Cryptography – Particular algorithmic function encoding – Nbs/des algorithm
Patent
1997-07-30
1999-10-26
Cangialosi, Salvatore
Cryptography
Particular algorithmic function encoding
Nbs/des algorithm
705 40, 705 44, H04L 900
Patent
active
059741465
ABSTRACT:
An infrastructure for a real time bank-centric universal payment system in which a central processing unit (CPU) defines an electronic commerce trust system formed from a plurality of financial service provider members subscribing to a common standard having applicability throughout the infrastructure. The central processing unit is operatively interconnected to the correspondent processing units of financial service provider members that in turn are operatively interconnected through access mechanisms to a network of customers and goods and services providers who are account subscribers with the financial service provider member and subject to the common standard of the system. The CPU provides non-revocable real time debit and credit transactions and effects provider net settlement between and among members through a central exchange monetary system. Features of the infrastructure include an ECTS hot file, bill presentment and payment options and provider designed services that enhance brand identity.
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patent: 5220501 (1993-06-01), Lawlor et al.
patent: 5465206 (1995-11-01), Hilt et al.
patent: 5590196 (1996-12-01), Moreau
patent: 5652786 (1997-07-01), Rogers
patent: 5715298 (1998-02-01), Rogers
Bartlett Rick
Ercole Richard
Fontana Fabio
Fredelake Jodie M.
Geer Terry L.
Cangialosi Salvatore
Hewlett--Packard Company
Huntington Bancshares Incorporated
Veri-Fone, Inc.
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