A SYSTEM AND METHOD FOR FACILITATING A FINANCIAL TRANSACTION BETWEEN A PAYER AND A PAYEE

摘要

A system and method for facilitating a financial transaction between a payer and a payee comprising the steps of receiving from the payer an electronic financial instrument encrypted by a first key, re-encrypting the electronic financial instrument so as to allow the re-encrypted electronic financial instrument to be accessible by the payee upon the decryption of the re-encrypted electronic financial instrument by a second key, and re-encrypting the electronic financial instrument so as to allow the re-encrypted electronic financial instrument to be accessible by the payee's financial instruction processing body upon the decryption of the re-encrypted electronic financial instrument by a third key.