Common cryptographic key verification in a transaction network

Claim 2

A stored value transaction system comprising: a plurality of value transferring devices including a value distributing device for distributing cash-equivalent value to a user and a value gathering device for gathering cash-equivalent value from a user, each value transferring device including a memory for storing value transfer information corresponding to each value transfer; a collection device for performing a value information transfer transaction with at least one of the value transferring devices, the collection device for periodically receiving at least a portion of an accumulated amount of the stored value transfer information from the memory of at least one of the value transferring devices, the collection device including a memory for storing the received accumulated value transfer information; a network consolidation device for performing a value information transfer transaction with the collection device, the network consolidation device for periodically receiving at least a portion of the stored value transfer information from the memory of the collection device, the consolidation device including a first memory for storing the received value transfer information, a processor for consolidating the received value transfer information into consolidated information, and a second memory for storing the consolidated information; and a network settlement device for performing a value information transfer transaction with the consolidation device, the network settlement device being operatively coupled to the consolidation device for receiving at least a portion of the consolidated information from the second memory of the consolidation device, the network settlement device including a first memory for storing the received consolidated information, a processor for performing settlement according to at least a portion of the received consolidated information to produce settlement information, and a second memory for storing the settlement information; each of the plurality of value transferring devices, the collection device, the consolidation device, and the network settlement device having a respective cryptographic verifier for providing a secure transaction determination during each respective value information transfer transaction, each respective value information transfer transaction occurring between a respective transferor and a respective transferee and being permitted in accordance with a transferor secure transaction determination by the respective transferor and in accordance with a transferee secure transaction determination by the respective transferee; each cryptographic verifier including a plurality of encryption keys, each plurality of encryption keys having at least one common encryption key whereby the transferor secure transaction determination and the transferee secure transaction determination are made in accordance with the common encryption key.

Claim 3

The stored value transaction system of claim 1, wherein said common encryption key is a network authority key.

Claim 4

The stored value transaction system of claim 2, wherein each encryption key includes a public key and a separate private key.

Claim 5

The stored value transaction system of claim 1, wherein each cryptographic verifier includes a cross-verifier for permitting a value information transfer transaction only when both a transferor device and a transferee device perform secure transaction determinations.

Claim 6

The stored value transaction system of claim 1, wherein each cryptographic verifier employs a digital encryption standard.

Claim 7

The stored value transaction system of claim 1, wherein the network settlement device performs settlement in accordance with the common encryption key.

Claim 8

The stored value transaction system of claim 1, further comprising a plurality of said consolidation devices wherein each consolidation device consolidates received value transfer information into consolidated information and includes a transmission pathway for selectively transferring at least a portion of the consolidated information to the network settlement device.

Claim 9

The stored value transaction system of claim 7, wherein at least one of the consolidation devices receives stored value transfer information from at least a portion of the plurality of value transferring devices.

Claim 10

A stored value transaction system comprising: first and second networks, each network comprising: a plurality of value transferring devices including a value distributing device for distributing cash-equivalent value to a user and a value gathering device for gathering cash-equivalent value from a user, each value transferring device including a memory for storing value transfer information corresponding to each value transfer; a collection device for performing a value information transfer transaction with at least one of the value transferring devices, the collection device for periodically receiving at least a portion of an accumulated amount of the stored value transfer information from the memory of at least one of the value transferring devices, the collection device including a memory for storing the received accumulated value transfer information; a network consolidation device for performing a value information transfer transaction with the collection device, the network consolidation device for periodically receiving at least a portion of the stored value transfer information from the memory of the collection device, the consolidation device including a first memory for storing the received value transfer information, a processor for consolidating the received value transfer information into consolidated information, and a second memory for storing the consolidated information; and a network settlement device for performing a value information transfer transaction with the consolidation device, the network settlement device operatively coupled to the consolidation device for receiving at least a portion of the consolidated information from the second memory of the consolidation device, the network settlement device including a first memory for storing the received consolidated information, a processor for performing settlement according to at least a portion of the received consolidated information to produce settlement information, and a second memory for storing the settlement information; each of the plurality of value transferring devices, the collection device, the consolidation device, and the network settlement device having a respective cryptographic verifier for providing a secure transaction determination during each respective value information transfer transaction, each respective value information transfer transaction occurring between a respective transferor and a respective transferee and being permitted in accordance with a transferor secure transaction determination by the respective transferor and in accordance with a transferee secure transaction determination by the respective transferee; each cryptographic verifier including a plurality of encryption keys, each plurality of encryption keys having at least one common encryption key whereby the transferor secure transaction determination and the transferee secure transaction determination are made in accordance with the common encryption key; and an internetwork value information transfer device coupled to the first and second networks for transferring value information between the internetwork value information transfer device and a selected one of the first and second networks.

Claim 11

A stored value transaction system comprising: first and second networks, each network comprising: a plurality of value transferring devices including a value distributing device for distributing cash-equivalent value to a user and a value gathering device for gathering cash-equivalent value from a user, each value transferring device including a memory for storing value transfer information corresponding to each value transfer; a collection device for performing a value information transfer transaction with at least one of the value transferring devices, the collection device for periodically receiving at least a portion of an accumulated amount of the stored value transfer information from the memory of at least one of the value transferring devices, the collection device including a memory for storing the received accumulated value transfer information; a network consolidation device for performing a value information transfer transaction with the collection device, the network consolidation device for periodically receiving at least a portion of the stored value transfer information from the memory of the collection device, the consolidation device including a first memory for storing the received value transfer information, a processor for consolidating the received value transfer information into consolidated information, and a second memory for storing the consolidated information; and a network settlement device for performing a value information transfer transaction with the consolidation device, the network settlement device operatively coupled to the consolidation device for receiving at least a portion of the consolidated information from the second memory of the consolidation device, the network settlement device including a first memory for storing the received consolidated information, a processor for performing settlement according to at least a portion of the received consolidated information to produce settlement information, and a second memory for storing the settlement information; each of the plurality of value transferring devices, the collection device, the consolidation device, and the network settlement device having a respective cryptographic verifier for providing a secure transaction determination during each respective value information transfer transaction, each respective value information transfer transaction occurring between a respective transferor and a respective transferee and being permitted in accordance with a transferor secure transaction determination by the respective transferor and in accordance with a transferee secure transaction determination by the respective transferee; each cryptographic verifier including a plurality of encryption keys, each plurality of encryption keys having at least one common encryption key whereby the transferor secure transaction determination and the transferee secure transaction determination are made in accordance with the common encryption key; and an internetwork value information transfer device coupled to the first and second networks for transferring value information between the internetwork value information transfer device and a selected one of the first and second networks.

Claim 12

The stored value transaction system of claim 9, wherein the internetwork value information transfer device has a cryptographic verifier for providing an independent secure transaction determination and permitting a transfer of value information in accordance with the independent secure transaction determination.

Claim 13

The stored value transaction system of claim 10, wherein the cryptographic verifier comprises a cross-verifier for permitting the transfer of value information only when both the internetwork transfer device and the selected one of the first and second networks perform an independent secure transaction determination.

Claim 14

The stored value transaction system of claim 9, wherein the network settlement device of the first network applies at least a portion of the received consolidated information to the internetwork value transfer device.

Claim 15

The stored value transaction system of claim 12, wherein the internetwork value information transfer device applies at least a portion of the received consolidated information from the network settlement device of the first network to the network settlement device of the second network, the network settlement device of the second network performing further consolidation thereupon to apply a further consolidated portion of value information to the internetwork value information transfer device.

Claim 16

The stored value transaction system of claim 1, wherein the value transferring device comprises a point-of-sale terminal.

Claim 17

The stored value transaction system of claim 1, wherein the value transferring device comprises an automatic teller machine.

Claim 18

The stored value transaction system of claim 1, wherein the value transferring device comprises a vending machine.

Claim 19

The stored value transaction system of claim 1, wherein an encryption key is transmitted between the transferor and the transferee.