System and method for using flexible circuitry in payment accessories

Abstract

Systems and methods described herein may comprise RFID data acquisition technology which may be embedded in a fob or tag for use in completing financial transactions. This fob may a self-contained device which includes a transponder and which may be contained on any portable form factor and may comprise flexible circuitry. For instance, the fob may be housed in a wearable transaction instrument, such as a bracelet, ring, wrist band, retractable id, necklace, jewelry charm, lanyard, key ring fob, watch, band, pin, and/or the like. The fob is configured to be used in concert with an RFID reader device.

1 . A wearable radio-frequency identification transaction device comprising:
 a radio-frequency identification fob;   a microprocessor; and   a biometric sensor, wherein the wearable radio-frequency identification transaction device is configured to interact with a RFID reader.   
     
     
         2 . The wearable radio-frequency identification transaction device of  claim 1 , wherein the biometric sensor is a fingerprint reader. 
     
     
         3 . The wearable radio-frequency identification transaction device of  claim 1 , wherein the radio-frequency identification fob is configured to interact with an RFID reader coupled to a point of sale system. 
     
     
         4 . The wearable radio-frequency identification transaction device of  claim 1 , wherein the radio-frequency identification transaction device is configured to be inserted and removable from an object intended to be worn by a user. 
     
     
         5 . The wearable radio-frequency identification transaction device of  claim 4 , wherein the radio-frequency identification transaction device is configured to be housed within at least one of a bracelet, ring, wrist band, key ring fob, retractable id, necklace, jewelry charm, lanyard, watch, band, and pin. 
     
     
         6 . The wearable radio-frequency identification transaction device of  claim 1 , wherein the user may configure the radio-frequency identification transaction device to be available for use for a limited duration, a reoccurring period, limited geographic use, for limited transaction types, a capped transaction amount, use at specified merchants, and capped to a specified balance. 
     
     
         7 . The wearable radio-frequency identification transaction device of  claim 1 , wherein the radio-frequency identification transaction device further comprises a flexible display. 
     
     
         8 . The wearable radio-frequency identification transaction device of  claim 1 , wherein inputted fingerprint data is used to identify a transaction account of a plurality of transaction accounts. 
     
     
         9 . The wearable radio-frequency identification transaction device of  claim 1 , wherein wireless transmission capabilities of the radio-frequency identification transaction device are activated in response to inputted biometric data matching previously stored biometric data. 
     
     
         10 . The wearable radio-frequency identification transaction device of  claim 1 , wherein the radio-frequency identification transaction device is configured to interact with social media applications. 
     
     
         11 . The wearable radio-frequency identification transaction device of  claim 1 , further comprising location identification configured to geotag the radio-frequency identification transaction device use. 
     
     
         12 . The wearable radio-frequency identification transaction device of  claim 1 , wherein the radio-frequency identification transaction device is configured to be used in credit transactions, charge account transactions, loyalty point transactions, pre-paid transactions and debit transactions. 
     
     
         13 . The wearable radio-frequency identification transaction device of  claim 1 , wherein the wherein the radio-frequency identification transaction device is configured to grant physical access to a restricted location based upon at least one of visual inspection and using wireless communication technology. 
     
     
         14 . The wearable radio-frequency identification transaction device of  claim 1 , wherein the radio-frequency identification transaction device is configured to grant access to at least one of transportation and secure locations. 
     
     
         15 . The wearable radio-frequency identification transaction device of  claim 1 , further comprising lighted indicators to provide user feedback. 
     
     
         16 . The wearable radio-frequency identification transaction device of  claim 1 , wherein the radio-frequency identification transaction device is a passive device. 
     
     
         17 . The wearable radio-frequency identification transaction device of  claim 1 , further comprising a battery. 
     
     
         18 . The wearable radio-frequency identification transaction device of  claim 1 , wherein the radio-frequency identification fob is configured to interact with an RFID reader to transfer personal information. 
     
     
         19 . A system comprising:
 a processor configured to provide information via a wearable radio-frequency identification transaction device,   a tangible, non-transitory memory configured to communicate with the processor,   the tangible, non-transitory memory having instructions stored thereon that, in response to execution by the processor, cause the processor to perform operations comprising:
 storing, by the processor, encrypted biometric data associated with a user transaction account to a storage memory of the wearable radio-frequency identification transaction device to create stored user transaction account data; 
 inputting, by the processor, biometric data, via a biometric housed on the wearable radio-frequency identification transaction device; 
 encrypting, by the processor, the inputted biometric data; 
 comparing, by the processor, the inputted encrypted biometric data to the stored encrypted biometric data; 
 accessing, by the processor, the stored user transaction account data of a plurality of stored user transaction account data, in response to the inputted encrypted biometric data matching the stored encrypted biometric data associated with the user transaction account; 
 enabling, by the processor, the wireless transmitting capabilities of the wearable radio-frequency identification transaction device, in response to the inputted encrypted biometric data matching the stored encrypted biometric data; and 
 transmitting, by the processor, the stored user transaction account data. 
   
     
     
         20 . A computer-implemented method comprising,
 storing, by a processor for performing a transaction, encrypted biometric data associated with a user transaction account to a wearable radio-frequency identification transaction device to create stored user transaction account data;   inputting, by the processor, biometric data, via a biometric sensor housed on the wearable radio-frequency identification transaction device;   encrypting, by the processor, the inputted biometric data;   comparing, by the processor, the inputted encrypted biometric data to the stored encrypted biometric data;   accessing, by the processor, the stored user transaction account data of a plurality of stored user transaction account data, in response to the inputted encrypted biometric data matching the stored encrypted biometric data associated with the user transaction account;   enabling, by the processor, the wireless transmitting capabilities of the wearable radio-frequency identification transaction device in response to the inputted encrypted biometric data matching the stored encrypted biometric data; and   transmitting, by the processor, the stored user transaction account data.