Proxy device for representing multiple credentials

Abstract

Payment devices and the systems and methods for securely managing financial transactions using the payment devices are provided. In one implementation, a portable proxy device comprises a memory configured to store a plurality of credentials. Each of the plurality of credentials pertains to one of a financial credential, an identification credential, or contractual credential. The portable proxy device also includes at least one interface, wherein each of the at least one interface is configured to communicate one of the plurality of credentials to an external device to complete one of a financial function, identification function, or contractual function.

1 . A portable proxy device comprising:
 a memory configured to store a plurality of credentials, each of the plurality of credentials pertaining to one of a financial credential, an identification credential, or contractual credential; and   at least one interface, each of the at least one interface configured to communicate one of the plurality of credentials to an external device to complete one of a financial function, identification function, or contractual function.   
     
     
         2 . The portable proxy device of  claim 1 , further comprising a plastic housing in the form of a card, wherein the memory and at least one interface are disposed in or on the plastic housing. 
     
     
         3 . The portable proxy device of  claim 1 , further comprising a mobile device, wherein the memory and at least one interface are disposed in or on the mobile device. 
     
     
         4 . The portable proxy device of  claim 1 , further comprising a processing device configured to select one of the plurality of credentials based on configurable rules regarding the use of the portable proxy device. 
     
     
         5 . The portable proxy device of  claim 4 , wherein the configurable rules are predetermined by at least one of a user of the portable proxy device and an issuing institution. 
     
     
         6 . The portable proxy device of  claim 5 , wherein the configurable rules are generated by a computer-based server using a web browser on a mobile device or computer. 
     
     
         7 . The portable proxy device of  claim 5 , wherein the configurable rules are generated by an operator associated with the issuing institution. 
     
     
         8 . The portable proxy device of  claim 4 , wherein the configurable rules are dependent on a calculated location of the portable proxy device. 
     
     
         9 . The portable proxy device of  claim 4 , wherein the configurable rules include constraints based on the context of the type of function being conducted. the type of function selected from the financial function, identification function, and contractual function. 
     
     
         10 . A system comprising:
 a point-of-sale (POS) device configured to obtain at least one credential from a mobile proxy device, each of the at least one credential pertaining to one of a financial credential, an identification credential, or contractual credential; and   a payment processor configured to receive the at least one credential obtained from the mobile proxy device and perform at least one of a financial function, identification function, or contractual function.   
     
     
         11 . The system of  claim 10 , wherein the mobile proxy device is in the form of a card. 
     
     
         12 . The system of  claim 10 , wherein the mobile proxy device is a smart phone. 
     
     
         13 . The portable proxy device of  claim 10 , wherein the payment processor is configured to select one of the plurality of credentials based on configurable rules regarding the use of the mobile proxy device. 
     
     
         14 . The system of  claim 13 , wherein the configurable rules are predetermined by at least one of a user of the mobile proxy device and an issuing institution. 
     
     
         15 . The system of  claim 14 , wherein the configurable rules are generated by the payment processor using a web browser on a mobile device or computer. 
     
     
         16 . The system of  claim 14 , wherein the configurable rules are generated by an operator associated with the issuing institution. 
     
     
         17 . The system of  claim 13 , wherein the configurable rules are dependent on a calculated location of the mobile proxy device. 
     
     
         18 . The system of  claim 13 , wherein the configurable rules include constraints based on the context of the type of function being conducted, a type of function selected from the financial function, an identification function, and a contractual function.