On-line based financial services method and system utilizing biometrically secured transactions for issuing credit
First Claim
1. A method for securing computer network credit transactions using biometrics comprising the steps of:
- a) a buyer registering personal information and at least one biometric sample with a detection server via a computer network;
b) the detection server communicating with computer systems of a credit-issuing institution to establish a credit account for the buyer;
c) the detection server establishing an account for the buyer if the credit issuing institution approves credit for the buyer;
d) the detection server forwarding the biometric sample to a third party clearinghouse, which enrolls the biometric sample to register the buyer;
e) the buyer accessing a seller'"'"'s computer network site to make a purchase;
f) the buyer accessing the detection server and submits at least one biometric sample g) the detection server forwarding the biometric sample to the third party clearinghouse;
h) the clearinghouse performing a match of the biometric sample and returning the result of the match to the detection server;
i) the detection server obtaining a single use credit card account number from the credit-issuing institution upon successful match from the third party clearinghouse; and
j) The detection server forwarding the single use credit card account number to the buyer.
1 Assignment
0 Petitions
Accused Products
Abstract
A method and system for issuing biometrically-secured online credit without tokens or cards. Buyer initiates registration wherein buyer provides personal information and a biometric sample to a detection server. The detection server communicates with a credit issuing institution to establish a credit account. Upon issuance of credit, the detection server forwards the biometric sample to a third party clearinghouse, which enrolls the biometric sample. Buyer is then able to securely originate transactions on any computer system of choice since access to their financial services is only allowed through biometric authentication of the buyer. Once registered, the buyer accesses a seller'"'"'s website to make a purchase and presents a biometric sample. The detection server forwards the biometric sample to the clearinghouse. Upon successful match from clearinghouse approval is sent to the detection server for issuance of a one-time credit card account number, which automatically populates the buyer'"'"'s payment information online.
191 Citations
24 Claims
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1. A method for securing computer network credit transactions using biometrics comprising the steps of:
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a) a buyer registering personal information and at least one biometric sample with a detection server via a computer network;
b) the detection server communicating with computer systems of a credit-issuing institution to establish a credit account for the buyer;
c) the detection server establishing an account for the buyer if the credit issuing institution approves credit for the buyer;
d) the detection server forwarding the biometric sample to a third party clearinghouse, which enrolls the biometric sample to register the buyer;
e) the buyer accessing a seller'"'"'s computer network site to make a purchase;
f) the buyer accessing the detection server and submits at least one biometric sample g) the detection server forwarding the biometric sample to the third party clearinghouse;
h) the clearinghouse performing a match of the biometric sample and returning the result of the match to the detection server;
i) the detection server obtaining a single use credit card account number from the credit-issuing institution upon successful match from the third party clearinghouse; and
j) The detection server forwarding the single use credit card account number to the buyer. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20)
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21. A method for securing web-based credit transactions using biometrics comprising the steps of:
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a) a buyer registering personal information and at least one biometric sample with a detection server via the Internet;
b) the detection server communicating with computer systems of a credit-issuing institution to establish a credit account for the buyer;
c) the detection server establishing an account for the buyer if the credit issuing institution approves credit for the buyer;
d) the detection server forwarding the biometric sample to a third party clearinghouse, which enrolls the biometric sample;
e) the buyer accessing a seller'"'"'s Internet site to make a charge transaction;
f) the buyer accessing the detection server and submitting at least one biometric sample;
g) the detection server forwarding the biometric sample to the third party clearinghouse;
h) the clearinghouse performing a match of the biometric sample and returning the result of the match to the detection server; and
i) the detection server forwarding a single use credit card account number to the buyer upon successful match from the third party clearinghouse. - View Dependent Claims (22)
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23. A method for securing web-based debit transactions using biometrics comprising the steps of:
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a) a buyer registering personal information and at least one biometric sample with a detection server via the Internet;
b) the detection server communicating with computer systems of a financial institution to establish a credit account for the buyer;
c) the detection server establishes an account for the buyer;
d) the detection server forwarding the biometric sample to a third party clearinghouse, which enrolls the biometric sample;
e) The buyer accessing a seller'"'"'s Internet site to make a purchase;
f) The buyer accessing the detection server and submitting at least one biometric sample;
g) The detection server forwarding the biometric sample to the third party clearinghouse;
h) The clearinghouse performing a match of the biometric sample and returning the result of the match to the detection server;
i) Upon the successfully match from the third party clearinghouse, the detection server obtaining a single use debit card account number from the financial institution; and
j) The detection server forwarding a single use credit card account number to the buyer.
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24. A system for securing web-based credit transactions using biometrics comprising the steps of:
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a) providing a means for buyer registration, wherein personal information and at least one biometric sample is registered with a detection server via the Internet;
b) providing a means for communicating, wherein the detection server communicates with computer systems of a credit-issuing institution to establish a credit account for the buyer;
c) providing a means for establishing an account for buyer upon the credit issuing institution-approving credit;
d) providing a means for allowing the detection server to forward the biometric sample to a third party clearinghouse, which enrolls the biometric sample;
e) providing a means for buyer to access a seller'"'"'s Internet site to make a purchase;
f) providing a means for the buyer to access the detection server and submit at least one biometric sample;
g) providing a means for the detection server to forward the biometric sample to the third party clearinghouse;
h) providing a means for the clearinghouse to perform a match of the biometric sample and to return the result to the detection server;
i) providing a means for transmission, wherein upon successful match from the third party clearinghouse, the detection server obtains a single use credit card account number from the credit-issuing institution; and
j) providing a means for the detection server to forward the single use credit card account number to the buyer.
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Specification