Intellectual Property India Publishes Patent Application for Secure Token Transaction Unit, Payment Transaction Sender, Receiver And System, And Method Of Providing A Non-Repudiable Payment Transaction Between Participants In An Electronic Payment Transaction System

MUMBAI, India, July 13 -- Intellectual Property India has published a patent application (202617074118 A) filed by Gieseckedevrient Advance Gmbh on June 15, 2026, for Secure Token Transaction Unit, Payment Transaction Sender, Receiver And System, And Method Of Providing A Non-Repudiable Payment Transaction Between Participants In An Electronic Payment Transaction System.

Inventors include Zeller, Peter; Hupel, Lars; and Rafiee, Makan.

The application for the patent was published on July 10, 2026, under issue no. 28/2026.

Abstract: The invention relates to a secure token transaction unit, such as a wallet, hosted within a service provider unit, within an electronic payment transaction system comprising a token reference register, the secure token transaction unit configured to send a token to another token transaction unit or to receive a token from another token transaction unit within the electronic payment transaction system, the secure token transaction unit comprising a control module adapted to perform a dual key control mechanism, wherein the dual key control mechanism thereby enhancing the security that the payment transaction cannot be tampered with, to enable a non- repudiable proof of the payment transaction.

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