Non-repudiation process for credit approval and identity theft prevention

A system for authenticating a consumer for a financial service from a provider over a network, comprising:

• a network computer, including:
• memory for storing instructions;
• and
• one or more processors for executing instructions to perform actions, comprising:
• employing a biometric card to provide a request for the financial service from the consumer that is assigned to the biometric card and includes a unique identification number (“UIDN”) that corresponds to the biometric card, wherein the biometric card includes one or more biometric templates of biometric information about the assigned consumer;
• employing the biometric card and biometric templates to sense physical signals of the consumer based on biometric information that is provided by the consumer to the biometric card, wherein the biometric card employs the physical signals to determine an authenticity of the consumer;
• employing an identity authority application to determine an authenticity of a one time pin (“OTP”) provided by the consumer based on the UIDN, wherein the OTP is generated by the biometric card based on an affirmative authentication of the biometric information provided by the consumer;
• and
• authorizing the provider to provide the consumer with access to the financial service based on an affirmative authentication of the OTP, and wherein the provider requests an external credit report about the consumer from a credit bureau based on both the biometric card authenticating the biometric information provided by the consumer and the affirmative authentication of the OTP provided by the consumer based on the UIDN.

A biometric card for authenticating a consumer for a financial service from a provider over a network, comprising:

• one or more interfaces for sensing physical signals of the consumer;
• memory for instructions;
• and
• one or more processing circuitry for executing instructions to perform actions, including:
• providing a request for the financial service from the consumer that is assigned to the biometric card and includes a unique identification number (“UIDN”) that corresponds to the biometric card, wherein the biometric card includes one or more biometric templates of biometric information about the assigned consumer;
• employing the one or more interfaces and the one or more biometric templates to sense the physical signals of the consumer, wherein the biometric card employs the sensed physical signals to determine an authenticity of biometric information about the consumer at the biometric card;
• enabling an identity authority application to determine an authenticity of a one time pin (“OTP”) provided by the consumer based on the UIDN, wherein the OTP is generated by the biometric card based on an affirmative authentication of the biometric information about the consumer;
• and
• authorizing the provider to provide the consumer with access to the financial service based on an affirmative authentication of the OTP, and wherein the provider requests an external credit report about the consumer from a credit bureau based on both the biometric card authenticating the biometric information provided by the consumer and the affirmative authentication of the OTP provided by the consumer based on the UIDN.