Biometric based authorization systems for electronic fund transfers
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United States of America Patent
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Jan 10, 2017
Grant Date -
May 14, 2015
app pub date -
Sep 15, 2014
filing date -
Feb 10, 2006
priority date (Note) -
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status (Latency Note)
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Abstract
A money transfer authorization method that includes the step of providing transferor biometric information to a party verification processor that verifies an identity of the transferor by comparing the transferor biometric information with previously registered biometric information from the transferor, where the transferor provides transfer identity information to receive the money. The method also includes confirming that the verified transferor has sufficient funds or credit for the money transfer, and providing transferee biometric identification to the party verification processor that verifies the transferee by comparing the transferee biometric information with previously registered biometric information from the transferee. The transferee has to provide transfer identity information before the money is given to the transferee.
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