Title:
SYSTEM AND METHOD FOR SECURING FINANCIAL TRANSACTIONS
Document Type and Number:
WIPO Patent Application WO2005119607
Kind Code:
A3
Abstract:
A financial transaction system utilizes multi-factor authentication to secure financial transactions. The system comprises a portable transaction device (e.g. a wireless phone) which is used to program the magnetically or electronically reprogrammable stripe of a magnetic stripe card or the memory of a smart card. A single-use account number may be used to program the card. The device provides biometric authentication and secondary authentication using a secondary wireless device. The device and the programmed cards are used in various financial transactions.
Inventors:
SPITZER THOMAS N (US)
TADEPALLI PRABHAKAR (IN)
NARENDRA SIVA G (US)
TADEPALLI PRABHAKAR (IN)
NARENDRA SIVA G (US)
Application Number:
PCT/US2005/019988
Publication Date:
May 04, 2006
Filing Date:
June 03, 2005
Export Citation:
Assignee:
TYFONE INC (US)
SPITZER THOMAS N (US)
TADEPALLI PRABHAKAR (IN)
NARENDRA SIVA G (US)
SPITZER THOMAS N (US)
TADEPALLI PRABHAKAR (IN)
NARENDRA SIVA G (US)
International Classes:
G07F19/00; G06F1/00; G06F21/00; G06K5/00; G06K7/08; G06Q20/00; G07F7/10
Domestic Patent References:
| WO2003077473A1 | 2003-09-18 | |||
| WO2004012352A1 | 2004-02-05 |
Foreign References:
| US6016476A | 2000-01-18 | |||
| US20030220876A1 | 2003-11-27 | |||
| US20030080183A1 | 2003-05-01 | |||
| EP1291748A2 | 2003-03-12 | |||
| EP1178450A2 | 2002-02-06 | |||
| US20040077372A1 | 2004-04-22 |
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