Electronic token based transaction method and system

摘要

Two individuals (10,11) performing a transaction each have a token module (102,112) and a network receiver and transmitter (101,111). The first individual sends an electronic token (1) via a network (12) to a central station at the bank (16). The token stipulates the recipient and the sum of money to be transferred. The central station includes a data bank (152) and a data store (151) in a token identification module (15). Signals (3,8) are sent to the second individual. Return signals (4,5) are sent to the first individual.