Patent ID: 8781905

Claim:
A computer implemented method of authorizing transponder-enabled transactions, comprising: providing a RFID transponder to a user, for transmitting transponder identification information over a communications channel, the RFID transponder being configured for inclusion in or on a wireless communications device, wherein the wireless communications device communicates independently of the RFID transponder; receiving the RFID transponder identification information emitted from the RFID transponder, wherein the emission occurs upon presentation of the RFID transponder during a transaction at a point of sale device for payment of an amount; retrieving financial account information from an account table, wherein the account table comprises financial account information linked to the RFID transponder identification information, and the financial account information comprises at least one of: account number information, account type information, account balance information, and account limit information; determining whether the transaction charging the payment amount to a financial account represented by the financial account information is authorized based on the retrieved financial account information; communicating an authorization to the point of sale device and the transponder; modifying the financial account information in the account table based on the authorization and the transaction; wherein the RFID transponder identification information comprises information that is distinct from the financial account information, and receiving registration information, at a registration server, from a workstation via a network registration interface, the registration information comprising the financial account information and the RFID transponder identification information, comprising a transponder identification number preprinted on a sticker associated with the RFID transponder, and wherein the registration information is received from the user; linking, based on the registration information, the financial account information to the RFID transponder identification information in the account table.