Tokenless biometric electronic debit and credit transactions

  • US 6,269,348 B1
  • Filed: 01/29/1999
  • Issued: 07/31/2001
  • Est. Priority Date: 11/28/1994
  • Status: Expired due to Term
First Claim
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1. A method for tokenless authorization of an electronic payment between a payor and a payee using an electronic third party identicator and at least one payor bid biometric sample, said method comprising the steps of:

  • a. a payor registration step, wherein the payor registers with an electronic third party identicator at least one registration biometric sample, and at least one payor financial account;

    b. a payee registration step, wherein the payee registers a payee identification data with the electronic third party identicator;

    c. a transaction formation step, wherein an electronic financial transaction is formed between the payor and the payee, comprising payee bid identification data, a transaction amount, and at least one payor bid biometric sample, wherein the bid biometric sample is obtained from the payor'"'"'s person;

    d. at least one transmission step, wherein the payee bid identification data, the transaction amount, and payor bid biometric sample are electronically forwarded to the third party electronic identicator;

    e. a payor identification step, wherein the electronic third party identicator compares the bid biometric sample with at least one registered biometric sample for producing either a successful or failed identification of the payor;

    f. a payee identification step, wherein the electronic third party identicator compares the payee'"'"'s bid identification data with a payee'"'"'s registered identification data for producing either a successful or failed identification of the payee;

    g. wherein upon successful identification of the payor and payee, a biometric-based authorization of an electronic payment is authorized without the payor presenting any personalized man-made tokens to transfer funds from the payor'"'"'s financial account to the payee'"'"'s financial account.

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