Patent ID: 8234220
Filing Date: 2012-07-31
Classification: G06F,G06Q,G07C,G16H,H04L

Abstract:
1. A system for a user to select any one of a plurality of accounts associated with the user to employ in a financial transaction, comprising: a secure registry including a database containing information concerning the plurality of accounts associated with the user and information concerning a plurality of users having a plurality of accounts, the secure registry connected to a network; a point-of-sale (POS) device programmed to communicate with the secure registry via the network; and an electronic ID device including: wherein the POS device is programmed to transmit the non-predictable value to the secure registry, wherein the secure registry is programmed to authenticate an identity of the user, by comparing the non-predictable value to authentication information included in the database to determine whether the non-predictable value corresponds to any of the plurality of users, and where the user is identified to determine funds available to the user in the account selected by the user, and wherein the secure registry is programmed to generate an enablement signal authorizing the financial transaction where the funds available to the user are acceptable.