EP1125181A4 - Gerät für und verfahren zur elektronischen währungsgenerierung, transfer und tilgung - Google Patents
Gerät für und verfahren zur elektronischen währungsgenerierung, transfer und tilgungInfo
- Publication number
- EP1125181A4 EP1125181A4 EP99942146A EP99942146A EP1125181A4 EP 1125181 A4 EP1125181 A4 EP 1125181A4 EP 99942146 A EP99942146 A EP 99942146A EP 99942146 A EP99942146 A EP 99942146A EP 1125181 A4 EP1125181 A4 EP 1125181A4
- Authority
- EP
- European Patent Office
- Prior art keywords
- ecu
- electronic currency
- encryption
- denomination
- currency
- Prior art date
- Legal status (The legal status 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 status listed.)
- Withdrawn
Links
Classifications
-
- 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
- G06Q20/22—Payment schemes or models
- G06Q20/29—Payment schemes or models characterised by micropayments
-
- 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
- G06Q20/04—Payment circuits
- G06Q20/06—Private payment circuits, e.g. involving electronic currency used among participants of a common payment scheme
-
- 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
- G06Q20/38—Payment protocols; Details thereof
- G06Q20/381—Currency conversion
-
- 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
- G06Q20/38—Payment protocols; Details thereof
- G06Q20/40—Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
- G06Q20/403—Solvency checks
Definitions
- the present invention is directed to an apparatus for, and a method of, digitally
- substitutes include credit cards, debit cards, checks and traveler's checks.
- the system thus knows that user 1 purchased a loaf of
- the merchant decrypts the information.
- the merchant then encrypts and sends data to the credit card
- the credit card company opens the data and charges the user's account.
- the digital wallet contains all of the user's credit card numbers
- the encrypted credit card is sent to the merchant.
- the information is forwarded to the credit card company who decrypts
- the present invention is designed to be
- the present invention solves these and other problems.
- the present invention permits
- a simple storage device is
- the present invention is designed to overcome these problems and provide an electronic
- present invention comprises a new form of electronic money, new forms of electronic
- counterfeit protection a new storage device that may, but which does not have to be, used with this new form of electronic currency, an electronic currency generator and an
- FIG 1 is a schematic diagram of an Electronic Currency Unit (ECU);
- ECU Electronic Currency Unit
- Figure 2 is a flow chart for issuing ECU
- Figure 3 is a schematic diagram of ECU structure
- Figure 4 is a flow chart of ECU generation
- Figure 5 is a flow chart of ECU generation
- Figure 6 is a flow chart of ECU generation
- Figure 7 is a schematic diagram of ECU structure
- Figure 8 is a schematic diagram of ECU structure
- FIG. 9 is a schematic diagram of an ECU storage device
- Figure 10 is a logic chart for ECU transactions
- FIG. 11 is a schematic of an ECU issuing device.
- Figure 12 is a schematic diagram of an ECU network. ITL DETAILED DESCRIPTION OF THE DRAWINGS AND OF THE
- the present invention comprises several different products and methods that are
- Redemption module and Network maintenance module.
- the electronic currency unit (ECU) is the basic building block upon which other
- the present invention solves this problem by using multiple identifiers and
- ECU 1 at its most basic level may consist of a unique algorithm stored on a tangible
- An ECU can be issued for anything of value, including but not limited to U.S. currency, stock, bonds, or tangible
- a denomination identifier 3 is combined with a serial number identifier 4 .
- Denomination identifiers may vary by issuing institution as well as by time. For
- the denomination identifier may comprise an algorithm, the length
- denomination identification as a function of serial number and/or time increases
- identifier corresponds to may be made publicly available. Fig. 4.
- an encryption algorithm may be applied to one or
- a duel identifier may be used for the denomination, serial number or
- the safety of the electronic currency may be increased even further.
- Fig. 12 shows a public
- a re-encryption key may also be provided. If a re-encryption key is not
- a two-key encryption scheme also assists in preventing tampering by requiring re-
- the re-encryption keys are also publicly available and may
- Constantly changing re-encryption and decryption keys will further limit the time period during which a counterfeiter will be able to undermine
- Two level duel key encryption permits the lowest level of security to be
- the second level is a secure level that is only to be accessed by the issuing and
- a third level can also be provided. Issuing institutions may
- encryption form may be provided to the merchants daily, weekly or for each purchase
- the ECU system either has to be of a uniform structure or provision for
- non-uniform structures must be made.
- a preferred option in the ECU is the ability for different institutions to have different
- the ECU is provided with a header 5, a table of
- a standardized header identifies, issuing institution type, the
- Additional information can also be provided.
- ECU may vary from issuing institution to issuing institution so long as certain standards
- All ECU must have a value identifier and a denomination, which may
- the identification header tells the transfer
- the header may then identify if any program information, such as
- serial identifier or denomination identifiers may contain information about that level
- the second level header may contain selected
- verification methods such as the location and value of a string on data in the first level of data. If the data in the second header does not match that present in the first data,
- tampering may be present.
- Re-organizing ECU structure may be used as yet another basic verification tool or
- organization of a given ECU may contain information as to the currency's authenticity.
- a known merchant may interleave denomination and serial number
- identifiers using a predetermined pattern may change over time.
- the security protection for a twenty-five cent denomination may be
- the size may still prohibit a portable holding device from carrying one
- ECU size is more of an issue when change needs to be made or transmitted.
- the transaction module will in effect devalue the
- a hundred dollar denomination may de devalued through the creation of one hundred identical denominations each
- ECUs do not have to be devalued uniformly, non-uniform devaluation is contemplated.
- ECU may also be purposefully introduced to encourage timely redemption or exchange
- denomination algorithm might also include an
- ECU may be time dependent, such that it has a life span. In its most crude form, the
- encryption keys may be phased out rendering ECU useless.
- ECU may have a life of one month. If ECU is not decrypted and re-encrypted each
- Time dependent ECU may have a short life span of a long life span. ECU may also be
- This feature provides for interest or other increases in an assets
- changes in value may involve an increase in the denomination amount.
- ECU may also be embedded in, or contain embedded, programs that are self-executing,
- a time sensitive program can be attached to
- embedded self-executing program may activate after one month has expired in
- Time sensitive currency may be used to force ECU back through the issuing network to
- the encryption of a self-destruct program or virus may also be used by issuing institutions to guard against counterfeiters.
- protection may be obtained by interleaving the two identifiers based on yet another
- a second denomination and serial number packet is made and
- the header contains a small data string and its location
- a third denomination and serial number packet is made and attached to
- the second encryption packet together with a header that identifies the second packet
- This third packet is then encrypted using a single key
- a header identifies the issuing institution and denomination information.
- the second encryption packet may be accessed.
- the level of encryption may be varied depending on memorv
- ECU is stored on any form of generally available storage medium, including but not
- Optical storage is not limited to ROM, RAM, DRAM, SRAM, floppy disc or hard drive.
- Optical storage is not limited to ROM, RAM, DRAM, SRAM, floppy disc or hard drive.
- any electronic or optical storage medium may be used. If the
- ECU is not on a storage medium it is in a transfer stage between two storage medium.
- Storage medium may come in a variety of forms from ECU on a floppy disc, that is
- Network storage in accounts or depositories is perhaps the safest form of ECU storage.
- Network storage may comprise, at its most a basic, a form of electronic safe deposit
- Network storage can be implemented on a user anonymous basis. Users are allocated
- time-dependent ECU can be built in. It is contemplated that the storage networks may be established to operate automatically, deducting the cost of storage direcdy from the
- ECU monitoring can be tied in with the network storage such that the
- Fig. 9 shows a typical storage device.
- the device 8 has an input port 9 that may
- bus is preferable provided that has both male 10 and female bus 11. This permits any combination
- processor 12 is connected to the BUS 9 that is in turn connected to a memory device
- Multiple memory devices 13a & 13b may be provided all, or
- memory 15 which may be connected to an input device, such as a modem or network,
- a transaction log memory may be also provided in memory 13 or as a separate memory.
- a transaction log memory may be also provided in memory 13 or as a separate memory.
- a processor 16 is also provided and is connected to a digital signal
- the device may be designed to be handheld
- ECU cash registers and electronic currency ATM machines likewise contain similar
- the storage medium is thus tied into a processor, which may likewise be tied into a network through a modem etc.
- the network connection may be periodic or
- Transactions can be carried out in a number of different ways.
- the transferring machine designates the ECU to transfer though an input device. Fig.
- a touch pad or similar input device maybe used. An execution key is then pressed.
- the receiving device may be placed in the reception mode or the exact amount of ECU
- the transferring device first sets
- the transferring unit searches its memory and locates the ECU to be
- This information is transmitted to the receiving device.
- the receiving device will transfer the ECU into an authentication memory.
- receiving device will perform an initial analysis of the currency header to determine the
- a search is then initiated of the receiving device's authentication memory
- authenticity of the ECU can be determined. If the authenticity does not meet a user
- the ECU is rejected.
- a rejection code is also stored in the receiving device.
- the rejection codes are
- the receiving device transmits an erase command to the
- the receiving unit informs the receiving device of the need for change or devaluation.
- the units proceed in the normal manner. After, receipt and acceptance of the
- receiving unit transmits the change. A similar verification process is performed. If both
- the transmitting machine erases the original currency'.
- a copy of the ECU for non-transactional purposes may also be stored and transmitted to the user network.
- the user network will be described in detail below.
- ECU storage devices may also be provided with storage device identifier.
- device identifiers may be fixed or may be changed each time authentication information
- This identifier may be stored in the transaction log.
- key network may download transaction log information and process it for fraudulent
- the ECU storage device information can be transmitted to all of the ECU storage device information
- the transaction program may also be built into an interactive TV. Alternately, an
- interactive or home shopping TV program may be use din conjunction with an internet
- connection or traditional telephone system to provide for ECU transactions.
- the issuing device in its most basic form may comprise a computer 17 and a storage
- Additional modules may include multiple
- currency re-generation modules tracking module; multi-level authorization module;
- the issuing institution must also be able to redeem the ECU and in that regard
- the asset may be invested in a varietv of
- a supplemental assets management module may be operationally
- Issuing institutions may use different currency generation programs so long as its ECU
- the level of encryption may vary from institution to
- an institution may chose to use one or multiple algorithms
- An issuing institution may chose to attach time sensitive
- the network 19 is used to provide the public with access 23 to currency information
- the network is also used to collect log information.
- a network monitoring module 21 can be provided that tracks currency usage, including
- Rejected transactions can also be tracked based on
- the issuing institutions 22 may be directed to issue multiple lower denomination
- Redemption of ECU involves presenting a ECU to a receiving device that
- the redemption devices is connected to the asset allocation module, either through as
- ECU that has been redeemed may be re-used, including partial or full re-encrypted.
Landscapes
- Business, Economics & Management (AREA)
- Accounting & Taxation (AREA)
- Engineering & Computer Science (AREA)
- Strategic Management (AREA)
- Physics & Mathematics (AREA)
- General Business, Economics & Management (AREA)
- General Physics & Mathematics (AREA)
- Theoretical Computer Science (AREA)
- Finance (AREA)
- Computer Security & Cryptography (AREA)
- Development Economics (AREA)
- Economics (AREA)
- Storage Device Security (AREA)
- Financial Or Insurance-Related Operations Such As Payment And Settlement (AREA)
- Cash Registers Or Receiving Machines (AREA)
- Control Of Vending Devices And Auxiliary Devices For Vending Devices (AREA)
Applications Claiming Priority (3)
Application Number | Priority Date | Filing Date | Title |
---|---|---|---|
US133824 | 1987-12-16 | ||
US13382498A | 1998-08-13 | 1998-08-13 | |
PCT/US1999/018356 WO2000010068A2 (en) | 1998-08-13 | 1999-08-12 | Apparatus for and method of electronic currency generation, transfer and redemption |
Publications (2)
Publication Number | Publication Date |
---|---|
EP1125181A2 EP1125181A2 (de) | 2001-08-22 |
EP1125181A4 true EP1125181A4 (de) | 2001-10-17 |
Family
ID=22460451
Family Applications (1)
Application Number | Title | Priority Date | Filing Date |
---|---|---|---|
EP99942146A Withdrawn EP1125181A4 (de) | 1998-08-13 | 1999-08-12 | Gerät für und verfahren zur elektronischen währungsgenerierung, transfer und tilgung |
Country Status (5)
Country | Link |
---|---|
EP (1) | EP1125181A4 (de) |
JP (1) | JP2002522840A (de) |
AU (1) | AU5558999A (de) |
CA (1) | CA2340055A1 (de) |
WO (1) | WO2000010068A2 (de) |
Families Citing this family (5)
Publication number | Priority date | Publication date | Assignee | Title |
---|---|---|---|---|
AU2003268739A1 (en) * | 2002-10-18 | 2004-05-04 | Matsushita Electric Industrial Co., Ltd. | Electronic money processing device |
JP2006187344A (ja) * | 2004-12-28 | 2006-07-20 | Sankyo Kk | 遊技用システム |
EP2823446A1 (de) * | 2012-03-06 | 2015-01-14 | Giori, Roberto | Verfahren zur erzeugung einer elektronischen/digitalen banknote und maschine zur durchführung des verfahrens |
GB2539430A (en) * | 2015-06-16 | 2016-12-21 | The Provost Fellows Found Scholars & The Other Members Of Board Of The College Of The Holy & Unidv T | Digital token exchange system |
CN106845950A (zh) * | 2017-02-06 | 2017-06-13 | 吕文华 | 一种符合二元体系的数字币 |
Family Cites Families (5)
Publication number | Priority date | Publication date | Assignee | Title |
---|---|---|---|---|
US5644727A (en) * | 1987-04-15 | 1997-07-01 | Proprietary Financial Products, Inc. | System for the operation and management of one or more financial accounts through the use of a digital communication and computation system for exchange, investment and borrowing |
US5453601A (en) * | 1991-11-15 | 1995-09-26 | Citibank, N.A. | Electronic-monetary system |
US5557518A (en) * | 1994-04-28 | 1996-09-17 | Citibank, N.A. | Trusted agents for open electronic commerce |
US5590038A (en) * | 1994-06-20 | 1996-12-31 | Pitroda; Satyan G. | Universal electronic transaction card including receipt storage and system and methods of conducting electronic transactions |
JP3614480B2 (ja) * | 1994-11-18 | 2005-01-26 | 株式会社日立製作所 | 電子チケット販売・払戻システム及びその販売・払戻方法 |
-
1999
- 1999-08-12 CA CA002340055A patent/CA2340055A1/en not_active Abandoned
- 1999-08-12 EP EP99942146A patent/EP1125181A4/de not_active Withdrawn
- 1999-08-12 WO PCT/US1999/018356 patent/WO2000010068A2/en not_active Application Discontinuation
- 1999-08-12 JP JP2000565449A patent/JP2002522840A/ja active Pending
- 1999-08-12 AU AU55589/99A patent/AU5558999A/en not_active Abandoned
Non-Patent Citations (1)
Title |
---|
No Search * |
Also Published As
Publication number | Publication date |
---|---|
CA2340055A1 (en) | 2000-02-24 |
JP2002522840A (ja) | 2002-07-23 |
EP1125181A2 (de) | 2001-08-22 |
WO2000010068B1 (en) | 2000-06-22 |
WO2000010068A3 (en) | 2000-05-18 |
AU5558999A (en) | 2000-03-06 |
WO2000010068A2 (en) | 2000-02-24 |
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Legal Events
Date | Code | Title | Description |
---|---|---|---|
PUAI | Public reference made under article 153(3) epc to a published international application that has entered the european phase |
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17P | Request for examination filed |
Effective date: 20010202 |
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AK | Designated contracting states |
Kind code of ref document: A2 Designated state(s): AT BE CH CY DE DK ES FI FR GB GR IE IT LI LU MC NL PT SE |
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A4 | Supplementary search report drawn up and despatched |
Effective date: 20010830 |
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Kind code of ref document: A4 Designated state(s): AT BE CH CY DE DK ES FI FR GB GR IE IT LI LU MC NL PT SE |
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RIC1 | Information provided on ipc code assigned before grant |
Free format text: 7G 06F 1/00 A, 7G 06F 17/60 B |
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17Q | First examination report despatched |
Effective date: 20010122 |
|
STAA | Information on the status of an ep patent application or granted ep patent |
Free format text: STATUS: THE APPLICATION IS DEEMED TO BE WITHDRAWN |
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18D | Application deemed to be withdrawn |
Effective date: 20030301 |