Tokenless electronic transaction system
First Claim
1. A tokenless authorization system for commercial transactions between a buyer and a seller using a computer system, comprising:
- a. means for buyer registration, wherein the buyer registers with the computer system a PIN, at least one registration biometric sample, and at least one buyer financial account;
b. means for making a proposal, wherein the seller offers a proposed commercial transaction to the buyer, the proposed commercial transaction comprising price information;
c. means for acceptance, wherein the buyer signals acceptance of the seller'"'"'s proposed commercial transaction by adding to the proposed commercial transaction the buyer'"'"'s personal authentication information comprising a pin and at least one bid biometric sample, wherein the bid biometric sample is obtained from the buyer'"'"'s person;
d. means for transmission, wherein the bid biometric sample and pin are forwarded to the computer system;
e. means for buyer identification, wherein the computer system compares the bid biometric sample with registration biometric samples for producing either a successful or failed identification of the buyer; and
f. means for payment, wherein a financial account of the buyer is debited and a financial account of the seller is credited, wherein a commercial transaction is conducted without the buyer having to use any smartcards or swipe cards;
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Accused Products
Abstract
The invention as described provides a method and system for tokenless authorization of commercial transactions between a buyer and a seller using a computer system. The method comprises the steps of registering a buyer, wherein the buyer registers with the computer system a PIN, at least one registration biometric sample, and at least one buyer financial account. The method also includes a seller registration step, wherein the seller registers with the computer system at least one seller financial account. In a proposal step, the seller offers a proposed commercial transaction to the buyer usually comprising price information. If the buyer accepts the seller'"'"'s proposal, in an acceptance step, the buyer signals his/her acceptance by adding to the proposed commercial transaction the buyer'"'"'s personal authentication information comprising a PIN and at least one bid biometric sample which is obtained from the buyer'"'"'s person. In a transmission step, the bid biometric sample and PIN are forwarded to the computer system. The computer system compares the bid biometric sample with registration biometric samples for producing either a successful or failed identification of the buyer in a buyer identification step. Upon determination of sufficient resources, a financial account of the buyer is debited and a financial account of the seller is credited, in a payment step. Therefore, a commercial transaction is conducted without the buyer having to use any portable man-made memory devices such as smartcards or swipe cards.
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Citations
22 Claims
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1. A tokenless authorization system for commercial transactions between a buyer and a seller using a computer system, comprising:
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a. means for buyer registration, wherein the buyer registers with the computer system a PIN, at least one registration biometric sample, and at least one buyer financial account;
b. means for making a proposal, wherein the seller offers a proposed commercial transaction to the buyer, the proposed commercial transaction comprising price information;
c. means for acceptance, wherein the buyer signals acceptance of the seller'"'"'s proposed commercial transaction by adding to the proposed commercial transaction the buyer'"'"'s personal authentication information comprising a pin and at least one bid biometric sample, wherein the bid biometric sample is obtained from the buyer'"'"'s person;
d. means for transmission, wherein the bid biometric sample and pin are forwarded to the computer system;
e. means for buyer identification, wherein the computer system compares the bid biometric sample with registration biometric samples for producing either a successful or failed identification of the buyer; and
f. means for payment, wherein a financial account of the buyer is debited and a financial account of the seller is credited, wherein a commercial transaction is conducted without the buyer having to use any smartcards or swipe cards;
- 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 tokenless authorization system for commercial transactions between a buyer and a seller using a computer system, comprising:
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a. means for buyer registration, wherein the buyer registers with the computer system a PIN, at least one registration biometric sample, and at least one buyer financial account;
b. means for registering in the computer system at least one seller financial account;
c. means for making a proposal, wherein the seller offers a proposed commercial transaction to the buyer, the proposed commercial transaction comprising price information, wherein the buyer is remote from the seller and communicates with the seller using a computer network;
d. means for acceptance, wherein the buyer signals acceptance of the seller'"'"'s proposed commercial transaction by adding to the proposed commercial transaction the buyer'"'"'s personal authentication information comprising a PIN and at least one bid biometric sample, wherein the bid biometric sample is obtained from the buyer'"'"'s person;
e. means for transmission, wherein the bid biometric sample and PIN are forwarded to the computer system;
f. means for buyer identification, wherein the computer system compares the bid biometric sample with registration biometric samples for producing either a successful or failed identification of the buyer; and
g. means for payment, wherein upon determination of sufficient resources, a financial account of the buyer is debited and a financial account of the seller is credited, wherein a commercial transaction is conducted without the buyer having to use any smartcards or swipe cards.
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22. A tokenless authorization system for commercial transactions between a buyer and a seller using a computer system, comprising:
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a. means for buyer registration, wherein the buyer registers with the computer system a PIN, at least one registration biometric sample, and at least one buyer financial account, wherein the buyer financial account is assigned an account index code;
b. means for storing in the computer system an identification of at least one seller financial account;
c. means for making a proposal, wherein the seller offers a proposed commercial transaction to the buyer, the proposed commercial transaction comprising price information;
d. means for acceptance, wherein the buyer signals acceptance of the seller'"'"'s proposed commercial transaction by adding to the proposed commercial transaction the buyer'"'"'s personal authentication information comprising a PIN and at least one bid biometric sample, wherein the bid biometric sample is obtained from the buyer'"'"'s person;
e. means for transmission, wherein the bid biometric sample and PIN are forwarded to the computer system;
f. means for buyer identification, wherein the computer system compares the bid biometric sample with registration biometric samples for producing either a successful or failed identification of the buyer; and
g. means for payment, wherein upon determination of sufficient resources, a financial account of the buyer is debited and a financial account of the seller is credited, wherein a commercial transaction is conducted without the buyer having to use any smartcards or swipe cards.
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Specification