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.
Patent No.:
Date of Patent:
Apr. 14, 2009
Filed:
May. 24, 2002
Duc Lam, San Jose, CA (US);
Matthew Roland, San Francisco, CA (US);
Xuan (Sunny) Mcrae, Fremont, CA (US);
Duc Lam, San Jose, CA (US);
Matthew Roland, San Francisco, CA (US);
Xuan (Sunny) McRae, Fremont, CA (US);
JPMorgan Chase Bank, N.A., New York, NY (US);
Abstract
A method of effecting payment. A system for effecting payment. Instructions to send a set of financial instruments to a set of recipients are received at a first system from an agent. A digital signature of the agent is created using a private key associated with the agent is added to the instructions. The agent is associated with a first entity. The instructions are transmitted to a second system. The second system in the instructions are verified using a public key corresponding to a private key associated with the agent. A set of financial instructions is created electronically and digital signatures created using a second private key are added to the financial instruments. The financial instruments from among the set of financial instruments are sent to respective recipients according to the instruments. According to one embodiment of the invention, the financial instruments are encrypted using public keys of respective recipients. According to another embodiment of the invention, terms are presented to the system administrator indicating that the entity shall be responsible for transactions effected by the agent before authorization is provided to the agent to effect creation of the checks with the digital signatures using the private key of the entity.