System and method for secure presentment and payment over open n

Details System and method for secure presentment and payment over open n System and method for secure presentment and payment over open n

1998-03-20

2000-06-27

Peeso, Thomas R.

Data processing: financial, business practice, management, or co

Automated electrical financial or business practice or...

Finance

705 30, 705 34, 705 39, 380 21, G06F 1700

Patent

active

060817909

ABSTRACT:
A system for secure presentment and payment having a first electronic processing device and a second electronic processing device. The first processing device creates a presentment ticket from stored invoice data, and securely transmits the presentment ticket and the invoice data to the second processing device. The second processing device determines which invoices are to be paid and creates a corresponding remittance advice which it securely transmits to said first processing device. The first processing device creates a commercial payment ticket corresponding to the remittance advice and securely transmits it to the second processing device. The second processing device then securely transmits electronic money to the first processing device in an amount corresponding to that specified in the remittance advice.

REFERENCES:
patent: 5220501 (1993-06-01), Lawlor et al.
patent: 5383113 (1995-01-01), Kight et al.
patent: 5453601 (1995-09-01), Rosen
patent: 5465206 (1995-11-01), Hilt et al.
patent: 5557518 (1996-09-01), Rosen
patent: 5671280 (1997-09-01), Rosen
patent: 5699528 (1997-12-01), Hogan
patent: 5739511 (1998-04-01), Pedersen
patent: 5850442 (1998-12-01), Muftic
patent: 5870473 (1999-02-01), Boesch et al.
patent: 5903882 (1999-05-01), Asay et al.
patent: 5930778 (1999-09-01), Geer
"Internet Billing Service Design and Prototype Implementation", Marvin A. Sirbu, IMA Intellectual Property Project Proceedings, vol. 1, Issue 1, Jan. 1994.
Schneier, Bruce, "Applied Cryptography, Protocols, Algorithms, and Source Code in C", 1994, John Wiley & Sons, Inc. NY, pp. 1-16 and 70-71.

Affiliated with

Also associated with

Rating

System and method for secure presentment and payment over open n does not yet have a rating. At this time, there are no reviews or comments for this patent.

If you have personal experience with System and method for secure presentment and payment over open n, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and System and method for secure presentment and payment over open n will most certainly appreciate the feedback.

Rate now

Comments { 0 }

Profile ID: LFUS-PAI-O-1792615