Patent ID: 6950810

Claim:
A tokenless electronic payment authorization device for transferring funds from a payor financial account to a payee financial account, said device comprising: a computer data processing center further comprising one or more data bases wherein the payor registers a registration biometric sample associated with at least one payor financial account identifier and the payee registers a payee identification data; a party identification apparatus (PIA) having a biometric sensor for input of a biometric sample; communication lines for transmission of a registration and bid biometric sample obtained by the party identification apparatus from the payor's person to the data processing center; a comparator engine for comparing a bid biometric sample to at least one registration biometric sample, and comparing a bid payee identification data with at least one registration payee identification data; and means coupled to the party identification apparatus for receiving a message containing the payor's financial account identifier(s) and transmitting an account index code identifying a payor financial account and a transaction amount from the PIA to a financial transaction processor to authorize a payment from the payor's financial account to the payee; the system being arranged so that the biometric sample is sent together with payee identification data to the comparator engine and the message containing the payor's financial account identifier(s) is sent from the computer data processing center to the PIA only if the bid and registration payee data match and if the bid and registration payor biometric samples match.