Patent ID: 6970852

Claim:
A method of securely transferring data having a corresponding equivalent monetary value in a communications system including a first device having access to a removable recordable media having a first set of data encoded thereon, a second device having a second set of data thereon, a third device having a third set of data thereon, and a fourth device having a fourth set of data thereon, the method comprising the steps of: sending a request from the first device to the second device to perform a transaction; retrieving the first set of data from the recordable media at the first device wherein the first set of data includes at least one non-reusable token being equivalent to a monetary value; transmitting the first set of data retrieved from the recordable media directly to the third device; at the third device comparing the first set of data to the third set of data for verification purposes; transmitting a portion of the third set of data to the fourth device; comparing the portion of the third set of data to the fourth set of data at the fourth device for verification purposes; upon verification by the fourth device transmitting an approval message from the fourth device to the third device; and upon receiving an approval message at the third device transmitting an instruction from the third device to the second device whereby the second device completes the transaction request according to a predetermined process.