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TRANSACTION VERIFICATION PROTOCOL FOR SMART CARDS

  • US 20080183607A1
  • Filed: 12/18/2007
  • Published: 07/31/2008
  • Est. Priority Date: 01/31/1996
  • Status: Active Grant
First Claim
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1. A method of performing a transaction between a first and second participant wherein said second participant permits a service to be provided to said first participant in exchange for a payment, said method comprising the steps of:

  • a) said first participant verifying the legitimacy of the second participant to obtain assurance that the service will be provided upon payment;

    b) said second participant verifying the legitimacy of said first participant to obtain assurance that payment will be secured upon provision of the service; and

    c) said second participant obtaining a digital signature for said first participant on said transaction whereby said second participant may obtain payment from a third participant.

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