High-security universal transaction system

Abstract

A high-security universal transaction system for implementing secure transactions, communications and other types of electronic interactions includes a secure token associated with an individual user, a secure operations and resource component, and one or more communication devices that are utilized by users to access the operations and resources component once the identity of the user has been verified. The communication device verifies the identity of the user by transmitting to the operations and resource component a biometric reading and a first access code that is generated by the secure token using an evolving security algorithm. The evolving security algorithm is also stored in a matching security component in the operations and resource component, which generates a second access code. Upon verifying the user's biometric reading and subsequent matching of the first and second access codes by the operations and resource component, the user can access the operations and resource component data and functionality as well as information stored in the user's secure token using the communication device, the security algorithm is also used to encrypt and decrypt communications between the components of the system.