AUTHENTICATED AND DISTRIBUTED TRANSACTION PROCESSING

• US 20070174186A1
• Filed: 09/18/2006
• Published: 07/26/2007
• Est. Priority Date: 03/18/2004
• Status: Abandoned Application

• Current Assignee: Sean Hokland
• Original Assignee: Sean Hokland
• Inventors: Hokland, Sean
• Application Number:
  US11/532,827
• Publication Number:
  US 20070174186A1
• Time in Patent Office: Days
• US Class Current: 705/39
• CPC Class Codes: G06Q 20/02 involving a neutral party, e.g. certification authority, notary or trusted third party [TTP]
• CPC Class Codes: G06Q 20/04 Payment circuits
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/305 using wired telephone networks
• 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 20/4014 Identity check for transactions
• CPC Class Codes: H04L 2463/102 applying security measure for e-commerce data processing systems or methods, specially adapted for e-commerce G06Q30/00
• 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

Abstract

An integrity network is used to authorize electronic transfer of funds between two entities such as a caller or user and a third party. The network is accessed by a user via an electronic device that is capable of transmitting voice, such as a telephone. The network uses voice recognition functions, and optionally other information to uniquely identify the user and hence guarantee the integrity of transactions. In one embodiment, a user'"'"'s phone number, a cellular phone serial number, or other code can be used as a security token. A person called via the network can further validate the identity of the user. Once validated, the user becomes a trusted member of the integrity network. Financial product can be provided to the trusted member with guarantees to the network of the identity of the trusted member.

Claims

1. A method of transferring funds between a user account and a third party account, the method comprising:

receiving a call from the user;

authenticating the user by use of voice biometrics;

initiating a call to the third party;

verifying the third party;

obtaining account information;

obtaining transaction information; and

sending the account information and transaction information to a financial network.

2. The method of claim 1 and further comprising pre-registering a user as a trusted member.

3. The method of claim 2 wherein pre-registering a user comprises obtaining a voice print and selected identification information.

4. The method of claim 1 wherein the method is implemented on a telephony switch.

5. The method of claim 1 wherein the account information comprises an account number.

6. The method of claim 1 wherein the transaction information comprises an amount of money to transfer between accounts.

7. The method of claim 1 wherein if the third party is pre-registered, verifying the third party by use of a voice print.

8. The method of claim 1 wherein if the third party is not pre-registered, obtaining a voice print and identification information from the third party.

9. The method of claim 1 wherein obtaining account information comprises obtaining a user account number from the user and obtaining a third party account number from the third party.

10. The method of claim 1 wherein initiating a call to the third party comprises receiving a phone number from the user.

11. The method of claim 1 wherein initiating a call to the third party comprises receiving an identifier, and looking up a phone number for the third party.

12. The method of claim 1 and further comprising authenticating the user by caller ID.

13. A method of facilitating a financial transaction between a user and a third party, the method comprising:

receiving a call from the user;

authenticating the user by use of voice biometrics;

initiating a call to the third party;

verifying the third party;

obtaining account information;

obtaining transaction information;

sending the account information and transaction information to a financial network;

receiving an indication of the status of the transaction; and

informing the user of such status.

14. The method of claim 13 wherein authenticating the user further comprises:

receiving a voice print of the user; and

checking a database for alias detection.

15. A method of transferring funds between a user account and a third party account, the method comprising:

receiving a call from the user;

authenticating the user by use of a voice print, content of the voice print, and stress levels in the voice print;

initiating a call to the third party;

verifying the third party;

obtaining account information;

obtaining transaction information; and

sending the account information and transaction information to a financial network.

16. A method of enrolling a user as a trusted member for transferring funds between an account of the user and a third party account, the method comprising:

obtaining a voice print of the user;

obtaining user identification information;

obtaining facts known by the user; and

storing the voice print, identification information and known facts on a computer readable media.

17. The method of claim 16 and further comprising obtaining and storing a telephone number, second party assertion of the user identity, and common business associates.

18. A system for transferring funds between a user account and a third party account, the system comprising:

a server coupled to a telephony switch that receives a phone call from a user and a voiceprint of the user;

an authorization database having stored biometrics and user information used by the server to authenticate the user based on the voiceprint;

a module that receives financial information from the user and generates a data structure representative of a financial transaction; and

a module the sends the data structure to a financial network for execution of the financial transaction.

19. The system of claim 18 and further comprising a module that notifies the user when the transaction is completed.

20. A device for transferring funds between a user account and a third party account, the device comprising:

means for receiving a call from the user;

means for authenticating the user by use of voice biometrics;

means for initiating a call to the third party;

means for verifying the third party;

means for obtaining account information;

means for obtaining transaction information; and

means for sending the account information and transaction information to a financial network.

21. A computer readable medium having instructions for causing a computer to execute a method of transferring funds between a user account and a third party account, the method comprising:

receiving a call from the user;

authenticating the user by use of voice biometrics;

initiating a call to the third party;

verifying the third party;

obtaining account information;

obtaining transaction information; and

sending the account information and transaction information to a financial network.