Patent ID: 6233565
Filing Date: 2001-05-15
Classification: G06Q,H04L

Abstract:
A system for conducting Internet based financial transactions comprising:a client having a processor, a printer, a client authentication module, a module for issuing a transaction request, and a unique digital signature;a server having a network including a transaction server, a transaction database, a server authentication module, and a receipt generation module; andan internet connection between the client and the server network;wherein the transaction execution system further comprises:an authentication module, wherein the client authentication module and the server authentication modules communicate via the internet connection and are authenticated to each other;a transaction module wherein, in response to the client and server being authenticated, the client issues a transaction request to the server and the transaction server, in response to a client transaction request, executes an electronic payment transaction at the server and records the transaction in the transaction database, and wherein the server receipt generation module, in response to an executed electronic payment, generates a receipt and transmits said receipt to the client, said receipt comprising the client digital signature and a data set uniquely identifying the executed transaction; andwherein the receipt is printable by the client printer and the printed receipt is an evidence of payment for the executed transaction.