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US Patent 5903721 - Method and system for secure online transaction processing

US Patent Issued on May 11, 1999
Estimated Patent Expiration Date: Icon_subject March 13, 2017Estimated Expiration Date is calculated based on simple USPTO term provisions. It does not account for terminal disclaimers, term adjustments, failure to pay maintenance fees, or other factors which might affect the term of a patent.
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Abstract

A method for executing a secure online transaction between a vendor computer and a user computer, wherein the vendor computer and the user computer are interconnected to a computer network such as the Internet for data communications therebetween. The method comprises the steps of the user computer transmitting a transaction request message to the vendor computer via the computer network, the financial transaction request comprising user identification data unique to the user computer; in response to receiving the transaction request, the vendor computer sending a transaction verification request to a trust server computer interconnected to the computer network, the transaction verification request comprising the user identification data and data indicative of the requested transaction; in response to receiving the transaction verification request, the trust server computer authenticating the user computer by using the user identification data and communicating with the user computer for verification with the user identification data; and the trust server authorizing the transaction when the authenticating step has passed.

Other References

  • Netscape Communications Corporation, "Netscape LivePayment White Paper", Oct. 02, 1996 (located on Internet) pp. 1-14
  • Michele Rosen, "Cash for Cyberspace", Midrange Systems, Apr. 12, 1996, pp. 34-35
  • Stephan Somogyi, "Mediascape--How Would You Like to Pay for That?", Digital Media, vol.4, No. 7, pp. 13-17
  • Candee Wilde, "Internet Security: A Moving Target", Interactive Age, May 13, 1996
  • B. Clifford Newman et al. "Requirements for Network Payment: The NetCheque Perspective", pp. 32-36
  • Jim Sabo, "Riding Shotgun on the Electronic Stagecoach", NetGuide, Aug., 1996, pp. 119-124
  • Larry Loeb, "The Stage is Set", Internet World, Aug., 1996, pp. 55-59
  • Marvin A. Sirbu, "Credits and Debits on the Internet", IEEE Spectrum, Feb., 1997, pp. 23-29
  • David Chaum et al., "Minting Electronic Cash", IEEE Spectrum, Feb., 1997, pp. 31-34
  • Peter S. Gemmell, "Traceable e-Cash", IEEE Spectrum, Feb., 1997, pp. 35-37
  • Robert W. Baldwin et al., "Locking the e-Safe", IEEE Spectrum, Feb., 1997, pp. 40-4

Inventor

Assignee

Application

No. 816410 filed on 03/13/1997

Field of Search

380/30Public key

Examiners

Primary: Palys, Joseph E.
Assistant: Wright, Norman M.

Attorney, Agent or Firm

US Patent References

5416842, Method and apparatus for key-management scheme for use with internet protocols at site firewalls
Issued on: 05/16/1995
Inventor: Aziz
5557518, Trusted agents for open electronic commerce
Issued on: 09/17/1996
Inventor: Rosen
5592375, Computer-assisted system for interactively brokering goods or services between buyers and sellers
Issued on: 01/07/1997
Inventor: Salmon, et al.
5649099, Method for delegating access rights through executable access control program without delegating access rights not in a specification to any intermediary nor comprising server security
Issued on: 07/15/1997
Inventor: Theimer, et al.
5678041, System and method for restricting user access rights on the internet based on rating information stored in a relational database
Issued on: 10/14/1997
Inventor: Baker, et al.
5684950, Method and system for authenticating users to multiple computer servers via a single sign-on
Issued on: 11/04/1997
Inventor: Dare, et al.
5684951, Method and system for user authorization over a multi-user computer system
Issued on: 11/04/1997
Inventor: Goldman, et al.
5754761, Universal sofeware key process
Issued on: 05/19/1998
Inventor: Willsey
5758069Electronic licensing system
Issued on: 05/26/1998
Inventor: Olsen

International Class

G06F 13//00

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