Device payment interactive authentication method and system thereof

Abstract

The invention discloses a device payment interactive authentication method and a system thereof. The device payment interactive authentication method comprises the following steps: after first transaction information and second transaction information are acquired and analyzed through an authentication device, first encrypted transaction information and a second service private key are outputted to a second device, and second encrypted transaction information and a first service private key are outputted to a first device; the second encrypted transaction information is outputted to the second device through the first device, and the first encrypted transaction information is outputted to the first device through the second device; the first encrypted transaction information is decrypted by utilizing the first service private key through the first device, and the second encrypted transaction information is decrypted by utilizing the second service private key through the second device; when the authentication device determines that the first decrypted transaction information is consistent with the first transaction information, and the second decrypted transaction information is consistent with the second transaction information, the interactive authentication establishment of the first device and the second device is judged; after the interactive authentication of the first device and the second device is established, the first device is assisted to complete a payment operation through a cash flow system.

Description

technical field [0001] The present invention relates to the field of communication technologies, in particular to a method and a system for mutual authentication of device payment. Background technique [0002] With the rapid development of the Internet and the increasing penetration of mobile phones, more and more people use online transactions to make payments. The traditional payment method is through the transaction on the third-party platform. After the buyer purchases the product, it uses the account provided by the third-party platform to pay for the payment. When the third-party platform receives the customer's payment information, it notifies the seller that the payment has been received, and asks the seller. Shipment is made; the buyer notifies the third-party platform after receiving and inspecting the item. The third-party platform pays the seller. The emergence of third-party payment platforms, in theory, completely eliminates fraud in electronic transactions....

AI Technical Summary

Problems solved by technology

However, in this transaction mode, the money needs to reach the third-party platform, and the funds will be stranded in the third-party payment service provider, that is, the so-called fund precipitation occurs.

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