METHOD AND APPARATUS FOR PROCESSING ONE OR MORE VALUE BEARING INSTRUMENTS

WIPO Patent Application WO2001073709

A3

A computer-implemented system provides secure distribution of value-bearing instruments, such as coupons, tickets, gift certificates, money orders and traveler's checks. The distribution system involves three parties which are the consumer of the instrument, the supplier of the instrument and a security party which is referred to as a secure transaction service. The consumer registers with the secure transaction service for identity verification either before or after a transaction is initiated with the supplier of products or services. Verification of the consumer's identity can be established at any required level. In one aspect of the system, the supplier provides the consumer with a confirmation token which the consumer must then provide to the secure transaction service together with identification information of the consumer, so that only the valid consumer can complete the transaction. By use of the confirmation token, the secure transaction service can obtain information, through either data pulling or pushing, from the product or service supplier. In certain cases, the secure transaction service generates the required product in an electronic form and securely transmits it to the validated consumer. Digital signatures can be used throughout the process to assure the integrity of the data and the identity of the sender. Other aspects of the system include the maintenance of funds for payment, multiple methods for verification of products which are issued and then validated at a verification site, as well as methods for reissuing, exchanging and forwarding value bearing instruments for original and third party users.

JP2000298755	CREDIT CARD CERTIFYING SYSTEM AND PORTABLE CREDIT CARD CERTIFICATION TERMINAL
JPH11296602	IC CARD STORING UNIT FOR STORAGE OF ELECTRONIC MONEY AND MANAGEMENT METHOD FOR THE UNIT
WO/2001/086539	ELECTRONIC TRANSACTION SYSTEM AND METHODS THEREOF

OKAMOTO STEVE ATSUSHI (US)
SCHATTMAIER STEVEN MILLER (US)
VON KAENEL TIM (US)
ZEILE MIKE TODD (US)
ST AMOUR FREDERICK C (US)

PCT/US2001/010648

August 28, 2003

March 28, 2001

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CMA BUSINESS CREDIT SERVICES (US)
OKAMOTO STEVE ATSUSHI (US)
SCHATTMAIER STEVEN MILLER (US)
VON KAENEL TIM (US)
ZEILE MIKE TODD (US)
ST AMOUR FREDERICK C (US)

G06Q20/00; G06Q30/00; G07F17/42; (IPC1-7): G07F19/00; G06F17/60; G07F17/42

WO1998040809A2	1998-09-17
WO1999023617A2	1999-05-14
WO1996000485A2	1996-01-04

EP0813325A2	1997-12-17
US6026166A	2000-02-15
US5757917A	1998-05-26

PAYS P ET AL: "An intermediation and payment system technology", COMPUTER NETWORKS AND ISDN SYSTEMS, NORTH HOLLAND PUBLISHING. AMSTERDAM, NL, vol. 28, no. 11, 1 May 1996 (1996-05-01), pages 1197 - 1206, XP004018220, ISSN: 0169-7552

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