IDENTITY VERIFICATION SYSTEM FOR MONITORING AND AUTHORIZING TRANSACTIONS
First Claim
1. An identity verification system for monitoring transactions, the system comprising:
- at least one point of transaction input component configured for inputting information pertaining to transaction amount and the identity of a person involved in a transaction;
at least one biometric scanner for scanning a unique and identifiable physical attribute of the person involved in the transaction and thereupon generating scanned biometric data;
at least one controller communicating with the at least one input component and the at least one biometric scanner;
at least one remote input component configured for inputting financial data field parameters pertaining to at least one financial instrument; and
at least one database communicating with the at least one controller and with the at least one remote input component for storing reference biometric data of the person whose identity is being used in the transaction and for storing financial data field parameters pertaining to the at least one financial instrument;
wherein the at least one controller is configured for comparing the scanned biometric data with the reference biometric data to determine if there is a substantial match, and for comparing the transaction amount to the financial data field parameters to determine if the transaction amount meets the financial data field parameters for validating the transaction.
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Accused Products
Abstract
An identity verification system and method for monitoring transactions has a point of transaction input component configured for inputting information pertaining to the identity of a person involved in a transaction and for inputting a transaction amount. A biometric scanner is provided for scanning a unique and identifiable physical attribute of the person and thereupon generating scanned biometric data. A controller communicates with the point of transaction input component and the biometric scanner. A remote input component is provided for inputting financial data field parameters. A database communicates with the controller for storing reference biometric data. The controller is configured for comparing the scanned biometric data with the reference biometric data to determine if there is a substantial match and for comparing the transaction amount to the financial data field parameters to determine if the transaction amount meets the financial data field parameters for validating the transaction.
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Citations
19 Claims
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1. An identity verification system for monitoring transactions, the system comprising:
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at least one point of transaction input component configured for inputting information pertaining to transaction amount and the identity of a person involved in a transaction; at least one biometric scanner for scanning a unique and identifiable physical attribute of the person involved in the transaction and thereupon generating scanned biometric data; at least one controller communicating with the at least one input component and the at least one biometric scanner; at least one remote input component configured for inputting financial data field parameters pertaining to at least one financial instrument; and at least one database communicating with the at least one controller and with the at least one remote input component for storing reference biometric data of the person whose identity is being used in the transaction and for storing financial data field parameters pertaining to the at least one financial instrument; wherein the at least one controller is configured for comparing the scanned biometric data with the reference biometric data to determine if there is a substantial match, and for comparing the transaction amount to the financial data field parameters to determine if the transaction amount meets the financial data field parameters for validating the transaction. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12)
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13. A method of authenticating a transaction, comprising the steps of:
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inputting financial data field parameters pertaining to at least one financial instrument; inputting information pertaining to the purported identity of a person involved in a transaction; inputting information pertaining to a transaction amount; scanning a unique and identifiable physical attribute of the person involved in the transaction and thereupon generating scanned biometric data; comparing the scanned biometric data with reference biometric data associated with the purported identity to determine if there is a substantial match for validating the transaction; and comparing the transaction amount to the financial data field parameters to determine if the transaction amount meets the financial data field parameters for validating the transaction. - View Dependent Claims (14, 15, 16, 17, 18, 19)
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Specification