Patent attributes
A system and method for biometric-secure point-of-sale or online transactions and/or authentication and ID verification for restricted access that simplifies the checkout process and eliminates fraudulent transactions. The system employs a credit-card-sized device with integral fingerprint reader, on-board memory with pre-designated card number, infrared coder, power strip, plus at least one magnetic strip (encoded with designated financial account to be used for transactions, including routing number), one magnetic strip for personal medical and identification information and a bar code and photo ID for security. The card scanner is activated by an activation scan in which a subset of “minutia” are stored locally. To consummate a transaction (after registration), the user simply plugs their card scanner into a multi-function reader, and scans their own fingerprint. Upon authentication the card transmits the card/user ID to the reader as authentication of the transaction, the reader reads the encoded account numbers and routing information, offers a choice of account to charge to, verifies the total charge and completes the transaction. The process is fully secure.
