Electronic transfer system and method
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United States of America Patent
Stats
-
Feb 9, 1999
Grant Date -
N/A
app pub date -
Dec 14, 1995
filing date -
Dec 14, 1995
priority date (Note) -
In Force
status (Latency Note)
Importance
Abstract
A system and method relating to secure communications in a communication network is disclosed. The invention uses sessions having limited duration to enable parties to communicate securely in the communication network. The session of one party is independent from the session of another party. The sessions are linked at a server which confirms that the sessions are valid. In a preferred embodiment, the secure communications occur in an electronic transfer system. In the electronic transfer system, a customer and a merchant can conduct a transaction wherein the customer can purchase a product from the merchant and pay for the product using electronic funds.
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