APPARATUS FOR AND METHOD OF SECURE ATM DEBIT CARD AND CREDIT CARD PAYMENT TRANSACTIONS VIA THE INTERNET

摘要

The present invention is directed to a combination software and/or hardware system that provides consumers with a secure method for making and accepting credit card and ATM card payments over the Internet. A Data Encryption Standard (DES) encrypted Personal Identification Number (PIN) Block is created at the consumer's Internet access device meeting of American National Standards Institute (ANSI) X9.8 and Automatic Teller Machine (ATM) network requirements. The PIN block and card information are in a public key/private key encrypted financial payment transaction data block using additional layer(s) of encryption also performed at the consumer's Internet access device. The FP block is transmitted to an STMS for the generation of a financial transaction request that is sent to the payment processor according to the implementation method chosen by the system software at the payment processor. The FP block is decrypted at the STMS using a decryption algorithm matching that used by the software at the consumer's Internet access device. The encrypted PIN block within this data will be translated by the HSM dependent upon the processor that the transaction is to be routed to. The data is then re-formatted for transmission to the appropriate transaction processing network, and subsequently forwarded to the appropriate payment service processor accordingly. The present invention is independent of the encryption algorithm(s) used, and may be implemented with any number of encryption algorithms.