Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Finance
Patent
1996-10-03
1999-06-15
MacDonald, Allen R.
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Finance
705 26, 705 43, G06F 1760
Patent
active
059132035
ABSTRACT:
Totally anonymous or effectively anonymous cash-like transactions are accomplished by using a pseudo cash data package converter for inserting a user key into a pseudo cash preliminary data packet through the use of a user insertion key to generate a pseudo cash unit with a fixed monetary value that can be used to purchase goods or services via the Internet. A pseudo cash repository facilitates the cash-like transactions and maintains a record of the pseudo cash units and their fixed monetary value. Depending upon the level of anonymity selected by a purchaser, the pseudo cash repository can either transmit pseudo cash preliminary data packets or pseudo cash units to a first entity. If the first entity loses an effectively anonymous pseudo cash preliminary data packet, it can be replaced by the pseudo cash repository without risk of loss.
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Anderson Roy L.
Wong Jacob Y.
Jaesent Inc.
Jeanty Romain
MacDonald Allen R.
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