Security system for electronic funds transfer system

Communications: electrical – Continuously variable indicating – With meter reading

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235379, 235382, 178 2208, H04Q 900, H04L 900, G06F 1530, G06K 500

Patent

active

044082037

ABSTRACT:
A security system, particularly useful in an electronic funds transfer system, makes use of secret identification codes known only to system users. The codes are encrypted upon insertion into the system and are stored in a data processing unit in encrypted form. A security module is used to decrypt the code entered by a user and compare it to the corresponding encrypted code stored in the data processing unit.

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National Commission on Electronic Fund Transfers, Dec. 16, 1976, S. Jeffery, Institute for Computer Sciences and Technology National Bureau of Standards, Washington, D.C. 20234.

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