Method and systems for securely exchanging data in an electronic transaction
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United States of America Patent
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N/A
Issued Date -
Dec 30, 2004
app pub date -
Jun 17, 2004
filing date -
Jun 17, 2003
priority date (Note) -
Abandoned
status (Latency Note)
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Abstract
Methods and systems of encrypting and authenticating transaction data via the use of encryption and authentication algorithms are disclosed. Encryption and decryption algorithms are stored within a computer-readable storage medium and executed by a processor on a user device. These algorithms are used when a transaction is initiated by the user device with a point of transaction terminal across a communication interface to establish a secure connection for the transmission of data. Data relating to the transaction is then sent across the communication interface through the secure connection.
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