Patent ID: 7120606

Claim:
A method for securely transferring electronic funds comprising: (a) assigning, through the use of a computer program resident on a personal computer and without the use of a secure network, at least one sender-defined security attribute to a digital rights management container containing a digital representation of money, wherein the at least one security attribute precludes unauthorized access to the container containing the digital representation of money, and wherein the at least one sender-defined security attribute is defined at the time of an electronic fund transfer; (b) encrypting data contained within the digital rights management container via the computer program resident on the personal computer; and (c) transmitting the container containing a digital representation of money over an insecure network to a recipient, wherein the at least one security attribute is requirement that the recipient of the digital rights management container containing a digital representation of money prove they are the intended recipient through either a random number generator card, smart card, or biometric scan comprised of a retina scan, fingerprint, or voiceprint.