Secured financial transaction system using single use codes
Number of patents in Portfolio can not be more than 2000
United States of America Patent
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-
Dec 21, 2004
Grant Date -
N/A
app pub date -
Feb 28, 2000
filing date -
Feb 28, 2000
priority date (Note) -
Expired
status (Latency Note)
Importance
Abstract
A telecommunication total security system of financial transaction substantially diminishes any risk of continued illicit use of payment means. The system comprises one or more user identification codes to be coupled with transaction codes when carrying out a financial transaction. Each transaction code is unique and unrepeatable for each transaction and is generated by an administrator of the system. Each transaction code is cancelled when the transaction is terminated.
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