Methods for securing transactions by applying crytographic methods to assure mutual identity
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United States of America Patent
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Dec 3, 2013
Grant Date -
Sep 20, 2012
app pub date -
Mar 17, 2011
filing date -
Mar 17, 2011
priority date (Note) -
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Abstract
Described are a system and method for securing an online transaction. A request is output from an electronic device to a verification server to perform an online transaction. The verification server generates a challenge request. The challenge request is encrypted with a private key of a pair of cryptographic keys. The encrypted challenge request is decrypted with a public key of the pair of cryptographic keys. The decrypted challenge request and the challenge request generated by the verification server are compared. A verification result is generated in response to the comparison.
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