US Patent Issued on Oct. 6 for "Method and system for performance enhanced hierarchical key distribution system" (Canadian, Swiss Inventors)

ALEXANDRIA, Va., Oct. 6 -- United States Patent no. 12,755,278, issued on Oct. 6.

"Method and system for performance enhanced hierarchical key distribution system" was invented by John Gregory Underhill (Ottawa) and Stiepan Aurelien Kovac (Geneva).

According to the abstract* released by the U.S. Patent & Trademark Office: "A "hierarchical symmetric key distribution" method, system, and apparatus ("HKDS") is provided for a scalable and fundamentally secure solution for a security protocol for financial transactions, including the electronic payment industry. The security protocol can be used in conjunction with various message authentication code generators and extended output functions to derive unique symmetric keys which can be used to ...