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| Summary / Description | This patent discusses about a system of using biometric to authorise electronic fund transfer with concepts such as an electronic identicator and the usage of biometric samples to tied to user account. The biometric samples of sender and recipient are also compared as part of the transaction for verification and authentication purposes. |
| Type of Prior Art | Issued Patents - US |
| Country | United States of America |
| Patent/Application # | 6192142 |
| Kind Code | United States (US) - Reexamination Certificate Firs... - B1 |
| Patentee Name | Smarttouch, Inc. |
| Relevant Pages, Columns, or Lines | All, especially the claims on |
| URL | http://patft.uspto.gov/netacgi/... |
| Filing Date | February 2, 1999 |
| Additional Information | Google Patents has the original document for viewing online and to be downloaded in PDF. http://www.google.com/patents/about?id=Hi0GAAAAEBAJ&dq=6192142 |
| Notes | Besides a few minutes differences in the transaction process and terminology, this patent is almost identical to the patent application. I think it is very obvious for someone working in this area to conceive of a biometric fund transfer system as describ |
Excerpt From the abstract:The invention provides a method and device for tokenless authorization of a stored value transaction between a payor and a payee using an electronic identicator and at least one payor bid biometric sample, said method comprising the steps of registering with the electronic identicator at least one payor registration biometric sample, and at least one payor stored value account. During a payee registration step, the payee registers a payee identification data with the electronic identicator. In a transaction formation step, an electronic financial transaction is formed between the payor and the payee, which includes payee bid identification data, a transaction amount, and at least one payor bid biometric sample. The bid biometric sample is obtained from the payor's person. In at least one transmission step, the payee bid identification data, the transaction amount, and payor bid biometric sample are electronically forwarded to the electronic identicator. Payor identification occurs when the electronic identicator compares the bid biometric sample with at least one registered biometric sample for producing either a successful or failed identification of the payor. Furthermore, the electronic identicator compares the payee's bid identification data with a payee's registered identification data for producing either a successful or failed identification of the payee. Upon successful identification of the payor and payee, a stored value transaction is authorized without the payor presenting any man-made tokens such as a stored value card, smartcards, or magnetic swipe cards to debit the payor stored value account. |
A money transfer system, comprising:
an input adapted to receive biometric samples;
a storage arrangement configured to store the biometric samples or derivatives thereof, and
a processor;
wherein the processor comprises instructions to:
use a first biometric sample to select a MTCN (money transfer control number) from a pool of predetermined MTCNs; and
link the first biometric sample to the MTCN.
| Relevance | Although different terminology is used and various implementation details are different, it is almost identical in the concept of utilising biometrics as a way to authenticate electronic fund transfer. |
The system of claim 1, wherein the biometric sample comprises a selection from the group consisting of: a voiceprint, a fingerprint, a retinal scan, and a DNA sample.
| Relevance | This patent discusses mostly in terms of fingerprint but it is not limited to that as the system and methods described can be applied universally across all biometrics. |
The system of claim 1, wherein the processor further comprises instructions to respond to a request to settle a transaction using the MTCN by receiving a second biometric sample and comparing the second biometric sample to the first biometric sample.
| Relevance | Although different terminology is used and various implementation details are different, it is almost identical in the concept of utilising biometrics as a way to authenticate electronic fund transfer. |
The system of claim 1, wherein the processor further comprises instructions to respond to a request to settle a transaction using the MTCN by receiving a second biometric sample and comparing the second biometric sample to the first biometric sample.
| Relevance | Although different terminology is used and various implementation details are different, it is almost identical in the concept of utilising biometrics as a way to authenticate electronic fund transfer. |
The system of claim 1, wherein the processor further comprises instructions to determine whether to provide the funds to the recipient by determining whether an amount of the funds exceeds a threshold amount of funds transferred for which compliance is required.
| Relevance | Almost identical to Claim 5 and 6 in this patent. |
A method of transferring funds from a sender to a recipient, comprising:
receiving a request to transfer the funds from the sender;
creating a transaction record having a transaction identifier;
providing the transaction identifier to the sender;
receiving the transaction identifier from a recipient;
obtaining a first biometric sample from the recipient;
using the biometric sample to select a MTCN (Money Transfer Control Number) from a pool of predetermined MTCNs;
associating the MTCN with the first biometric sample and the transaction record;
providing the MTCN to the recipient;
thereafter, receiving a request from the recipient to receive the funds;
obtaining the MTCN from the recipient;
obtaining a second biometric sample from the recipient;
using the MTCN and/or the second biometric sample to locate the transaction record;
comparing the second biometric sample to the first biometric sample; and
determining whether to provide the funds based on the comparison.
| Relevance | Although different terminology is used and various implementation details are different, it is almost identical in the concept of utilising biometrics as a way to authenticate electronic fund transfer. |
The method of claim 6, wherein the each biometric sample comprises a selection from the group consisting of: a voiceprint, a fingerprint, a retinal scan, and a DNA sample.
| Relevance | This patent discusses mostly in terms of fingerprint but it is not limited to that as the system and methods described can be applied universally across all biometrics. |
A method of transferring funds from a sender to a recipient, comprising:
receiving a request from the recipient to stage the transaction;
obtaining a first biometric sample from the recipient;
using the first biometric sample to select a transaction number from a pool of predetermined transaction numbers;
creating a transaction record having the transaction number and the first biometric sample associated therewith;
providing the transaction number to the recipient;
receiving a request from the sender to deposit the funds;
receiving the transaction number from the sender;
modifying the transaction record to indicate that the funds have been deposited;
thereafter, receiving a request from the recipient to receive the funds; and
using a second biometric sample, at least in part, to determine whether to provide the funds to the recipient.
| Relevance | Although different terminology is used and various implementation details are different, it is almost identical in the concept of utilising biometrics as a way to authenticate electronic fund transfer. |
The method of claim 10, wherein using a second biometric sample, at least in part, to determine whether to provide the funds to the recipient comprises:
receiving the transaction number from the recipient;
obtaining the second biometric sample from the recipient;
using the transaction number and/or the second biometric sample to locate the transaction record;
comparing the first biometric sample to the second biometric sample; and
based on the comparison, determining whether to issue a MTCN (Money Transfer Control Number).
| Relevance | Although different terminology is used and various implementation details are different, it is almost identical in the concept of utilising biometrics as a way to authenticate electronic fund transfer. |
The method of claim 10, wherein the biometric sample comprises a selection from the group consisting of: a voiceprint, a fingerprint, a retinal scan, and a DNA sample.
| Relevance | This patent discusses mostly in terms of fingerprint but it is not limited to that as the system and methods described can be applied universally across all biometrics. |
United States