System and method for verifying user identity information in financial transactions

• US 20090313129A1
• Filed: 06/11/2008
• Published: 12/17/2009
• Est. Priority Date: 06/11/2008
• Status: Abandoned Application

• Current Assignee: SRR Patent Holdings LLC (Leigh M. Rothschild)
• Original Assignee: LMR Inventions, L.L.C. (Leigh M. Rothschild)
• Inventors: Rothschild, Leigh M.
• Application Number:
  US12/157,576
• Publication Number:
  US 20090313129A1
• Time in Patent Office: Days
• US Class Current: 705/17
• CPC Class Codes: G06Q 20/04 Payment circuits
• CPC Class Codes: G06Q 20/20 Point-of-sale [POS] network systems
• CPC Class Codes: G06Q 20/204 comprising interface for record bearing medium or carrier for electronic funds transfer or payment credit
• CPC Class Codes: G06Q 20/3825 Use of electronic signatures
• CPC Class Codes: G06Q 20/40145 Biometric identity checks
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes

Abstract

A system and method for verifying a user'"'"'s identity during a point-of-sale transaction are provided. The system and method provide for applying for, receiving and verifying a financial services provider card; providing a plurality of requested biometric identification data to a financial services provider; uploading the plurality of biometric identification data of a user requested by the financial services provider via a network connected computing device to a preselected website; storing the plurality of biometric identification data in a remote server coupled to the preselected website; and using the plurality of requested biometric identification data to execute a point-of-sale transaction, wherein a merchant can verify the financial services card with the biometric identification data provided by the remote server or provided by the user via a point-of-sale terminal.

Claims

1. A method for verifying the identity of a user of a financial services provider card, the method comprising:

applying for, receiving and verifying the financial services provider card;

providing a plurality of requested biometric identification data to a financial services provider;

uploading the plurality of biometric identification data of a user requested by the financial services provider via a network connected computing device to a preselected website;

storing the plurality of biometric identification data in a remote server coupled to the preselected website; and

using the plurality of requested biometric identification data to execute a point-of-sale transaction, wherein a merchant can verify the financial services card with the biometric identification data provided by the remote server or provided by the user via a point-of-sale terminal.

2. The method as in claim 1, wherein verifying the financial services card further comprises:

accessing a preselected identification verification website via the network connected computing device; and

verifying the user'"'"'s identity using a standard verification software to confirm the user'"'"'s identity as the true user of the financial services card.

3. The method as in claim 1, further comprising prompting the user to provide at least two biometric identification data to verify the point-of-sale transaction.

4. The method as in claim 1, further comprising prompting the user to provide a digital signature comparison to verify the point-of-sale transaction.

5. The method as in claim 1, further comprising prompting the user to provide a digital photographic comparison to verify the point-of-sale transaction.

6. The method as in claim 1, wherein the remote server further comprises a database wherein the remote server is configured to enter the biometric identification data into the database and access the biometric identification data based on an identity of the card.

7. The method as in claim 6, further comprising presenting the card to the point-of-sale terminal to be identified so as to access the remote server and access the biometric identification data in the database for an identified card.

8. A method for positively authenticating a user identity during a financial transaction conducted with a financial services provider card, the method comprising:

presenting the financial services provider card to a point-of-sale terminal to identify the card to the point-of-sale terminal and to a network connected remote server database;

uploading the card identity from the point-of-sale terminal to the network connected remote server database;

accessing at least one verified biometric data of the user from the remote server database based on the card identity;

transmitting the at least one verified biometric identification data from the database to the point-of-sale terminal through the network;

displaying the at least one verified biometric identification data at the point-of-sale terminal; and

validating the user identity of the financial services card.

9. The method as in claim 8, wherein the at least one biometric identification data includes a retinal scan, DNA biometrics, blood type, voice recording or a fingerprint scan.

10. The method as in claim 8, wherein the financial services card includes a bar code or a symbology configured to allow the point-of-sale terminal and the remote database to identify the card.

11. The method as in claim 8, wherein the financial services card includes a magnetic strip or a radio frequency identification information chip configured to allow the point-of-sale terminal and the remote database to identify the card.

12. The method as in claim 8, wherein the presenting step further includes reading the card identity from the card without user input.

13. The method as in claim 8, wherein the remote server is configured to transmit biometric identification data either automatically to the point-of-sale terminal or by specific request of the point-of-sale terminal.

14. The method as in claim 8, wherein the validating step further includes:

receiving at least one biometric data from the user; and

comparing the received at least one biometric data with the at least one verified biometric identification data.

15. The method as in claim 14, wherein the comparing step is a digital photographic image comparison or a digital signature comparison.

16. A system for using biometric identification data to positively identify a user of a financial services card, comprising:

a remote server including a database for storing biometric data associated with a financial service provider card, the card being cross associated with a card identity;

a network connected personal computing device configured for uploading biometric data associated with the card and for transmitting the biometric data associated with the card to the remote server;

a terminal configured for receiving biometric data from the user, establishing a card identity and for transmitting the information to the remote server; and

wherein the remote server is configured to verify the biometric data for the card for a transaction by retrieving a user'"'"'s biometric identification data record from the database, determining if the biometric identification data input into the terminal matches the biometric identification data retrieved from the database and sending a validation to the terminal if the biometric identification data entered into the terminal matches the biometric identification data retrieved from the database.

17. The system as in claim 16, wherein the financial services card contains a means for allowing the point-of-sale terminal and the remote data base to identify the card.

18. The system as in claim 16, wherein the financial services card contains a bar code or a unique symbology that allows the point-of-sale terminal and the remote data base to identify the card.

19. The system as in claim 16, wherein the financial services card contains a magnetic strip or a radio frequency identification information chip that allows the point-of-sale terminal and the remote data base to identify the card.

20. The system as in claim 16, wherein the point-of-sale terminal is configured to be presented with the financial services card to be identified so as to access the remote server database and access the biometric identification data in the database for an identified card.

21. The system as in claim 16, wherein the remote server is configured to transmit biometric identification data either automatically to the point-of-sale terminal or by specific request of the point-of-sale terminal.

22. A method for positively authenticating a user identity with an identification card, the method comprising:

presenting the identification card to a terminal to identify the card to the terminal and to a network connected remote server database;

uploading the card identity from the terminal to the network connected remote server database;

accessing at least one verified, pre-stored biometric data of the user from the remote server database based on the card identity;

transmitting the at least one verified, pre-stored biometric identification data from the database to the terminal through the network;

displaying the at least one verified, pre-stored biometric identification data at the terminal; and

validating the user identity.

23. The method as in claim 22, wherein the at least one verified, pre-stored biometric identification data includes a retinal scan, DNA biometrics, blood type, voice recording or a fingerprint scan.

24. The method as in claim 22, wherein the identification card includes a bar code or a symbology configured to allow the terminal and the remote database to identify the card.

25. The method as in claim 22, wherein the identification card includes a magnetic strip or a radio frequency identification information chip configured to allow the point-of-sale terminal and the remote database to identify the card.

26. The method as in claim 22, wherein the validating step further includes:

receiving at least one biometric data from the user; and

comparing the received at least one biometric data with the at least one verified, pre-stored biometric identification data.

27. The method as in claim 26, wherein the comparing step is a digital photographic image comparison or a digital signature comparison.

28. The method as in claim 26, wherein the comparison step is performed at the terminal.

29. The method as in claim 26, wherein the comparison step is performed at the remote server.