VIRTUAL CERTIFIED FINANCIAL INSTRUMENT SYSTEM

摘要

A method of issuing a virtual certified financial instrument involves a server receiving a financial instrument request for a virtual certified financial instrument, generating a payor token and a payee token, generating a reference token from the payor token and the payee token using an algorithm rendering it computationally infeasible for the reference token to be derived from only one of the payor token and the payee token, and uniquely associating the reference token with the virtual certified financial instrument. The server transmits the payor token to a payor device via a first communications channel, transmits the payee token to a payee device via a second distinct communications channel, receives from the payor device or the payee device a financial instrument redemption request that includes a composite token, and redeems the virtual financial instrument in accordance with a confirmation that the composite token matches the reference token.