Browse Prior Art Database

TWO-CHANNEL SECURE TRANSACTION

IP.com Disclosure Number: IPCOM000009860D
Original Publication Date: 2000-May-01
Included in the Prior Art Database: 2002-Sep-24

Publishing Venue

Motorola

Related People

Authors:
Man Fai Tam Jui Chuan Na

Abstract

The current credit card transaction model is faulty and credit card fraud has blossomed with the use of technology. Figures show that financial institutions lost billions of dollars on credit/charge card fraud in the US alone last year. A conventional credit card transaction model is summarized below in Figure 1.