Electronic transaction security system

Details Electronic transaction security system Electronic transaction security system

G - Physics

07

F

354/41

G07F 7/10 (2006.01) G06Q 20/00 (2006.01)

Patent

CA 1232684

Abstract Electronic Transaction Security System A security system is disclosed for use in an electronic funds transfer environment. The system includes a central processor and a portable transaction device. During initiation, the central processor generates a sequence of transaction numbers and associated random numbers. This data is supplied to and stored in the portable transaction device. In operation, the next available random number is determined and combined with a transaction parameter to generate a security code. The security code may be verified immediately or during the check clearing cycle at the central processor. In the preferred embodiment, in the on-line operation, the selection of the random number is altered by a random offset number further enhancing security.

473850

Affiliated with

Also associated with

Rating

Electronic transaction security system does not yet have a rating. At this time, there are no reviews or comments for this patent.

If you have personal experience with Electronic transaction security system, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and Electronic transaction security system will most certainly appreciate the feedback.

Rate now

Comments { 0 }

Profile ID: LFCA-PAI-O-1187145