Joseph L Lloyd

US Patent:

20040193553, Sep 30, 2004

Filed:

Mar 25, 2003

Appl. No.:

10/396957

Inventors:

Joseph Lloyd - Warrenville IL, US
Stephen Liberty - Winthrop NY, US
Miguel Loyoza - Garden KS, US

International Classification:

G06F011/30

US Classification:

705/078000

Abstract:

Due to the inability of merchants to secure their data, the credit card/debit card/bank number information must be hidden in a way that the merchant receives only what is needed to process the order. For the system to be immune to hackers, it must be hardware and software based. The invention is a process in which consumer's information is put into a hardware device and encrypted into a package with two sections, the first which can be decrypted by merchants, the second which can be decrypted by credit card offices only. If the data is accurate, the transaction proceeds normally. This secures the credit card data 1) before a transaction occurs, 2) during a transaction, and 3) after a transaction occurs. This method of global protection is revolutionary and protects the credit card data in all possible ways, a solution that no other existing security solution even tries.