Method and apparatus for authenticating financial transactions
First Claim
1. A computer implemented method of authenticating a financial transaction requested by a user using a remote terminal, the method of including the steps of storing account information in machine readable form, the information relating to one or more financial accounts, storing identity information relating to each account, the identity information including machine readable information corresponding to a unique biological identifier supplied by at least one individual authorised to access at least one of the accounts, submission by the user of the user'"'"'s unique biological identifier, and submission of the user'"'"'s transaction request at the remote terminal, transmission from the remote terminal to a clearing house of the user'"'"'s unique biological identifier and the user'"'"'s transaction request, a comparison made by the clearing house of the user'"'"'s unique biological identifier with the stored identity information, if the users unique biological identifier matches any of the stored identity information, then the transaction information is compared with the account to which the biological information relates to ascertain whether the requested transaction is allowable, and if the transaction is allowable, processing the transaction.
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Accused Products
Abstract
A system for authentication of financial transactions using a remote terminal includes apparatus for sampling a unique biological identifier of a system user. The system has particular relevance to credit card or other electronic funds transfer transactions whereby the user may complete a transaction over the Internet, or at a merchant'"'"'s remote terminal by using a unique biological identifier in place of the credit card. The unique biological identifier is preferably a finger print which is read by a camera at the personal computer or remote terminal. The image is digitized and forwarded to a clearing house to identify the appropriate account for the required transaction to be processed.
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Citations
14 Claims
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1. A computer implemented method of authenticating a financial transaction requested by a user using a remote terminal, the method of including the steps of
storing account information in machine readable form, the information relating to one or more financial accounts, storing identity information relating to each account, the identity information including machine readable information corresponding to a unique biological identifier supplied by at least one individual authorised to access at least one of the accounts, submission by the user of the user'"'"'s unique biological identifier, and submission of the user'"'"'s transaction request at the remote terminal, transmission from the remote terminal to a clearing house of the user'"'"'s unique biological identifier and the user'"'"'s transaction request, a comparison made by the clearing house of the user'"'"'s unique biological identifier with the stored identity information, if the users unique biological identifier matches any of the stored identity information, then the transaction information is compared with the account to which the biological information relates to ascertain whether the requested transaction is allowable, and if the transaction is allowable, processing the transaction.
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9. Apparatus for authenticating a financial transaction requested by a user using a remote terminal, the apparatus including
a database having account information in machine readable form, the account information relating to one or more financial accounts the database also storing identity information relating to each account, the identity information including machine readable information corresponding to a unique biological identifier supplied by at least one individual authorised to access at least one of the accounts receiving means to receive information from a remote terminal corresponding to the user'"'"'s unique biological identifier and information relating to the user'"'"'s transaction request at the remote terminal, comparing means to compare the users unique biological identifier with the stored identity information to ascertain the relevant account, and processing means to process the requested transaction.
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13. A bank card, such as a credit card, eftpos card or the like, including a series of digits on the card, the digits including information to enable identification of a clearing house relating to an account which the owner of the card in use has authorisation to access, and there being no identification information on the card regarding the identity of the user or the identity of the actual account or accounts which the user is authorised to access.
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14. Any novel feature or combination of features disclosed herein.
Specification