Tokenless biometric electronic debit and credit transactions
DCFirst Claim
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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Accused Products
Abstract
The invention satisfies these needs by providing a method and device 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. The method comprises 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 credit/debit account. The payee registers a payee identification data with the electronic third party identicator. 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, in a transaction formation step. The payee bid identification data, the transaction amount, and payor bid biometric sample are electronically forwarded to the third party electronic identicator. A comparator engine compares the bid biometric sample with at least one registered biometric sample for producing either a successful or failed identification of the payor. The comparator engine also 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. Once the device successfully identifies the payor and payee, a biometric-based authorization of an electronic payment is issued without the payor presenting any personalized man-made tokens such as magnetic swipe cards or smartcards to transfer funds from the payor'"'"'s financial credit/debit account to the payee'"'"'s financial account.
513 Citations
28 Claims
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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:
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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. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18)
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19. A tokenless electronic payment authorization system for transferring funds from a payor credit/debit account to a payee financial account, said system comprising:
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a. a computer data processing center further comprising data bases wherein the payor registers a registration biometric sample and the payee registers a payee identification data;
b. a party identification apparatus having a biometric sensor for input of a biometric sample;
c. communication lines for transmission of a registration and bid biometric sample obtained by the party identification apparatus from the payor'"'"'s person to the data processing center;
d. a comparator engine for comparing a bid biometric sample to at least one registration biometric sample, and comparing a bid payee identification data with at least one registration payee identification data; and
an execution module for authorizing transfer of a transaction amount from the payor credit/debit account to the payee financial account upon successful identification of the payor, wherein no man made memory devices, comprising the group of credit/debit cards, smart cards, and paper checks, is used by the payor to conduct the financial transaction. - View Dependent Claims (20, 21, 22, 23, 24, 25, 26, 27)
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28. A tokenless electronic payment authorization system for transferring funds from a payor credit/debit account to a payee financial account, said system comprising:
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a. at least one computer data processing center further comprising data bases wherein the payor registers a registration biometric sample and the payee registers a payee identification data;
b. a party identification apparatus having a biometric sensor for input of a biometric sample;
c. communication lines for transmission of a registration and bid biometric sample obtained by the party identification apparatus from the payor'"'"'s person to the data processing center;
d. a comparator engine for comparing a bid biometric sample to at least one registration biometric sample, and comparing a bid payee identification data with at least one registration payee identification data;
e. an account selector module, wherein after the payor has been successfully identified, the authorization system presents at least one credit/debit account which was registered by the payor with the authorization system for selection of one of the credit/debit accounts by the payor for debiting, and f. an execution module for authorizing transfer of a transaction amount from the payor selected credit/debit account to the payee financial account, wherein no man made memory devices, comprising the group of credit/debit cards, smart cards, and paper checks, is used by the payor to conduct the financial transaction.
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Specification