System, Method, Article of Manufacture of Mixed Reality Based, Biometrically Signed Reusable Physical Financial Instrument

摘要

The present invention relates to a reusable physical financial instrument and a system and a method for enabling the financial instrument to perform multiple financial transactions. The financial instrument is capable of creating mixed reality experience when it comes in vicinity of the payor or payee device or ATM. Through the created mixed reality experience, the payor and the payee inputs payor-side and payee-side transaction and biometric data which are stored onto smart chip of the instrument and/or on Cloud Storage using cloud computing interface. The stored payor-side and payee-side transaction data are cross-validated and their biometric data is further verified against golden copy at the respective financial institutions or at the Central Authority's repositories for performing the financial transaction. Upon completing the transaction, the payor-side and the payee-side data is erased, deleted or invalidated from the smart chip, thus making the financial instrument reusable for performing another transaction.

主权项

1. A financial instrument (100) for facilitating financial transactions, the financial instrument (100) comprises:
a smart chip (108), embedded within the financial instrument (100), capable of establishing a wireless communication, wherein the smart chip (108) is configured to store payor-side transaction data, payor-side biometric data, payee-side transaction data, and payee-side biometric data; a fiduciary marker (104) attached on a surface of the financial instrument (100), wherein the fiduciary marker (104) is configured for creating a mixed reality experience for a payor and a payee; and at least one of visible indicia (106) and invisible indicia (106) present on the financial instrument (100).