Tokenless electronic transaction system

• US 20060029261A1
• Filed: 10/07/2005
• Published: 02/09/2006
• Est. Priority Date: 11/28/1994
• Status: Active Grant

• Current Assignee: YT Acquisition Corp.
• Original Assignee: Jonathan Alexander Lee, Jr., David Ferrin Pare, Ned Hoffman
• Inventors: Hoffman, Ned, Lee, Jonathan Alexander, Pare, David Ferrin Jr.
• Granted Patent: US 7,248,719 B2
• Time in Patent Office: Days
• US Class Current: 382/115
• CPC Class Codes: G06Q 20/12 specially adapted for electronic shopping systems
• CPC Class Codes: G06Q 20/40 Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
• CPC Class Codes: G06Q 20/401 Transaction verification
• CPC Class Codes: G06Q 20/4014 Identity check for transactions
• CPC Class Codes: G07C 9/37 using biometric data, e.g. fingerprints, iris scans or voice recognition
• CPC Class Codes: G07C 9/38 with central registration
• CPC Class Codes: H04L 2209/56 Financial cryptography, e.g. electronic payment or e-cash
• CPC Class Codes: H04L 63/0861 using biometrical features, e.g. fingerprint, retina-scan cryptographic mechanisms or cryptographic arrangements for entity authentication using biological data H04L9/3231
• CPC Class Codes: H04L 9/3226 using a predetermined code, e.g. password, passphrase or PIN network architectures or network communication protocols for supporting authentication of entities using passwords in a packet data network H04L63/083
• CPC Class Codes: H04L 9/3231 Biological data, e.g. fingerprint, voice or retina network architectures or network communication protocols for supporting authentication of entities using biometrical features in a packet data network H04L63/0861

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.

Claims

1. (canceled)

2. A voluntary tokenless identification computer system for determining an individual'"'"'s identity from an examination of at least one bid biometric sample and a bid personal identification code gathered during a bid step, and comparison with previously recorded registration biometric samples and registration personal identification codes gathered during a registration step, said system comprising:

a. at least one computer;

b. first gathering means for voluntary input of at least one registration biometric sample and a registration personal identification code from an individual during the registration step;

c. second gathering means for voluntary input of at least one bid biometric sample and bid personal identification code, from an individual during a bid step;

d. first interconnecting means for interconnecting said first and second gathering means to said computer for transmitting the gathered biometric samples and personal identification codes from said first and second gathering means to said computer;

e. means for storing a plurality of registration biometric samples;

f. means for associating a subset of the stored registration biometric samples with a registration personal identification code;

g. means for comparison of a bid biometric sample with the registration biometric samples associated with the registration personal identification code corresponding to the bid personal identification code, for producing an evaluation of the individual'"'"'s identity; and

h. execution means within said computer for storage of data and processing and execution of commands for producing a determination.

3. A voluntary tokenless identification computer system for determining an individual'"'"'s identity from an examination of at least one bid biometric sample gathered during a bid step, and comparison with previously recorded registration biometric samples gathered during a registration step, said system comprising:

a. at least one computer;

b. first gathering means for voluntary input of at least one registration biometric sample from an individual during the registration step;

c. second gathering means for voluntary input of at least one bid biometric sample, from an individual during a bid step;

d. first interconnecting means for interconnecting said first and second gathering means to said computer for transmitting the gathered biometric samples from said first and second gathering means to said computer;

e. means for storing a plurality of registration biometric samples;

f. means for associating a subset of the stored registration biometric samples with a registration personal identification code;

g. means for comparison of a bid biometric sample with the registration biometric samples, for producing an evaluation of the individual'"'"'s identity; and

h. execution means within said computer for storage of data and processing and execution of commands for producing a determination.