Authenticated third-party check cashing

US8620812B2 · kind B2 · utility

Assignee

• FIRST DATA CORPORATION · US

Inventors

• Nicole Callahan · New York, US
• Mike Clouthier · Highlands Ranch, US
• Chris Cox · Palo Alto, US

Key dates

• Filing date: Dec 28, 2007
• Grant date: Dec 31, 2013
• Expiry date: Apr 4, 2028

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/00
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Tools for facilitating the process of providing presentation instrument redemption services, including without limitation tools that implement techniques for authenticating the identity of a check cashing customer through the use of biometric data that is derived from one or more biometric characteristics of the customer. The tools can be used to enroll the customer in a check cashing program, using biometric data as an authentication key. Thereafter, when the customer attempts to redeem a presentation instrument, the customer can provide the same biometric data, and the tools can authenticate the identity of the customer based one the biometric data. The tools can implement additional risk-prevention measures, such as risk-profiling routines, which can be used to estimate the risk of a fraudulent transaction, based on a variety of risk factors associated with the customer and/or the requested transaction.