System and process for performing purchase transactions using tokens
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United States of America Patent
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Jun 10, 2014
Grant Date -
Oct 2, 2003
app pub date -
Mar 31, 2003
filing date -
Mar 29, 2002
priority date (Note) -
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status (Latency Note)
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Abstract
The invention relates to a method and process by which an existing and large network of devices can be used by consumers to authenticate themselves, and permits each consumer to apply any of the various payments mechanisms available to him. The existing broadly distributed network is active and passive radio frequency identification (“RFID”) devices held by consumers. Various types of accounts are linked to devices and allow users to perform various purchase transactions, as well as non-financial transactions.
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