Transactional security over a network

摘要

A system and method facilitating purchase transactions over a computer network, including the purchase of electronically storable items. The embodiments herein encrypt “customer identifier string” in an encryption stream and cause the encryption stream to be transferred from the customer to a merchant in the purchase transaction. A verification entity receives the encryption stream which is sent by the merchant for identity verification and payment authorization. Then, the verification entity verifies the identifiers contained in the encryption stream and transfers an identity verification and payment authorization from the verification entity to the merchant.

主权项

1. A method comprising:
receiving, into a graphic user interface of a computerized device, an entered password from a user; determining, by a processor of said computerized device, whether said entered password is valid; based on said password being valid, reading, by said processor, a hardware identifier from hardware of said computerized device; determining, by said processor, whether said hardware identifier is valid; based on at least one of said password being valid and said hardware identifier being valid, retrieving, by said processor, a user agreement identifier that identifies said user from a storage media of said computerized device; creating, by said processor, an encrypted user code by encrypting said user agreement identifier and said hardware identifier; transmitting, by an input and output device of said computerized device, said encrypted user code to a provider in a transaction request for a transaction authorization decision over a computer network; and receiving, by said user, performance of said transaction request from said provider, based on said transaction authorization decision approving said transaction request.