Financial transaction system

• US 7,823,766 B1
• Filed: 09/30/2005
• Issued: 11/02/2010
• Est. Priority Date: 09/30/2005
• Status: Expired due to Fees

• Current Assignee: Advanced Silicon Technologies LLC
• Original Assignee: Advanced Micro Devices, Inc.
• Inventors: Dittmer, Charles H.
• Primary Examiner(s): FRANKLIN, JAMARA ALZAIDA
• Application Number:
  US11/239,923
• Time in Patent Office: 1,859 Days
• Field of Search: 235/375, 235/380, 235/382
• US Class Current: 235/375
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/20 Point-of-sale [POS] network systems
• CPC Class Codes: G06Q 20/32 using wireless devices
• CPC Class Codes: G06Q 20/341 Active cards, i.e. cards including their own processing means, e.g. including an IC or chip
• 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: G07F 7/088 the card reader being part of the point of sale [POS] terminal or electronic cash register [ECR] itself

Abstract

A system and method for conducting a financial transaction is disclosed. The system includes a first memory location embedded in a personal portable device. The first memory location stores a plurality of personal financial data files associated with a user. The system also includes a second memory location to store biometric information and a first input interface to receive authentication information after initiation of a purchase transaction session. The system also includes a security module including an input coupled to the first interface to authenticate the authentication information based on the biometric information and an output interface comprising an input coupled to the first memory location and an output to provide personal financial data file information to a host device.

Claims

1. A method, comprising:

initiating at a host a purchase transaction session with a personal portable device;

transmitting from the host biometric information to the personal portable device, wherein the biometric information is associated with a first person;

receiving at the host information identifying a plurality of available data files associated with the first person from the personal portable device after transmitting the biometric information, wherein each available data file is associated with a corresponding financial account of the first person, each available data file comprising a plurality of account records;

requesting from the host one or more account records associated with a first data file of the plurality of available data files from the portable device; and

receiving at the host the one or more account records.

2. The method of claim 1, wherein the biometric information is transmitted to the personal portable device wirelessly.

3. The method of claim 2, further comprising:

detecting a wireless protocol supported by the personal portable device, and wherein transmitting the biometric information includes transmitting the biometric information according to the wireless protocol.

4. The method of claim 1, further comprising:

detecting the presence of the personal portable device.

5. The method of claim 4 wherein detecting the presence of the personal portable device comprises sending an activation signal to the personal portable device to transition the personal portable device from a low power mode to an active mode.

6. The method of claim 1, wherein each financial account is a credit card account, and the one or more account records includes a record having a first credit card number.

7. The method of claim 1, wherein the biometric information includes fingerprint information.

8. The method of claim 1, further comprising:

receiving at the host a record update request to be transmitted to the personal portable device based on the one or more account records; and

transmitting from the host the record update request to the personal portable device.

9. The method of claim 1, further comprising:

transmitting from the host a signal to the personal portable device terminating the purchase transaction session.

10. A method comprising:

receiving at a personal portable device a start signal to initiate a purchase transaction session;

receiving at the personal portable device biometric information associated with a first person;

transmitting from the personal portable device information identifying a plurality of available data files associated with the first person from the personal portable device after receiving the biometric information, wherein each available data file is associated with a corresponding financial account of the first person, each available data file comprising a plurality of account records;

receiving at the personal portable device a request for one or more account records associated with a first data file of the plurality of available data files from the host; and

transmitting from the personal portable device the one or more account records to the host.

11. The method of claim 10, wherein the one or more account records are encrypted.

12. The method of claim 10, further comprising:

authenticating the biometric information.

13. The method of claim 10, further comprising:

transitioning the personal portable device from a low power state to a normal power state in response to receiving the start signal.

14. The method of claim 10, further comprising:

authenticating the one or more account records based on one or more security criteria.

15. The method of claim 14, wherein the one or more security criteria are set by a user.

16. The method of claim 10, wherein each financial account is a credit card account and the one or more account records includes a record having a first credit card number.