Transferring information between transaction networks

• US 5,621,796 A
• Filed: 09/30/1994
• Issued: 04/15/1997
• Est. Priority Date: 09/30/1994
• Status: Expired due to Fees

• Current Assignee: Touch Technologies Incorporated
• Original Assignee: Electronic Payment Services, Inc. (Fiserv Incorporated)
• Inventors: Davis, Terry L., Sears, John W., Russell, James F., Trice, Philip H.
• Primary Examiner(s): Gregory, Bernarr E.
• Application Number:
  US08/316,663
• Time in Patent Office: 928 Days
• Field of Search: 380/21, 380/23, 380/24, 380/25, 380/49, 380/29, 380/30, 235/379, 235/380
• 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 20/027 involving a payment switch or gateway
• CPC Class Codes: G06Q 20/04 Payment circuits
• CPC Class Codes: G06Q 20/20 Point-of-sale [POS] network systems
• 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: H04L 2209/56 Financial cryptography, e.g. electronic payment or e-cash
• CPC Class Codes: H04L 9/3247 involving digital signatures
• CPC Class Codes: H04L 9/3273 for mutual authentication network architectures or network communication protocols for achieving mutual authentication in a packet data network H04L63/0869

Abstract

A stored value transaction system has a plurality of value storing transfer devices. First and second stored value transaction networks each include at least one local value storing device, at least one consolidation device, and at least one network settlement device. An internetwork value information transfer device coupled to the first and second stored value transaction networks transfers value information between the internetwork value information transfer device and the first and second stored value networks. Cryptographic verifiers in each of the networks and in the internetwork value transfer device make independent secure transaction determinations and permit transfers according to the determinations. The value information transferred from the consolidation device to the settlement device may be a summary of the information received by the consolidation device. The network settlement device performs settlement based upon the information summary. The transfer devices within the first and second networks have common cryptographic keys.

Claims

1. A stored value transaction system having a plurality of value storing transfer devices, comprising:

first and second stored value transaction networks, each network including;

a plurality of value transferring devices including a value distributing device for distributing cash-equivalent value to a user and a value collecting device for collecting cash-equivalent value from a user, each value transferring device including a memory for storing value transfer information corresponding to each transfer;

a consolidation device for periodically receiving the stored value transfer information from the memory of at least one of the value transferring devices, the consolidation device including a first memory for storing the received value transfer information, a processor for consolidating the received value transfer information into consolidated information, and a second memory for storing the consolidated information; and

a network settlement device coupled to the consolidation device for receiving the consolidated information from the second memory of the consolidation device, the network settlement device including a first memory for storing the received consolidation information, a processor for performing settlement according to at least a portion of the consolidated information to produce settlement information, and a second memory for storing the settlement information; and

an internetwork network device coupled to the first and second networks for interfacing the first and second networks and for receiving at least a portion of the consolidation information from the first memory of the network settlement device of each of the first and second networks, the internetwork network device including a first memory for storing the received consolidation information and a processor for transmitting at least a portion of the received consolidation information from the first network to the second network and at least a portion of the received consolidation information from the second network to the first network.

2. The stored value transaction system of claim 1, further comprising a first cryptographic verifier in the first network, a second cryptographic verifier in the second network, and a third cryptographic verifier in the internetwork network device for making respective independent first, second and third secure transaction determinations and permitting the transferring of information in accordance with the independent first, second and third secure transaction determinations.

3. The stored value transaction system of claim 2, wherein the first, second and third cryptographic verifiers have a common cryptographic key and the first, second and third secure transaction determinations are made in accordance with the common cryptographic key.

4. The stored value transaction system of claim 2, wherein the independent secure transaction determinations comprise cross-verifications wherein an information-sending device and an information-sending receiving device each independently verify a secure transaction between the information-sending device and the information-receiving device.

5. The stored value transaction system of claim 1, wherein at least one of the network settlement devices performs further consolidation upon at least a portion of the consolidation information to provide further-consolidated information.

6. The stored value transaction system of claim 5, wherein the at least one of the network settlement devices comprises means for applying the further-consolidated portion to the internetwork network device.

7. The stored value transaction system of claim 1, wherein each value transferring device includes a verifier for making independent secure transaction determinations.

8. The stored value transaction system of claim 7, wherein the verifiers comprise cryptographic verifiers.

9. The stored value transaction system of claim 1, wherein the value transferring devices within the first stored value transaction network each include a respective first plurality of individual cryptographic verifiers having a first network key in common with each other for providing individual secure transaction determinations in accordance with the first common network key.

10. The stored value transaction system of claim 9, wherein the value transferring devices within the second stored value transaction network each include a respective second plurality of individual cryptographic verifiers having a second network key in common with each other for providing individual secure transaction determinations in accordance with the second common network key.

11. The stored value transaction system of claim 10, wherein the first and second common network keys differ from each other.

12. The stored value transaction system of claim 1, wherein at least one of the stored value transaction networks includes a plurality of consolidation devices each receiving and consolidating the value transfer information and applying a consolidated portion of the value transfer information to the respective network settlement device.