Tokenless biometric electronic check transactions
DCFirst Claim
1. A method for tokenless authorization of an electronic check 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 an electronic identicator at least one registration biometric sample, and at least one payor checking account data;
(b) a transaction formation step, wherein an electronic financial transaction is formed between the payor and the payee, comprising at least one payor bid biometric sample, wherein the bid biometric sample is obtained from the payor'"'"'s person;
(c) at least one transmission step, wherein the payor bid biometric sample is electronically forwarded to the electronic identicator;
(d) a payor identification step, wherein the electronic identicator compares the payor bid biometric sample with at least one registered biometric sample for producing either a successful or failed identification of the payor;
(e) an account retrieval step, wherein the payor'"'"'s previously registered checking account data is retrieved;
wherein upon successful identification of the payor, a biometric-based authorization of an electronic check is authorized using the payor'"'"'s previously registered checking account data without the payor presenting any personalized man-made tokens including paper checks and magnetic swipe cards to transfer funds from the payor'"'"'s checking account to a payee financial account.
15 Assignments
Litigations
0 Petitions
Accused Products
Abstract
A tokenless authorization of an electronic check between a payor and a payee using an electronic identicator and at least one payor bid biometric sample is described. The method comprises a payor registration step, wherein the payor registers with an electronic third party identicator at least one registration biometric sample, and at least one payor checking account data. An electronic financial transaction is formed between the payor and the payee, comprising at least one payor bid biometric sample, wherein the bid biometric sample is obtained from the payor'"'"'s person, in a transaction formation step. Preferably in one transmission step the payor bid biometric sample is electronically forwarded to the electronic identicator. A comparator engine or the identification module of 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. Once the electronic identicator successfully identifies the payor, the payor'"'"'s previously registered checking account data is retrieved, and a biometric-based authorization of an electronic check is authorized without the payor presenting any personalized man-made tokens such as paper checks or magnetic swipe cards.
-
Citations
37 Claims
-
1. A method for tokenless authorization of an electronic check 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 an electronic identicator at least one registration biometric sample, and at least one payor checking account data;
(b) a transaction formation step, wherein an electronic financial transaction is formed between the payor and the payee, comprising at least one payor bid biometric sample, wherein the bid biometric sample is obtained from the payor'"'"'s person;
(c) at least one transmission step, wherein the payor bid biometric sample is electronically forwarded to the electronic identicator;
(d) a payor identification step, wherein the electronic identicator compares the payor bid biometric sample with at least one registered biometric sample for producing either a successful or failed identification of the payor;
(e) an account retrieval step, wherein the payor'"'"'s previously registered checking account data is retrieved;
wherein upon successful identification of the payor, a biometric-based authorization of an electronic check is authorized using the payor'"'"'s previously registered checking account data without the payor presenting any personalized man-made tokens including paper checks and magnetic swipe cards to transfer funds from the payor'"'"'s checking account to a payee financial account. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22)
-
-
23. A tokenless electronic check authorization device for transferring funds from a payor checking account to a payee financial account, said device comprising:
-
(a) a computer data processing center further comprising data bases wherein the payor registers a registration biometric sample;
(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
(e) an execution module for authorizing transfer of a transaction amount from the payor checking account to a payee financial account upon successful identification of the payor, wherein no man made memory devices such as a credit/debit card, smartcard or a paper check is used by the payor to conduct the financial transaction. - View Dependent Claims (24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37)
-
Specification