Systems and methods for using tokenized and dynamic physical checks
View Patent ↗Embodiments are described herein for systems and methods for authenticating tokenized and/or dynamic physical checks, and authorizing transfers of funds in response to the authentication. In particular, in certain embodiments, a method includes identifying, using at least one processor, a dynamic authentication code of a physical check. The method also includes automatically authenticating, using the at least one processor, the physical check based at least in part on the identified dynamic authentication code. The method further includes automatically authorizing, using the at least one processor, a transfer of funds in response to the authentication of the physical check.
1 . A method, comprising:
activating circuitry of a physical check to activate a dynamic authentication code of the physical check based at least in part on a control signal received from a computing device, wherein activating the circuitry of the physical check comprises activating the dynamic authentication code by providing inductance to the circuitry of the physical check from the computing device;
automatically authenticating the physical check based at least in part on the dynamic authentication code;
automatically authorizing a transfer of funds in response to the authentication of the physical check; and
deactivating the dynamic authentication code by discontinuing the induction provided to the circuitry of the physical check from the computing device.
2 . The method of claim 1 , wherein the dynamic authentication code is determined using an application executed by the computing device.
3 . The method of claim 1 , wherein activating the dynamic authentication code comprises sending the control signal from the computing device to the circuitry of the physical check to cause the dynamic authentication code to become visible.
4 . The method of claim 1 , comprising destroying a display device of the physical check in response to an invalid attempt to activate the dynamic authentication code using the computing device.
5 . The method of claim 1 , comprising deactivating the dynamic authentication code by deactivating the circuitry of the physical check after a period of time.
6 . The method of claim 5 , wherein deactivating the dynamic authentication code comprises causing the dynamic authentication code to become invisible.
7 . The method of claim 5 , wherein the period of time is determined by a life of a battery of the physical check that activates the circuitry of the physical check.
8 . The method of claim 1 , wherein activating the dynamic authentication code comprises displaying the dynamic authentication code via a display device of the physical check.
9 . The method of claim 1 , comprising activating color coding of the dynamic authentication code using the circuitry of the physical check.
10 . A physical check, comprising:
circuitry configured to activate a dynamic authentication code of the physical check based at least in part on moisture applied to a battery of the physical check, wherein the dynamic authentication code is configured to uniquely identify the physical check and to enable a check processing system to authorize a transfer of funds in response to authentication of the physical check using the dynamic authentication code.
11 . The physical check of claim 10 , wherein the circuitry is configured to deactivate the dynamic authentication code after a period of time.
12 . The physical check of claim 11 , wherein deactivating the dynamic authentication code comprises causing the dynamic authentication code to become invisible.
13 . The physical check of claim 11 , wherein the period of time is determined by a life of the battery of the physical check that activates the circuitry.
14 . The physical check of claim 10 , wherein activating the dynamic authentication code comprises displaying the dynamic authentication code via a display device of the physical check.
15 . The physical check of claim 10 , wherein the circuitry is configured to activate color coding of the dynamic authentication code.
16 . A physical check, comprising:
a display device and circuitry configured to cause a dynamic authentication code to be displayed via the display device in response to activation of the circuitry and to destroy the display device in response to an invalid attempt to activate the dynamic authentication code, wherein the dynamic authentication code is configured to uniquely identify the physical check and to enable a check processing system to authorize a transfer of funds in response to authentication of the physical check using the dynamic authentication code.
17 . The physical check of claim 16 , wherein the circuitry is configured to deactivate the display of the dynamic authentication code after a period of time.