WO2006031923A3 - Methods and systems for performing tokenless financial transactions over a transaction network using biometric data - Google Patents

Methods and systems for performing tokenless financial transactions over a transaction network using biometric data Download PDF

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Publication number
WO2006031923A3
WO2006031923A3 PCT/US2005/032816 US2005032816W WO2006031923A3 WO 2006031923 A3 WO2006031923 A3 WO 2006031923A3 US 2005032816 W US2005032816 W US 2005032816W WO 2006031923 A3 WO2006031923 A3 WO 2006031923A3
Authority
WO
WIPO (PCT)
Prior art keywords
customer
financial transactions
transaction network
tokenless
systems
Prior art date
Application number
PCT/US2005/032816
Other languages
French (fr)
Other versions
WO2006031923A2 (en
Inventor
Zev Zukerman
Original Assignee
Goldfinger Biometric Services
Zev Zukerman
Priority date (The priority date is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the date listed.)
Filing date
Publication date
Application filed by Goldfinger Biometric Services, Zev Zukerman filed Critical Goldfinger Biometric Services
Publication of WO2006031923A2 publication Critical patent/WO2006031923A2/en
Publication of WO2006031923A3 publication Critical patent/WO2006031923A3/en

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Classifications

    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/38—Payment protocols; Details thereof
    • G06Q20/385—Payment protocols; Details thereof using an alias or single-use codes
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/08—Payment architectures
    • G06Q20/10—Payment architectures specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/38—Payment protocols; Details thereof
    • G06Q20/40—Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/38—Payment protocols; Details thereof
    • G06Q20/40—Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
    • G06Q20/401—Transaction verification
    • G06Q20/4014—Identity check for transactions

Abstract

Systems and methods for performing tokenless financial transactions over a transaction network using biometric data. Financial transactions are completed without tokens, such as credit cards, debit cards, magnetic stripe cards, smart cards, RFID devices, and the like. A customer's identity is authenticated and the transaction is accepted by the customer using biometric information obtained at the point of sale from the customer by means of a point of sale terminal. In preferred embodiments, the customer's biometric information never leaves the point of sale terminal, but, rather, is authenticated over a transaction network in conjunction with a server that holds reference templates of the customer's biometric information, as well as account information. Transactions may be authorized directly by a participating financial institution or indirectly through payment networks such as Visa® and MasterCard®.
PCT/US2005/032816 2004-09-15 2005-09-15 Methods and systems for performing tokenless financial transactions over a transaction network using biometric data WO2006031923A2 (en)

Applications Claiming Priority (6)

Application Number Priority Date Filing Date Title
US61106904P 2004-09-15 2004-09-15
US60/611,069 2004-09-15
US95409504A 2004-09-28 2004-09-28
US10/954,095 2004-09-28
US11/227,733 US20060064380A1 (en) 2004-09-15 2005-09-14 Methods and systems for performing tokenless financial transactions over a transaction network using biometric data
US11/227,733 2005-09-14

Publications (2)

Publication Number Publication Date
WO2006031923A2 WO2006031923A2 (en) 2006-03-23
WO2006031923A3 true WO2006031923A3 (en) 2007-07-26

Family

ID=36060687

Family Applications (1)

Application Number Title Priority Date Filing Date
PCT/US2005/032816 WO2006031923A2 (en) 2004-09-15 2005-09-15 Methods and systems for performing tokenless financial transactions over a transaction network using biometric data

Country Status (2)

Country Link
US (1) US20060064380A1 (en)
WO (1) WO2006031923A2 (en)

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