Value transfer system

Details Value transfer system Value transfer system

1995-03-06

1997-04-22

Gregory, Bernarr E.

Cryptography

Particular algorithmic function encoding

Nbs/des algorithm

380 4, 380 9, 380 23, 380 29, 380 30, 380 49, 235379, 235380, H04L 900, H04L 932, H04L 930, H04L 906

Patent

active

056235470

ABSTRACT:
A value transfer system which allows value to be transferred between electronic purses comprises computer which controls the loading of purses with value and the redemption of value from purses, a special bulk purse or purses and a value meter securely linked thereto which registers the total net value issued to the bulk purse or purses. Draw-down of value and redemption of value transactions are effected with the bulk purses.

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