1. A remote transaction device for capturing and transmitting data to a central authorizing host indicative of a proffered payment, the device comprising: a financial data component that obtains financial information about the proffered payment; a location component that determines the location of the remote transaction device when the financial information about the proffered payment is obtained; a transceiver component that is communicatively linked to the central authorized host; and a processor component that receives the financial information and the location information and induces the transceiver component to transmit the financial information and the location information to the central authorizing host to thereby permit the central authorizing host to evaluate the risk of accepting the proffered payment, wherein the risk can be assessed in light of the present location of the remote transaction device.