An electronic transaction verification system for use with transaction
tokens that gathers and transmits information about the transaction token
and biometric data. The electronic transaction verification system
preferably digitizes various indicia of the token and transmits the
transaction information data to a central system. The central system
compares the transaction data with an existing database of information to
determine if the customer at the point of the transaction is in fact
authorized to use the account, and if the account is in satisfactory
condition for approval of the transaction. The electronic verification
system includes a biometric data device for recording and transmitting
biometric data at the point of the transaction to a biometric database
for comparison and identity verification in real time.