Patent ID: 8195576

Claim:
A mobile transaction device security system comprising: a memory device; a communication device; and a processing device coupled to the memory device, wherein the processing device is configured to: receive a security protocol from a user, the security protocol comprising a permission module and an authentication module, wherein the permission module comprises instructions on when the user must authenticate an identity of the user to perform a transaction, wherein the instructions are provided by the user and stored in a database; determine that the user is conducting the transaction; compare at least one characteristic of the transaction with the instructions provided by the user; and determine a process for authenticating the user by: determining if the user must authenticate the user's identity based on the comparison of the transaction with the instructions provided by the user, allowing the transaction if the user is not required to authenticate the user's identity based on the comparison, and requiring authentication of the user through the authentication module if the comparison of the transaction to the instructions provided by the user indicates that the transaction cannot proceed without authentication, wherein requiring authentication comprises requesting authentication of the user's identity, receiving input from the user, comparing the input to the authentication module, and allowing the transaction if the user is authorized to perform the transaction based on the comparison of the input with the authentication module.