Automatic portable account controller for remotely arranging for

Details Automatic portable account controller for remotely arranging for Automatic portable account controller for remotely arranging for

1997-01-06

1999-06-22

Gregory, Bernarr E.

Cryptography

Particular algorithmic function encoding

Nbs/des algorithm

380 4, 380 9, 380 23, 380 25, 380 49, 705 26, 705 35, 705 39, 705 40, 705 44, H04L 900

Patent

active

059150238

ABSTRACT:
An apparatus and method of transferring a value from a transferor to a transferee in a transaction executed through a public service telephone network. The method includes the step of exchanging essential information between the transferor and transferee through a connection established through the public service telephone network. A summary of the transaction is transferred from the transferor and from the transferee to a third party agent of the transferee through the public service telephone network. The summary received from the transferor with the summary received from the transferee and where a match is determined, transferring the value to the transferee.

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