OVE, INC. (20240257133). PAYMENT SYSTEM USING CUSTOMER'S FINGERPRINTS simplified abstract
Contents
PAYMENT SYSTEM USING CUSTOMER'S FINGERPRINTS
Organization Name
Inventor(s)
Caio Di Colla Buchalla of San Francisco CA (US)
Anshul Bagai of Gautam Buddh Nagar (IN)
Daniel Michael Cafiero of Estero FL (US)
PAYMENT SYSTEM USING CUSTOMER'S FINGERPRINTS - A simplified explanation of the abstract
This abstract first appeared for US patent application 20240257133 titled 'PAYMENT SYSTEM USING CUSTOMER'S FINGERPRINTS
Simplified Explanation: Shoppers use a mobile app with fingerprint scanning technology to securely make purchases in-store and online.
Key Features and Innovation:
- Mobile app with fingerprint sensor for secure transactions
- Ability to store multiple payment methods in user profile
- Integration with merchants for seamless transactions
- Secure storage of fingerprint data on a server
Potential Applications: This technology can be used in retail, e-commerce, and other industries where secure payment methods are essential.
Problems Solved: This technology addresses the need for secure and convenient payment methods for shoppers, reducing the risk of fraud and identity theft.
Benefits:
- Enhanced security for transactions
- Convenient and quick payment process
- Seamless integration with existing payment systems
- Reduction in fraud and identity theft risks
Commercial Applications: The technology can be used by retailers, e-commerce platforms, and other businesses to provide a secure and convenient payment experience for customers.
Prior Art: Prior art related to this technology may include existing fingerprint scanning technologies in mobile devices and payment systems.
Frequently Updated Research: Research on biometric authentication methods and secure payment technologies may be relevant to this technology.
Questions about Fingerprint Scanning Technology: 1. How does fingerprint scanning technology enhance security in payment transactions? 2. What are the potential privacy concerns associated with storing fingerprint data for payment purposes?
By incorporating fingerprint scanning technology into a mobile app, this innovation provides a secure and convenient payment solution for shoppers, offering benefits such as enhanced security, convenience, and reduced fraud risks.
Original Abstract Submitted
shoppers install a software app on a mobile device and create a user profile. the shopper scans a fingerprint using a fingerprint sensor. scanned fingerprint data is wirelessly transmitted to the shopper's mobile device for re-transmission over the internet for storage in a secured server. the shopper can add payment methods (credit cards, debit cards, etc.) to the user's profile. participating merchants registered with the payment system provide a fingerprint sensor at the point of sale. a shopper transacts purchases at a merchant's location by placing a finger on the fingerprint sensor. scanned fingerprint data is transmitted over the internet to confirm the identity of the shopper, and to complete the transaction. a shopper makes purchases online using the installed software app. participating merchants integrate apis with existing e-commerce platforms, allowing merchants to charge and/or request access to user payment accounts.
