METHOD FOR COMMUNICATING AND CONTROLLING TRANSACTIONS BETWEEN UNSECURED PARTIES

摘要

A method for communicating transactions on a network of unsecured parties includes a first party generating a request to a second party on a network to initiate a transaction. The second party maintains a data base containing a plurality of separate transactions. The second party in response to the request, generates and communicates to the first party a unique transaction identifier. The first party tracks the processing of the transaction in the second party's data base using the transaction identifier to gain access to the second party's data base.