Method and system for secured transactions

a technology of secured applied in the field of secure transactions and access authorization, can solve the problems of limited ability of trains to follow one another along a given section, opportunity to defraud the system, and often used stolen or counterfeited tokens to gain unauthorized access
US20070276765A1Inactive Publication Date: 2007-11-29SEMTEK INNOVATIVE SOLUTIONS
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Patent Information

Authority / Receiving Office
US · United States
Patent Type
Applications(United States)
Current Assignee / Owner
SEMTEK INNOVATIVE SOLUTIONS
Publication Date
2007-11-29
Estimated Expiration
Not applicable · inactive patent

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Abstract

Systems and methods for performing settlement of token access transactions are provided. In one embodiment, the invention provides for batch processing bank card transactions, including receiving transaction records for a plurality of bank card transactions, wherein at least some of the transaction records include encrypted token information; determining whether the transaction records contain encrypted token information; decrypting the encrypted token information for a transaction record that is determined to have encrypted token information; and providing clear text token information obtained by decrypting the encrypted token information for a transaction record for transaction settlement.
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Description

CROSS-REFERENCE TO RELATED APPLICATIONS

[0001] This application is a continuation of U.S. patent application Ser. No. 11 / 127,862 filed May 12, 2005, which is a continuation-in-part of U.S. patent application Ser. No. 10 / 936,359 filed Sep. 7, 2004. This application also claims the benefit of U.S. Provisional Application No. 60 / 809,546 filed May 30, 2006.TECHNICAL FIELD

[0002] Some embodiments of the present invention relate to secure transactions and access authorization. DESCRIPTION OF THE RELATED ART

[0003] Token systems have been in use in modern civilization in various implementations to provide and control many forms of access. Access that can be and often times is controlled by tokens can include physical access to rooms, buildings, areas and so on; electronic access to servers and datafiles; electronic account access; and so on. Another form of access controlled by tokens is the ability to conduct transactions such as, for example, credit, debit and other financial transaction...

Claims

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