Patent ID: 7970678
Filing Date: 2011-06-28
Classification: G06Q,G07C,G16H

Abstract:
1. A system for a triangular transaction involving tokenless biometric authorization of a commercial transaction between a consumer and a merchant, comprising: sequentially using an electronic identicator, comprising at least one computer further comprising at least one database wherein the consumer registers at least one registration biometric sample taken directly from the consumer's person; an access device capable of establishing communications between the consumer and the merchant, and between the consumer and the electronic identicator, and further comprising biometric input means, said access device not being required to contain in memory any data that is personalized to the consumer; a transaction forwarding means, wherein the merchant forwards information regarding the commercial transaction to the electronic identicator; first communication means for enabling communications between the consumer and the merchant, including transmission of an access device identification code to the merchant; second communication means for enabling communications between the merchant and the electronic identicator, including transmission of transaction information between the merchant and the electronic identicator; an identification code forwarding means, wherein the merchant communicates to the electronic identicator the identification code associated with the access device that was previously communicated to the merchant; third communication means for enabling communications between the consumer and the electronic identicator, and capable of transmission of the access device identification code and a bid biometric sample obtained by the access device from the person of the consumer to the electronic identicator; a comparator engine for comparing a bid biometric sample to the at least one registration biometric sample; and an association means, wherein the identification code associated with the access device is used to associate the bid biometric sample comparison accomplished by the comparator engine with the information regarding the commercial transaction; an execution module for authorizing a transfer of a transaction amount from a financial account of the consumer to a financial account of the payor; a financial transaction authorization step, wherein the electronic identicator executes a financial transaction on behalf of the merchant; wherein a financial transaction is conducted without the consumer being required to possess any man-made tokens containing information in memory that is personalized to the consumer.