Collection of value from stored value systems

• US 5,559,887 A
• Filed: 09/30/1994
• Issued: 09/24/1996
• Est. Priority Date: 09/30/1994
• Status: Expired due to Fees

• Current Assignee: Touch Technologies Incorporated
• Original Assignee: Electronic Payment Service
• Inventors: Davis, Terry L., Hart, James A., Sears, John W., Russell, James F., Trice, Philip H., O'Malley, Michael F.
• Primary Examiner(s): Cain, David C.
• Application Number:
  US08/316,308
• Time in Patent Office: 725 Days
• Field of Search: 235/379, 235/61.7 B, 235/380, 235/381, 235/492, 364/408, 364/900, 380/23, 380/24, 380/25
• US Class Current: 705/68
• CPC Class Codes: G06Q 20/02 involving a neutral party, e.g. certification authority, notary or trusted third party [TTP]
• CPC Class Codes: G06Q 20/023 the neutral party being a clearing house
• CPC Class Codes: G06Q 20/04 Payment circuits
• CPC Class Codes: G06Q 20/1085 involving automatic teller machines [ATMs]
• CPC Class Codes: G06Q 20/20 Point-of-sale [POS] network systems
• CPC Class Codes: G06Q 20/229 Hierarchy of users of accounts
• CPC Class Codes: G06Q 20/341 Active cards, i.e. cards including their own processing means, e.g. including an IC or chip
• CPC Class Codes: G06Q 20/363 with the personal data of a user
• CPC Class Codes: G06Q 20/3676 Balancing accounts
• CPC Class Codes: G06Q 20/3825 Use of electronic signatures
• CPC Class Codes: G06Q 20/401 Transaction verification
• CPC Class Codes: G07F 7/0866 by active credit-cards adapted therefor G07F7/1008 takes precedence
• CPC Class Codes: G07F 7/1008 Active credit-cards provided with means to personalise their use, e.g. with PIN-introduction/comparison system

Abstract

A first transfer device receives a first transaction signal from a second transfer device and provides a first certification signal. The second transfer device receives the first certification signal and encrypts it to provide a first encrypted signal. The first transfer device receives the first encrypted signal and encrypts the first certification signal to provide a second encrypted signal. A transaction is verified in accordance with the first and second encrypted signals and stored value is transferred between the first and second transfer devices in accordance with the verifying. A third transfer device, separate from the first and second transfer devices, receives a second transfer signal from a selected one of the first and second transfer devices and provides a second certification signal. The selected transfer device receives the second certification signal and encrypts it to provide a third encrypted signal. The third transfer device receives the third encrypted signal and encrypts the second certification signal to produce a fourth encrypted signal. A transaction is verified in accordance with the third and fourth encrypted signals and stored value is transferred between the first selected transfer device and the third transfer device in accordance with the second verifying.

Claims

1. A method for determining value in a stored value transaction system having a plurality of value storing transfer devices, including a local device, a collection device, a consolidation device and a settlement device, said value transfer devices each having a device identification number, comprising the steps of:

(1) receiving, by a first transfer device, a first transaction signal from a second transfer device and providing a first certification signal in response to said first transaction signal;

(2) receiving, by said second transfer device said first certification signal and encrypting said first certification signal to provide a first encrypted signal;

(3) receiving, by said first transfer device, said first encrypted signal;

(4) encrypting, by said first transfer device, said first certification signal to provide a second encrypted signal;

(5) first verifying a transaction in accordance with said first and second encrypted signals and transferring stored value between said first and second transfer devices in accordance with said first verifying;

(6) receiving, by a third transfer device separate from said first and second transfer devices, a second transaction signal from a first selected one of said first and second transfer devices and providing a second certification signal in response to said second transaction signal;

(7) receiving, by said first selected transfer device, said second certification signal and encrypting said second certification signal to provide a third encrypted signal;

(8) receiving, by said third transfer device, said third encrypted signal;

(9) encrypting, by said third transfer device, said second certification signal to produce a fourth encrypted signal;

(10) second verifying a transaction in accordance with said third and fourth encrypted signals and transferring stored value between said first selected transfer device and said third transfer device in accordance with said second verifying.

2. The method for determining value in a stored value transaction system of claim 1, comprising the step of transferring value between said collection device and said consolidation device.

3. The method for determining value in a stored value transaction system of claim 2, further comprising the step of transferring information representative of said transferred value for providing an audit of said transferred value.

4. The method for determining value in a stored value transaction system of claim 3, comprising the step of transferring a portion of said information to said settlement device and transferring a portion of said information to a storage device.

5. The method for determining value in a stored value transaction system of claim 4, wherein said storage device is separate from said settlement device.

6. The method for determining value in a stored value transaction system of claim 4, comprising the step of transferring said information from said storage device to said settlement device.

7. The method for determining value in a stored value transaction system of claim 4, wherein said transaction system further comprises a plurality of said consolidation devices each having stored value information, each consolidation device of said plurality of consolidation devices selectively transferring a portion of its stored value information to said settlement device.

8. The method for determining value in a stored value transaction system of claim 7, wherein a transferring consolidation device of said plurality of consolidation devices receives stored value from at least one of a plurality of differing local device coupled thereto.

9. The method for determining value in a stored value transaction system of claim 1, wherein step (1) is preceded by the steps of:

(11) receiving, by a fourth transfer device, a third transaction signal from a second selected one of said first, second and third transfer devices and generating a third certification signal in response to said third transaction signal;

(12) receiving, by said second selected transfer device, said third certification signal and encrypting said third certification signal to provide a fifth encrypted signal;

(13) receiving, by said fourth transfer device, said fifth encrypted signal;

(14) encrypting, by said fourth transfer device, said third certification signal to provide a sixth encrypted signal; and

(15) third verifying a transaction in accordance with said fifth and sixth encrypted signals and transferring value between said fourth transfer device and said second selected transfer device in accordance with said third verifying.

10. The method for determining value in a stored value transaction system of claim 1, said transaction system being coupled to a further transaction system, comprising the further steps of:

(16) receiving, by a third selected one of said first, second and third transfer devices, an internetwork transaction signal from said further transaction system and providing a fourth certification signal in response to said internetwork transaction signal;

(17) receiving, by said further transaction network, a fourth certification signal and encrypting said fourth certification signal to provide a seventh encrypted signal;

(18) receiving, by said third selected transfer device, said seventh encrypted signal;

(19) encrypting, by said third selected transfer device, said fourth certification signal to provide an eighth encrypted signal; and

(20) fourth verifying a transaction in accordance with said seventh and eighth encrypted signals and transferring value between said third selected transfer device and said further transaction system in accordance with said fourth verifying.

11. The method for determining value in a stored value transaction system of claim 10, including a plurality of said settlement devices each transferring stored value to said further transaction network in accordance with said encrypted values.

12. The method for determining value in a stored value transaction system of claim 1, including a switch coupled to said consolidation device and a plurality of further local devices coupled to said switch, comprising the further step of selectively transferring stored value from selected ones of said further local devices to said consolidation device in accordance with said switch.

13. The method for determining value in a stored value transaction system of claim 1, wherein said encrypting is performed by fifth and sixth transfer devices, comprising the steps of:

(21) generating a first transfer device session key in accordance with a device identification number of said fifth transfer device and an encryption algorithm;

(22) generating a second transfer device session key in accordance with a device identification number of said sixth transfer device and an encryption algorithm;

(23) comparing said first and second transfer device session keys; and

(24) transferring stored value between said fifth and sixth transfer devices in accordance with the comparison of step (23).

14. The method for determining value in a stored value transaction system of claim 13, wherein stored value is transferred when said first and second transfer device session keys are identical.

15. The method for determining value in a stored value transaction system of claim 1, further comprising the step of generating a transaction signature by at least one of said first and second transfer devices and storing said transaction signature for creating an audit trail for the transaction.

16. The method for determining value in a stored value transaction system of claim 15, further comprising the step of generating a transaction signature by said receiving device by both of said first and second transfer devices.

17. The method for determining value in a stored value transaction system of claim 16, wherein at least one of said first and second transfer devices is provided with a transaction counter for indicating the number of transactions said at least one of said first and second transfer devices has entered, including the step of generating at least one of said first and second session keys in accordance with said transaction counter.

18. The method for determining value in a stored value transaction system of claim 1, wherein step (1) is performed by said collection device.

19. The method for determining value in a stored value transaction system of claim 18, wherein step (2) is performed by said local device.

20. The method for determining value in a stored value transaction system of claim 19, wherein said local device comprises an automatic teller machine.

21. The method for determining value in a stored value transaction system of claim 19, wherein said local device comprises a point-of-sale terminal.

22. The method for determining value in a stored value transaction system of claim 1 wherein said local device comprises a vending machine.

23. The method for determining value in a stored value transaction system of claim 1, wherein at least one of said first and second certification signals comprises a random value signal.

24. The method for determining value in a stored value transaction system of claim 1, wherein at least one of said first, second and third transfer devices signs a transaction to prevent repudiation of said signed transaction.

25. The method for determining value in a stored value transaction system of claim 1, wherein said first and second transfer devices of said plurality of transfer devices are provided with a common encryption key.

26. The method for determining value in a stored value transaction system of claim 25, wherein each transfer device of said plurality of transfer devices is provided with said common encryption key.