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1. (WO2001003083) SYSTEM AND METHOD FOR PERFORMING SECURE ELECTRONIC TRANSACTIONS OVER AN OPEN COMMUNICATION NETWORK

Pub. No.:    WO/2001/003083    International Application No.:    PCT/EP2000/006269
Publication Date: Fri Jan 12 00:59:59 CET 2001 International Filing Date: Sat Jul 01 01:59:59 CEST 2000
IPC: G06F 12/14
G06F 12/00
G06F 21/43
G06Q 20/00
G07F 7/08
G07F 7/10
H04B 7/26
H04M 11/00
Applicants: MIC SYSTEMS
VAN MOER, Michel
OIKNINE, Michael
Inventors: VAN MOER, Michel
OIKNINE, Michael
Title: SYSTEM AND METHOD FOR PERFORMING SECURE ELECTRONIC TRANSACTIONS OVER AN OPEN COMMUNICATION NETWORK
Abstract:
A system and method for performing a secure transaction associated with on-line commerce includes an acquirer center (40) permitting secured communication with a customer (10) and a merchant (30) using an encrypted protocol for securing transmissions to and from the aquirer gateway over an open network (20). To idendify the customer who initiated the transaction, a PIN-code specific to the transaction is generated from the acquirer gateway (40) and transmitted to the customer's cellular telephone (50) as a message over the GSM network. The PIN-code is then transmitted from the customer's terminal (10) to the acquirer gateway (41) over the open network to authorize the transaction and permit identification of the customer.