System and method for secure transactions over a network
View Patent ↗The public Internet is the world's largest system of inter-networked computers. Adequate security means for protecting sensitive data communicated over the Internet is not, however, provided. The present invention, therefore, provides a system and method for performing secure transactions over an insecure packet-switched communication network. This is achieved by interconnecting a number of master nodes over the insecure communication network. The master nodes are capable of transmitting encrypted data packets over the insecure network via pseudo-random communication paths. The master nodes are further capable of returning to any state in a secure transaction in the event of a network failure. The master nodes are also capable of using new keys to encrypt each data packet.
1. A method of providing reliable transactions over a communication network comprising the steps of:
determining a need in a node in a transaction network to update a transmission path capacity indicator between the node and a destination node in the transaction network;
formulating an application layer transaction request message comprising an electronic transaction request message in the node as a probe for the purposes of updating the transmission path capacity indicator wherein the electronic transaction message is a credit card charge authorization message;
selecting one of a plurality of output ports on the node for transmitting the probe packet to the destination node;
transmitting the probe packet to an adjacent node;
receiving an application layer transaction response message from the adjacent node correlated with the probe jacket using a message identifier number;
determining a time duration in the node based on a first time associated with the transmission of the probe packet and a second time associated with the receipt of the application layer transmission response message; and
updating the transmission path capacity indicator based on the time duration.
2. A method of providing reliable transactions over a communication network comprising the steps of:
determining a need in a node in a transaction network to update a transmission path capacity indicator between the node and a destination node in the transaction network;
formulating an application layer transaction request message comprising an electronic transaction request message in the node as a probe packet for the purposes of updating the transmission path capacity indicator wherein the electronic transaction message debits a bank account;
selecting one of a plurality of output ports on the node for transmitting the probe packet to the destination node;
transmitting the probe packet to an adjacent node;
receiving an application layer transaction response message from the adjacent node correlated with the probe packet using a message identifier number;
determining a time duration in the node based on a first time associated with the transmission of the probe packet and a second time associated with the receipt of the application layer transaction response message; and
updating the transmission path capacity indicator based on the time duration.
3. A method of providing reliable transactions over a communication network comprising the steps of:
determining a need in a node in a transaction network to update a transmission path capacity indicator between the node and a destination node in the transaction network;
formulating an application layer transaction request message comprising an electronic transaction request message as a probe packet for the purposes of updating the transmission path capacity indicator wherein the electronic transaction request message is a debit card authorization request in the node;
selecting one of a plurality of output ports on the node for transmitting the probe packet to the destination node;
transmitting the probe packet to an adjacent node;
receiving an application layer transaction response message from the adjacent node correlated with the probe packet using a message identifier number;
determining a time duration in the node based on a first time associated with the transmission of the probe packet and a second time associated with the receipt of the application layer transaction response message; and
updating the transmission path capacity indicator based on the time duration.
4. A method of providing reliable transactions over a communication network comprising the steps of:
determining a need in a node in a transaction network to update a transmission path capacity indicator between the node and a destination node in the transaction network wherein the destination node is operatively connected to a credit card transaction server;
formulating an application layer transaction request message comprising an electronic transaction request message in the node as a probe packet for the purposes of updating the transmission path capacity indicator;
selecting one of a plurality of output ports on the node for transmitting the probe packet to the destination node;
transmitting the probe packet to an adjacent node;
receiving an application layer transaction response message from the adjacent node correlated with the probe packet using a message identifier number;
determining a time duration in the node based on a first time associated with the transmission of the probe packet and a second time associated with the receipt of the application layer transaction response message; and
updating the transmission path capacity indicator based on the time duration.