Fraud resistant biometric financial transaction system and method
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United States of America Patent
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Oct 2, 2012
Grant Date -
Jan 21, 2010
app pub date -
Oct 2, 2007
filing date -
Oct 2, 2006
priority date (Note) -
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Abstract
A method and system for authenticating financial transactions is disclosed wherein biometric data is acquired from a person and the probability of liveness of the person and probability of a match between the person or token and known biometric or token information are calculated, preferably according to a formula D=P(p)*(K+P(m)), wherein K is a number between 0.1 and 100, and authenticating if the value of D exceeds a predetermined value.
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