Patent ID: 8851370
Filing Date: 2014-10-07
Classification: G06Q,G07F

Abstract:
1. A method of using a transaction device, comprising: a transaction device receiving first authentication information from a user; retrieving, from a memory of the transaction device, stored authentication information for the user; at least one computer processor of the transaction device verifying the authenticity of the user by comparing the first authentication information with the stored authentication information; the transaction device receiving, from a point of sale device, transaction data; the at least one computer processor determining that additional user authentication is necessary based on the transaction data; displaying on the display a request for second authentication information from the user; receiving the second authentication information from the user; and the at least one computer processor verifying the second authentication information; and after the first and second authentication information are verified, activating at least one of the magnetic stripe, the electrical interface, and the wireless RF interface to communicate the account information.