Radio frequency identification (RFID) system for manufacturing, distribution and retailing of keys

A key assembly having an identification member secured to the key. In one embodiment, the identification member includes a programmable device that contains information indicative of one or more characteristics of the key that can be used to identify at least one of a) the type of key, b) the type of key blank, c) an origination address, d) a destination address, e) a manufacturer, f) a manufacturing date, and g) a lot number. Another embodiment may include a key, and an identification member secured to the key, wherein the identification member includes a programmable device that contains information indicative of a) the key type, b) the type of key blank, and c) cutting instructions for a key cutter to determine cut characteristics. Additional embodiments may include an automobile key and an identification member secured to the automobile key, where in the identification member includes memory for use as mobile data storage.