BIOMETRIC BASED AUTHORIZATION SYSTEMS FOR ELECTRONIC FUND TRANSFERS
First Claim
1. A method comprising the steps of:
- recording a biometric characteristic of a transferor;
verifying an identity of the transferor using one or more pieces of verification information provided by the transferor;
comparing the recorded biometric characteristic to a database of previously registered persons to determine if the recorded biometric characteristic corresponds to a different person than the transferor; and
verifying the recorded biometric characteristic is unique based on the recorded biometric characteristic not corresponding to a different person than the transferor.
0 Assignments
0 Petitions
Accused Products
Abstract
A money transfer authorization method that includes the step of providing transferor biometric information to a party verification processor that verifies an identity of the transferor by comparing the transferor biometric information with previously registered biometric information from the transferor, where the transferor provides transfer identity information to receive the money. The method also includes confirming that the verified transferor has sufficient funds or credit for the money transfer, and providing transferee biometric identification to the party verification processor that verifies the transferee by comparing the transferee biometric information with previously registered biometric information from the transferee. The transferee has to provide transfer identity information before the money is given to the transferee.
-
Citations
20 Claims
-
1. A method comprising the steps of:
-
recording a biometric characteristic of a transferor; verifying an identity of the transferor using one or more pieces of verification information provided by the transferor; comparing the recorded biometric characteristic to a database of previously registered persons to determine if the recorded biometric characteristic corresponds to a different person than the transferor; and verifying the recorded biometric characteristic is unique based on the recorded biometric characteristic not corresponding to a different person than the transferor. - View Dependent Claims (3, 4, 5, 6, 7, 8)
-
-
2. A system comprising:
a party verification processor coupled to a database that stores biometric registration information provided by the transferor during a party registration process, wherein the party verification processor is configured to; record a biometric characteristic of a transferor; verify an identity of the transferor using one or more pieces of verification information provided by the transferor; compare the recorded biometric characteristic to a database of previously registered persons to determine if the recorded biometric characteristic corresponds to a different person than the transferor; and verify the recorded biometric characteristic is unique based on the recorded biometric characteristic not corresponding to a different person than the transferor. - View Dependent Claims (9, 10, 11, 12, 13, 14)
-
15. One non-transitory machine readable mediums having instructions stored thereon, the instructions executable by one or more processors to:
-
record a biometric characteristic of a transferor; verify an identity of the transferor using one or more pieces of verification information provided by the transferor; compare the recorded biometric characteristic to a database of previously registered persons to determine if the recorded biometric characteristic corresponds to a different person than the transferor; and verify the recorded biometric characteristic is unique based on the recorded biometric characteristic not corresponding to a different person than the transferor. - View Dependent Claims (16, 17, 18, 19, 20)
-
Specification