Patent Document ID: 5590196
Application ID: 08319041
Patent Status: 1

Claim One:
1. A method for transferring economic value from a payer to a payee comprising the steps of: a) preparing a value transfer form including information for identifying a specific value to be transferred, a financial institution of the payee and an account number of the payee; b) receiving and verifying a security code at an encryption unit to authorize a transmission including a cryptographic processing result; c) preparing a facsimile transmission device to send an image of the value transfer form; d) connecting the facsimile device through the encryption unit over a communication channel to a value transfer service provider; e) sending said image of the value transfer form in said transmission; f) receiving at the value transfer service provider said transmission including said cryptographic processing result; g) sending a confirmation message to said facsimile device that said transmission has been correctly received; h) decrypting the cryptographic processing result at the value transfer service provider; i) determining whether the cryptographic processing result was authentically generated by the payer; j) extracting said identifying information from the facsimile transmission; and k) generating an electronic value transfer transaction based on said identifying information provided that the cryptographic processing result is determined to be authentic in step (i).