Validating card present financial transactions made via a point of sale terminal (POS) or an Automated Teller Machine (ATM) using specified distinctive identifiers of local/mobile computing devices involved in the transaction

摘要

The present invention consists of methods whereby local/mobile computing devices are registered by collecting a set of hardware and/or software distinctive identifiers to be saved in a validation database residing on a validation database server/Web server, such that the local/mobile computing device can be used as a digital hardware key for right of access and authorization of electronic transactions. This is done by comparing a regenerated set of hardware and/or software distinctive identifiers with those previously registered in the validation database in order to validate the identity of the local/mobile computing device. The invention consists of a first software program executing on a local/mobile computing device that generates the set of hashed and/or encrypted hardware and/or software distinctive identifiers and a second software program resident residing on a validation database server/Web server that manages the validation database.