Patent ID: 8616444

Claim:
A system for authorizing a financial transaction, comprising: an interface operable to receive a request to authorize a first financial transaction involving a financial account associated with a plurality of account data; and a processor, communicatively coupled to the interface, executing an application on a wireless communications devices that is communicatively coupled to a data stripe through a wired connection, operable to: access authorization criteria for determining whether to authorize the first financial transaction; apply the authorization criteria to the first financial transaction; generate an authorization code based on successful application of the authorization criteria to the first financial transaction, wherein the interface is operable to communicate the authorization code; and enable the data stripe to communicate a first account data from the plurality of account data associated with the financial account to a data stripe reader based on the successful application of the authorization criteria to the first financial transaction, wherein the first account data communicated to the data stripe reader is changed for each of a plurality of subsequent financial transactions, and the first account data comprises one or more of an account number and a card verification value.