A system for remote data acquisition and private and secure and authenticated, centralized processing and storage is disclosed called the DataTreasury.TM. Repository System. The DataTreasury.TM. Repository System provides a secure system for the storage and retrieval of data comprising personal information, financial information, and general information. The identity of the users are held private through the use of a biometric as the sole personal identifier. The system acquires transactional data at at least one remote locations, encrypts the data, transmits the encrypted data to a central location, transforms the data to a usable form, performs identification verification using biometric data, generates informative reports from the data and transmits the informative reports to the remote location(s), while maintaining privacy, security, and authenticity of the user's data and biometric. To ensure the complete security of the system, all data is re-encrypted while in storage, or when it is in a state of nonuse.