Tokenless biometric electronic debit and credit transactions

US6662166B2 · kind B2 · utility

Assignee

• Indivos Corporation · US

Inventors

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

Key dates

• Filing date: Jun 11, 2001
• Grant date: Dec 9, 2003
• Expiry date: Jun 11, 2021

Classification

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

Abstract

A method and device for tokenless authorization of an electronic payment between a payor and a payee using an electronic identicator and at least one payor bid biometric sample. The method comprises a payor registration step, wherein the payor registers with an electronic identicator at least one registration biometric sample, and at least one payor credit/debit account. An electronic financial transaction is formed between the payor and the payee, comprising 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 payor bid biometric sample is electronically forwarded to the 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. Once the device successfully identifies the payor, the payor's previously registered credit/debit account data is retrieved and 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 pa…