Information banking
First Claim
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1. A method comprising:
- initiating a financial transaction involving a person using a mobile device;
determining a selected method for authenticating the transaction based on a characteristic of the transaction, wherein the selected method is selected from a plurality of authentication methods, each utilizing a different type of information for authentication; and
receiving, by the mobile device, authentication information related to the person;
authenticating the person using the mobile device by verification of the authentication information, using the selected method,wherein if the person is authenticated, the transaction is completed using the mobile device, and if the person is not authenticated, the transaction is prevented.
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Abstract
A method for conducting a financial transaction can be used by a person using a mobile device to conduct the transaction. The mobile device receives information related to the person that can be used for authentication purposes, such as a PIN or biometric data. The mobile device then authenticates the person by verifying the information received. If the person is authenticated, the transaction is completed using the mobile device, and if the person is not authenticated, the transaction is prevented.
80 Citations
25 Claims
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1. A method comprising:
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initiating a financial transaction involving a person using a mobile device; determining a selected method for authenticating the transaction based on a characteristic of the transaction, wherein the selected method is selected from a plurality of authentication methods, each utilizing a different type of information for authentication; and receiving, by the mobile device, authentication information related to the person; authenticating the person using the mobile device by verification of the authentication information, using the selected method, wherein if the person is authenticated, the transaction is completed using the mobile device, and if the person is not authenticated, the transaction is prevented. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8)
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9. A mobile device comprising a processor configured for use in conducting a plurality of financial transactions related to the person using the mobile device, wherein, in performing each transaction, the processor is configured to cause the mobile device to perform:
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initiating a financial transaction involving a person using the mobile device; determining a selected method for authenticating the transaction based on a characteristic of the transaction, wherein the selected method is selected from a plurality of authentication methods, each utilizing a different type of information for authentication; and receiving, by the mobile device, authentication information related to the person; authenticating the person using the mobile device by verification of the authentication information, using the selected method, wherein if the person is authenticated, the transaction is completed using the mobile device, and if the person is not authenticated, the transaction is prevented.
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10. A computer-readable medium containing computer-executable instructions configured to cause a mobile device perform:
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initiating a financial transaction involving a person using the mobile device; determining a selected method for authenticating the transaction based on a characteristic of the transaction, wherein the selected method is selected from a plurality of authentication methods, each utilizing a different type of information for authentication; and receiving, by the mobile device, authentication information related to the person; authenticating the person using the mobile device by verification of the authentication information, using the selected method, wherein if the person is authenticated, the transaction is completed using the mobile device, and if the person is not authenticated, the transaction is prevented.
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11. A method comprising:
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initiating a financial transaction involving a person, using a mobile device; determining, based on a characteristic of the transaction, a necessary authentication level for the transaction within a hierarchy of authentication levels, wherein each authentication level within the hierarchy requires a different authentication method; receiving, at the mobile device, authentication information related to the person based on the necessary authentication level; and authenticating the person by verification of the authentication information, using the mobile device, using the authentication method required by the necessary authentication level, wherein if the person is authenticated, the transaction is completed, and if the person is not authenticated, the transaction is prevented. - View Dependent Claims (12, 13, 14, 15, 16)
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17. A mobile device comprising a processor configured for use in conducting a plurality of financial transactions related to the person using the mobile device, wherein, in performing each transaction, the processor is configured to cause the mobile device to perform:
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initiating a financial transaction involving a person; determining, based on a characteristic of the transaction, a necessary authentication level for the transaction within a hierarchy of authentication levels, wherein each authentication level requires a different authentication method; receiving authentication information related to the person based on the necessary authentication level; and authenticating the person by verification of the authentication information, using the authentication method required by the necessary authentication level, wherein if the person is authenticated, the transaction is completed, and if the person is not authenticated, the transaction is prevented.
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18. A computer-readable medium containing computer-executable instructions configured to cause a mobile device to perform:
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initiating a financial transaction involving a person; determining, based on a characteristic of the transaction, a necessary authentication level for the transaction within a hierarchy of authentication levels, wherein each authentication level requires a different authentication method; receiving authentication information related to the person based on the necessary authentication level; and authenticating the person by verification of the authentication information, using the authentication method required by the necessary authentication level, wherein if the person is authenticated, the transaction is completed, and if the person is not authenticated, the transaction is prevented.
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19. A mobile device comprising:
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a biometric sensor configured to read biometric information of a person; a processor configured to cause the mobile device to perform; receiving, at a point-of-sale, information regarding a financial transaction occurring at the point-of-sale; determining, based on a characteristic of the transaction, one or more types of biometric information which are necessary for authenticating the transaction; receiving, at the point-of-sale, biometric information of a person involved in the financial transaction, wherein the received biometric information corresponds to the one or more types of biometric information that are determined to be necessary; verifying, at the point-of-sale, the biometric information by comparing the biometric information with stored biometric information accessible to the processor; and transmitting a signal confirming the verification of the biometric information, wherein the transaction is prevented unless the biometric information is verified. - View Dependent Claims (20, 21, 22, 23, 24)
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25. A system comprising:
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a mobile device comprising a biometric sensor configured to read biometric information of a person and a processor configured to cause the mobile device to perform; receiving, at a point-of-sale, information regarding a financial transaction occurring at the point-of-sale; determining, based on a characteristic of the transaction, one or more types of biometric information which are necessary for authenticating the transaction; receiving, at the point-of-sale, biometric information of a person to the financial transaction, the received biometric information corresponding to the one or more types of biometric information that are determined to be necessary; verifying, at the point-of-sale, the biometric information by comparing the biometric information with stored biometric information accessible to the processor; and transmitting a signal confirming the verification of the biometric information, wherein the transaction is prevented unless the biometric information is verified; and a payment card, wherein the payment card cannot be used to complete a financial transaction without verification and recognition of the payment card by the mobile device.
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Specification