Secure transaction string

G - Physics – 06 – Q

Patent

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Details

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

Patent

CA 2551965

A system and method for creating and/or handling a secure transaction string. In a preferred embodiment, a device receives entry of a card's information and user input for a transaction. The transaction information is preferably divided into a plurality of blocks which are separately encrypted using different encryption keys for each. Entities along the transaction chain are preferably equipped to decrypt only those blocks with information which they need in order to participate in the transaction, so that sensitive information not needed by an entity is not stored at that entity in an unencrypted format.

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