14 . The method of  claim 10 , wherein:
 the dynamic transaction card receives the location information from a transaction terminal associated with a merchant as part of an attempted transaction, and   the mobile device receives the location information from the dynamic transaction card.   
     
     
         15 . The method of  claim 10 , wherein the location information comprises a merchant identifier. 
     
     
         16 . The method of  claim 10 , further comprising:
 receiving, from the backend system, a temporary transaction account number; and   providing the temporary transaction account number to the dynamic transaction card to effectuate a purchase in response to the location-specific security concern existing.   
     
     
         17 . A method comprising:
 receiving, from a dynamic transaction card, a location information corresponding to a current location of a transaction terminal;   transmitting, from a mobile device to a backend system, the location information;   determining, by the backend system, from the location information, that a that a location-specific security concern exists; and   transmitting, to the dynamic transaction card, an instruction to display a visual indication that the location-specific security concern exists.   
     
     
         18 . The method of  claim 17 , wherein the location information is associated with a transaction request. 
     
     
         19 . The method of  claim 17 , wherein the location information comprises a merchant identifier corresponding to a merchant associated with the transaction request. 
     
     
         20 . The method of  claim 17 , further comprising:
 determining a merchant identifier based on a merchant location corresponding the current location of the mobile device; and   outputting the merchant identifier as the location information to the backend system.