Patent ID: 9547960
Date: 2017-01-17
CPC Classifications: G06Q,G07F

Claim:
1. A computer-implemented system for facilitating a financial transaction between a payor and a payee using a financial instrument comprising: a host processor configured to establish wireless connections, via a communication network, with a payor device, a payee device, a payor backend server, a payee backend server, and a central bank backend server; wherein the payor backend server is associated with a payor institution and the payee backend server is associated with a payee institution; and wherein the host processor is further configured to: receive, by the host processor, a request from the payor to perform the financial transaction when an image capturing unit of the payor device focuses on a fiduciary marker on the surface of the financial instrument; downstream first mixed reality content to the payor device to interactively engage the payor to load payor-side data upon the financial instrument in response to receiving the payor request, wherein the payor-side data comprises payor-side transaction data and payor-side biometric data and wherein the payor-side data is wirelessly transmitted and stored in a smart chip of the financial instrument; receive, by the host processor, a request from the payee to perform the financial transaction after the financial instrument is received by the payee from the payor and when an image capturing unit of the payee device focuses on the fiduciary marker of the financial instrument; downstream second mixed reality content to the payee device to interactively engage the payee to load payee-side data on the financial instrument in response to receiving the payee request, wherein the payee-side data comprises payee-side transaction data and payee-side biometric data and wherein the payee-side data is wirelessly transmitted and stored in the smart chip of the financial instrument; and host at least one of deposition and encashment of the financial instrument based upon verification and authentication of the payor-side data and the payee-side data, wherein the payor-side transaction data and the payee-side transaction data are verified against each other and wherein the payor-side biometric data and the payee-side biometric data are verified and authenticated against previously stored golden copies of the payor-side biometric data and the payee-side biometric data, respectively.