System and method for activating financial cards via biometric recognition

• US 7,389,269 B1
• Filed: 05/19/2004
• Issued: 06/17/2008
• Est. Priority Date: 05/19/2004
• Status: Expired due to Fees

• Current Assignee: Open Invention Network LLC
• Original Assignee: BioPay LLC (Valsef Group)
• Inventors: Robinson, Timothy L., Schildt, Bradford R., Goff, Tennille V., Corwin, Daniel J.
• Primary Examiner(s): ELISCA, PIERRE E
• Application Number:
  US10/848,354
• Time in Patent Office: 1,490 Days
• Field of Search: 705/50, 705/51, 713/176
• US Class Current: 705/50
• CPC Class Codes: G06Q 20/40145 Biometric identity checks
• CPC Class Codes: G07C 9/257 electronically G07C9/26 takes precedence

Abstract

The present invention is a system and method for activating financial cards via biometric authentication of an individual presenting the card for activation. Information from the financial card presented for activation is entered into the system and is stored in association with the card presenter'"'"'s biometric information. Financial card activation is enabled via the biometric system sending the entered financial card information and an authorization of the identity of the card presenter to the card provider for card activation.

Claims

1. A method for activating a financial token, the method comprising:

issuing an inactivated financial token to a token holder, said unactivated financial token being loaded with account information for said token holder, wherein said unactivated financial token in possession of said token holder is usable after an identity verification of said token holder is performed prior to activation of said unactivated financial token;

receiving financial token information from a token activation station at which said unactivated financial token is presented by said token holder;

receiving an indication of whether token holder biometric data taken at said token activation station matches registered token holder biometric data that is stored in a database; and

when said token hole'"'"'s biometric data does not match registered token holder biometric data, prompting said token holder to enroll in a biometric identity verifying system.

2. The method of claim 1, wherein said financial token information is taken from the financial token via an electronic read of the token.

3. The method of claim 1, wherein said biometric data is electronically pulled from a token.

4. The method of claim 1, further comprising storing said financial token information and said token holder biometric data as a user record in a database in a system for biometric identity verification.

5. The method of claim 1, wherein a system operator verifies one or more of said financial token information and token holder biometric data.

6. The method of claim 5, wherein said verification includes said system operator presenting one or more of system operator biometric data, a system operator identification code and a passcode.

7. The method of claim 1, further comprising:

sending an identification code from said token activation station to a database;

receiving from the database registered token holder biometric data associated with a token holder identification code; and

determining whether the token holder biometric data matches the registered token holder biometric data.

8. The method of claim 1, further comprising:

sending said token holder biometric data and said financial token information to a database affiliated with a token provider; and

receiving notification from said database that token activation is approved.

9. The method of claim 8, wherein said token holder is notified that token activation is approved.

10. A method for activating a financial token at a point of sale, the method comprising:

receiving, at a point of sale, a financial transaction request from a token holder seeking to pay for said financial transaction using a financial token issued to said token holder, wherein said financial token is unactivated, wherein said financial transaction request includes financial transaction information, information from said financial token, and token holder biometric data;

determining whether said token holder biometric data matches registered biometric data stored in association with a user record of an individual identified by said information from said financial token;

if said determination indicates a match;

sending a verification of an identity of said token holder and said financial token information to a token provider;

receiving, from said token provider, confirmation of an activation of said financial token;

approving said financial transaction request upon receipt of said confirmation; and

processing fulfillment of said financial transaction request using said financial token; and

when said determination does not indicate a match, prompting the token holder to enroll in a biometric identity verifying system.

11. The method of claim 10, further comprising, if said determination does not indicate a match, storing said token holder biometric data and said financial token information in a system user record in a system database.

12. The method of claim 10, further comprising issuing said financial token to said token holder via mail.

13. The method of claim 10, wherein said financial token is a credit card.

14. The method of claim 10, wherein said determination occurs at said point of sale.

15. The method of claim 10, wherein said determination occurs at a system database.

16. A method for activating a financial token, comprising:

issuing an unactivated credit card to a user, said unactivated credit card having recorded thereon identifying information of said user and financial account information;

at an authorization station, retrieving user identifying information and financial account information from said unactivated credit card;

receiving biometric data from said user who presents said unactivated credit card to said authorization station; and

when said user'"'"'s biometric data does not match registered user biometric data, prompting the user to enroll in a biometric identity verifying system.

17. The method of claim 16, wherein said authorization station is at a point of sale.