×

Secure transaction object creation, propagation and invocation

  • US 10,410,212 B2
  • Filed: 05/06/2013
  • Issued: 09/10/2019
  • Est. Priority Date: 05/04/2012
  • Status: Active Grant
First Claim
Patent Images

1. A method for controlling use of a cash channel used for electronic funds transfers, comprising:

  • 1) constructing a security token that incorporates a first set of first financial transaction elements that are required to control operation of a cash channel, said cash channel involving an origination account from which assets are to be withdrawn and a destination account to which assets are to be deposited, said constructing a security token comprising;

    a) operating a first processing system to generate a first data object including at least a first subset of said first financial transaction elements;

    b) transmitting the first data object, directly or indirectly, from said first processing system to a second processing system;

    c) using the second processing system to generate an at least once-encapsulated cash channel object by encapsulating at least the first data object using a first digital signature system including a first digital signature of a first party, for encapsulating the first data object and a first signature verification for verifying the first signature and de-encapsulating the first data object; and

    d) transmitting the at least once-encapsulated cash channel object to a third processing system; and

    e) operating the third processing system to generate an at least twice-encapsulated cash channel object by adding at least a second subset of said first financial transaction elements, different than said first subset, to said once-encapsulated cash channel object and encapsulating at least the at least once-encapsulated cash channel object and said second subset of said first financial transaction elements using a second digital signature system including a second digital signature of a second party, for encapsulating the at least once-encapsulated cash channel object and said second subset of said first financial transaction elements, and a second signature verification for verifying the second signature and de-encapsulating the at least once-encapsulated cash channel object and said second subset of said first financial transaction elements;

    wherein said security token comprises said at least twice-encapsulated cash channel object; and

    2) using the security token by;

    a) receiving, at a transaction processing system, said security token, including said at least twice-encapsulated cash channel object;

    b) receiving, at said transaction processing system, a cash channel request for withdrawing said assets from said origination account and depositing said assets into—

    said destination account, said cash channel request comprising a second set of second financial transaction elements;

    c) operating said transaction processing system to use said second signature verification to de-encapsulate said at least twice-encapsulated cash channel object so as to obtain said second subset of said first financial transaction elements;

    d) operating said transaction processing system to use said first signature verification to de-encapsulate said at least once-encapsulated cash channel object to obtain said first subset of said first financial transaction elements; and

    e) comparing, at said transaction processing system, said first financial transaction elements of said security token with said second financial transaction elements of said cash channel request to verify said cash channel request.

View all claims
  • 6 Assignments
Timeline View
Assignment View
    ×
    ×