Patent ID: 9608826
Date: 2017-03-28
CPC Classifications: G06Q,H04L

Claim:
1. A method comprising: storing, by an institution computer of a first institution, a file comprising a stored policy statement mutually agreed upon by the first institution and a user, wherein the stored policy statement comprises security procedures governing transactions between the first institution and the user; generating a credential to execute a plurality of online transactions with the first institution and a second institution; generating a digital signature with the credential using Portable Security Transaction Protocol; receiving, by the institution computer, a request from the user for registration of the credential; examining, by the institution computer, the request for registration of the credential; determining whether the request for registration of the credential complies with registration requirements established by the first institution; in response to determining that the request for registration of the credential complies with the registration requirements established by the first institution, registering, by the institution computer, the credential to represent the user with regard to a plurality of online transactions with the first institution; receiving, from the user, a request for an online transaction comprising a received policy statement and the digital signature, wherein the received policy statement comprises security procedures governing transactions between the first institution and the user; verifying the identity of the user by examining the digital signature; determining whether the received policy statement complies with the stored policy statement; and in response to verifying the identity of the user and determining that the received policy statement complies with the stored policy statement, authorizing, by the institution computer, the requested online transaction; and executing the requested online transaction.