Common cryptographic key verification in a transaction network

• US 5,633,930 A
• Filed: 09/30/1994
• Issued: 05/27/1997
• 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): Barron, Jr., Gilberto
• Application Number:
  US08/316,686
• Time in Patent Office: 970 Days
• Field of Search: 380/24, 364/408, 902/22, 902/23, 902/26, 902/40
• 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 20/341 Active cards, i.e. cards including their own processing means, e.g. including an IC or chip
• 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: G06Q 20/40975 using encryption therefor
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• 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 stored value transaction system has a plurality of value storing transfer devices, including at least one local device, collection device, consolidation device and settlement device. First and second transfer devices are provided for performing a value information transfer transaction between each other. First and second cryptographic verifiers within the first and second transfer devices, respectively, provide individual first and second secure transaction determinations and permit the value information transfer transaction in accordance with the first and second individual secure transaction determinations. The first and second cryptographic verifiers include respective first and second pluralities of encryption keys. The first and second pluralities of encryption keys have at least one common encryption key whereby both the first secure transaction determination and the second secure transaction determination are made in accordance with the common encryption key. The common encryption key may be a network authority key.

Claims

1. A stored value transaction system comprising:

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

a collection device for performing a value information transfer transaction with at least one of the value transferring devices, the collection device for periodically receiving at least a portion of an accumulated amount of the stored value transfer information from the memory of at least one of the value transferring devices, the collection device including a memory for storing the received accumulated value transfer information;

a network consolidation device for performing a value information transfer transaction with the collection device, the network consolidation device for periodically receiving at least a portion of the stored value transfer information from the memory of the collection device, 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 for performing a value information transfer transaction with the consolidation device, the network settlement device being operatively coupled to the consolidation device for receiving at least a portion of the consolidated information from the second memory of the consolidation device, the network settlement device including a first memory for storing the received consolidated information, a processor for performing settlement according to at least a portion of the received consolidated information to produce settlement information, and a second memory for storing the settlement information;

each of the plurality of value transferring devices, the collection device, the consolidation device, and the network settlement device having a respective cryptographic verifier for providing a secure transaction determination during each respective value information transfer transaction, each respective value information transfer transaction occurring between a respective transferor and a respective transferee and being permitted in accordance with a transferor secure transaction determination by the respective transferor and in accordance with a transferee secure transaction determination by the respective transferee;

each cryptographic verifier including a plurality of encryption keys, each plurality of encryption keys having at least one common encryption key whereby the transferor secure transaction determination and the transferee secure transaction determination are made in accordance with the common encryption key.

2. The stored value transaction system of claim 1, wherein said common encryption key is a network authority key.

3. The stored value transaction system of claim 2, wherein each encryption key includes a public key and a separate private key.

4. The stored value transaction system of claim 1, wherein each cryptographic verifier includes a cross-verifier for permitting a value information transfer transaction only when both a transferor device and a transferee device perform secure transaction determinations.

5. The stored value transaction system of claim 1, wherein each cryptographic verifier employs a digital encryption standard.

6. The stored value transaction system of claim 1, wherein the network settlement device performs settlement in accordance with the common encryption key.

7. The stored value transaction system of claim 1, further comprising a plurality of said consolidation devices wherein each consolidation device consolidates received value transfer information into consolidated information and includes a transmission pathway for selectively transferring at least a portion of the consolidated information to the network settlement device.

8. The stored value transaction system of claim 7, wherein at least one of the consolidation devices receives stored value transfer information from at least a portion of the plurality of value transferring devices.

14. The stored value transaction system of claim 1, wherein the value transferring device comprises a point-of-sale terminal.

15. The stored value transaction system of claim 1, wherein the value transferring device comprises an automatic teller machine.

16. The stored value transaction system of claim 1, wherein the value transferring device comprises a vending machine.

17. The stored value transaction system of claim 1, wherein an encryption key is transmitted between the transferor and the transferee.

9. A stored value transaction system comprising:

first and second networks, each network comprising;

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

a collection device for performing a value information transfer transaction with at least one of the value transferring devices, the collection device for periodically receiving at least a portion of an accumulated amount of the stored value transfer information from the memory of at least one of the value transferring devices, the collection device including a memory for storing the received accumulated value transfer information;

a network consolidation device for performing a value information transfer transaction with the collection device, the network consolidation device for periodically receiving at least a portion of the stored value transfer information from the memory of the collection device, 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 for performing a value information transfer transaction with the consolidation device, the network settlement device operatively coupled to the consolidation device for receiving at least a portion of the consolidated information from the second memory of the consolidation device, the network settlement device including a first memory for storing the received consolidated information, a processor for performing settlement according to at least a portion of the received consolidated information to produce settlement information, and a second memory for storing the settlement information;

each of the plurality of value transferring devices, the collection device, the consolidation device, and the network settlement device having a respective cryptographic verifier for providing a secure transaction determination during each respective value information transfer transaction, each respective value information transfer transaction occurring between a respective transferor and a respective transferee and being permitted in accordance with a transferor secure transaction determination by the respective transferor and in accordance with a transferee secure transaction determination by the respective transferee;

each cryptographic verifier including a plurality of encryption keys, each plurality of encryption keys having at least one common encryption key whereby the transferor secure transaction determination and the transferee secure transaction determination are made in accordance with the common encryption key; and

an internetwork value information transfer device coupled to the first and second networks for transferring value information between the internetwork value information transfer device and a selected one of the first and second networks.

10. The stored value transaction system of claim 9, wherein the internetwork value information transfer device has a cryptographic verifier for providing an independent secure transaction determination and permitting a transfer of value information in accordance with the independent secure transaction determination.

11. The stored value transaction system of claim 10, wherein the cryptographic verifier comprises a cross-verifier for permitting the transfer of value information only when both the internetwork transfer device and the selected one of the first and second networks perform an independent secure transaction determination.

12. The stored value transaction system of claim 9, wherein the network settlement device of the first network applies at least a portion of the received consolidated information to the internetwork value transfer device.

13. The stored value transaction system of claim 12, wherein the internetwork value information transfer device applies at least a portion of the received consolidated information from the network settlement device of the first network to the network settlement device of the second network, the network settlement device of the second network performing further consolidation thereupon to apply a further consolidated portion of value information to the internetwork value information transfer device.