Tokenless biometric electronic stored value transactions
DCFirst Claim
1. A method for tokenless biometric authorization of a stored value transaction between a payor and a payee using an electronic identicator and at least one payor bid biometric sample, said method comprising the steps of:
- a. a payor registration step, wherein the payor registers with the electronic identicator at least one registration biometric sample, and at least one payor stored value account;
b. a payee registration step, wherein the payee registers payee identification data with the electronic identicator;
c. a transaction formation step, wherein an electronic financial transaction is formed between the payor and the payee, comprising payee bid identification data, a transaction amount, and at least one payor bid biometric sample, wherein the bid biometric sample is obtained from the payor'"'"'s person;
d. at least one transmission step, wherein the payee bid identification data, the transaction amount, and payor bid biometric sample are electronically forwarded to the electronic identicator;
e. a payor identification step, wherein the electronic identicator compares the bid biometric sample with at least one registered biometric sample for producing either a successful or failed identification of the payor;
f. a payee identification step, wherein the electronic identicator compares the payee'"'"'s bid identification data with a payee'"'"'s registered identification data for producing either a successful or failed identification of the payee;
g. wherein upon successful identification of the payor and payee, a stored value transaction is authorized without the payor presenting a stored value card, smartcard, or magnetic swipe card to debit the payor stored value account.
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Abstract
The invention provides a method and device for tokenless authorization of a stored value transaction between a payor and a payee using an electronic identicator and at least one payor bid biometric sample, said method comprising the steps of registering with the electronic identicator at least one payor registration biometric sample, and at least one payor stored value account. During a payee registration step, the payee registers a payee identification data with the electronic identicator. In a transaction formation step, an electronic financial transaction is formed between the payor and the payee, which includes payee bid identification data, a transaction amount, and at least one payor bid biometric sample. The bid biometric sample is obtained from the payor'"'"'s person. In at least one transmission step, the payee bid identification data, the transaction amount, and payor bid biometric sample are electronically forwarded to the electronic identicator. Payor identification occurs when the electronic identicator compares the bid biometric sample with at least one registered biometric sample for producing either a successful or failed identification of the payor. Furthermore, the electronic identicator compares the payee'"'"'s bid identification data with a payee'"'"'s registered identification data for producing either a successful or failed identification of the payee. Upon successful identification of the payor and payee, a stored value transaction is authorized without the payor presenting any man-made tokens such as a stored value card, smartcards, or magnetic swipe cards to debit the payor stored value account.
262 Citations
19 Claims
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1. A method for tokenless biometric authorization of a stored value transaction between a payor and a payee using an electronic identicator and at least one payor bid biometric sample, said method comprising the steps of:
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a. a payor registration step, wherein the payor registers with the electronic identicator at least one registration biometric sample, and at least one payor stored value account;
b. a payee registration step, wherein the payee registers payee identification data with the electronic identicator;
c. a transaction formation step, wherein an electronic financial transaction is formed between the payor and the payee, comprising payee bid identification data, a transaction amount, and at least one payor bid biometric sample, wherein the bid biometric sample is obtained from the payor'"'"'s person;
d. at least one transmission step, wherein the payee bid identification data, the transaction amount, and payor bid biometric sample are electronically forwarded to the electronic identicator;
e. a payor identification step, wherein the electronic identicator compares the bid biometric sample with at least one registered biometric sample for producing either a successful or failed identification of the payor;
f. a payee identification step, wherein the electronic identicator compares the payee'"'"'s bid identification data with a payee'"'"'s registered identification data for producing either a successful or failed identification of the payee;
g. wherein upon successful identification of the payor and payee, a stored value transaction is authorized without the payor presenting a stored value card, smartcard, or magnetic swipe card to debit the payor stored value account. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12)
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13. A tokenless stored value transaction authorization device using biometrics for debiting funds from a payor stored value account, said device comprising:
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a. a computer data processing center further comprising data bases wherein the payor registers a registration biometric sample and the payee registers a payee identification data;
b. a party identification apparatus having a biometric sensor for input of a biometric sample;
c. communication lines for transmission of a registration and bid biometric sample obtained by the party identification apparatus from the payor'"'"'s person to the data processing center;
d. a comparator engine for comparing a bid biometric sample to at least one registration biometric sample, and comparing a bid payee identification data with at least one registration payee identification data; and
e. an execution module for authorizing debit of a transaction amount from the payor stored value account upon successful identification of the payor, wherein no stored value card, smartcard, or magnetic swipe card is used by the payor to authorize the debit of the stored value account. - View Dependent Claims (14, 15, 16, 17, 18, 19)
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Specification