Patent AU-2020103518-A4 (AU)
Title: ISMA- Account Management System: Intelligent Security Module for an Advanced Account Management System
Inventor: KHEDKAR EKNATH B
IPC: G06F21/51
Filed: 2020-11-18
Granted: 2021-01-28
Abstract: Our Invention "ISMA- Account Management System" is a dynamically programmable 
security account device and the device also includes secure nonvolatile read only memory 
(NVMROM) for securely storing a unique device cipher key. The invented technology also 
a secure interface for dynamically loading authenticated application code a cryptographic 
engine for encrypting, decrypting data and authenticating the application code a secure 
random access memory (RAM) for storing the authenticated application code and 
application data; and a processor for executing the authenticated application code. The 
invented technology also a security module for a host device of an account management 
system, to a host device for exchanging electronic goods, services data and funds between 
other host devices of an account management system and to an account management 
system. The invented technology also a method for exchanging electronic goods, services 
data and/or funds between host devices of an account management system, in particular 
an end-customer host device, a gateway host device and a bank host device, and to a 
computer program product. The invented technology is a traditionally, financial 
institutions manage customer accounts within their own organisations and integrity and 
confidentiality of customer accounts are protected by a variety of organizational, 
administrative and electronic measures as well as a legal frame work of liabilities and 
insurances. The invented technology also the financial data around between financial 
organisations, closed financial networks are in use, which are sufficiently protected 
against access from the non-financial world. This host device is preferably implemented 
as gateway host device and may also comprise means, preferably a software component, 
which ensure the integrity and completeness of all audit and transaction data. Still 
further, these objects are achieved by an account management system as claimed in 
comprising: 
1. an end-customer host device.  
2. a bank host device.  
3. a host device connected to said end-customer host.  
4. device and said bank host device for exchanging electronic goods, services, data 
and/or funds between said host devices.  
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Electronic Cash 
eoOAccount Based 
le System 
Smart Card Systems Generic systems 
Mondex (Not Operational) NetBill (Theoritical) 
Chipper (Not Operational) Netcheque (Theoritical) 
Proton PayPal 
O~nflne Cash System 
Netcash (Theoritical) Specialized Systems 
Ecash (Not O~perational) Content based EPS 
Millicent (Theoritical)_ 
Credit and D>ebit Systems 
MasterCard 
Amex 
Visa Electron 
Payment Mecliation Services 
FIG. 1: SHOWS THE SUPPORT CHAIN FOR A KNOWN ELECTRONIC PAYMENT SYSTEM 
Account Management Software
Reasons to Eliminate Traditional 
Accounts 
Cloud based account management software 
are digitalizing the business around the globe.  
Let's have a look to major reasons for this rapid 
adoption.  
FIG. 2A: IS A DIFFERENT APPLICATIONS OF AN ACCOUNT MANAGEMENT SYSTEM ACCORDING TO THE INVENTION,