Space efficient method of electronic payments
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United States of America Patent
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Sep 14, 1999
Grant Date -
N/A
app pub date -
Nov 25, 1996
filing date -
Nov 25, 1996
priority date (Note) -
In Force
status (Latency Note)
Importance
Abstract
A method of space efficient electronic payments. A customer initiates an electronic transaction by transmitting a request for payment information to a seller. In response, the customer receives from the seller the payment information needed to generate an electronic payment. The customer determines the reliability of the payment information by authenticating it. If the payment information is authenticated, then the customer generates an electronic payment using the payment information and a master key unknown to the seller. Finally, the customer transmits the electronic payment to the seller along with a request for desired goods and/or services.
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