ENCAPSULATION OF PAYMENT INFORMATION

Organization Name

Wells Fargo Bank, N.A.

Inventor(s)

Phillip H. Griffin of Raleigh NC (US)

Ashia Kennon of Aston PA (US)

Catherine Wangari Mwangi of Hackensack NJ (US)

Jal Daruwalla of Chatham NJ (US)

Joanne Strobel-cort of Summit NJ (US)

Lynnel J. Kresse of Ruskin FL (US)

Michael Knorr of Fairfield CT (US)

ENCAPSULATION OF PAYMENT INFORMATION

This abstract first appeared for US patent application 18956316 titled 'ENCAPSULATION OF PAYMENT INFORMATION

Original Abstract Submitted

A method including receiving a signcrypted cross-border payment message, the signcrypted cross-border payment message generated by signcrypting a cross-border payment message using a first financial institution public key, a first financial institution private key, and a second financial institution public key, retrieving the first financial institution public key, the second financial institution public key, and a second financial institution private key, wherein the second financial institution public key and the second financial institution private key are part of a public/private key pair, unsigncrypting the signcrypted cross-border payment message using the first financial institution public key, the second financial institution public key, and the second financial institution private key to retrieve the cross-border payment message, and verifying that the first financial institution public key is associated with a first financial institution.