Patent ID: 7429927
Filing Date: 2008-09-30
Classification: G08B

Abstract:
1. A system configured to removably attach a radio frequency identification (RFID) transaction device to an article worn by a person, comprising: an RFID module for sending transaction account information in response to an interrogation signal, wherein said transaction account information comprises a merchant code, a transaction account code and transaction data; said RFID module comprising a secure memory, an authentication circuit, a modulator/demodulator, and a data memory capable of storing encrypted data related to payment information related to said person wearing said article, an authentication key and demographic information related to said person wearing said article, said RFID module configured to receive the interrogation signal from an RFID reader device for conducting mutual authentication using said authentication key, and transmit said payment information related to said person wearing said article, and said demographic information related to said person wearing said article to the RFID reader device, wherein said RFID reader device transmits said payment information and demographic information along with purchase data and a merchant code to a processor for authorization of said payment information and receives an authorization approval from said processor for use in completing a financial transaction, an RFID carrier housing encasing said RFID module, said RFID carrier housing comprising an attachment apparatus configured to attach said RFID carrier housing to said article worn by said person, wherein said attachment apparatus is operable to remove said RFID module from said article worn by said person, and wherein said attachment apparatus comprises a first string affixed to a first end of said RFID carrier housing and a second string affixed to a second end of said RFID carrier housing, wherein said attachment apparatus includes a sliding string fastener joining said first string to said second string at a substantially fixed location, said sliding string fastener operable to slide from a first end of said first string to a second end of said first string, and operable to slide from a first end of said second string to a second end of said second string, said sliding string fastener operable to tighten along the length of said first and second string.