Computer program, system and method for on-line issuing and verifying a representation of economic value interchangeable for money having identification data and password protection over a computer network
Number of patents in Portfolio can not be more than 2000
United States of America Patent
Stats
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Jun 22, 2010
Issued Date -
N/A
app pub date -
Jul 28, 2002
filing date -
Sep 27, 2000
priority date (Note) -
In Force
status (Latency Note)
Importance
Abstract
An electronic economic value representation distribution system. The potential user may specify the economic value representation. A password is required to lock in the representation and is stored in the issuer server. Information identifying the representation is linked to the password stored in the database. User can create the said representation by downloading from the issuer computer that may be printed on the user's printer connected to his personal computer. On presentation of the said economic value representation at verifier's terminal connected to issuer server, identifying data is transmitted to issuer server for verification. Upon successfully verifying said identifying information, user is requested to present the password locking the representation. Upon successful authentication of presented and successful reconciling with originating account, verifier is to provide user with services or amount valued by the economic representation.
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