System for secure online selling, buying and bill pay in an...

Details System for secure online selling, buying and bill pay in an... System for secure online selling, buying and bill pay in an...

2011-05-24

2011-05-24

Hewitt, II, Calvin L (Department: 3685)

Data processing: financial, business practice, management, or co

Business processing using cryptography

Secure transaction

C235S380000

Reexamination Certificate

active

07949609

ABSTRACT:
A method and system for biometric-secure online selling, buying and bill paying in electronic commerce and retail point-of-sale settings that also simplifies the checkout process and eliminates fraudulent transactions. The system relies on an exchange service provider (ESP) that hosts multiple servers: one implementing a web portal for secure online banking, auctions and other exchange opportunities, another being a biometric fingerprint device authenticating database, and yet another being a transaction traffic manager. Participating banks and supporting institutions distribute and activate Secure Individual Identity Devices (SIIDs) to registered users, each SIID being a portable biometric activated identification device that locally stores a fraction of the enrolled users fingerprint (minutia) along with an encrypted code that is used to verify and authenticate the user, eliminating the use of personal or financial information for this purpose. The SiiD becomes the user's own personal key for completing secure online transactions. The user simply plugs their SiiD into any USB-equipped device and scans their own fingerprint for each transaction. The encrypted codes are authenticated in the ESP database and the transaction is processed to the appropriate financial institutions.

REFERENCES:
patent: 5764789 (1998-06-01), Pare et al.
patent: 6464367 (2002-10-01), Ito et al.
patent: 6494367 (2002-12-01), Zacharias
patent: 7325724 (2008-02-01), Bonalle et al.
patent: 2004/0050930 (2004-03-01), Rowe
patent: 2006/0180674 (2006-08-01), Margalit et al.
patent: 2007/0131759 (2007-06-01), Cox et al.

Affiliated with

Also associated with

Rating

System for secure online selling, buying and bill pay in an... does not yet have a rating. At this time, there are no reviews or comments for this patent.

If you have personal experience with System for secure online selling, buying and bill pay in an..., we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and System for secure online selling, buying and bill pay in an... will most certainly appreciate the feedback.

Rate now

Comments { 0 }

Profile ID: LFUS-PAI-O-2670394