Method of conducting secure transactions containing confidential, financial, payment, credit, or other information over a network

• US 6,910,023 B1
• Filed: 05/26/2000
• Issued: 06/21/2005
• Est. Priority Date: 05/26/2000
• Status: Expired due to Fees

• Current Assignee: Eitan Schibi
• Original Assignee: Eitan Schibi
• Inventors: Schibi, Eitan
• Primary Examiner(s): Elisca, Pierre E.
• Application Number:
  US09/578,708
• Time in Patent Office: 1,852 Days
• Field of Search: 705/64, 705/79, 705/72, 705/39, 705/65, 705/75, 705 66- 71, 705/73, 705/74, 705 76- 78, 705/26, 705/44, 705/38, 705/40
• US Class Current: 705/64
• CPC Class Codes: G06Q 20/04 Payment circuits
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/382 insuring higher security of transaction
• CPC Class Codes: G06Q 20/425 using two different networks, one for transaction and one for security confirmation
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions

Abstract

A method for enabling an individual, business, or other entity to exchange confidential information or to make purchases or conduct financial or other transactions over a public or quasi-public network while limiting the transmission of confidential, sensitive, financial or other information over the public or quasi-public network and limiting access to such information by unauthorized individuals. The method includes storing confidential, sensitive, financial or other information on a processing computer connected to the computer system or systems of one or more businesses or financial or other institutions by way of a private, non-public network. A first electronic message is sent from a first computer to a central network computer through transmission over the public or quasi-public network. At least a portion of the first electronic message received by the central network computer is stored on data storage or data transfer media. The data storage or data transfer media is then disconnected from the central network computer and connected to the processing computer. The processing computer reads the portion of the first electronic message stored on the data storage or data transfer media, identifies the source of the first electronic message, and accesses stored information concerning the source. Information from the first electronic message, and stored information concerning its source, can then be transmitted over the private, non-public network to the computer system or systems of one or more businesses, financial institutions, or other entities for processing.

Claims

1. A method for enabling an individual, business, or other entity to exchange confidential information or to make purchases or conduct financial or other transactions over a public or quasi-public network while limiting the transmission of confidential, sensitive, financial or other information over the public or quasi-public network and limiting access to such information by unauthorized individuals, the method comprising the steps of:

(i) on a processing computer, storing confidential, sensitive, financial or other information for which restricted access is desired, said confidential, sensitive, financial or other information for which restricted access is desired concerning one or more individuals, businesses or other entities, said processing computer connected to a computer system or systems of one or more businesses, financial institutions or other entities by way of a private, non-public network;

(ii) sending a first electronic message from a first computer or computing means to a central network computer through transmitting said first electronic message over a public or quasi-public network, said first computer or computing means and said central network computer each connected to the public or quasi-public network, said first electronic message including information identifying the individual, business or entity from whom the message originated and including commercial, financial, or other information;

(iii) storing at least a portion of said first electronic message received by said central network computer on data storage or data transfer media connected to said central network computer;

(iv) thereafter, disconnecting said data storage or data transfer media from said central network computer and connecting said data storage or data transfer media to said processing computer;

(v) with said processing computer, reading the portion of said first electronic message stored on said data storage or data transfer media, identifying the individual, business or other entity from whom said first electronic message originated, and accessing said stored confidential, sensitive, financial or other information concerning said individual, business or other entity as stored on said processing computer;

(vi) from said processing computer, transmitting information from said first electronic message, together with the identity of the individual, business or other entity from whom said first electronic message originated and said confidential, sensitive, financial or other information concerning said individual, business or other entity, to the computer system or systems of said one or more businesses, financial institutions, or other entities for processing;

(vii) following processing of said information, said computer system or systems of said one or more businesses, financial institutions, or other entities transmitting a second electronic message to said processing computer acknowledging the receipt and processing of said information, said second electronic message comprising an electronic confirmation message; and

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(viii) storing said second electronic message received by said processing computer on data storage or data transfer media, transporting said data storage or data transfer media from said processing computer to said central network computer, and transmitting said second electronic message from said central network computer over said public or quasi-public network to the computer system or systems of individuals, businesses or other entities with whom the originator of said first electronic message wishes to make purchases or conduct financial or other transactions.

2. The method as claimed in claim 1 wherein said first electronic message transmitted over said public or quasi-public network comprises an electronic purchase order to purchase merchandise or services over said public or quasi-public network, said information transmitted from said processing computer to the computer system of one or more financial institutions including credit card, debit card, account or other information with respect to the individual, business or other entity wishing to purchase merchandise or services over said public or quasi-public network and the monetary value of the desired purchase, said processing of said information by said computer system or systems of one or more businesses or financial institutions including authorizing the use of a credit card, debit card, account or other method of payment of said individual, business or other entity for said purchase, said second electronic message transmitted from the computer system or systems of one or more financial institutions to said processing computer including an authorization code acknowledging payment of said purchase by way of said credit card, debit card, account or other method of payment of said individual, business or other entity.

3. The method as claimed in claim 1 wherein said first electronic message transmitted over said public or quasi-public network comprises a request to transmit or exchange confidential information, said information transmitted from said processing computer to the computer system of the one or more institutions including confidential, sensitive or other information with respect to the individual, business or other entity wishing to exchange information.

4. The method as claimed in claim 1 including the further steps of storing said second electronic message received by said processing computer on data storage or data transfer media connected to said processing computer;

disconnecting said data storage or data transfer media from said processing computer and connecting said data storage or data transfer media to said central network computer; and

, transmitting said electronic confirmation message to said first computer over said public or quasi-public network.

5. The method as claimed in claim 1 wherein said transmission of said second electronic message to said first computer is by e-mail, by file transfer protocol or other communication means.

6. The method as claimed in claim 1 wherein said transmission of said second electronic message to said computer system or systems of individuals, businesses or other entities from whom the originator of said electronic message wishes to make purchases or conduct financial or other transactions is by e-mail, by file transfer protocol or other communication means.

7. The method as claimed in claim 1 wherein said public or quasi-public network is the Internet or an interactive television or cable network.

8. The method as claimed in claim 1 wherein said data storage or data transfer media comprises a computer disc, a compact disc, magnetic tape, zip disk, infra-red data transfer, or a magnetic storage device.

9. The method as claimed in claim 1 including the further steps of:

(i) on said processing computer storing addresses or other information associated with the individuals, businesses or other entities for whom confidential, sensitive, financial or other information has also been stored on said processing computer;

(ii) upon processing computer reading said first electronic message, or a portion thereof, said processing computer thereafter accessing the stored address or other information associated with the individual, business or other entity form whom said first electronic message originated;

(iii) following receipt of said second electronic message by said processing computer storing the address or other information associated with the individual, business or other entity form whom said first electronic message originated on said data storage or data transfer media with said second electronic message such that the transportation of said data storage or data transfer media from said processing computer to said central network computer allows for the transmission of the address or other information associated with said individual, business or other entity over said public or quasi-public network to individuals, businesses or other entities with whom the originator of said first electronic message wishes to exchange information, or make purchases or conduct financial or other transactions.

10. The method as claimed in claim 1 wherein said confidential, sensitive, financial or other information stored on said processing computer includes credit card, debit card, account, banking or other payment information with respect to specific individuals, businesses or other entities wishing to make purchases or to conduct financial or other transactions over said public or quasi-public network.

11. The method as claimed in claim 1 wherein said first electronic message sent from said first computer to said central network computer includes a password specifically associated with a particular individual, business or other entity wishing to transmit or exchange information, or to make a purchase or to conduct financial or other transactions, over said public or quasi-public network.

12. The method as claimed in claim 1 wherein said first electronic message includes one or more security codes associated specifically with confidential information, or with a credit card, debit card, or account of said individual, business or other entity.

13. The method as claimed in claim 1 including the further step of accessing a merchant, institutional or other computer or web server over said public or quasi-public network with said first computer prior to the sending of said first electronic message, said first electronic message thereafter sent from said first computer to said central network computer by means of a network link from said merchant, institutional or other computer or web server to said central network computer.

14. The method as claimed in claim 1 including, upon receiving said first electronic message said central network computer transmitting a confirmation request to the originator of said first electronic message, upon receiving said confirmation request said originator of said first electronic message transmitting a confirmation acknowledgment to said central network computer.

15. The method as claimed in claim 1 wherein the originator of said first electronic message further transmits to said central network computer rating information with respect to the performance of the individuals, businesses or other entities with whom the originator of said first electronic message exchanges information or conducts financial or other transactions over said public or quasi-public network.

16. The method as claimed in claim 15 wherein said rating information is collected and then stored on said central network computer and made available to individuals, businesses or other entities over said public or quasi-public network.