Patents in Biometric
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Title
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Tokenless Biometric Electronic Stored Value Transactions
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Abstract
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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 payer'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
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Inventors
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David Ferrin Pare, Jr., Ned Hoffman, Jonathan Alexander Lee
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Patent Number
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6192142
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International Classification
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Feb. 20,2001
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