Tokenless biometric electronic stored value transactions

US6192142A · kind A · utility

Assignee

• SMARTTOUCH, INC. · US

Inventors

• David Ferrin Pare, Jr. · Berkeley, US
• Ned Hoffman · Sebastopol, US
• Jonathan Alexander Lee · Berkeley, US

Key dates

• Filing date: Feb 2, 1999
• Grant date: Feb 20, 2001
• Expiry date: Feb 2, 2019

Classification

• Technology area (CPC H): Electricity
• CPC primary: H04L2463/102
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

The invention provides a method and device for tokenless authorization of a stored value transaction between a payor and a payee using an electronic identicator and at least one payor bid biometric sample, said method comprising the steps of registering with the electronic identicator at least one payor registration biometric sample, and at least one payor stored value account. During a payee registration step, the payee registers a payee identification data with the electronic identicator. In a transaction formation step, an electronic financial transaction is formed between the payor and the payee, which includes payee bid identification data, a transaction amount, and at least one payor bid biometric sample. The bid biometric sample is obtained from the payor's person. In at least one transmission step, the payee bid identification data, the transaction amount, and payor bid biometric sample are electronically forwarded to the electronic identicator. Payor identification occurs when the electronic identicator compares the bid biometric sample with at least one registered biometric sample for producing either a successful or failed identification of the payor. Furthermore, the el…