Remote Transaction Authentication via Video and Digital Pen
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Solution Overview
Problem
Current financial transactions and legal agreements often require in-person signatures, leading to inefficiencies and increased costs due to the need for authentication and non-repudiation, especially when parties are in different locations, and existing digital solutions lack robust authentication and personal interaction.
Innovation Solution
A system and method that enables remote transactions through video conferencing and digital pen technology, allowing for secure authentication and non-repudiation by capturing and transmitting handwritten signatures, along with audio-visual records, to create an authentication file that verifies the identity and intent of parties involved.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If in-person signatures are required for transactions, then authentication and non-repudiation are ensured, but efficiency and cost increase due to the need for physical presence and travel
Solution Approach 1:
The patent captures a likeness or image of the signatory's handwriting through electronic means (camera, scanner, or digital input device) and transmits this copy to the remote party. This copying approach maintains the authenticity and non-repudiation value of handwritten signatures while eliminating the need for physical presence, thereby resolving the contradiction between reliability and productivity.
2Reliability
If in-person signatures are required for transactions, then non-repudiation is achieved, but time and cost increase due to travel and physical meeting requirements
Solution Approach 1:
The patent replaces the mechanical system of physical signature collection (requiring face-to-face interaction, paper handling, and physical transport) with an electronic system that captures, transmits, and stores handwriting images digitally. This substitution eliminates travel time and physical meeting requirements while maintaining non-repudiation through electronic authentication and audit trails.
3Productivity
If digital signatures are used for remote transactions, then efficiency and speed improve, but authentication robustness and non-repudiation are compromised
Solution Approach 1:
The patent captures the unique characteristics of the signatory's handwriting through electronic copying methods (camera imaging, scanner digitization, or direct digital input) and transmits this copy with authentication data. The captured handwriting image serves as a reliable identifier that maintains authentication robustness while enabling remote execution, thus preserving both transaction speed and security.
Solution Approach 2:
The patent implements an authentication system that verifies the captured handwriting against stored reference samples or authentication protocols before accepting the signature. This feedback mechanism ensures that only genuine handwriting is accepted, maintaining authentication robustness while enabling remote transactions and preserving transaction speed.
4Measurement precision
If physical signature collection is required, then authentication accuracy is maintained, but device complexity and operational requirements increase
Solution Approach 1:
The patent replaces complex physical signature collection systems (requiring secure physical handling, in-person verification, and manual storage) with electronic capture and transmission systems. The electronic system uses standard imaging or digital input devices to capture handwriting with sufficient accuracy for authentication, while simplifying storage and verification through digital means.
Data Source
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AI summary
A system, method and computer program for enabling transactions on a remote basis is provided. The method of the present invention comprises the steps of: (1) providing a first computer at a location of a customer, and providing a second computer at a location of a financial institution, the first computer and the second computer being linked so as to provide a two-way audiovisual communication system; (2) providing an authentication request at the second computer and communicating the request to the first computer; (3) the customer reviewing the request and providing a signature or other writing as an input to an input device connected to the first computer; (5) transmitting the signature from the first computer to the second computer; (6) receiving the signature and providing the signature to a plotting device connected to the second computer; and (7) applying the signature to a transactional document, wherein the audiovisual information received by the second computer and the signature received by the second computer in combination provide a means of transaction authentication and non-repudiation.