Method and system for flexible purchases using only biometrics at the time and location of purchase

A system for providing flexible payments to allow buyers to pay merchants using biometrics of buyers and previously registered convenient rules without the need to carry and present financial payment methods [such as debit and credit cards] at the time and location of purchase, comprising:

• (a) means to allow a buyer to register and store one or more said biometrics prior to any purchase using said system where a biometric in machine readable form is called a biometric record;
• (b) means to allow a buyer to register and store one or more said financial payment methods that can be debited;
• (c) means to store a list of said merchants where each merchant has one or more merchant location record and each said merchant location record is related to a financial account that can be credited;
• (d) means to allow a buyer to register and store said convenient rules prior to the first purchase where each rule is comprised of:
• a conditional component with one or more conditions for defining which said merchant location records a buyer plans to purchase from, what range of purchase amounts are allowed and when the purchase is allowed;
• and
• an action component with at least one action for defining which said registered financial payment methods should be selected to pay for the purchase at the time of purchase when said conditional component is satisfied;
• (e) means to store and evaluate external rules to validate financial transactions at any time as determined by parties other than buyers such as the account issuing entity or owners of said system;
• (f) means to allow a buyer to relate one or more said registered biometric records to one or more said registered convenient rules prior to the first purchase using said system;
• (g) means to receive transaction information at the time of purchase including said biometric record of the buyer, said merchant location record, the time and amount of purchase;
• and (h) means to select one or more said registered financial payment methods at the time of purchase, comprising the steps of:
• comparing said biometric record of the buyer at the time of purchase with all said registered biometric records to find a matching biometric record;
• evaluating said conditional components of said registered convenient rules related to said matched biometric record by comparing said transaction information to said conditional components;
• and evaluating the action component of only one said convenient rule where said conditional component is satisfied to select one or more of said registered financial payment methods on behalf of the buyer.