System and method for facilitating monetary transactions

A system for facilitating a financial transaction comprising:

• first means for measuring one or more biological characteristics of a user;
• a database that is modifiable by a user of said system, wherein said database is adapted to select an account associated with said user based on said one or more biological characteristics and is adapted to provide a transaction signal in response thereto, and wherein said database is positioned remotely from said first means;
• and
• second means for facilitating implementing a funds transfer to or from said selected account in response to said transaction signal.

A method comprising:

• obtaining biometric information;
• using said biometric information to retrieve, from a database, account information associated with said biometric information, and providing retrieved account information in response thereto, wherein said database operates independently of a clearing house or banking infrastructure;
• and
• employing said retrieved account information to initiate a charge via a charging terminal, wherein said database is located remotely from said charging terminal.

A system for facilitating transactions comprising:

• a charging terminal adapted to charge an account based on user account information;
• a user-modifiable database containing user account information, wherein said user-modifiable database is positioned remotely from said charging terminal;
• and
• a scanner module adapted to employ scanned biometric information to deliver user account information from said user-modifiable database to said charging terminal.