Computer-based method and system for aiding transactions
US6353812B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | Feb 19, 1998 |
| Grant date | Mar 5, 2002 |
| Priority date | — |
| Expiry date | Sep 29, 2018 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG07F7/08
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A method for aiding transactions by providing warranties against various aspects of a transaction which may be hard to assure ahead of time or when high risk is involved in relying on them. The method employs an infrastructure of a computer and communication systems communication with various distributed organizations working together and providing warranties. Different parties may trust different organizations and user representatives of the infrastructure. A party in a transaction may ask for a warranty against another party. As a response, the infrastructure, through its organizations, calculates and provides a decision regarding the request. Relying on the warranty, the risk involved in conducting the electronic transaction is reduced. In the case where the transaction does not reach sound completion, the warranty can be claimed. The method also involves managing and administering the infrastructure, the entities in the transaction system and their outstanding warranties. Cryptographic sub-systems within the infrastructure components and the entities they serve are used to assure party/organization authentication and the validity of electronically signed messages within the tra…
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.