Method of using bioinformatics and geographic proximity to authenticate a user and transaction

A system for processing one or more payment transactions using a payment processing system, the system comprising:

• one or more processors;
• and
• one or more computer readable storage media embodying software that is configured when executed by one or more of the processors to:
• receive a push or pull request from a first device associated with a first user and adapted to communicate in a P2P network, wherein the push or pull request relates to a transaction with a second device associated with a second user and adapted to communicate in a P2P network;
• in response to the push or pull request, output a prompt on the first and second device requesting a biometric measurement;
• receive a first biometric measurement from the first device;
• receive a second biometric measurement from the second device;
• retrieve a first biometric parameter associated with the first user and a second biometric parameter associated the second user from one or more P2P transaction authentication databases, wherein the first and second biometric measurement are each a type selected from any one of:
• an EKG measurement, a fingerprint, iris scan, a voice pattern, gait, typing rhythm, and a facial pattern;
• compare the first biometric measurement with the first biometric parameter and compare the second biometric measurement with the second biometric parameter;
• periodically track a relative proximity between the first device and the second device, and updating the one or more P2P transaction authentication databases with the relative proximity, wherein the relative proximity between the first device and the second device is determined via a Bluetooth or Near-Field Communication connection between the first device and the second device;
• and
• responsive to determining that the first biometric measurement identifies the first user, determining that the second biometric measurement identifies the second user, and determining that the first device and second device are within a predetermined relative proximity, effect the transaction based on the push or pull request.

A payment network for processing one or more payment card transactions for a payment card, the payment network comprising:

• a communication interface;
• one or more processors connected to the communication interface;
• and
• one or more computer readable storage media connected to the communication interface and to one or more of the processors, and embodying software that is configured when executed by one or more of the processors to:
• receive a push or pull request from a first device associated with a first user and adapted to communicate in a P2P network, wherein the push or pull request relates to a transaction with a second device associated with a second user and adapted to communicate in a P2P network;
• in response to the push or pull request, output a prompt on the first and second device requesting a biometric measurement;
• receive a first biometric measurement from the first device;
• receive a second biometric measurement from the second device;
• retrieve a first biometric parameter associated with the first user and a second biometric parameter associated the second user from one or more P2P transaction authentication databases, wherein the first and second biometric measurement are each a type selected from any one of:
• an EKG measurement, a fingerprint, iris scan, a voice pattern, gait, typing rhythm, and a facial pattern;
• compare the first biometric measurement with the first biometric parameter and compare the second biometric measurement with the second biometric parameter;
• periodically track a relative proximity between the first device and the second device, and updating the one or more P2P transaction authentication databases with the relative proximity, wherein the relative proximity between the first device and the second device is determined via a Bluetooth or Near-Field Communication connection between the first device and the second device;
• and
• responsive to determining that the first biometric measurement identifies the first user, determining that the second biometric measurement identifies the second user, and determining that the first device and second device are within a predetermined relative proximity, effect the transaction based on the push or pull request.