Patent ID: 7319987

Claim:
A method for tokenless authorization of commercial transactions between a user and a seller using a computer system, the method comprising the steps of: a. a user registration step, wherein the user registers with the computer system at least one registration biometric sample and at least one user financial account; b. a seller registration step, wherein the seller registers with the computer system at least one seller financial account; c. a proposal step, wherein the seller offers a proposed commercial transaction to the user, the proposed commercial transaction comprising price information; d. a transmission step, wherein the user's personal identification information comprising at least a bid biometric sample is forwarded to the computer system; e. a user identification step, wherein the computer system compares the bid biometric sample with registration biometric samples for producing either a successful or failed identification of the user; and f. a payment step, wherein a financial account of the user is debited and a financial account of the seller is credited, wherein a commercial transaction is conducted without the user having to use any smartcards or swipe cards.