Electronic transaction verification system
First Claim
1. An electronic transaction verification system for use at a location where a transaction token is presented by an individual comprising:
- a transaction information database for storing an account information for an authorized user;
a reading device for reading and transmitting transaction information data to the information database;
a biometric data device for scanning and transmitting biometric data with the transaction information to the information database;
wherein the biometric data device selectively transmits biometric data to the biometric database for comparison with the biometric data stored for the authorized user to verify the identity of the individual presenting the transaction token; and
wherein the reading device selectively transmits transaction information data to the information database for comparison with account information stored for the authorized user to verify a condition of the account.
12 Assignments
0 Petitions
Accused Products
Abstract
An electronic transaction verification system for use with transaction tokens such as checks, credit cards, debit cards, and smart cards, that gathers and transmits information about the transaction token and biometric data. The system preferably has the ability to read or scan transaction and account information printed or encoded on the transaction token, digitally encode biometric data, scan drivers'"'"' licenses or other identification cards, and take a signature of a customer, all at a transaction location for purposes of account verification. The electronic transaction verification system preferably digitizes various indicia of the token, such as the magnetic ink (MICR) line on a presented check or the magnetic strip on a credit card or debit card, and transmits the transaction information data to a central system, at which the central system compares the inputted data with an existing database of information to determine if the customer at the point of the transaction is in fact authorized to use the account, and if the account is in satisfactory condition for approval of the transaction. The electronic verification system includes a biometric data device for recording and/or transmitting biometric data taken at the point of the transaction. The device alternatively prints the biometric data on, or in conjunction with, the token, either in actual or digitally encoded form, such that the biometric data can be checked subsequently against a database at the time the token is processed at a financial institution. The system alternatively includes a device for scanning an information card which contains biometric data such as a proper fingerprint and/or a signature, and the remotely gathered data can be compared to the recorded data on the card, in addition to or instead of, transmission of the gathered data to the electronic, biometric and signature databases.
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Citations
33 Claims
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1. An electronic transaction verification system for use at a location where a transaction token is presented by an individual comprising:
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a transaction information database for storing an account information for an authorized user;
a reading device for reading and transmitting transaction information data to the information database;
a biometric data device for scanning and transmitting biometric data with the transaction information to the information database;
wherein the biometric data device selectively transmits biometric data to the biometric database for comparison with the biometric data stored for the authorized user to verify the identity of the individual presenting the transaction token; and
wherein the reading device selectively transmits transaction information data to the information database for comparison with account information stored for the authorized user to verify a condition of the account. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13)
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14. An electronic transaction verification system for use at a location were a transaction token is presented by an individual, comprising:
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a transaction information database for storing an account information for an authorized user;
reading means for reading and transmitting transaction information data to the information database;
biometric data means for recording and transmitting biometric data received with the transaction information data to the information database;
a biometric database for storing biometric data for the authorized user;
wherein the reading means selectively transmits transaction information data to the transaction information database for comparison with account information for the authorized user to verify a condition of the account; and
wherein the biometric data means selectively transmits biometric data to the biometric database for comparison with the biometric data stored for the user to verify the identity of the individual presenting the transaction token. - View Dependent Claims (15, 16, 17, 18, 19, 20, 21, 22, 23)
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24. A method of verifying the identity of a person attempting to tender a transaction token, and the condition of an account against which the transaction token is applied, the method comprising the steps of:
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obtaining transaction information from the transaction token;
obtaining biometric data from the person tendering the transaction token;
selectively transmitting the transaction information to a transaction information database that stores an account information for an authorized user;
comparing the transmitted transaction information with the account information stored in the transaction information database to determine if the account against which the transaction token is applied is in condition to satisfy the transaction;
selectively transmitting the biometric data to a biometric database that stores biometric information for the authorized user;
comparing the transmitted biometric data with biometric information stored in the biometric database to determine if the person tendering the transaction token is authorized to use the account against which the transaction token is applied. - View Dependent Claims (25, 26, 27)
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28. An electronic transaction verification system for use with a transaction token processing system, at a location where a transaction token is presented by an authorized user, comprising:
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a reading device for reading and transmitting transaction information to the transaction information database;
a biometric data device for recording and transmitting biometric data that is received with the transaction token;
a biometric database for storing biometric data for a plurality of authorized users;
a transaction information database for storing account information for an authorized user;
wherein the biometric device selectively transmits biometric data to the first biometric database to verify the identity of the individual presenting the transaction token; and
wherein the reading device selectively transmits the transaction information to the transaction information database to verify the condition of the account. - View Dependent Claims (29, 30, 31, 32, 33)
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Specification