WO2014147602A1

WO2014147602A1 - Video player for monetary transactions

Info

Publication number: WO2014147602A1
Application number: PCT/IB2014/060417
Authority: WO
Inventors: Amit AMIT KUMAR JAIN
Original assignee: Amit Kumar Jain Amit
Priority date: 2013-03-19
Filing date: 2014-04-04
Publication date: 2014-09-25

Abstract

The present invention implements a method of using a video player for making monetary transactions comprising: capturing/recording, storing, processing, sending, receiving, tagging, playing/displaying videos or image data on a user electronic device; using said video player for making monetary transactions using said videos and related data and an associated service that processes, authenticates and performs monetary transactions making use of said videos; and identifying, processing and disabling said videos meant for making monetary transactions; capturing, processing and storing biometric information from said videos and sending said information along with said video as metadata to a server associated with said service.

Description

VIDEO PLAYER FOR MONETARY TRANSACTIONS

BACKGROUND

Technical Field

[001] The present invention relates to ta method of monetary transactions using video technology.

Description of the Related Art

[002] Earlier payment of bills were commonly received through paper by mail and to make a payment, the payment section on the bill was typically filled by hand and returned to the biller by mail. Nowadays, an alternative way for paying bills is via telephonic payments using credit card or other pre-arranged payment systems such as cash on delivery or online/internet based payment systems that allows us to make electronic payments online without any use of paper or cash. However, it is a tedious job to enter all the payment details, account details, credit/debit card details and carry out transactions. Moreover, a lot of online vendors do not save account details on first purchase and therefore, subsequent purchases require repetition of the process of entering personal and bank account details, credit/debit card details, which is a big friction and bottleneck in terms of user convenience when it comes to today's online monetary transactions system. Moreover, the current system does not provide ample protection in cases when an unauthorized malicious entity comes in possession of details like one's card number, name on card, expiry date, CW number, bank account passwords, etc., since no examination of the biological or anatomical features of the transaction requester is done for authenticity (biometric authentication). Hence, what is needed is an easy and efficient means of carrying out online transactions that do not require entering personal details, credit/debit card details, passwords, etc., every time a person wants to make an online transaction, reducing the latency in data transfer between users (both the one who is sending and the receiver) and providing better security and authentication methods that incorporate biometric authentication. Video has the potential to play a major role in achieving this since a single video has the potential to provide biometric data for authentication, carry/convey information, provide hassle free communication independent of text without the need for a person to remember passwords, PIN number, CW numbers, card numbers, etc. For video to achieve this, we need a video player that can not only function as a stand-alone video player, but also act as a terminal and medium for using videos to making monetary transactions. Hence what is required is a video player that can enable the use of video for achieving successful monetary transactions.

SUMMARY OF THE INVENTION

[ 003] The present invention implements a method of using a video player for making monetary transactions comprising: capturing'recording, storing, processing, sending, receiving, tagging, playing/displaying videos or image data on a user electronic device; using said video player for making monetary transactions using said videos and related data and an associated service that processes, authenticates and performs monetary transactions making use of said videos; and identifying, processing and disabling said videos meant for making monetary transactions; capturing, processing and storing biometric information from said videos and sending said information along with said video as metadata to a server associated with said service. Said biometric information is sent along with said video by said video player to said server wherein said server performs an authentication of said video and upon successful authentication, a notification of successful authentication is sent from said server to said user electronic device, and said video player displays the notification of said successful authentication on said user electronic device. In the case of an unsuccessful authentication, a notification of unsuccessful authentication is sent from said server to said user electronic device, and said video player displays the notification of said unsuccessful authentication on said user electronic device. Upon a successful transaction monetary transaction, a notification of successful monetary transaction is sent from said server to said user electronic device ,and said video player displays the notification of said successful monetary transaction on said user electronic device and in the case of an unsuccessful monetary transaction, a notification of unsuccessful monetary transaction is sent from said server to said user electronic device and said video player displays the notification of said unsuccessful monetary transaction on said user electronic device . Said biometric information comprises one of the following or a combination of the following (but not limited to) - voice print data implemented using voice printing technology, retina scan data to identify said user based on unique patterns on said person's retina and facial recognition data for identifying or verifying said user from a digital image or a video frame from said videos .

[004] Said video player can be integrated with other video players and the integration is achieved by means of adding/installing at least one of said video player's plug-in(s).

[005] Said server has at least one customer service representative being apprised with four different levels of authentication in at least one customer service representative terminal wherein a level of authentication is displayed using a bar. Said bar lights up in four colors wherein said bar glows in a first color to indicate that an authentication is fully affirmative, the bar glows in a second color to indicate that that an authentication level is medium, the bar glows in a third color to indicate that authentication level is low, and the bar glows in a fourth color to indicate that authentication has failed and said video is deemed to be fraud. In a case of medium level authentication, a security question is asked to said user and/or said user is asked to make a secondary confirmation. In of low-level authentication, said user is asked for a secondary video confirmation. A video deemed to be fraud is maintained in a database by said service.

BRIEF DESCRIPTION OF DRAWINGS

[006] Fig. 1 illustrates a block diagram that shows indication of various levels of authentication and the various actions taken accordingly.

[007] Fig. 2 illustrates a block diagram wherein user A sends a video to request a monetary transaction using the video player and user B replies to user A using the video player.

DETAILED DESCRIPTION

[008] The following detailed description contains specific details that are set forth to provide a comprehensive understanding of the present invention. Although the following detailed description contains many specifics for the purposes of illustration, anyone of ordinary skill in the art will appreciate that many variations and alterations to the following details are within the scope of the invention.

[009] The present invention can be implemented on any electronic device that has hardware components that support video recording, playing and sharing such as (but not limited to)~ computers (desktop, laptop, tablets) with web-camera, mobile phones with cameras, personal multimedia devices with camera, etc. [0010] The various electronic devices having hardware platforms on which the applications that implement the present invention run may use one or more processors with different instruction- sets, architectures, clock-speeds, etc. and memory that may include high speed random access memory and may include non-volatile memory such as one or more magnetic disk storage devices, flash memory devices and other kinds of solid state memory devices.

[001 1 ] The means of control and navigation that these devices use include (but not limited to) touchpads, touchscreens, mouse, gesture control, etc. Display means used by these hardware platforms may use LCD (liquid crystal display) technology, LED (light Emitting Diode) technology, CRT (Cathode ray tube) technology, or LPD (light emitting polymer) technology or any other display technologies. Various realizations of graphics display circuitry that implement a Graphics Processing Unit (GPU) are used to achieve video interface between user and these electronic devices.

[0012] Connectivity of these devices with networks such as the internet, an intranet and/or wireless network such as cellular telephone network, a wired or wireless local area network (LAN) and/or metropolitan area network (MAN) and/or WAN (wide area network) and other wireless communication is achieved by use of a plurality of communication standards, protocols and technologies like Global System for mobile communication (GSM), Enhanced Data GSM Environment (EDGE), wideband code division of multiple access (W-CDMA), DLNA, LTE (Long Term Evolution), code division of multiple access (CDMA), time division multiple access (TDMA), Bluetooth, Wireless Fidelity (Wi-Fi) and/or any other suitable communication protocol, including communication protocols not yet developed as of the filing date of this document.

[0013 ] Audio interface between a user and these devices is achieved by use of various realizations of audio circuitry. The present invention maybe implemented on applications that run on a single or variety of operating system platforms including but not limited to OS X, WINDOWS, UNIX, IOS, ANDROID, SYMBIAN, LINUX, or embedded operating systems such as VxWorks.

[00 4] The present invention maybe implemented various video formats including but not limited to MPEG-4, AVI, FLV, WMV, DiVX, MKV and VOB. The present invention may also be implemented to work with various web browsers including but not limited to Internet Explorer, Mozilla Firefox, Safari and Opera that access and handle various types of web pages constructed with various mark up languages such as HTML, HTML- 5, XHTML, XML, etc. and the associated CSS (cascading style sheet) files and java script files.

[ 0015] The present invention implements a method of using a video player for making monetary transactions comprising: capturing'recording, storing, processing, sending, receiving, tagging, playing/displaying videos or image data on a user electronic device. The method also involves using said video player for making monetary transactions using said videos and related data and an associated sendee that processes, authenticates and performs monetary transactions making use of said videos. Said service is a software application and/or service that facilitates making monetary transactions. Said related data comprises information regarding the video like length of the video, size of the video, ownership of the video, access rights, format of the video, source of the video, associated tags and other such metadata. The method also involves identifying, processing, and disabling said videos meant for making monetary transactions. Disabling of video is done after completion of a monetary transaction so that the video cannot be used to make any further unauthorized transactions. Said method also involves capturing, processing and storing biometric information from said videos and sending said information along with said video as metadata to a server associated with said service. Said biometric information comprises one of the following or a combination of the following (but not limited to) - voice print data implemented using voice printing technology, retina scan data to identify said user based on unique patterns on said person's retina and facial recognition data, for identifying or verifying said user from a digital image or a video frame from said videos. Said biometric information is sent along with said video by said video player to said server wherein said server performs an authentication of said video and upon successful authentication, a notification of successful authentication is sent from said server to said user electronic device, and said video player displays the notification of said successful authentication on said user electronic device, in the case of an unsuccessful authentication, a notification of unsuccessful authentication is sent from said server to said user electronic device, and said video player displays the notification of said unsuccessful authentication on said user electronic device. Authentication performed at the server comprises comparing a user's pre-existing data (stored and maintained in a database associated with said server) with the biometric data captured from the video that is sent to the server for requesting a monetary transaction. If the biometric data captured from said video and the user's pre-existing data are identical/match, then the server further proceeds to complete requested monetary transaction. If the biometric data captured from said video and the user's pre-existing data do not match, then authentication is deemed to be unsuccessful and the server does not process the request for monetary transaction any further. Upon a successful transaction monetary transaction, a notification of successful monetary transaction is sent from said server to said user electronic device, and said video player displays the notification of said successful monetary transaction on said user electronic device and in the case of an unsuccessful monetary transaction, a notification of unsuccessful monetary transaction is sent from said server to said user electronic device and said video player displays the notification of said unsuccessful monetary transaction on said user electronic device. A user uses said video player and interacts with said video player usmg the Graphical User Interface (GUI) provided by said video player. Said video player can be integrated with other video players and the integration is achieved by means of adding/installing at least one of said video player's plug-in(s). A plug-in (or plugin) is a set of software components that adds specific abilities to a larger software application. If supported, plug-ins enables customizing the functionality of an application. Said video's plug-in can be acquired from various sources like (but not limited to) websites, printed material and optical disks.

[0016] Said server has at least one customer service representative being apprised with four different levels of authentication in at least one customer service representative terminal wherein a level of authentication is displayed using a bar. Said customer service representative may be a human or an automated computerized software and/or hardware entity. Said bar lights up in four colors wherein said bar glows in a first color to indicate that an authentication is fully affirmative, the bar glows in a second color to indicate that that an authentication level is medium, the bar glows in a third color to indicate that authentication level is low, and the bar glows in a fourth color to indicate that authentication has failed and said video is deemed to be fraud. In a case of medium level authentication, a security question is asked to said user and/or said user is asked to make a secondary confirmation. In a case of low-level authentication, said user is asked for a secondary video confirmation. A video deemed to be fraud is maintained in a database by said service.

Claims

What is claimed is:

1. A method of using a video player for making monetary transactions comprising: capturing/recording, storing, processing, sending, receiving, tagging, playing/displaying videos or image data on a user electronic device; using said video player for making monetary transactions using said videos and related data and an associated service that processes, authenticates and performs monetary transactions making use of said videos; identifying, processing and disabling said videos meant for making monetary transactions; and capturing , processing and storing biometric information from said videos and sending said information along with said video as metadata to a server associated with said service.

2. The method according to claim 1, wherein said biometric information is sent along with said video by said video player to said server wherein said server performs an authentication of said video and upon successful authentication, a notification of successful authentication is sent from said server to said user electronic device, and said video player displays the notification of said successful authentication on said user electronic device.

3. The method according to claim 1, wherein said biometric information is sent along with said video by said video player to said server wherein said server performs an authentication of said video and upon unsuccessful authentication, a notification of unsuccessful authentication is sent from said server to said user electronic device, and said video player displays the notification of said unsuccessful authentication on said user electronic device.

4. The method according to claim 1, wherein integration of said video player with other video players is achieved by means of adding/installing at least one of said video player's plug-in(s).

5. The method according to claim 1, wherein said biometric information comprises voice print data implemented using voice printing technology.

6. The method according to claim 1, wherein said biometric information comprises retina scan data to identify said user based on unique patterns on said person's retina.

7. The method according to claim 1, wherein said biometric information comprises facial recognition data for identifying or verifying said user from a digital image or a video frame from said videos.

8. The method according to claim 1, wherein said server has at least one customer service representative being apprised with four different levels of authentication in at least one customer service representative terminal wherein a level of authentication is displayed using a bar.

9. The method according to claim 8, wherein said bar lights up in four colors wherein said bar glows in a first color to indicate that an authentication is fully affirmative, the bar glows in a second color to indicate that that an authentication level is medium, the bar glows in a third color to indicate that authentication level is low, and the bar glows in a fourth color to indicate that authentication has failed and said video is deemed to be fraud.

10. The method according to claim 9, wherein upon a medium level authentication, a security question is asked to said user and/or said user is asked to make a secondary confirmation.

11. The method according to claim 9, wherein upon a low level authentication, said user is asked for a secondary video confirmation.

12. The method according to claim 9, wherein said video deemed to be fraud is maintained in a database by said service.

13. The method according to claim 1, wherein upon successful transaction, a notification of successful monetary transaction is sent from said server to said user electronic device, and said video player displays the notification of said successful monetary transaction on said user electronic device. 4. The method according to claim 1, wherein upon unsuccessful transaction, a notification of unsuccessful monetary transaction is sent from said server to said user electronic device ,and said video player displays the notification of said unsuccessful monetary transaction on said user electronic device.