The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.

The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.

Date of Patent:
Feb. 08, 2000

Filed:

May. 22, 1997
Applicant:
Inventors:

Thomas J Bombard, Marblehead, MA (US);

John J Hassett, Marblehead, MA (US);

Assignee:

Currency Scientific, Inc., Marlbehead, MA (US);

Attorney:
Primary Examiner:
Assistant Examiner:
Int. Cl.
CPC ...
H04L / ;
U.S. Cl.
CPC ...
380 24 ; 380-4 ; 380 21 ; 705 41 ;
Abstract

A system for transferring value carrying data packets representative of cash between transferor and transferee terminals without the intervention of a centralized database provides for data packets convertible between an inspected state and an uninspected state. Data packets in an inspected state can be negotiated between terminals once, whereupon they become uninspected and hence, non-negotiable. Uninspected data packets are restored to inspected state by having a central bank compare a hash code generated by a transferor terminal against a corresponding hash code generated by the central bank.


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