Systems and methods for performing secure commercial transactions

Abstract

Systems, apparatuses, and methods are provided for performing secure commercial transactions. The commercial transactions may be, for example, pre-pay pickup transactions, direct pay transactions, and transfer transactions. An identity of a user that initiates a commercial transaction may be verified based on biometric data. The biometric data may, for example, be representative of an image of at least a portion of a face of an individual, an image of an iris of an individual, at least a portion of a fingerprint of an individual, a temperature signature of an individual, a heartbeat signature of an individual, an odor characteristic of an individual, or a voice characteristic of an individual. The application can be utilized in commercial environments, getting rid of the traditional way to do transactions providing direct interaction between the merchant and the issuer of funds as well as allow an individual to engage as a buyer or seller position within a single profile, representative of an individual or business profile within a marketplace social community.

Description

CROSS REFERENCE TO RELATED APPLICATIONS[0001]This application is a continuation of U.S. patent application Ser. No. 14 / 706,655, filed May 7, 2015, which claims the benefit of priority, under 35 U.S.C. § 119(b), of U.S. Provisional patent No. 62 / 003,474, filed May 27, 2014, entitled “Multiple Payment Social Mobile Wallet”, the disclosure of the prior applications are incorporated in their entirety herein by reference.BACKGROUND[0002]Commercial transactions, such as buying products at retail establishments, buying products via internet sites, and transferring funds from one account to another account, are often performed via a credit card, a debit card, or an electronic means. Cash transactions are becoming less frequent.[0003]Use of stolen credit cards and other forms of fraudulent transactions are becoming common place. At most, an identity of an individual initiating a commercial transaction is verified by use of an identification, such as a driver's license, comparison of an indiv...

AI Technical Summary

Benefits of technology

This solution provides real-time secure commercial transactions by verifying user identities through biometric data, reducing the risk of fraudulent activities and ensuring that only authorized individuals can initiate transactions, thereby enhancing transaction security.

Problems solved by technology

Even more problematic is that merchants rarely, if ever, know individuals initiating commercial transactions.

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