clip normally carried in a person 39 s pocket those skilled in the art however will realize that this particular use is illustrative only and the invention is equally applicable to many styles of clips for many different uses at least one of the jaws 1 and 2 includes a generally rectangular boss 4 boss 4 has an inserted or mounted thereon electronic transmitting and receiving device 5 mounted inside for illustrative purposes in this example these devices are currently commercially available and are classified as rfid radio frequency identification devices device 5 may be of various shapes and sizes and is shown as an elongated format in the drawings boss 4 includes insert 6 that serves as the protective cover over the electronic device installed inside the insert and is permanently attached to the clip within boss 4 electronic device 5 transmits and receives data information through the materials used in the construction of the insert one existing application of device 5 is a transmitter marketed under the trademark speedpass in general device 5 works in conjunction with a transceiver reader means which creates an electromagnetic field that is variable in size or strength according to its radio frequency and power output when the money clip with the included radio frequency identification device rfid electronic tag is placed within close proximity of the transceiver passing within the electromagnetic field the rfid device inside the clip detects the activation signal from the reader the transceiver reader then decodes the.