US6047067A
Expired / Lapsed
US
⏱️ 0.0 years remaining
Electronic-monetary system
Assignee: Citibank NA
•
Filing: 1997-12-19
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Granted: 2000-04-04
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Expires: 2017-12-19
Abstract
Abstract An electronic-monetary system having (1) banks or financial institutions that are coupled to a money generator device for generating and issuing to subscribing customers electronic money including electronic currency backed by demand deposits and electronic credit authorizations; (2) correspondent banks that accept and distribute the electronic money; (3) a plurality of transaction devices that are used by subscribers for storing electronic money, for performing money transactions with the on-line systems of the participating banks or for exchanging electronic money with other like transaction devices in off-line transactions; (4) teller devices, associated with the issuing and correspondent banks, for process handling and interfacing the transaction devices to the issuing and correspondent banks, and for interfacing between the issuing and correspondent banks themselves; (5) a clearing bank for balancing the electronic money accounts of the different issuing banks; (6) a data communications network for providing communications services to all components of the system; and (7) a security arrangement for maintaining the integrity of the system, and for detecting counterfeiting and tampering within the system. An embodiment of the invention includes a customer service module which handles lost money claims and links accounts to money modules for providing bank access.
Inventors
- 👤 Sholom S. Rosen
Bibliographic Details
Application Number
—
Jurisdiction
US
Data Source
google_patents
Last Synchronized
2026-10-30 21:38
CPC Classifications
G; G06; G06Q; G06Q20/00; G06Q20/02; G06Q20/04; G06Q20/06; G06Q20/08; G06Q20/10; G06Q20/105; G06Q20/12; G06Q20/22; G06Q20/26; G06Q20/30; G06Q20/36; G06Q20/367; G06Q20/3674; G06Q20/3676; G06Q20/3678; G06Q20/38; G06Q20/382; G06Q20/3821; G06Q20/40; G06Q20/401; G06Q30/00; G06Q30/06; G06Q40/00; G06Q40/02; G07; G07F; G07F17/00; G07F17/16; G07F7/00; G07F7/08; G07F7/0866; H; H04; H04L; H04L63/00; H04L63/08; H04L63/0823; H04L63/12; H04L63/123; H04L9/00; H04L9/08; H04L9/0891; H04L9/32; H04L9/3263; H04L2209/00; H04L2209/56
Claims Analysis
Total Claims: 16
Claim 1
Independent Claim
217 words
An electronic monetary system comprising: an issuing bank having an on-line accounting system; a money issued reconciliation system; electronic representations of money that are accounted for in said on-line accounting system; a money generator module associated with said issuing bank, for generating said electronic representations of money; a teller module associated with said issuing bank, capable of storing said electronic representations of money; a transaction money module capable of transferring said electronic representations of money; where a transfer record is appended to said electronic representations of money upon each transfer between any two of said modules, and where said electronic representations of money are periodically passed to said money issued reconciliation system; said money issued reconciliation system having a processor for analyzing said transfer records for each electronic representation of money to identify electronic representations of money that are lost or duplicated; and where a subscriber of a given transaction money module submits to said issuing bank a lost money claim that identifies one or more lost electronic representations of money associated with the given transaction money module, and said issuing bank remunerates said subscriber based on said lost money claim and on said money issued reconciliation system confining the validity of said lost money claim for each said one or more lost electronic representations of money.
Claim 2
Dependent Claim
40 words
The electronic monetary system according to claim 1, wherein said transaction money modules are each adapted to store information associated with electronic representations of money that are involved in aborted transactions, and wherein said lost money claim includes said information.
Claim 3
Dependent Claim
45 words
The electronic monetary system according to claim 1, wherein said transaction money modules are each adapted to store said lost money claim on an independent storage device, and wherein said lost money claim is digitally signed by a private key of said transaction money modules.
Claim 4
Dependent Claim
30 words
The electronic monetary system according to claim 3, wherein said lost money claim includes information associated with all electronic representations of money that are stored in said transaction money module.
Claim 5
Independent Claim
110 words
A method for creating a lost notes claim that identifies lost electronic notes associated with a subscriber's transaction money module, said method comprising the steps of: (a) said transaction money module generating a unique claim sequence number and constructing said lost notes claim as a packet including said unique claim sequence number, information for all transferable electronic notes stored in said transaction money module, failed commit information for any electronic notes associated with failed commits by said transaction money module, and a digital signature and certificate of said transaction money module; and (b) storing said lost notes claim on a storage medium which is independent of said transaction money module.
Claim 6
Dependent Claim
120 words
The system according to claim 5, wherein said lost notes claim comprises: a first and second data field encrypted with said transaction money module's private key, wherein said first data field includes said unique claim sequence number, said information for all transferable electronic notes stored in said transaction money module including a current value and a copy of each said transferable electronic notes, and said failed commit information for unclaimed failed commits, and wherein said second data field includes said first data field digitally signed by said transaction money module's private key; and a third data field including said claim sequence number, a total monetary value amount for said lost notes claim, and said certificate of said transaction money module.
Claim 7
Independent Claim
149 words
A method for a subscriber, by way of a customer service module having access to one or more issuing banks, to claim lost notes associated with a transaction money module by using said transaction money module, comprising the steps of: (a) said subscriber providing identification to a host of said customer service module; (b) establishing a cryptographically secure session between said transaction money module and said customer service module; (c) said customer service module receiving from said host said identification information of said subscriber; (d) said transaction money module sending said customer service module a message including unclaimed failed commit information associated with unclaimed failed commit records stored in said transaction money module; and (e) said customer service module constructing a claim from said unclaimed failed commit information, and sending said claim via said host to a money issued investigation system associated with said one or more issuing banks.
Claim 8
Dependent Claim
50 words
The method to claim lost notes according to claim 7, further comprising the step of said customer service module, in response to said message, sending a claim identifier to said transaction money module, and said transaction money module marking each of said unclaimed failed commit records with said claim identifier.
Claim 9
Dependent Claim
37 words
The method to claim lost notes according to claim 7, wherein said unclaimed failed information sent to said customer service module in step (d) is associated with only unclaimed failed records that have not been previously claimed.
Claim 10
Dependent Claim
37 words
The method to claim lost notes according to claim 7, wherein prior to step (d) said subscriber selects, by way of said transaction money module, said failed commit records from among a list of failed commit records.
Claim 11
Independent Claim
153 words
A method for a subscriber, by way of a customer service module having access to one or more issuing banks, to claim lost notes associated with a transaction money module by using a storage device that contains a lost notes claim stored from said transaction money module, said storage device being independent of said transaction money module, said method comprising the steps of: (a) said subscriber providing identification to a host of said customer service module; (b) said customer service module accessing said lost notes claim stored in said storage device; (c) said customer service module receiving said lost notes claim from said storage device; (d) said customer service module verifying the validity of said lost notes claim; and (e) said customer service module constructing a claim from said lost notes claim, and sending said claim via said host to a money issued investigation system associated with said one or more issuing banks.
Claim 12
Dependent Claim
48 words
The method to claim lost notes according to claim 11, wherein said lost notes claim includes a certificate of said transaction money module, and wherein said step (d) of said customer service module verifying the validity of said lost notes claim includes verifying the validity of said certificate.
Claim 13
Dependent Claim
86 words
The method to claim lost notes according to claim 11, wherein said lost note claim includes copies of lost notes, each lost note copy of said copies of lost notes having a certificate group of data fields, which includes a list of each transferor money module that transferred an original of said lost note copy and containing each said transferor money module's digital signature and certificate, wherein step (d) further comprises the step of verifying the validity of each transferor money module's certificate and digital signature.
Claim 14
Dependent Claim
96 words
The method to claim lost notes according to claim 11, wherein said lost note claim includes copies of lost notes, each lost note copy of said copies of lost notes having a transfer record data field, which includes a list of each monetary value amount transferred in each transfer of an original of said lost note copy, wherein step (d) further comprises the step of checking said transfer record data field to confirm that for each transfer a monetary amount was transferred which is not greater than the monetary value transferred in an immediately precedent transfer.
Claim 15
Dependent Claim
46 words
The method to claim lost notes according to claim 11, wherein in step (b) a communication link is established between said customer service module and a host device associated with said storage device, said customer service module accessing said lost notes claim via said communication link.
Claim 16
Dependent Claim
30 words
The method according to claim 5, wherein step (a) is invoked in response to said subscriber selecting, by way of said transaction money module, to create a lost notes claim.
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USPTO Annuity & Maintenance Windows
| Annuity Stage | Window Opens | Payment Deadline | Surcharge Period Until | Estimated Fee | Status |
|---|---|---|---|---|---|
| 3.5 Years (Year 4) | 2003-04-04 | 2003-10-04 | 2004-04-04 | $2000.00 | Window Closed / Lapsed |
| 7.5 Years (Year 8) | 2007-04-04 | 2007-10-04 | 2008-04-04 | $3760.00 | Window Closed / Lapsed |
| 11.5 Years (Year 12) | 2011-04-04 | 2011-10-04 | 2012-04-04 | $7700.00 | Window Closed / Lapsed |