Systems and Methods for Offline Stored Value Payment Management, Offline Mutual Authentication for Payment, and Auditing Offline Transactions

Abstract

Systems and methods for managing offline stored value for payment with online account reconciliation and auditing, for offline mutual authentication for payment, and for auditing offline transactions using multiple internet-capable mobile devices are provided. The system comprises a plurality of internet-accessible servers and databases, a plurality of user devices with user accounts and instructions for the inventive methods, and a plurality of vending terminals configured to carry out inventive methods and authorize transactions in an offline environment. The present invention solves problems with the currently available state of vending goods or services to a plurality of users in an environment where communications with payment processors is not available or where such communication is subject to excessive risk of hacking and theft of goods, services, or payment card information of users, or where cash or other stored-value payment systems are cumbersome, subject to security risks, or both.

Dependencies are inferred from the claim text.