ELECTRONIC TRANSACTION VERIFICATION SYSTEM WITH BIOMETRIC AUTHENTICATION

• US 20110000961A1
• Filed: 07/02/2009
• Published: 01/06/2011
• Est. Priority Date: 07/02/2009
• Status: Active Grant

• Current Assignee: Biometric Payment Solutions LLP
• Original Assignee: Biometric Payment Solutions LLP
• Inventors: McNeal, Joan Tibor
• Granted Patent: US 8,485,442 B2
• Time in Patent Office: Days
• US Class Current: 235/382
• CPC Class Codes: G06Q 20/042 characterized in that the payment protocol involves at least one cheque
• CPC Class Codes: G06Q 20/206 comprising security or operator identification provisions, e.g. password entry
• CPC Class Codes: G06Q 20/34 using cards, e.g. integrated circuit [IC] cards or magnetic cards
• CPC Class Codes: G06Q 20/3674 involving authentication
• CPC Class Codes: G06Q 20/382 insuring higher security of transaction
• CPC Class Codes: G06Q 20/401 Transaction verification
• CPC Class Codes: G06Q 20/40145 Biometric identity checks

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 processing system, at which the central processing 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 transaction location. The electronic transaction verification system can be used in conjunction with a transaction processing system to determine if the transaction instrument presented for payment is associated with an account established for an authorized user.

Claims

1. A negotiable instrument system for use at a location where a negotiable instrument is presented by a receiving entity, the system comprising:

a negotiable instrument reader configured to read encoded negotiable instrument information from a negotiable instrument issued by an issuing entity;

a biometric data reader configured to generate biometric data from an individual representing the receiving entity; and

an electronic communication system configured to transmit at least the negotiable instrument information and the biometric data to a central processing system and receive information from the central processing system;

wherein the central processing system is configured to access one or more information stores, said one or more information stores including information associated with a plurality of negotiable instruments, said information previously provided by the,

said one or more information stores further including biometric information associated with a from a plurality of individuals, each of said plurality of individuals associated with the receiving entity,

wherein the electronic communication system is further configured to provide an indication as to whether the negotiable instrument should be accepted, said indication based on a comparison between the negotiable instrument information, the biometric data, and data from one or more information stores.

2. The system of claim 1, wherein the negotiable instrument is a check.

3. The system of claim 1, wherein the negotiable instrument is a cashier'"'"'s check, a money order, a traveller'"'"'s check or a food stamp.

4. The system of claim 1, wherein the negotiable instrument information comprises at least one of:

a check number, an account number, an ABA number, name of the individual, date of the check and amount of the check.

5. The system of claim 1, wherein the biometric scanner is a fingerprint scanner, a retinal scanner, an iris scanner or a face scanner.

6. The system of claim 1, wherein the negotiable instrument scanner and the biometric scanner are located remotely from the central processing system.

7. The system of claim 1, wherein the negotiable instrument scanner and the biometric scanner are local with the central processing system.

8. The system of claim 1, wherein said providing an indication is based on a comparison performed by the negotiable instrument system.

9. The system of claim 1, wherein said providing an indication is based on a comparison performed by the central processing system.

10. The system of claim 1, wherein said providing an indication is based on a comparison performed at a remote location.

11. A method of processing a negotiable instrument issued by an issuing entity and tendered by a receiving entity, the method comprising:

receiving encoded negotiable instrument information associated with the negotiable instrument tendered by a receiving entity, said encoded information obtained by a negotiable instrument reader;

receiving biometric information related to an individual associated with the receiving entity tendering the negotiable instrument, said biometric information obtained by a biometric information reader;

accessing information from one or more information stores, said one or more information stores accessible via a central processing system, wherein said one or more information stores include information associated with a plurality of negotiable instruments, said information previously provided by an issuing entity;

comparing the information obtained from the negotiable instrument and the biometric information with the accessed information; and

determining if the negotiable instrument should be accepted based on a result of the comparison;

wherein said one or more information stores further include biometric information associated with a plurality of individuals, each of said plurality of individuals associated with at least one receiving entity.

12. The method of claim 11, wherein the negotiable instrument is a check.

13. The method of claim 11, wherein the individual is the payee on the negotiable instrument.

14. The method of claim 12, wherein the negotiable instrument information is the check number on the check.

15. The method of claim 11, wherein obtaining biometric information comprises obtaining at least one fingerprint, a retinal scan, an iris scan or a face scan.

16. The method of claim 11, wherein the encoded negotiable instrument information is received in substantially real time.

17. The method of claim 11, wherein the biometric information is received in substantially real time.

18. The method of claim 11, wherein the individual is the receiving entity.

19. A method of processing a transaction at a location where a transaction token is presented by an individual, the method comprising:

obtaining encoded information from a transaction token tendered by an individual, said encoded information obtained using a device configured to read the token;

obtaining biometric information from the individual tendering the transaction token, said biometric information obtained using a biometric reader;

accessing one or more information stores to determine if any biometric information is associated with the transaction token; and

associating the biometric information from the individual with the transaction token in one or more information stores, if no biometric information is associated with the token.

20. The method of claim 19, further comprising comparing biometric information obtained at a subsequent time the transaction token is presented by the individual to biometric information previously associated with the transaction token.

21. The method of claim 20, wherein the biometric information is transmitted to a negative database in the central processing system, if the biometric information obtained the next time the transaction token is presented by the individual does not match the biometric information previously associated with the transaction token.

22. The method of claim 19, wherein the transaction token comprises a physical object that includes information representative of the individual'"'"'s account information.

23. The method of claim 22, wherein the transaction token comprises at least one of:

a negotiable instrument, a credit card, a debit card, a loyalty card, a decoupled debit card, a device enabled with radio frequency identification and food stamp.

24. A method of verifying a transaction with biometric authentications, the method comprising:

enrolling one or more users in a verification system, the enrolling process comprising;

receiving user information related to the one or more users, the user information including at least a biometric datum;

receiving transaction token information related to one or more transaction tokens issued to the one or more users by an issuing entity; and

storing said user information and transaction token information in one or more data stores accessible by a central processing system; and

processing a transaction token comprising;

receiving, encoded information related to a transaction token tendered by a user, said encoded information obtained by a transaction token reading device;

receiving, biometric data associated with the user tendering the transaction token, said biometric data obtained by a biometric reading device;

accessing said one or more data stores;

comparing the encoded information obtained from the transaction token and the biometric data obtained from the user with information stored in said one or more data stores;

determining if the transaction token should be accepted based on a result of the comparison; and

communicating to a system point of access, the result of the determination.

25. The method of claim 24, wherein the information related to a transaction token tendered by a user is received in substantially real time.

26. The method of claim 24, wherein the information associated with the user tendering the transaction token is received in substantially real time.

27. The method of claim 24, wherein the result of the determination is communicated to the system point of access in substantially real time.

28. The method of claim 24, wherein enrolling said one or more users is performed prior to processing the transaction token.

29. The method of claim 24, wherein the transaction token information is provided by the issuing entity every week.

30. The method of claim 24, wherein the transaction token information is provided by the issuing entity every two weeks.

31. The method of claim 24, wherein the transaction token information is provided by the issuing entity every month.

32. The method of claim 24, wherein the biometric information comprises a finger print, a retinal scan or a face scan.

33. The method of claim 24, wherein the transaction token comprises a physical object that includes information representative of the individual'"'"'s account information.

34. The method of claim 33, wherein the transaction token comprises at least one of:

a negotiable instrument, a credit card, a debit card, a loyalty card, a decoupled debit card, a device enabled with radio frequency identification, a smart card, a flash drive, a usb thumb drive, a usb pen drive, a usb pin drive and food stamp.

35. The method of claim 24, wherein the transaction token comprises a physical object that includes information representative of the issuing entity'"'"'s account information.

36. The method of claim 35, wherein the transaction token comprises at least one of:

a negotiable instrument, a credit card, a debit card, a loyalty card, a decoupled debit card, a device enabled with radio frequency identification, a smart card, a flash drive, a usb thumb drive, a usb pen drive, a usb pin drive and food stamp.