WO2001046922A3 - Method and apparatus for securely conducting financial transactions over an insecure network - Google Patents

Method and apparatus for securely conducting financial transactions over an insecure network Download PDF

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Publication number
WO2001046922A3
WO2001046922A3 PCT/US2000/034133 US0034133W WO0146922A3 WO 2001046922 A3 WO2001046922 A3 WO 2001046922A3 US 0034133 W US0034133 W US 0034133W WO 0146922 A3 WO0146922 A3 WO 0146922A3
Authority
WO
WIPO (PCT)
Prior art keywords
financial transactions
automatic teller
authenticate
authentication
networks
Prior art date
Application number
PCT/US2000/034133
Other languages
French (fr)
Other versions
WO2001046922A2 (en
Inventor
Allen J Seltzer
Original Assignee
Online Resources Corp
Priority date (The priority date is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the date listed.)
Filing date
Publication date
Application filed by Online Resources Corp filed Critical Online Resources Corp
Priority to AU29081/01A priority Critical patent/AU2908101A/en
Publication of WO2001046922A2 publication Critical patent/WO2001046922A2/en
Publication of WO2001046922A3 publication Critical patent/WO2001046922A3/en

Links

Classifications

    • G—PHYSICS
    • G07—CHECKING-DEVICES
    • G07F—COIN-FREED OR LIKE APPARATUS
    • G07F17/00—Coin-freed apparatus for hiring articles; Coin-freed facilities or services
    • G07F17/0014—Coin-freed apparatus for hiring articles; Coin-freed facilities or services for vending, access and use of specific services not covered anywhere else in G07F17/00
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/30—Payment architectures, schemes or protocols characterised by the use of specific devices or networks
    • G06Q20/34—Payment architectures, schemes or protocols characterised by the use of specific devices or networks using cards, e.g. integrated circuit [IC] cards or magnetic cards
    • G06Q20/342—Cards defining paid or billed services or quantities
    • G—PHYSICS
    • G07—CHECKING-DEVICES
    • G07F—COIN-FREED OR LIKE APPARATUS
    • G07F19/00—Complete banking systems; Coded card-freed arrangements adapted for dispensing or receiving monies or the like and posting such transactions to existing accounts, e.g. automatic teller machines
    • G07F19/20—Automatic teller machines [ATMs]
    • G—PHYSICS
    • G07—CHECKING-DEVICES
    • G07F—COIN-FREED OR LIKE APPARATUS
    • G07F19/00—Complete banking systems; Coded card-freed arrangements adapted for dispensing or receiving monies or the like and posting such transactions to existing accounts, e.g. automatic teller machines
    • G07F19/20—Automatic teller machines [ATMs]
    • G07F19/202—Depositing operations within ATMs
    • G—PHYSICS
    • G07—CHECKING-DEVICES
    • G07F—COIN-FREED OR LIKE APPARATUS
    • G07F7/00—Mechanisms actuated by objects other than coins to free or to actuate vending, hiring, coin or paper currency dispensing or refunding apparatus
    • G07F7/02—Mechanisms actuated by objects other than coins to free or to actuate vending, hiring, coin or paper currency dispensing or refunding apparatus by keys or other credit registering devices
    • G07F7/025—Mechanisms actuated by objects other than coins to free or to actuate vending, hiring, coin or paper currency dispensing or refunding apparatus by keys or other credit registering devices by means, e.g. cards, providing billing information at the time of purchase, e.g. identification of seller or purchaser, quantity of goods delivered or to be delivered

Abstract

The existing infrastructure of automatic teller machines and associated secure networks is used to securely authenticate people for financial transactions conducted at least in part via insecure networks such the as Internet. A person who wishes to transact on the web visits his or her local automatic teller machine and is authenticated based on credentials (e.g., possession of an ATM card and knowledge of a secret personal identification number) commonly used to authenticate certain financial transactions such as funds withdrawal. Based on this authentication, a digital certificate or other credential is issued that can subsequently be used to authenticate other transactions such as for example account debit requests the same person originates via different appliances and/or channels (e.g., over the Internet via conventional web access appliances). The method provides a high degree of security and authentication without requiring substantial changes to existing infrastructure and making use of a large number of already-installed automatic teller machines and associated secure networks.
PCT/US2000/034133 1999-12-20 2000-12-18 Method and apparatus for securely conducting financial transactions over an insecure network WO2001046922A2 (en)

Priority Applications (1)

Application Number Priority Date Filing Date Title
AU29081/01A AU2908101A (en) 1999-12-20 2000-12-18 Method and apparatus for securely conducting financial transactions over an insecure network

Applications Claiming Priority (4)

Application Number Priority Date Filing Date Title
US17258299P 1999-12-20 1999-12-20
US60/172,582 1999-12-20
US61099900A 2000-07-06 2000-07-06
US09/610,999 2000-07-06

Publications (2)

Publication Number Publication Date
WO2001046922A2 WO2001046922A2 (en) 2001-06-28
WO2001046922A3 true WO2001046922A3 (en) 2002-01-10

Family

ID=26868247

Family Applications (1)

Application Number Title Priority Date Filing Date
PCT/US2000/034133 WO2001046922A2 (en) 1999-12-20 2000-12-18 Method and apparatus for securely conducting financial transactions over an insecure network

Country Status (2)

Country Link
AU (1) AU2908101A (en)
WO (1) WO2001046922A2 (en)

Families Citing this family (3)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
DK1476980T3 (en) 2002-02-22 2017-11-13 Nokia Technologies Oy DIGITAL CERTIFICATE REQUEST
GB201212878D0 (en) 2012-07-20 2012-09-05 Pike Justin Authentication method and system
GB201520741D0 (en) 2015-05-27 2016-01-06 Mypinpad Ltd And Licentia Group Ltd Authentication methods and systems

Citations (8)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
WO1995034161A1 (en) * 1994-06-06 1995-12-14 Call Processing, Inc. Pre-paid card system and method
WO1996041462A1 (en) * 1995-06-07 1996-12-19 Electronic Data Systems Corporation System and method for dispensing of a receipt reflecting prepaid phone services
WO1997014118A2 (en) * 1995-10-10 1997-04-17 Suntek Software Corporation Computer network for allowing individual users to access the internet
US5822737A (en) * 1996-02-05 1998-10-13 Ogram; Mark E. Financial transaction system
WO1998047112A1 (en) * 1997-04-15 1998-10-22 Stratex/Paradigm (Uk) Limited Method for electronically vending, distributing, and recharging of pre-paid value, a vending machine and an electronic system for use therein
WO1999023622A1 (en) * 1997-11-04 1999-05-14 Ever Prospect International Limited Circulation management system
US5930777A (en) * 1997-04-15 1999-07-27 Barber; Timothy P. Method of charging for pay-per-access information over a network
WO1999056254A1 (en) * 1998-04-24 1999-11-04 Claridge Trading One (Proprietary) Limited Prepaid access for information network

Family Cites Families (1)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US5220501A (en) 1989-12-08 1993-06-15 Online Resources, Ltd. Method and system for remote delivery of retail banking services

Patent Citations (9)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
WO1995034161A1 (en) * 1994-06-06 1995-12-14 Call Processing, Inc. Pre-paid card system and method
WO1996041462A1 (en) * 1995-06-07 1996-12-19 Electronic Data Systems Corporation System and method for dispensing of a receipt reflecting prepaid phone services
WO1997014118A2 (en) * 1995-10-10 1997-04-17 Suntek Software Corporation Computer network for allowing individual users to access the internet
US5822737A (en) * 1996-02-05 1998-10-13 Ogram; Mark E. Financial transaction system
WO1998047112A1 (en) * 1997-04-15 1998-10-22 Stratex/Paradigm (Uk) Limited Method for electronically vending, distributing, and recharging of pre-paid value, a vending machine and an electronic system for use therein
US5930777A (en) * 1997-04-15 1999-07-27 Barber; Timothy P. Method of charging for pay-per-access information over a network
WO1999023622A1 (en) * 1997-11-04 1999-05-14 Ever Prospect International Limited Circulation management system
EP1030274A1 (en) * 1997-11-04 2000-08-23 Mitsuo Chihara Circulation management system
WO1999056254A1 (en) * 1998-04-24 1999-11-04 Claridge Trading One (Proprietary) Limited Prepaid access for information network

Also Published As

Publication number Publication date
AU2908101A (en) 2001-07-03
WO2001046922A2 (en) 2001-06-28

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