System and method for providing fault tolerant transcriptions over an unsecured communication channel

摘要

A system and method for conducting secure fault tolerant transactions, such as financial transaction, remotely is disclosed. The transactions are conducted utilizing a portable processor device which is initialized and authorized according to the present invention. Thereafter, the portable processor operates to conduct transactions involving information exchange through unsecured communication paths according to a predetermined protocol. The protocol includes the use of atomic transactions within the portable processor device.