SYSTEM AND METHOD FOR VERIFYING USER IDENTITY INFORMATION IN FINANCIAL TRANSACTIONS

• US 20100325002A1
• Filed: 08/11/2010
• Published: 12/23/2010
• Est. Priority Date: 06/11/2008
• Status: Active Grant

• Current Assignee: Ariel Inventions, LLC
• Original Assignee: LMR Inventions, L.L.C. (Leigh M. Rothschild)
• Inventors: Rothschild, Leigh M.
• Granted Patent: US 8,799,088 B2
• Time in Patent Office: Days
• US Class Current: 705/18
• CPC Class Codes: G06Q 20/04 Payment circuits
• 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 20/3825 Use of electronic signatures
• CPC Class Codes: G06Q 20/40145 Biometric identity checks
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes

Abstract

A system and method for verifying a user'"'"'s identity during a point-of-sale transaction are provided. The system and method provide for applying for, receiving and verifying a financial services provider card; providing a plurality of requested biometric identification data to a financial services provider; uploading the plurality of biometric identification data of a user requested by the financial services provider via a network connected computing device to a preselected website; storing the plurality of biometric identification data in a remote server coupled to the preselected website; and using the plurality of requested biometric identification data to execute a point-of-sale transaction, wherein a merchant can verify the financial services card with the biometric identification data provided by the remote server or provided by the user via a point-of-sale terminal.

Claims

1. A method for verifying the identity of a user of a financial services provider card over a network, the method comprising:

providing a web site for verifying the identity of a user hosted by at least one server in communication with the network;

requesting, by the at least one server, a plurality of biometric identification data of a user of the financial services provider card;

uploading the plurality of biometric identification data of the user requested by the at least one server via a network connected computing device to the web site;

storing the plurality of biometric identification data in a database coupled to the at least one server; and

using the plurality of requested biometric identification data to execute a point-of-sale transaction, wherein a merchant can verify the financial services provider card by comparing the biometric identification data provided by the at least one server with biometric identification data provided by the user via a point-of-sale terminal.

2. The method as in claim 1, further comprising:

accessing a preselected identification verification web site via the network connected computing device; and

verifying the user'"'"'s identity using a standard verification software to confirm the user'"'"'s identity as the true user of the financial services card.

3. The method as in claim 1, wherein the requested plurality of biometric identification data includes a face image of the user.

4. The method as in claim 1, wherein the requested plurality of biometric identification data includes a fingerprint of the user.

5. The method as in claim 1, wherein the requested plurality of biometric identification data includes retina data of the user.

6. The method as in claim 1, wherein the requested plurality of biometric identification data includes iris data of the user.

7. The method as in claim 1, wherein the requested plurality of biometric identification data includes a hand geometry of the user.

8. The method as in claim 1, wherein the requested plurality of biometric identification data includes a signature of the user.

9. The method as in claim 1, wherein the requested plurality of biometric identification data includes a voice pattern of the user.

10. The method as in claim 1, wherein the requested plurality of biometric identification data includes a medical record of the user.

11. The method as in claim 1, further comprising prompting, by the point-of-sale terminal, the user to provide at least two biometric identification data to verify the point-of-sale transaction.

12. The method as in claim 1, further comprising prompting, by the point-of-sale terminal, the user to provide a digital signature comparison to verify the point-of-sale transaction.

13. The method as in claim 1, further comprising prompting, by the point-of-sale terminal, the user to provide a digital photographic comparison to verify the point-of-sale transaction.

14. The method as in claim 1, further comprising accessing, by the at least one server, the biometric identification data based on an identity of the card.

15. The method as in claim 14, further comprising presenting the card to the point-of-sale terminal to be identified so as to access the at least server and access the biometric identification data in the database for an identified card.

16. The method as in claim 1, further comprising verifying each of the uploaded plurality of biometric identification data of the user with an external database.

20. The system as in claim 1, wherein the terminal prompts the user to provide at least two biometric identification data to verify the transaction.

17. A system for using biometric identification data to positively identify a user of a financial services card, comprising:

a remote server configured for requesting at least one biometric identification data of a user associated with a financial services card, the card being cross associated with a card identity;

a network connected personal computing device configured for uploading the at least one biometric identification data of the user and for transmitting the at least one biometric data to be associated with the card to the remote server;

the remote server further configured for storing the uploaded at least one biometric identification data;

a terminal configured for reading the identity from the card, prompting the user to input the at least one biometric identification data and for transmitting the card identity and the inputted at least one biometric identification data to the remote server; and

wherein the remote server is configured to verify the biometric identification data for the card for a transaction by retrieving a user'"'"'s biometric identification data record from the database, determining if the biometric identification data input into the terminal matches the biometric identification data retrieved from the database and sending a validation to the terminal if the biometric identification data entered into the terminal matches the biometric identification data retrieved from the database.

18. The system as in claim 17, further comprising a second remote server configured for verifying the user'"'"'s identity to confirm the user'"'"'s identity as the true user of the financial services card.

19. The system as in claim 17, further comprising an external database for verifying each of the uploaded at least one biometric identification data of the user.