초록 ▼

A practical method and system for supplementing or replacing current security protocols used on public networks involving the distribution of a proprietary system for use on a public network access provider's network. The proprietary system includes processing hardware and proprietary software. The

A practical method and system for supplementing or replacing current security protocols used on public networks involving the distribution of a proprietary system for use on a public network access provider's network. The proprietary system includes processing hardware and proprietary software. The proprietary system transmits private data, outside the internet, over proprietary lines to a back-end process. When a "sender" sends private data it is sent over the proprietary system to a back-end process. The back-end process returns a time sensitive token which the "sender" sends to the "receiver". The "receiver" takes the time sensitive token and uses it to either retrieve the private data, over a proprietary system, or initiate a transaction with a financial institution. Encryption is used to allow authentication of the participants. This method can be used in conjunction with Secure Socket Layer (SSL) encryption and/or the Secure Electronic Transaction (SET) protocol.

대표청구항 ▼

[ We claim:] [7.] A method of securing an exchange in a transaction conducted over a public network by a sender and a receiver designated by the sender, said method comprising the steps of:accessing said public network to designate a receiver;entrusting a trusted local system with sender data that i

[ We claim:] [7.] A method of securing an exchange in a transaction conducted over a public network by a sender and a receiver designated by the sender, said method comprising the steps of:accessing said public network to designate a receiver;entrusting a trusted local system with sender data that includes data private to the sender;accessing a nonpublic network that connects said trusted local system with a transaction processor trusted to maintain private data in strict confidence;transmitting said sender data from said trusted local system to said trusted transaction processor whereby said transaction processor manages said private data in strict confidence while facilitating said transaction between the sender and the receiver.