Credit card fraud elimination system
Number of patents in Portfolio can not be more than 2000
United States of America Patent
Stats
-
N/A
Issued Date -
Dec 20, 2001
app pub date -
Aug 6, 2001
filing date -
Nov 12, 1997
priority date (Note) -
Abandoned
status (Latency Note)
Importance
Abstract
A method and apparatus for preventing credit card fraud by prohibiting the unauthorized use of a credit card through verification of the absolute identity of a credit card user. Account information is read from the credit card and the card holder's fingerprint is scanned and electronically encoded by a fingerprint scanner. The account information and the encoded fingerprint are then sent to a remotely disposed comparitor via a communication line. The comparitor compares the scanned fingerprint with the file record fingerprint of the authorized card holder and if the fingerprints match allows the transaction to take place. If the scanned fingerprint matches the file fingerprint, the system automatically allows the transaction to complete.
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