Systems and methods for value transfers using signcryption

A system, method, and apparatus for providing a value transfer is provided. A method includes creating, by a mobile device, a value transfer message, the message including terms of a value transfer from an account of a sending party to a receiving party or one or more merchants; signcrypting, by the...

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Bibliographische Detailangaben
Hauptverfasser: Griffin, Phillip H, Knorr, Michael, Kennon, Ashia D, Kresse, Lynnel J, Mwangi, Catherine Wangari, Daruwalla, Jal, Strobel-Cort, Joanne
Format: Patent
Sprache:eng
Schlagworte:
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Beschreibung
Zusammenfassung:A system, method, and apparatus for providing a value transfer is provided. A method includes creating, by a mobile device, a value transfer message, the message including terms of a value transfer from an account of a sending party to a receiving party or one or more merchants; signcrypting, by the mobile device, the value transfer message using each of the receiving party's public key and the sending party's public and private keys; and sending, by the mobile device, the signcrypted value transfer message to the receiving party, wherein the receiving party can de-signcrypt the signcrypted value transfer message using each of the receiving party's public and private keys and the sending party's public key, and present the value transfer message to a third party to receive the value transfer.