Patent ID: 6081790
Filing Date: 2000-06-27
Classification: G06Q

Abstract:
A system for secure presentment and payment, comprising:a merchant electronic processing device having at least one data processor, memory, and cryptographic means;a customer electronic processing device having at least one data processor, memory, and cryptographic means;wherein said merchant electronic processing device creates a presentment ticket from stored invoice data, and securely transmits said presentment ticket and said invoice data to said customer electronic processing device;wherein said customer electronic processing device determines which invoices are to be paid and creates a corresponding remittance advice which it securely transmits to said merchant electronic processing device;wherein said merchant electronic processing device creates a commercial payment ticket corresponding to said remittance advice and securely transmits said commercial payment ticket to said customer electronic processing device;where said customer electronic processing device securely transmits electronic money to said merchant electronic processing device in an amount corresponding to that specified in said remittance advice.