IDENTITY VERIFICATION SYSTEM FOR MONITORING AND AUTHORIZING TRANSACTIONS

• US 20100063888A1
• Filed: 07/30/2009
• Published: 03/11/2010
• Est. Priority Date: 12/15/2005
• Status: Abandoned Application

• Current Assignee: United Security Applications ID Incorporated
• Original Assignee: United Security Applications ID Incorporated
• Inventors: SAJKOWSKY, JAMES M.
• Application Number:
  US12/512,528
• Publication Number:
  US 20100063888A1
• Time in Patent Office: Days
• US Class Current: 705/17
• CPC Class Codes: G06Q 20/20 Point-of-sale [POS] network systems
• CPC Class Codes: G06Q 20/204 comprising interface for record bearing medium or carrier for electronic funds transfer or payment credit
• 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: G07C 2009/0092 for cargo, freight or shipping containers and applications therefore in general
• CPC Class Codes: G07C 9/00912 for safes, strong-rooms, vaults or the like
• CPC Class Codes: G07C 9/28 the pass enabling tracking or indicating presence
• CPC Class Codes: G07F 7/1008 Active credit-cards provided with means to personalise their use, e.g. with PIN-introduction/comparison system

Abstract

An identity verification system and method for monitoring transactions has a point of transaction input component configured for inputting information pertaining to the identity of a person involved in a transaction and for inputting a transaction amount. A biometric scanner is provided for scanning a unique and identifiable physical attribute of the person and thereupon generating scanned biometric data. A controller communicates with the point of transaction input component and the biometric scanner. A remote input component is provided for inputting financial data field parameters. A database communicates with the controller for storing reference biometric data. The controller is configured for comparing the scanned biometric data with the reference biometric data to determine if there is a substantial match and for comparing the transaction amount to the financial data field parameters to determine if the transaction amount meets the financial data field parameters for validating the transaction.

Claims

1. An identity verification system for monitoring transactions, the system comprising:

at least one point of transaction input component configured for inputting information pertaining to transaction amount and the identity of a person involved in a transaction;

at least one biometric scanner for scanning a unique and identifiable physical attribute of the person involved in the transaction and thereupon generating scanned biometric data;

at least one controller communicating with the at least one input component and the at least one biometric scanner;

at least one remote input component configured for inputting financial data field parameters pertaining to at least one financial instrument; and

at least one database communicating with the at least one controller and with the at least one remote input component for storing reference biometric data of the person whose identity is being used in the transaction and for storing financial data field parameters pertaining to the at least one financial instrument;

wherein the at least one controller is configured for comparing the scanned biometric data with the reference biometric data to determine if there is a substantial match, and for comparing the transaction amount to the financial data field parameters to determine if the transaction amount meets the financial data field parameters for validating the transaction.

2. An identity verification system as defined in claim 1, further comprising at least one display communicating with the at least one controller for showing information pertaining to the transaction.

3. An identity verification system as defined in claim 1, wherein the at least one point of transaction input component includes a keyboard.

4. An identity verification system as defined in claim 1, wherein the at least one point of transaction input component includes a credit/debit card scanner for entering information including the name of a credit/debit card holder.

5. An identity verification system as defined in claim 1, wherein the at least one controller is configured for generating an alert if there is not a substantial match between the reference biometric data and the scanned biometric data.

6. An identity verification system as defined in claim 5, wherein the at least one controller is configured for generating an alert if the transaction amount does not meets the financial data field parameters.

7. An identity verification system as defined in claim 2, wherein the at least one controller is configured for sending an alert to the at least one display if there is not a substantial match between the reference biometric data and the scanned biometric data.

8. An identity verification system as defined in claim 1, wherein the transaction amount is the amount of a check.

9. An identity verification system as defined in claim 1, wherein the transaction amount is a purchase total.

10. An identity verification system as defined in claim 8, wherein the at least one financial data field parameter is a checking account balance.

11. An identity verification system as defined in claim 9, wherein the at least one financial data field parameter is a credit card limit.

12. An identity verification system as defined in claim 1, wherein the at least one financial data field parameter is one of a checking account balance or a credit card limit.

13. A method of authenticating a transaction, comprising the steps of:

inputting financial data field parameters pertaining to at least one financial instrument;

inputting information pertaining to the purported identity of a person involved in a transaction;

inputting information pertaining to a transaction amount;

scanning a unique and identifiable physical attribute of the person involved in the transaction and thereupon generating scanned biometric data;

comparing the scanned biometric data with reference biometric data associated with the purported identity to determine if there is a substantial match for validating the transaction; and

comparing the transaction amount to the financial data field parameters to determine if the transaction amount meets the financial data field parameters for validating the transaction.

14. A method as defined in claim 13, further comprising the step of generating an alert if there is not a substantial match for validating the transaction.

15. A method as defined in claim 14, wherein the step of generating an alert includes sending a visual alert to a display.

16. A method as defined in claim 13, wherein the step of comparing includes retrieving the reference biometric data from a database.

17. A method as defined in claim 13, further comprising the step of completing the transaction if there is a substantial match for validating the transaction.

18. A method as defined in claim 13, further comprising the step of generating an alert if the transaction amount does not meet the financial data field parameters.

19. A method as defined in claim 13, wherein the financial data field parameters include at least one of a checking account balance or a credit card limit.