The device of the present invention is a stand alone radio frequency identification (RFID) reader/writer device comprising a micro controller having non-volatile data memory, an RFID module, at least one input/output port, and a display. The device of the present invention is fully configurable and may serve as a multi-functional transaction sentry, i.e., a ticket taker, a money or point collector, a money or point dispenser, an access controller, a balance inquiry station, a transaction logger, etc. The method of the present invention comprises steps for configuring, operating and collecting data from the RFID reader/writer device of the present invention. The configuration, operation or data collection from the RFID device of the present invention may be performed by using either the RFID module or the at least one input/output port.