DATA CARD VERIFICATION SYSTEM

A method of verifying a pair of correspondents in electronic transaction the correspondents each including a first and second signature schemes and wherein the first signature scheme is computationally more difficult in signing than verifying and the second signature scheme is computationally more difficult in verifying than signing. The method comprises the step of the first correspondent signing information according to the first signature scheme and transmitting the first signature to the second correspondent, the second correspondent verifying the first signature received from the first correspondent, wherein the verification is performed according to the first signature scheme. The second correspondent then signs information according to the second signature scheme and transmits the second signature to the first correspondent, the first correspondent verifies the second signature received from the second correspondent, wherein the verification is performed according to the second signature algorithm; the transaction is rejected if either verification fails. The method thereby allows one of the correspondents to participate with relatively little computing power while maintaining security of the transaction.