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RFID-based system and method of conducting financial transactions

  • US 20050242176A1
  • Filed: 04/28/2004
  • Published: 11/03/2005
  • Est. Priority Date: 04/28/2004
  • Status: Abandoned Application
First Claim
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1. A method of conducting a financial transaction between a consumer and a merchant, the method comprising:

  • a) communicating to a RFID reader a transaction amount for completing the financial transaction;

    b) displaying the transaction amount on the RFID reader;

    c) placing a RFID tag in close proximity to the reader to communicate acceptance of the transaction by the consumer.

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