Local transaction authorization using biometric information provided by a user device

A transaction authorization system for authorizing a financial purchase, comprising:

• a payment token having a payment data set and a biometric profile stored thereon, said biometric profile associated with a first authorized user of the payment data set;
• a biometric sensor for collecting biometric data from an individual;
• a point of sale terminal in electronic communication with the biometric sensor, wherein the point of sale terminal or the biometric sensor includes a data processor having a microprocessor and software for instructing the microprocessor to (a) receive the biometric profile from the payment token and not from a remove server, (b) collect a first biometric sample from the biometric sensor, (b) compare the first biometric sample with the biometric profile, (c) determine whether the first biometric sample matches the biometric profile, (d) provide an indication as to whether the first biometric sample matches the biometric profile, (e) if the indication is that there is no match between the biometric profile and the first biometric sample, reject the financial purchase using the payment data set, and if the indication is that the biometric profile matches the biometric sample, then processing the payment data set to complete the financial purchase.

An authorization system for processing an authorization request, comprising:

• a token having an authorization data set and a biometric profile stored thereon, said biometric profile associated with a first authorized user of the authorization data set;
• a biometric sensor for collecting biometric data from an individual;
• a authorization terminal in electronic communication with the biometric sensor, wherein the authorization terminal or the biometric sensor includes a data processor having a microprocessor and software for instructing the microprocessor to (a) receive the biometric profile from the token and not from a remove server, (b) collect a first biometric sample from the biometric sensor, (b) compare the first biometric sample with the biometric profile, (c) determine whether the first biometric sample matches the biometric profile, (d) provide an indication as to whether the first biometric sample matches the biometric profile, (e) if the indication is that there is no match between the biometric profile and the first biometric sample, reject the authorization request using the authorization data set, and if the indication is that the biometric profile matches the biometric sample, then approving the authorization request using the authorization data set.