US Patent No: 6,985,608
Number of patents in Portfolio can not be more than 2000
Tokenless electronic transaction system
Stats
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Jan 10, 2006
Issued date -
Jul 14, 2003
filing date -
10/619,990
serial no -
In Force
status
Importance
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Abstract
The invention as described provides a method and system for tokenless authorization of commercial transactions between a buyer and a seller using a computer system. The method comprises the steps of registering a buyer, wherein the buyer registers with the computer system a PIN, at least one registration biometric sample, and at least one buyer financial account. The method also includes a seller registration step, wherein the seller registers with the computer system at least one seller financial account. In a proposal step, the seller offers a proposed commercial transaction to the buyer usually comprising price information. If the buyer accepts the seller's proposal, in an acceptance step, the buyer signals his/her acceptance by adding to the proposed commercial transaction the buyer's personal authentication information comprising a PIN and at least one bid biometric sample which is obtained from the buyer's person. In a transmission step, the bid biometric sample and PIN are forwarded to the computer system. The computer system compares the bid biometric sample with registration biometric samples for producing either a successful or failed identification of the buyer in a buyer identification step. Upon determination of sufficient resources, a financial account of the buyer is debited and a financial account of the seller is credited, in a payment step. Therefore, a commercial transaction is conducted without the buyer having to use any portable man-made memory devices such as smartcards or swipe cards.
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First Claim
Related Publications
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International Classification(s)
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Cited Art
| Patent Info | (Count) | # Cites | Year |
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| 5,054,089 Individual identification apparatus | 43 | 1989 | |
| 5,146,102 Fingerprint image input apparatus including a cylindrical lens | 101 | 1990 | |
| 5,180,901 IC card with individual authentication function | 208 | 1991 | |
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| 6,105,010 Biometric certifying authorities | 81 | 1997 | |
| 6,202,151 System and method for authenticating electronic transactions using biometric certificates | 177 | 1997 | |
| 6,310,966 Biometric certificates | 106 | 1998 | |
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| 5,230,025 Method and apparatus for capturing skin print images | 108 | 1990 | |
| 5,222,152 Portable fingerprint scanning apparatus for identification verification | 144 | 1991 | |
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| 5,109,427 Fingerprint recognition device using a hologram | 95 | 1990 | |
| 5,210,588 Fingerprint identification apparatus for enhancing identification performance by forming an illumination source and a light conducting panel in a single body | 76 | 1991 | |
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| 5,546,471 Ergonomic fingerprint reader apparatus | 142 | 1994 | |
| 6,028,950 Fingerprint controlled set-top box | 91 | 1999 | |
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| 4,998,279 Method and apparatus for personal verification utilizing nonpredictable codes and biocharacteristics | 169 | 1989 | |
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| 5,892,824 Signature capture/verification systems and methods | 170 | 1996 | |
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| 5,485,510 Secure credit/debit card authorization | 331 | 1994 | |
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| 5,412,738 Recognition system, particularly for recognising people | 119 | 1993 | |
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| 5,109,428 Minutia data extraction in fingerprint identification | 103 | 1989 | |
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| 5,335,288 Apparatus and method for biometric identification | 98 | 1992 | |
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| 5,276,314 Identity verification system resistant to compromise by observation of its use | 82 | 1992 | |
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| 4,837,422 Multi-user card system | 388 | 1987 | |
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| 5,210,797 Adaptive dictionary for a fingerprint recognizer | 56 | 1990 | |
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| 5,280,527 Biometric token for authorizing access to a host system | 294 | 1992 | |
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| 5,191,611 Method and apparatus for protecting material on storage media and for transferring material on storage media to various recipients | 399 | 1991 | |
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| 6,040,783 System and method for remote, wireless positive identity verification | 81 | 1997 | |
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| 4,961,142 Multi-issuer transaction device with individual identification verification plug-in application modules for each issuer | 425 | 1988 | |
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| 5,768,134 Method for making a perfected medical model on the basis of digital image information of a part of the body | 142 | 1996 | |
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| 5,241,606 Person identification apparatus | 50 | 1991 | |
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| 5,719,950 Biometric, personal authentication system | 241 | 1995 | |
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| 5,144,680 Individual identification recognition system | 100 | 1990 | |
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| 5,359,669 Remote retinal scan identifier | 87 | 1992 | |
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| 4,993,068 Unforgeable personal identification system | 707 | 1989 | |
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| 5,465,303 Automated fingerprint classification/identification system and method | 58 | 1993 | |
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| 4,821,118 Video image system for personal identification | 154 | 1986 | |
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| 5,095,194 Holographic credit card with automatical authentication and verification | 213 | 1989 | |
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| 5,351,303 Infra-red imaging and pattern recognition system | 75 | 1993 | |
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| 5,650,217 Tactile image enhancer | 21 | 1995 | |
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| 5,239,583 Method and apparatus for improved security using access codes | 76 | 1991 | |
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| 4,995,086 Arrangement and procedure for determining the authorization of individuals by verifying their fingerprints | 160 | 1988 | |
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| 5,745,555 System and method using personal identification numbers and associated prompts for controlling unauthorized use of a security device and unauthorized access to a resource | 143 | 1996 | |
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| 5,325,442 Fingerprint sensing device and recognition system having predetermined electrode activation | 229 | 1993 | |
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| 5,274,695 System for verifying the identity of a caller in a telecommunications network | 156 | 1991 | |
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| 4,926,480 Card-computer moderated systems | 301 | 1988 | |
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| 5,615,277 Tokenless security system for authorizing access to a secured computer system | 246 | 1994 | |
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| 5,036,461 Two-way authentication system between user's smart card and issuer-specific plug-in application modules in multi-issued transaction device | 230 | 1990 | |
| 5,229,764 Continuous biometric authentication matrix | 269 | 1991 | |
| 5,265,162 Portable pin card | 70 | 1991 | |
| 5,251,259 Personal identification system | 75 | 1992 | |
| 5,343,529 Transaction authentication using a centrally generated transaction identifier | 148 | 1993 | |
| 5,636,038 Apparatus for converting visual images into tactile representations for use by a person who is visually impaired | 39 | 1996 | |
Patent Citation Ranking
Maintenance Fees
| Fee | Large entity fee | small entity fee | micro entity fee | due date |
|---|---|---|---|---|
| 7.5 Year Payment | $3600.00 | $1800.00 | $900.00 | Jul 10, 2013 |
| 11.5 Year Payment | $7400.00 | $3700.00 | $1850.00 | Jul 10, 2017 |
| Fee | Large entity fee | small entity fee | micro entity fee |
|---|---|---|---|
| Surcharge - 7.5 year - Late payment within 6 months | $160.00 | $80.00 | $40.00 |
| Surcharge - 11.5 year - Late payment within 6 months | $160.00 | $80.00 | $40.00 |
| Surcharge after expiration - Late payment is unavoidable | $700.00 | $350.00 | $175.00 |
| Surcharge after expiration - Late payment is unintentional | $1,640.00 | $820.00 | $410.00 |