ELECTRONIC TRANSACTION VERIFICATION SYSTEM

• US 20130002401A1
• Filed: 06/29/2012
• Published: 01/03/2013
• Est. Priority Date: 06/19/1998
• Status: Abandoned Application

• Current Assignee: Biometric Payment Solutions LLP
• Original Assignee: Biometric Payment Solutions LLP
• Inventors: Tibor, Joan
• Application Number:
  US13/538,749
• Publication Number:
  US 20130002401A1
• Time in Patent Office: Days
• US Class Current: 340/5.82
• CPC Class Codes: G06Q 20/04 Payment circuits
• CPC Class Codes: G06Q 20/042 characterized in that the payment protocol involves at least one cheque
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/206 comprising security or operator identification provisions, e.g. password entry
• CPC Class Codes: G06Q 20/26 Debit schemes, e.g. "pay now"
• CPC Class Codes: G06Q 20/382 insuring higher security of transaction
• 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 20/40145 Biometric identity checks
• CPC Class Codes: G06Q 20/4016 involving fraud or risk level assessment in transaction processing
• CPC Class Codes: G06V 40/12 Fingerprints or palmprints
• CPC Class Codes: G06V 40/30 Writer recognition; Reading and verifying signatures
• CPC Class Codes: G07C 9/37 using biometric data, e.g. fingerprints, iris scans or voice recognition
• CPC Class Codes: G07F 7/08 by coded identity card or credit card or other personal identification means without personal verification means G07F7/02
• CPC Class Codes: G07F 7/0813 Specific details related to card security
• CPC Class Codes: G07F 7/122 Online card verification
• 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 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 is described herein. The electronic verification system includes a biometric data device for recording and/or transmitting biometric data taken at a first location. The electronic system is adapted to determine if a transaction should be accepted or rejected based on the comparison result generated by comparing the biometric data and the information obtained from the transaction token obtained at the first location with information previously stored in one or more databases and transmit the decision to a second location.

Claims

1. An electronic system for processing a transaction, the electronic system comprising:

a biometric data device for obtaining biometric information from an individual at a first location;

one or more databases configured to store biometric information and information for a transaction instrument associated with the individual; and

one or more processors in communication with the one or more databases, the one or more processors configured to;

receive biometric information obtained from the individual;

receive information associated with a transaction instrument issued to the individual;

generate a first comparison result by comparing the obtained biometric information with a biometric information stored in the one or more databases;

generate a second comparison result by comparing the received transaction instrument information with transaction instrument information stored in the one or more databases and

transmit in real time a decision to accept or deny the transaction based on the first and second comparison results to a second location.

2. The system of claim 1, wherein the first location is remote from the second location.

3. The system of claim 1, wherein the transaction is an Internet based transaction.

4. The system of claim 1, wherein the transaction instrument is a token.

5. The system of claim 1, wherein the transaction instrument is a government benefit card.

6. The system of claim 1, wherein the transaction instrument is a smart card.

7. The system of claim 1, wherein the transaction instrument includes at least one of a debit card, a credit card, a check and a traveller'"'"'s check.

8. The system of claim 1, wherein the one or more databases and the one or more processors are located remote to the first location.

9. The system of claim 1, wherein the one or more databases and the one or more processors are located at the first location.

10. The system of claim 1, further comprising a transaction instrument reading device configured to read and obtain the transaction instrument information.

11. The system of claim 1, further comprising a signature scanning device to obtain a signature from the individual.

12. The system of claim 1, further comprising an identity document scanning device to obtain identity information of the individual from an identity document.

13. The system of claim 1, wherein the transaction instrument is associated with a financial account and the individual is the account holder.

14. The system of claim 1, wherein the transaction instrument is associated with a financial account and the individual is not the account holder.

15. An electronic verification system, the system comprising:

a biometric data device for obtaining biometric information from an individual at a first location;

one or more databases configured to store biometric information and information for a transaction instrument associated with the individual; and

one or more processors in communication with the one or more databases, the one or more processors configured to;

receive biometric information obtained from the individual;

receive information associated with a transaction instrument issued to the individual;

correlate the biometric information with the transaction instrument information;

generate a comparison result by comparing the received transaction instrument information and biometric information with transaction instrument information and biometric information stored in the one or more databases and

transmit in real time the comparison result to a second location.

16. The system of claim 15, wherein the first location is remote from the second location.

17. The system of claim 15, wherein the one or more databases and the one or more processors are located remote to the first location.

18. The system of claim 15, wherein the one or more databases and the one or more processors are located at the first location.

19. The system of claim 15, wherein the transaction instrument includes at least one of:

a token, a check, a credit card, a debit card, a smart card, a government benefit card and food stamps.